Blockchain Press Releases
LCD Shelf Label Market to Reach $1.5 Billion, Globally, by 2032 at 14.5% CAGR: Allied Market Research
The LCD shelf label market is driven by factors including enhanced pricing accuracy, operational efficiency, and data-driven insights.
PORTLAND, Ore., Aug. 2, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “LCD shelf label Market, by Component (Displays, Batteries, Transceivers, Microprocessors, and Others), Display Size (Less than 3-inch, 3-inch to 7-inch, 7-inch to 10-inch, and More than 10-inch), Communication Technology (Radio Frequency, Infrared, Near Field Communication, and Others), Store Type (Hypermarkets, Supermarkets, Non-food Retail Stores, Specialty Stores, and Others): Global Opportunity Analysis and Industry Forecast, 2023–2032“. According to the report, the global LCD shelf label industry generated $387.87 million in 2022, and is projected to reach $1,495.12 million by 2032, registering a CAGR of 14.54% from 2023 to 2032.
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Prime determinants of growth
The LCD shelf label market is anticipated to expand significantly during the forecast period owing to enhanced pricing accuracy and operational efficiency. Additionally, the market is expected to benefit from data-driven insights. However, initial investment costs pose a restraint to the growth of the LCD shelf label market during the forecast period.
Report coverage & details:
|
Report Coverage |
Details |
|
Forecast Period |
2022–2032 |
|
Base Year |
2022 |
|
Market Size in 2021 |
$387.87 million |
|
Market Size in 2031 |
$1,495.12 million |
|
CAGR |
14.54 % |
|
No. of Pages in Report |
423 |
|
Segments covered |
Component, Display Size, Communication Technology, Store Type, and Region. |
|
Drivers |
Enhanced pricing accuracy Operational efficiency |
|
Opportunities |
Data-driven Insights |
|
Restraints |
Initial investment costs |
Covid-19 Scenario
- At the beginning of the COVID-19 outbreak, the LCD shelf label market faced disruptions in the supply chain due to lockdowns and restrictions, affecting production and distribution. Retail activities also slowed down as many physical stores were forced to close temporarily, leading to reduced demand for various retail technologies, including LCD shelf labels. These challenges created uncertainties and delays in the adoption of the technology during the initial phase of the pandemic.
- However, the COVID-19 pandemic highlighted the importance of contactless shopping, leading to a higher demand for LCD shelf labels. These labels enable retailers to update prices without physical contact, providing a safer shopping experience for customers during the outbreak. As retailers adapted to changing market conditions, the flexibility of LCD shelf labels in quickly adjusting prices became even more valuable, supporting the need for contactless interactions in the retail environment.
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The displays segment is anticipated to dominate in terms of revenue during the forecast period-
Based on component, the displays segment accounted for around one-third of the total revenue in the global LCD shelf label market in 2022, and it is expected to continue its dominant position throughout the forecast period. The primary factors contributing to its dominance and growth include the increasing adoption of LCD shelf labels for their wide viewing angle, low power requirements, and interactive graphics capabilities, which enhance the customer experience and improve operational efficiency for retailers. Moreover, advancements in display technology and rising consumer demand for real-time information further contribute to the segment’s rapid growth and continued success in the market. Additionally, the batteries segment is projected to experience the highest CAGR of 16.55% from 2023 to 2032.
The less than 3-inch segment is projected to retain the lion’s share by 2032-
Based on display size, the less than 3-inch segment emerged as the market leader in the global LCD shelf label market in 2022, holding the highest market share of more than two-fifths of the revenue. This remarkable growth is driven by increased demand for compact displays in limited retail spaces and advancements in display technology. However, the 3-inch to 7-inch segment is projected to witness the fastest CAGR of 15.17% from 2023 to 2032. This is due to its versatility, space efficiency, and adoption by retailers seeking operational efficiency and real-time updates contribute to its strong market potential.
The radio frequency segment garnered the major share in 2022-
By communication technology, the radio frequency segment accounted for more than one-third of the global LCD shelf label market share in 2022 and is expected to rule the roost by the end of 2032. This is due to its bidirectional communication capabilities, efficient data transfer in electronic shelf labels, and integration with other technologies like ZigBee, Z-Wave, and Bluetooth Low Energy (BLE), driving its demand. Moreover, the near field communication segment would cite the fastest CAGR of 15.98% throughout the forecast period. This rapid growth can be attributed to the seamless data exchange and secure payment capabilities, along with its ability to facilitate quick connections between devices, make it a preferred choice for customers and retailers, enhancing the overall shopping experience in the retail industry.
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North America to maintain its dominance by 2032-
Based on region, North America dominated the LCD shelf label market revenue in 2022, representing over one-third of the global market share. This was driven by its extensive retail presence, rapid adoption of digital technologies and e-commerce, and role as a major contributor to technology-driven markets. The region’s diverse retail landscape, including supermarkets, specialty stores, and hypermarkets, further contributed to its market leadership. However, the Asia-Pacific region is projected to witness the fastest CAGR of 15.75% from 2023 to 2032 due to its booming retail industry, rising number of supermarkets and specialty stores, significant investments, and the integration of IoT technology, all driving the demand for LCD shelf labels and contributing to its market dominance.
Leading Market Players: –
- RECHI Retail System Solutions Limited
- SES-imagotag
- Zkong
- Hanshow Technology
- ZhSunyco
- Highlight
- ACLAS
- Diebold Nixdorf, Incorporated.
- Samsung Electro-Mechanics Co Ltd.
- Displaydata Limited
The report provides a detailed analysis of these key players of the global LCD shelf label market. These players have adopted different strategies such as innovations, product launches, partnerships, and contracts to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of every market player.
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Related Regional Reports:
North America LCD shelf label Market: Opportunity Analysis and Industry Forecast, 2022-2032
Europe LCD shelf label Market: Opportunity Analysis and Industry Forecast, 2022-2032
Asia-Pacific LCD shelf label Market: Opportunity Analysis and Industry Forecast, 2022-2032
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Blockchain Press Releases
Market Eyes “Crypto President” Inauguration as BTC Tumbles at $100K: Bybit and Block Scholes Analysis
DUBAI, UAE, Jan. 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released the latest crypto derivatives report, published weekly with Blocks Scholes. Noting BTC’s retreat from the $100k mark a week into the new year, the analysis showed on-risk assets including crypto bore the brunt of broader macro factors. Past week’s data indicates heightened uncertainty in market dynamics ahead of Trump’s anticipated Jan. 21 inauguration, highlighting shifting investor sentiment during this significant political transition.
Key Insights:
Perpetuals Took a Winter Break: The perpetual swap market experienced a notable decline in liquidity over the holidays, with trading volumes winding down throughout Dec. 2024, leading to decreased realized volatility across the market. Notably, open interest maintained stability compared to levels preceding the great expiration of options contracts in Dec. 2024, indicating conservative positioning and limited hedging activity in perpetual swap markets.
Wide Disparity Between 30-Day Implied Volatility and 7-Day Realized Volatility: ETH’s options markets signalled an unmistakable preference for call options. In contrast, BTC’s open interest is rebalancing after the expiration in Dec. 2024. Both ETH and BTC have experienced notable changes in their term structures heading into the new year. The sharp divergence between implied and realized volatility is at its largest since the U.S. elections, suggesting that options traders are paying a premium to price in a higher level of risk or volatility despite the calm at the surface.
ETH Calls Gaining Traction
There has been a reshuffling in ETH open interest. While put options still hold sway in terms of total volume, call contracts have seen an uptick after Dec. However, the optimism comes with a caveat—the decline in realized volatility in the year so far has given options traders pause. The volatility term structure has steepened further, with short-term volatility (measured at a 30-day tenor) still sitting more than 15 points above its realized counterpart. This gap is the widest since the pre-election period of 2024, when geopolitical uncertainty fueled volatility premiums. Today, however, the premium seems driven more by general speculation than by any specific event. Even as the market settles, investors remain cautious, signaling looming uncertainty.
Access the Full Report here.
#Bybit / #TheCryptoArk /#BybitResearch
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Blockchain Press Releases
HTX 2025 Outlook: Five Sectors to Look Forward to, and How Trump’s Policy Will Affect Crypto Industry
SINGAPORE, Jan. 10, 2025 /PRNewswire/ — The year 2024 marks a significant chapter in the history of the crypto industry, where we witnessed continuous breakthroughs in blockchain technology, surges in Bitcoin price, and a gradually more open regulatory environment, with cryptocurrencies gaining increasing recognition from the mainstream. As 2025 unfolds, HTX, the world’s leading digital asset exchange, has released its latest report, HTX 2024 Global Web3 Blockchain Ecosystem Review and 2025 Outlook, which provides forward-looking insights into the development prospects of the crypto industry.
Key Sectors for 2025
In the report, HTX highlighted five key sectors that showed encouraging progress last year, and will continue to closely monitor these areas in 2025.
Bitcoin Ecosystem
In 2024, Bitcoin’s market dominance kept increasing, solidifying its position as the core asset, with spot ETFs acting as liquidity channels, and U.S. listed companies such as MicroStrategy (MSTR) serving as the vehicles to absorb unlimited dollar liquidity.
As a result, it is increasingly essential to further develop Bitcoin’s ecosystem and enhance capital utilization efficiency. With strong support from macro markets and infrastructure support, a further surge in Bitcoin demand over the next two years is well-anticipated.
Infrastructure
Infrastructure remained a cornerstone in 2024’s crypto investments and funding. The synergy between capital and technology has driven the rapid development of Layer 1, Layer 2, and middleware projects, among others.
Layer 1 solutions, in particular, now represent the focal point of technical development and exploration within the crypto space, and it is expected to remain a priority for development resources and capital investment in the future.
Meme Coins
The Meme coin sector emerged as a hotspot in 2024, fostering community consensus while integrating with fields like DeFi and GameFi to create new use cases. As the crypto market environment grows increasingly favorable, more retail investors are expected to enter the market, positioning Meme projects as vital channels for capital inflows.
AI
In 2024, the intersection of Crypto and AI sector has been driving the exploration of several segmented fields, the hottest one of which is AI agents. In the future, AI agents will gradually become personal butlers and assistants for users, serving them with comprehensive capabilities. Over time, they may develop unique cultures and religions.
This deep integration of AI and encryption technology is a groundbreaking evolution that is unattainable within Web2 and cannot be achieved by Web3 relying solely on encryption technology.
TON Ecosystem
Attributable to Telegram’s hundreds of millions of users and robust technical support, the TON ecosystem achieved significant milestones in various fields, pioneering the monetization of Web2 social applications through crypto. Moving into 2025, it needs to explore and find new business models to improve user retention and identify its next growth curve.
Donald Trump Effect: Bitcoin Strategic Reserve Worth Anticipating
The report also discusses the potential impact of crypto-friendly policies that could arise after Donald Trump takes office. Two important bills, the FIT21 Act and the Bitcoin Strategic Reserve Act, are likely to pass more quickly thanks to him.
The FIT21 Act aims to create a clear legal framework for token issuance and trading by classifying tokens as digital assets or digital commodities, transferring the regulatory responsibilities of many blockchain projects from the SEC to the CFTC, and introducing a safe harbor mechanism. This would help standardize and promote the healthy growth of the entire industry.
The Bitcoin Strategic Reserve Act, aligning with Trump’s campaign promises, if passed, would mark Bitcoin’s transition from a niche asset to a nationally recognized reserve asset, greatly enhancing its legitimacy and recognition. It may also prompt other countries to adopt similar measures to further advance Bitcoin’s global recognition and application.
The Act was submitted to Congress for deliberation on August 4, 2024, and referred to the Senate Banking Committee for review. Trump is well-positioned to push this bill through. Meanwhile, several U.S. states have already proposed their own Bitcoin Strategic Reserve bills. By 2025, Bitcoin as a strategic reserve may become a reality.
Additionally, under Trump’s presidency, the SAB121 Act is likely to be repealed, allowing traditional financial institutions to hold cryptocurrencies on their balance sheets, further accelerating the institutionalization of crypto assets and contributing to the overall maturity of the crypto market. The SEC’s application criteria of the Howey Test may also be relaxed, increasing the likelihood of more spot crypto ETFs being approved and more public listings of crypto companies.
Meanwhile, the report also provides a comprehensive summary of 2024, looking back on the key events that had a major impact on the crypto industry while summing up what HTX had achieved over the last year.
To learn more, please visit: https://square.htx.com/htx-2024-global-web3-blockchain-ecosystem-review-and-2025-outlook/
About HTX
Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.
As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services.
Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.
Contact Details
Ruder Finn Asia
[email protected]
Company Website
https://www.htx.com
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Blockchain Press Releases
Vietnam’s Youth Rally Behind Blockchain: KuCoin Reveals Groundbreaking Insights at VTIS 2024
HANOI, Vietnam, Jan. 10, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to share the findings from its second edition of the KuCoin Campus Survey, conducted during the Vietnam Technology & Investment Summit (VTIS) 2024. With 926 participants surveyed from December 3rd to December 4th, 2024, the results underscore the vibrant interest in blockchain technologies among Vietnam’s youth, reinforcing KuCoin’s commitment to nurturing this vital market.
The survey, a key initiative under KuCoin Campus, highlights a strong, positive sentiment towards cryptocurrencies, with 92% of participants optimistic about the future of digital assets. Remarkably, 82% of respondents are considering blockchain-related careers, signaling a burgeoning talent pool eager for development and opportunities within the industry.
Vietnam’s strategic importance to both KuCoin and the broader crypto community is evident as 68% of participants expressed a “very high interest” in blockchain, making it a critical hub for crypto innovations and community engagement. Additionally, 73% of respondents currently hold cryptocurrencies, demonstrating a mature market ready for further expansion and adoption.
The survey also uncovered a significant inclination towards diverse blockchain roles, with data analysis (24%), marketing (22%), and business development (21%) being the most coveted. These insights are invaluable as they highlight the areas of highest potential and interest among the future workforce.
“Vietnam has been and will continue to be a key market for us,” said Alicia Kao, the Managing Director of KuCoin. “As the People’s Exchange, we are committed to empowering and equipping this new generation with the tools they need to succeed in the evolving digital landscape.”
View the full report here (EN version, VN Version), or visit KuCoin’s official website for further information.
About KuCoin
Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 37 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots. KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. These recognitions reflect its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence.
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