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Electronic Shelf Label Market Size, Share & Trends Analysis Report By Component (Displays, Batteries, Transceivers, Microprocessors), By Type, By Communication Technology, By Size, By Application, By Region, And Segment Forecasts, 2025 - 2033

Publisher Grand View Research
Published Aug 07, 2025
Length 120 Pages
SKU # GV20400152

Description

Electronic Shelf Label Market Summary

The global electronic shelf label market size was estimated at USD 1.85 billion in 2024 and is projected to reach USD 7.54 billion by 2033, growing at a CAGR of 17.4% from 2025 to 2033. The market is primarily driven by the rising adoption of automation in retail to improve pricing accuracy and operational efficiency.

In addition, the growing demand for real-time product information and dynamic pricing in omnichannel retailing is accelerating market growth. The global retail sector is undergoing a transformative shift toward automation to streamline operations, reduce labor costs, and improve pricing accuracy. Electronic Shelf Labels (ESLs) play a vital role in this evolution by enabling retailers to automate price updates across thousands of products in real time. Traditional manual price tagging is not only time-consuming but also error-prone, which can result in inconsistencies and customer dissatisfaction. By adopting ESLs, retailers can ensure uniform pricing across stores and reduce dependency on human labor for routine pricing updates. For example, leading retailers like Walmart and Carrefour have piloted ESL deployments to enhance price agility, especially during promotional campaigns and flash sales.

With the rise of omnichannel retail, where physical and digital shopping experiences are integrated, pricing consistency across platforms has become critical. ESLs help achieve this synchronization by linking directly with central pricing systems and inventory databases. Furthermore, retailers are increasingly embracing dynamic pricing strategies adjusting prices based on demand, competitor pricing, or inventory levels. ESLs allow such price changes to be reflected instantly on store shelves, providing a competitive advantage. For instance, in grocery chains, prices for perishable items can be reduced dynamically lower prices for perishable items based on their remaining shelf life, reducing waste and improving inventory turnover.

Beyond pricing, ESLs enhance the overall shopping experience by offering rich, contextual product information such as discounts, nutritional details, or product origin. Some ESLs now incorporate QR codes or NFC technology, allowing customers to access additional product data or promotional offers via their smartphones. This level of digital interactivity bridges the gap between physical and online shopping, catering to tech-savvy consumers who expect convenience and transparency. Retailers such as Best Buy and MediaMarkt have adopted ESLs with color e-paper displays and interactive elements to provide a more engaging and informative in-store experience, leading to higher customer satisfaction and loyalty.

Retailers are increasingly prioritizing sustainability as part of their business strategy, and ESLs align well with these goals. By replacing paper labels, ESLs help reduce paper consumption and associated waste, contributing to a more environmentally friendly operation. Over time, ESLs also offer cost savings through reduced labor and material costs. While the initial investment in ESL infrastructure may be high, the long-term return on investment is favorable, especially for large-scale retailers managing thousands of SKUs.

Global Electronic Shelf Label Market Report Segmentation

This report forecasts revenue growth at a global level and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electronic shelf label market report based on component, type, communication technology, size, application, and region:
  • Component Outlook (Revenue, USD Million, 2021 - 2033)
  • Displays
  • Batteries
  • Transceivers
  • Microprocessors
  • Others
  • Type Outlook (Revenue, USD Million, 2021 - 2033)
  • E-paper Displays
  • Graphic E-paper Displays
  • LCDs
  • Communication Technology Outlook (Revenue, USD Million, 2021 - 2033)
  • Radio Frequency
  • Infrared
  • Near-field Communications
  • Others
  • Size Outlook (Revenue, USD Million, 2021 - 2033)
  • ≤ 3 inches
  • 3 to 7 inches
  • 7 to 10 inches
  • ≥ 10 inches
  • Application Outlook (Revenue, USD Million, 2021 - 2033)
  • Retail
  • Industrial
  • Region Outlook (Revenue, USD Million, 2021 - 2033)
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Albania
  • Croatia
  • Greece
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Latin America
  • Brazil
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
Please note The report will be delivered in 4-8 business days upon order notification.

Table of Contents

120 Pages
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.1.1. Market Segmentation
1.1.2. Market Definition
1.2. Research Scope & Assumptions
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.7. List of Abbreviations
Chapter 2. Executive Summary
2.1. Market Snapshot, 2024 (USD Million)
2.2. Segmental Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Global Electronic Shelf Label Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.3.2. Manufacturing/Technology Trends
3.3.3. Sales Channel Analysis
3.3.4. Profit Margin Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenge Analysis
3.6. Business Environment Analysis
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTEL Analysis
3.7. Latest Trends & Emerging Opportunities in the Electronic Shelf Labels Market
Chapter 4. Global Electronic Shelf Label Market: Component Estimates & Trend Analysis
4.1. Key Takeaways
4.2. Component Movement Analysis & Market Share, 2024 & 2033
4.2.1. Displays
4.2.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.2.2. Batteries
4.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.2.3. Transceivers
4.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.2.4. Microprocessors
4.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
4.2.5. Others
4.2.5.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 5. Global Electronic Shelf Label Market: Type Estimates & Trend Analysis
5.1. Key Takeaways
5.2. Type Movement Analysis & Market Share, 2024 & 2033
5.2.1. E-paper Displays
5.2.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
5.2.2. Graphic E-paper Displays
5.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
5.2.3. LCDs
5.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 6. Global Electronic Shelf Label Market: Communication Technology Estimates & Trend Analysis
6.1. Key Takeaways
6.2. Communication Technology Movement Analysis & Market Share, 2024 & 2033
6.2.1. Radio Frequency
6.2.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
6.2.2. Infrared
6.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
6.2.3. Near-field Communications
6.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
6.2.4. Others
6.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 7. Global Electronic Shelf Label Market: Size Estimates & Trend Analysis
7.1. Key Takeaways
7.2. Size Movement Analysis & Market Share, 2024 & 2033
7.2.1. ≤ 3 inches
7.2.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.2. 3 to 7 inches
7.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.3. 7 to 10 inches
7.2.3.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
7.2.4. ≥ 10 inches
7.2.4.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 8. Global Electronic Shelf Label Market: Application Estimates & Trend Analysis
8.1. Key Takeaways
8.2. Application Movement Analysis & Market Share, 2024 & 2033
8.2.1. Retail
8.2.1.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
8.2.2. Industrial
8.2.2.1. Market estimates and forecasts, 2021 - 2033 (USD Million)
Chapter 9. Global Electronic Shelf Label Market: Region Estimates & Trend Analysis
9.1. Key Takeaways
9.2. Regional Movement Analysis & Market Share, 2024 & 2033
9.3. North America
9.3.1. North America Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.3.2. U.S.
9.3.2.1. U.S. Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.3.3. Canada
9.3.3.1. Canada Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.3.4. Mexico
9.3.4.1. Mexico Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4. Europe
9.4.1. Europe Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.2. Germany
9.4.2.1. Germany Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.3. UK
9.4.3.1. UK Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.4. France
9.4.4.1. France Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.5. Italy
9.4.5.1. Italy Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.6. Spain
9.4.6.1. Spain Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.7. Albania
9.4.7.1. Spain Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.8. Croatia
9.4.8.1. Spain Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.4.9. Greece
9.4.9.1. Spain Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5. Asia Pacific
9.5.1. Asia Pacific Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5.2. China
9.5.2.1. China Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5.3. India
9.5.3.1. India Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5.4. Japan
9.5.4.1. Japan Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5.5. South Korea
9.5.5.1. South Korea Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.5.6. Australia
9.5.6.1. Australia Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.6. Latin America
9.6.1. Latin America Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.6.2. Brazil
9.6.2.1. Brazil Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.7. Middle East & Africa
9.7.1. Middle East & Africa Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.7.2. Saudi Arabia
9.7.2.1. Saudi Arabia Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.7.3. UAE
9.7.3.1. UAE Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
9.7.4. South Africa
9.7.4.1. South Africa Electronic Shelf Label Market Estimates & Forecasts, 2021 - 2033 (USD Million)
Chapter 10. Competitive Landscape
10.1. Key Global Players & Recent Developments & Their Impact on the Industry
10.2. Vendor Landscape
10.2.1. Company Categorization
10.2.2. List of Key Distributors, Suppliers, and Channel Partners
10.2.3. List of Potential Customers/End-Users
10.3. Competitive Dynamics
10.3.1. Company Market Position Analysis
10.3.2. Company Heat Map Analysis
10.4. Strategy Mapping
10.4.1. Expansions
10.4.2. Mergers & Acquisitions
10.4.3. Collaborations
10.4.4. New Product Launches
10.4.5. Others
Chapter 11. Company Listing (Overview, Financial Performance, Product Overview)
11.1. Pricer
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.2. Panasonic Connect Co., Ltd.
11.2.1. Company Overview
11.2.2. Financial Performance
11.2.3. Product Benchmarking
11.3. SOLUM
11.3.1. Company Overview
11.3.2. Financial Performance
11.3.3. Product Benchmarking
11.4. VusionGroup
11.4.1. Company Overview
11.4.2. Financial Performance
11.4.3. Product Benchmark
11.5. Hangzhou Zkong Networks Co., Ltd.
11.5.1. Company Overview
11.5.2. Financial Performance
11.5.3. Product Benchmarking
11.6. Teraoka (Pty) Ltd
11.6.1. Company Overview
11.6.2. Financial Performance
11.6.3. Product Benchmarking
11.7. Displaydata Ltd
11.7.1. Company Overview
11.7.2. Financial Performance
11.7.3. Product Benchmarking
11.8. M2COMM
11.8.1. Company Overview
11.8.2. Financial Performance
11.8.3. Product Benchmarking
11.9. Opticon
11.9.1. Company Overview
11.9.2. Financial Performance
11.9.3. Product Benchmarking
11.10. Shanghai SUNMI Technology Co., Ltd.
11.10.1. Company Overview
11.10.2. Financial Performance
11.10.3. Product Benchmarking
11.11. ComQi
11.11.1. Company Overview
11.11.2. Financial Performance
11.11.3. Product Benchmarking
11.12. Hanshow Technology
11.12.1. Company Overview
11.12.2. Financial Performance
11.12.3. Product Benchmarking
11.13. SUNLUX IOT TECHNOLOGY(GUANGDONG) INC
11.13.1. Company Overview
11.13.2. Financial Performance
11.13.3. Product Benchmarking
11.14. Minewtag
11.14.1. Company Overview
11.14.2. Financial Performance
11.14.3. Product Benchmarking
11.15. YalaTech
11.15.1. Company Overview
11.15.2. Financial Performance
11.15.3. Product Benchmarking
11.16. Ynvisible Interactive Inc.
11.16.1. Company Overview
11.16.2. Financial Performance
11.16.3. Product Benchmarking
11.17. Delfi Technologies A/S
11.17.1. Company Overview
11.17.2. Financial Performance
11.17.3. Product Benchmarking
11.18. SEN SECURITY SOLUTIONS
11.18.1. Company Overview
11.18.2. Financial Performance
11.18.3. Product Benchmarking
11.19. Infotek Software & Systems (P) Ltd
11.19.1. Company Overview
11.19.2. Financial Performance
11.19.3. Product Benchmarking
11.20. Guangzhou Mengbian Information Technology Co., Ltd.
11.20.1. Company Overview
11.20.2. Financial Performance
11.20.3. Product Benchmarking

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