Electronic Shelf Labels Market Size, Share and Trends

Report Code SE 4073
Published in Dec, 2024, By MarketsandMarkets™
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Electronic Shelf Labels Market by Full Graphic E-paper, LCDs, Segmented E-paper, Retail, Industrial, Label Management, Inventory & Stock Management, Transceivers, Infrared, Radio Frequency, Near-field Communication and Region - Global Forecast to 2029

 

Electronic Shelf Labels Market Size, Share & Trends

The electronic shelf labels market was valued at USD 2.34 billion in 2024 and is projected to reach USD 4.18 billion by 2029; it is expected to register a CAGR of 12.3% during the forecast period. Retail automation, especially in areas such as store layouts and operations, is driving the use of ESLs. The advantages associated with ESLs are many as they lead to the improvement of the efficiency and the reduction of costs, which facilitates dynamic pricing of the labels. The establishment of 5G technology also improves their effectiveness in terms of their communication since they are more efficient than traditional communication technologies, thus ESLs remain crucial in any environment where retail businesses are present.

Electronic Shelf Labels Market

Attractive Opportunities in the Electronic Shelf Labels Market

NORTH AMERICA

The US and Canada are significantly increasing their investments in aircraft platforms in response to the rising global air traffic and modernizing fleets, addressing the need for advanced technologies, such as fuel-efficient engines, electric propulsion systems, and autonomous systems.

The growing adoption of advanced aircraft platforms, such as next-generation civil & military aircraft, UAVs, and UAM for border security, urban mobility, and multi-domain operations, is driving their deployment across sectors.

The aircraft platforms market in North America is projected to be valued at USD 139.06 billion by 2030. It is projected to grow at a CAGR of 4.0% during the forecast period.

Governments in North America are prioritizing domestic aircraft production and R&D investments to maintain technological leadership, reduce reliance on foreign suppliers, and strengthen their aerospace industries.

The region’s growing technological advancements and the robust manufacturing base have led to the production of cutting-edge aircraft platforms, positioning North America as a key player in the global aviation market.

Impact of AI in Electronic Shelf Labels Market

AI and Gen AI are transforming the electronic shelf labels (ESL) market and have enhanced efficiency, and cost leadership. ESL systems that employ the use of artificial intelligence makes use of complicated methodologies to process retail data such as sales, stock and customer consumption pattern among others. Further, AI and Gen AI improved the overall service delivery of ESL systems by providing predictive maintenance and workflow optimization, ESL hardware issues can be identified early due to AI algorithms that locate abnormalities or probable failures, hence minimizing disruption of store operations. Gen AI tools can be beneficial for automating the layout of labels in connection with multilingual support or special marketing campaigns automatically without any human interaction at this level of refinement and optimization.

Electronic Shelf Labels Market

Global Electronic Shelf Labels Market Dynamics

DRIVER: - Electronic shelf labels facilitate reduced labor efforts

The latest versions of electronic shelf labels and tagging technology are the most interesting changes affecting the industry in recent years. This eliminates the cumbersome store work so that the workforce can focus on interacting with customers. This means no more long hours replacing tags of different sizes at corners and aisles. Store staff can engage in more interactive services by creating a friendly environment while assisting guests on the floor. The label management system can set up the schedule to switch different templates and change the price or data from immediate data integration from enterprise resource planning (ERP), point-of-sale (POS), or back-office systems. These changes can be controlled, logged, and reviewed with accuracy at any time by the store manager or the retail administrator. Owing to these factors, the growth in the number of retail stores globally is increasing, which is expected to further augment the market growth. For higher retail operational efficiency and better control over commodity information and price adjustments, owners and entrepreneurs are actively investing in the application and development of ESL solutions in the retail field.

RESTRAINTS: Lack of suitable infrastructures for wireless technologies

Retailers in developing regions are reluctant to invest in digital electronic tags as the operational cost of running modern retail is comparatively higher in developing countries such as India, Indonesia, Brazil, and in African countries. The ESL technology continues to be in the higher price range for Indian and African retailers as additional shelves that are "electrified" to accept ESL are not readily available from ESL vendors as cost-effective solutions. There is a lack of presence of ESL vendors in these countries compared to the US, Europe, and China, resulting in the lower penetration of ESL in these regions. Furthermore, although wireless and display technologies have improved from technical and cost perspectives, the problems persist. Dead spots in the store may exist if wireless coverage is not wide enough, allowing updates to be missed by some tags and requiring intervention from store staff. Tags placed in challenging environmental conditions, such as freezers, will be more expensive or fail more often, requiring staff attention. While tags can now be much larger, it is likely that not all signage will be replaced by the digital solution, leading to staff managing 2 platforms. Extra tags will need to be kept on-site to accommodate failed tags.

 

OPPORTUNITY: - Growth in Omnichannel Retail

In an omnichannel world, retailers must maintain price and product information integrity, across the online, mobile, and offline worlds. ESLs allow its retailers to update rapidly the prices, promotions and other product descriptions which are less time-consuming and less erroneous than rewriting on paper label. This also ensures that, no matter the method that the customer uses in navigating the sites, they see the correct information. Automating the pricing system enables store associates to spend minimal time performing comparatively less valuable tasks such as keeping track of the new price register. ESLs can also deliver information goods and services or messages including the product details, nutrition information, or special offers that make shopping more appealing.

Moreover, the connectivity of ESLs with omnichannel solutions provides advanced features, such as QR codes or NFC labels of shelf labels. The said features enable customers to receive more product information or the reviews of other buyers, or even make an order with the products that are out of stock via their smart phones, thereby making the shopping process more interactive. Retailers benefit by linking the offline environments and online spheres of interest to purchase and providing opportunities to engage customers.

CHALLENGE: - Growing trend of e-commerce

The growing trend of e-commerce is creating several challenges for Electronic Shelf Labels (ESL). As a result, with continuously growing popularity of online shopping, physical shops feel the heat to upgrade the in-store shopping experience and keep up with digital innovations. ESLs, use for price labeling and informing customers about the products in retail physical stores, are affected with the e-commerce trend. That is one of the main factors that have led to greater demand for accurate real-time pricing and inventory information. Since the e-commerce companies operate on dynamic pricing system depending on the requirements, place, and offers, similarly, the store outlets are also set to function in the same intensity.

Another issue stems out from the fact that in order for the marketing strategies to be effective the offline and online marketing platforms must be aligned. That is by the time consumer has been accustomed to surf through the web in search of product information and prices, they are in a position to do the same for physical products by looking for encoded information to display what they want to know on their particular product of interest.

Global Electronic Shelf Labels Market Ecosystem Analysis

Key players in this market include many reputed, profitable electronic shelf labels providers such as VusionGroup (France), SOLUM (South Korea), Pricer (Sweden), Displaydata Ltd. (UK), Teraoka Seiko Co., Ltd. (Japan). These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Along with the well-established companies, there are many small and medium companies operating in this market, such as TRUNO (US), Essor Technologies (India), and Henderson Technology (Ireland).

Top Companies in Electronic Shelf Labels Market
 

7 to 10 inches segment projected to register highest CAGR during forecast period.

The 7 to 10 inches segment is expected to witness the highest CAGR in the electronic shelf labels market during the forecast period attribute to its outstanding visibility and flexibility. These displays strike an optimal balance between compact design and sufficient display area, making them suitable for diverse retail applications. Due to their portability, retailers can effectively use the surfaces to display product information, pricing, upcoming promotions, contactless information through QR codes among other factors, all without obstructing the stores’ appearances.

7 to 10 inches displays are fast being adopted in regional stores especially supermarkets, hypermarkets, and departmental stores that showcases product information. The size allows the retailer to offer multi-line textual information, hi-resolution graphic images and even videos, which could be valuable for offering customers more details about the high-price products or for launching a number of advertisements for selected products. Furthermore, these displays can be easily installed in any shelving systems so that the retailers can be flexible in store layout and design.

They also indicate that the growing tendency towards the utilization of the digital shelf technologies and the best practices of smart retail are also simultaneously contributing to a requirement for mid-sized ESDs. These displays can adopt additional, highly-developed options, including wireless connection, connection to the inventory management system or, for instance, e-paper or LCD technology that increases their efficiency and profitability.

Fully Graphic E-paper Display type projected to experience rapid growth during forecast period.

The Fully Graphic E-paper display type is expected to witness the highest CAGR in the electronic shelf labels market during the forecast period. These displays with their similarity to paper and low power consumption are improved in virtually every way from more conventional LCD and LED technologies. These displays are higher in performance than segmented, or partial graphic, e-paper display offerings and capability for displaying detailed graphics, animations, and high-resolution images. Their efficiency in power utilization and their capacity to retain images without constant supply of power makes them suitable for use in devices that minimize on power use.

The way they can display variable price, product data and promotional content in real time has transformed the retail industry in managing stocks and attracting customers. The effect is very papery in appearance and its ability to adjust to varying luminosity levels and loss of productivity in the retail setting whether indoors or outdoors makes it exceedingly useful. In the broader electronics market, fully graphic e-paper displays are the trending displays used in applications such as e-readers, digital signs, and wearables.

Asia Pacific Projected to Record Highest CAGR in Electronic Shelf Labels Market

The Asia Pacific is estimated to register the highest CAGR during the forecast period. This growth is attributed to the rising demand of electronics as well as increased consumer spending and an improvement of shelf infrastructure. As the smart technologies spread throughout industries, the region has become an exciting manufacturing hub for the electronics industry. Governments around the world especially in China, India and other Southeast Asian countries are spending on digital transformation, a factor that is good for demand of electronics and solutions. A dynamic alteration in the structure of the ESLs in retailing industries is observed in the Asia Pacific region due to the introduction of supermarkets, hypermarkets, and more lately, through online subsidiaries. ESL facilitates dynamic pricing, inventory management and increase the rate of engaging the customers in this technologically advanced region. In addition, advanced technologies in shelf formation are fuelled by the expansion of the organized retail space and a growing sensibility in the organization of the stores to automate many of their operational structures.

LARGEST MARKET SHARE IN 2024
CHINA FASTER-GROWING MARKET IN REGION
Electronic Shelf Labels Market Size and Share

Recent Developments of Aircraft Platforms Market

  • In October 2024, Pricer ‘s partner JRTECH Solutions signed an agreement with Associated Grocers, Inc., is the leading grocery wholesaler company. This agreement focuses on the adoption of electronic shelf labels adoption in Canadian retail stores.
  • In September 2024, VusionGroup partnered with Médiaperformances the leading participators in retail media. This partnership was focused on revolutionizing Retail Media experiences within the stores. It incorporates a plan of creating a SaaS platform which implements loT solutions in the management and distribution of in-store campaigns.
  • In February 2024, Pricer partnered with PaperShell with the aim of making change in the electronics industry. We aim to work towards the creation of ESX Electronic Shelf Labels made from 100% bio based material and free from fossil components. The initiative is part of a multifaceted approach to defining sustainability in the electronics industry.
  • In January 2024, VusionGroup introduced new generative Al application in physical commerce marketing known as an important step forward for applying artificial intelligence to the context of physical retail spaces. This launch is a part of a greater trend in which generative Al is revolutionizing how companies interact with consumers and optimize processes.
  • In January 2024, Displaydata Ltd. signed a partnership with Ligna Energy The partnership was to transform retail technology through future smart ESL solutions.

Key Market Players

List of Top Electronic Shelf Labels Market Companies

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Scope of the Report

Report Attribute Details
Market size available for years 2020–2029
Base year considered 2023
Forecast period 2024–2029
Forecast units Value (USD Million/Billion)
Segments Covered By by component, product type, communication technology, display size, end-user, region
Regions covered North America, Europe, Asia Pacific, RoW

Key Questions Addressed by the Report

Which are the major companies in the electronic shelf labels market?
The major companies in the electronic shelf labels market are VusionGroup (France), SOLUM (South Korea), Pricer (Sweden), Displaydata Ltd. (UK), Teraoka Seiko Co., Ltd. (Japan).
What are the opportunities pertaining to the electronic shelf labels market?
Constantly growing retail sector, and digital disruptions facilitating the adoption of advanced retail solutions are expected to provide growth opportunities for market players offering ESLs.
What are the strategies adopted by key players?
Partnerships, product launches and developments, expansions, acquisitions, joint ventures, and agreements are the major organic and inorganic growth strategies adopted by key players in the market.
Name the emerging players in the electronic shelf labels market?
TRUNO (US), Essor Technologies (India), and Henderson Technology (Ireland) are the emerging players in the electronic shelf labels market.
What is the impact of Gen AI/AI on the electronic shelf labels market on a scale of 1-10 (1 - least impacted, 10 - most impactful)?

The Impacts are as follows

 Hypermarkets

     9.6

Supermarkets

     8.9

 Industrial

     8.1

 Warehouses

     7.5

 Other Retails

     7.0

 

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Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
INTRODUCTION
15
  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION AND SCOPE
    INCLUSIONS AND EXCLUSIONS
  • 1.3 STUDY SCOPE
    MARKETS COVERED
    GEOGRAPHIC SEGMENTATION
    YEARS CONSIDERED FOR THE STUDY
  • 1.4 CURRENCY
  • 1.5 LIMITATIONS
  • 1.6 STAKEHOLDERS
  • 1.7 SUMMARY OF CHANGES
RESEARCH METHODOLOGY
20
  • 2.1 RESEARCH DATA
    SECONDARY DATA
    - Major Secondary Sources
    - Key Data from Secondary Sources
    PRIMARY DATA
    - Primary Interviews with Experts
    - Key Data from Primary Sources
    - Key Industry Insights
    - Breakdown of Primaries
  • 2.2 MARKET SIZE ESTIMATION
    BOTTOM-UP APPROACH
    - Approach for Capturing Market Share by Bottom-Up Analysis (Demand Side)
    TOP-DOWN APPROACH
    - Approach for Capturing Market Share by Top-Down Analysis (Supply Side)
  • 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
  • 2.4 RESEARCH ASSUMPTIONS
  • 2.5 RISK ASSESSMENT
  • 2.6 LIMITATIONS OF RESEARCH
EXECUTIVE SUMMARY
25
PREMIUM INSIGHTS
30
MARKET OVERVIEW
39
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY DISPLAY SIZE
    AVERAGE SELLING PRICE TREND, BY REGION
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM ANALYSIS
  • 5.7 INVESTMENT AND FUNDING SCENARIO
  • 5.8 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - AI-Powered Dynamic Pricing Solutions
    - e-Paper Displays
    COMPLEMENTARY TECHNOLOGIES
    - Shelf Monitoring Software
    - Self-Scanning Solutions
    ADJACENT TECHNOLOGIES
    - Online Merge Offline
    - Endcap Shelf Edge Displays
  • 5.9 PATENT ANALYSIS
    TRADE ANALYSIS
    KEY CONFERENCES AND EVENTS (2024-2025)
    CASE STUDY ANALYSIS
    TARIFF AND REGULATORY LANDSCAPE
    - Tariff Data (HS Code: 853120) - Indicator panels with liquid crystal devices "LCD" or light emitting diodes "LED" (excl. those for cycles, motor vehicles and traffic signaling
    - Regulatory Bodies, Government Agencies, and Other Organizations
    - Regulatory Framework
    PORTERS FIVE FORCE ANALYSIS
    - Threat from New Entrants
    - Threat of Substitutes
    - Bargaining Power of Suppliers
    - Bargaining Power of Buyers
    - Intensity of Competitive Rivalry
    KEY STAKEHOLDERS AND BUYING CRITERIA
    - Key Stakeholders in Buying Process
    - Buying Criteria
    IMPACT OF AI/GEN AI ON ELECTRONIC SHELF LABELS MARKET
ELECTRONIC SHELF LABELS MARKET, BY COMPONENT
90
  • 6.1 INTRODUCTION
  • 6.2 DISPLAYS
  • 6.3 BATTERIES
  • 6.4 TRANSCEIVERS
  • 6.5 MICROPROCESSORS
  • 6.6 OTHER COMPONENTS (ANTENNAS, SWITCHES, PRINTED CIRCUIT BOARDS (PCBS))
ELECTRONIC SHELF LABELS MARKET, BY PRODUCT
110
  • 7.1 INTRODUCTION
  • 7.2 LIQUID CRYSTAL DISPLAYS (LCDS)
  • 7.3 SEGMENTED E-PAPER
  • 7.4 FULL GRAPHIC E-PAPER
ELECTRONIC SHELF LABELS MARKET, BY OFFERING
130
  • 8.1 INTRODUCTION
  • 8.2 HARDWARE
  • 8.3 SOFTWARE & SERVICES
    LABEL MANAGEMENT SOFTWARE
    INVENTORY AND STOCK MANAGEMENT SOFTWARE
ELECTRONIC SHELF LABELS MARKET, BY COMMUNICATION TECHNOLOGY
150
  • 9.1 INTRODUCTION
  • 9.2 RADIO FREQUENCY (RF)
  • 9.3 INFRARED
  • 9.4 NEAR-FIELD COMMUNICATION (NFC)
  • 9.5 OTHER COMMUNICATION TECHNOLOGIES
    BLUETOOTH LOW ENERGY (BLE)
    ZIGBEE
    WIRELESS LOCAL AREA NETWORK (WLAN)
    ELECTRONIC SHELF LABELS MARKET, BY DISPLAY SIZE
ELECTRONIC SHELF LABELS MARKET, BY DISPLAY SIZE
170
  • 10.1 INTRODUCTION
  • 10.2 LESS THAN 3 INCHES
  • 10.3 3 TO 7 INCHES
  • 10.4 7 TO 10 INCHES
  • 10.5 MORE THAN 10 INCHES
ELECTRONIC SHELF LABELS MARKET, BY END-USER
190
  • 11.1 INTRODUCTION
  • 11.2 RETAIL
    HYPERMARKETS
    SUPERMARKETS
    NON-RETAIL FOOD STORES
    SPECIALTY STORES
    OTHER RETAIL STORES
  • 11.3 INDUSTRIAL
ELECTRONIC SHELF LABELS MARKET, BY REGION
210
  • 12.1 INTRODUCTION
  • 12.2 NORTH AMERICA
    MACROECONOMIC OUTLOOK IN NORTH AMERICA
    US
    CANADA
    MEXICO
  • 12.3 EUROPE
    MACROECONOMIC OUTLOOK IN EUROPE
    UK
    GERMANY
    FRANCE
    ITALY
    REST OF EUROPE
  • 12.4 ASIA PACIFIC
    MACROECONOMIC OUTLOOK IN ASIA PACIFIC
    CHINA
    JAPAN
    SOUTH KOREA
    TAIWAN
    REST OF ASIA PACIFIC
  • 12.5 ROW
    MACROECONOMIC OUTLOOK IN ROW
    MIDDLE EAST & AFRICA
    - GCC Countries
    - Rest of Middle East & Africa
    SOUTH AMERICA
ELECTRONIC SHELF LABELS MARKET, COMPETITIVE LANDSCAPE
160
  • 13.1 KEY PLAYER STRATEGIES/RIGHT TO WIN
  • 13.2 REVENUE ANALYSIS
  • 13.3 MARKET SHARE ANALYSIS
  • 13.4 COMPANY VALUATION AND FINANCIAL METRICS
  • 13.5 PRODUCT/BRAND COMPARISON
  • 13.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT: KEY PLAYERS, 2023
    - Company Footprint
    - Region Footprint
    - Product Footprint
    - Display Size Footprint
    - End-user Footprint
  • 13.7 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    - Detailed List of Key Startups/SMEs
    - Competitive Benchmarking of Key Startups/SMEs
  • 13.8 COMPETITIVE SITUATION AND TRENDS
ELECTRONIC SHELF LABELS MARKET, COMPANY PROFILES
290
  • 14.1 KEY PLAYERS
    VUSIONGROUP
    SOLUM
    PRICER AB
    DISPLAYDATA
    TERAOKA SEIKO CO., LTD.
    M2COMM
    OPTICON
    PARTRON ESL
    SHANGHAI SUNMI TECHNOLOGY CO., LTD.
    - Hanshow
  • 14.2 OTHER PLAYERS
    DALIAN SERTAG TECHNOLOGY CO., LTD.
    MINEWTAG
    LABELNEST
    DIGETY
    ZKONG NETWORKS
    TRONITAG GMBH
    YALATECH
    SSSIND
    ALLSEE TECHNOLOGIES LIMITED
    - MOKOSmart
    - Future Shelf
    - Henderson Technology
    - ZhSunyco
    - NZ Electronic Shelf Labelling
    - LANCOM Systems GmbH
APPENDIX
300

The research study involved 4 major activities in estimating the size of the electronic shelf lables market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the supply chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s supply chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

In the electronic shelf lables market report, the global market size has been estimated using both the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding the electronic shelf lables market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions— North America, Europe, Asia Pacific, and the Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report. The breakdown of primary respondents is as follows:

Electronic Shelf Labels Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with data triangulation methods, have been used to estimate and validate the size of the electronic shelf labels and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Identifying different stakeholders in the electronic shelf labels market that influence the entire market, along participants across the value chain.
  • Analyzing major manufacturers of electronic shelf labels (OEMs) as well as studying their product portfolios
  • Analyzing trends related to the adoption of electronic shelf labels based on application
  • Tracking the recent and upcoming developments in the market that include investments, R&D activities, product launches, collaborations, mergers & acquisitions, and partnerships as well as forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to identify the adoption trends of electronic shelf labels
  • Segmenting the overall market into various other market segments
  • Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

Electronic Shelf Labels Market : Top-Down and Bottom-Up Approach

Electronic Shelf Labels Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market has been split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from the demand and supply sides in the electronic shelf lables market.

Market Definition

Electronic Shelf Labels (ESLs) are digital price tags that replace traditional paper labels in retail environments. They are fixed on the shelves and it is possible to post different information on them as price for products, motives for a sale, quantity in stock, and barcode numbers. The core of ESLs is based on e-paper technology, which facilitates proper information illumination and does not require additional external light sources. They provide instant information using wireless technologies whereby retailers can change prices, promotional campaigns and stock details of the whole store from one location. That minimizes the amount of handling required, increases the accuracy of the prices charged, and optimizes the processing functionality. Also, ESLs play a role in helping the sustainability causes through elimination of papers helps to cut paper usage and hence be more environmentally friendly as compared to paper based tag.

Key Stakeholders

  • Original equipment manufacturers (OEMs)
  • Raw material suppliers
  • System integrators
  • Product assembly and packaging vendors
  • Electronic shelf label software solution providers
  • Distributors
  • Research organizations
  • Market research and consulting firms
  • End Users

Report Objectives

  • To define, describe, segment, and forecast the electronic shelf lables market, by component, product type, communication technology, display size, end-user in terms of value
  • To forecast the market for display sizes, in terms of volume
  • To describe and forecast the market for various segments, with respect to four main regions: North America, Europe, Asia Pacific, RoW along with their respective countries, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the electronic shelf lables market
  • To provide a detailed overview of the electronic shelf labels market’s supply chain, along with the ecosystem, technology trends, use cases, regulatory environment, and Porter’s five forces analysis
  • To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the electronic shelf labels
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile the key players and comprehensively analyze their market shares and core competencies
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as product launches/developments, collaborations, partnerships, acquisitions, and research & development (R&D) activities carried out by players in the electronic shelf lables market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

  • Detailed analysis and profiling of additional market players (up to 5)

 

Previous Versions of this Report

Electronic Shelf Labels Market by Product Type (Fully Graphic E-paper Displays, LCDs, Segmented E-paper Displays), Application (Retail, Industrial), Communications Technology, Display Size, Component and Region - Global Forecast to 2028

Report Code SE 4073
Published in Feb, 2023, By MarketsandMarkets™

Electronic Shelf Label Market with Covid-19 Impact by Product Type (LCD, E-paper, Full-graphic E-paper), Communication (RF, IR, NFC), End User (Hypermarkets, Supermarkets, Specialty), Component, Display Size, and Geography - Global Forecast to 2026

Report Code SE 4073
Published in Jan, 2021, By MarketsandMarkets™

Electronic Shelf Label Market by Product Type (LCD, Segmented E-Paper, Full-Graphic E-Paper), Communication Technology (RF, IR, NFC), Store Type (Hypermarkets, Supermarkets, Others), Component, and Geography - Global Forecast to 2023

Report Code SE 4073
Published in Jan, 2018, By MarketsandMarkets™

Electronic Shelf Label Market by Product (LCD, Segmented, & Full Graphic E-Paper), Communication Technology (RF, IR, & NFC), Store Type (Hypermarkets, Supermarkets, Non-Food Retail, & Specialty Stores), Component and Geography - Global Forecast to 2020

Report Code SE 4073
Published in Feb, 2016, By MarketsandMarkets™

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Growth opportunities and latent adjacency in Electronic Shelf Labels Market

User

Sep, 2019

The increasing use of electronic shelf labels in hypermarkets, supermarkets, and specialty stores is gaining traction day by day. I would like to understand the growth rate and product type preferred in these stores. I would like to know the deciding factors for the selection of these particular product types in these stores. .

User

Sep, 2019

I am interested in understanding the market penetration of electronic shelf label's in North America, especially in the US and Canada. Does your report cover the companies based out in this region and their market share w.r.t to the other companies ? .

User

Sep, 2019

I would like to know about the major communication technologies in ESL and their market share as well. Has this information been included in your report? I am also interested in knowing the competitive landscape for this market..

User

Dec, 2021

we need cheaper solutions.

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