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Global Electronic Shelf Label Market Size Study, by Component (Displays, Batteries, Transceivers, Microprocessors, Others), by Type (LCDs, E-paper Displays, Graphic E-paper Displays), by Communication Technology (Radio Frequency, Infrared, Near-field Comm

Publisher Bizwit Research & Consulting
Published Jan 13, 2025
Length 285 Pages
SKU # BIZW19502968

Description

Global Electronic Shelf Label Market Size Study, by Component (Displays, Batteries, Transceivers, Microprocessors, Others), by Type (LCDs, E-paper Displays, Graphic E-paper Displays), by Communication Technology (Radio Frequency, Infrared, Near-field Communications, Others), by Size (≤3 Inches, 3 to 7 Inches, 7 to 10 Inches, ≥10 Inches), by Application (Retail, Industrial), and Regional Forecasts 2022-2032


The global electronic shelf label (ESL) market is valued at approximately USD 2.08 billion in 2023 and is expected to grow at an impressive CAGR of 12.3% over the forecast period 2022-2032. ESLs are revolutionizing the retail industry by providing real-time, automated, and digital solutions for displaying product information, prices, and promotions. These innovative systems are replacing traditional paper labels, driving operational efficiency, and improving the customer experience.

The growing demand for automation in retail, coupled with advancements in e-paper display technology, is driving market growth. Significant investments by retailers, such as Walmart's plans to implement ESLs across 500 stores, highlight the increasing adoption of these systems to optimize inventory management and reduce labor costs. Rising paper prices and labor shortages are also pushing retailers to adopt digital solutions, further contributing to market expansion.

ESLs are gaining popularity across various industries due to their energy-efficient and customizable features. E-paper displays, which dominate the market, offer high visibility and minimal energy consumption, ensuring long-term cost-effectiveness for retailers. The ability of ESLs to streamline pricing management and enhance customer engagement has made them a cornerstone of modern retail automation.

Regionally, North America leads the market with a significant share, driven by high labor costs and fluctuating paper supplies. Meanwhile, the Asia-Pacific region is projected to witness the fastest growth, fueled by the rapid adoption of Industry 4.0 technologies and the expansion of retail infrastructure in countries like China, India, and Japan.

Major market players included in this report:
• VusionGroup
• Zkong Networks
• SOLUM
• Pricer AB
• Teraoka (Pty.) Ltd.
• Displaydata Ltd.
• M2COMM
• Opticon
• RAINUS
• SUNMI Technology Co., Ltd.
• Hanshow Technology
• Delfi Technologies A/S
• Ynvisible Interactive Inc.
• SUNLUX IOT TECHNOLOGY (GUANGDONG) INC.
• Guangzhou Mengbian Information Technology Co., Ltd.

Detailed Market Segmentation:

By Component:
• Displays
• Batteries
• Transceivers
• Microprocessors
• Others

By Type:
• LCDs
• E-paper Displays
• Graphic E-paper Displays

By Communication Technology:
• Radio Frequency
• Infrared
• Near-field Communications
• Others

By Size:
• ≤3 Inches
• 3 to 7 Inches
• 7 to 10 Inches
• ≥10 Inches

By Application:
• Retail
• Industrial

By Region:
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Spain
• Asia-Pacific
China
India
Japan
South Korea
Australia
• Central & South America
Brazil
Argentina
• Middle East & Africa
Saudi Arabia
UAE

Years considered for the study are as follows:
• Historical year: 2022
• Base year: 2023
• Forecast period: 2024-2032

Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional-level analysis for each market segment.
• Detailed insights into technological advancements, including e-paper and RFID innovations.
• Comprehensive competitive landscape profiling major market players.
• Exploration of trends such as automation in retail and sustainable practices in labeling.
• Demand-side and supply-side analysis to understand market drivers and challenges.
• In-depth regional analysis highlighting growth opportunities in emerging markets.

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Table of Contents

285 Pages
Chapter 1. Global Electronic Shelf Label Market Executive Summary
1.1. Global Electronic Shelf Label Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Component
1.3.2. By Type
1.3.3. By Communication Technology
1.3.4. By Size
1.3.5. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Electronic Shelf Label Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.4. Demand Side Analysis
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Electronic Shelf Label Market Dynamics
3.1. Market Drivers
3.1.1. Growing Adoption of Automation in Retail
3.1.2. Rising Cost of Labor and Paper Products
3.1.3. Advances in Display Technologies
3.2. Market Challenges
3.2.1. High Initial Setup Costs
3.2.2. Limited Awareness in Emerging Markets
3.3. Market Opportunities
3.3.1. Integration with IoT and AI Technologies
3.3.2. Expansion in Emerging Retail Markets
Chapter 4. Global Electronic Shelf Label Market, By Component
4.1. Segment Dashboard
4.2. Market Revenue Trend Analysis, 2022 & 2032 (USD Million)
4.2.1. Displays
4.2.2. Batteries
4.2.3. Transceivers
4.2.4. Microprocessors
4.2.5. Others
Chapter 5. Global Electronic Shelf Label Market, By Type
5.1. Segment Dashboard
5.2. Market Revenue Trend Analysis, 2022 & 2032 (USD Million)
5.2.1. LCDs
5.2.2. E-paper Displays
5.2.3. Graphic E-paper Displays
Chapter 6. Global Electronic Shelf Label Market, By Communication Technology
6.1. Segment Dashboard
6.2. Market Revenue Trend Analysis, 2022 & 2032 (USD Million)
6.2.1. Radio Frequency
6.2.2. Infrared
6.2.3. Near-field Communications
6.2.4. Others
Chapter 7. Global Electronic Shelf Label Market, By Size
7.1. Segment Dashboard
7.2. Market Revenue Trend Analysis, 2022 & 2032 (USD Million)
7.2.1. ≤3 Inches
7.2.2. 3 to 7 Inches
7.2.3. 7 to 10 Inches
7.2.4. ≥10 Inches
Chapter 8. Global Electronic Shelf Label Market, By Application
8.1. Segment Dashboard
8.2. Market Revenue Trend Analysis, 2022 & 2032 (USD Million)
8.2.1. Retail
8.2.2. Industrial
Chapter 9. Global Electronic Shelf Label Market, By Region
9.1. North America
9.1.1. U.S.
9.1.2. Canada
9.1.3. Mexico
9.2. Europe
9.3. Asia-Pacific
9.4. Central & South America
9.5. Middle East & Africa
Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.2. Top Market Strategies
10.3. Company Profiles
List of Tables
1. Market Revenue Forecasts by Region, 2022-2032 (USD Million)
2. Revenue Share Analysis by Type, 2022-2032
3. Application-Wise Revenue Distribution, 2022-2032
4. Component-Wise Contribution to Market Growth, 2022-2032
5. Retail vs. Industrial Adoption of ESL, 2022-2032
List of Figures
1. Revenue Distribution by Region, 2023
2. Share of E-paper Displays in the Market, 2022 & 2032
3. Retail Automation Trends with ESL Adoption, 2022-2032
4. Communication Technology Usage Breakdown, 2023
5. Regional Snapshot of ESL Adoption, 2022-2032

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