Electronic Shelf Label Market by Component (Batteries, E-ink Display, Microcontroller), Product Type (Full Graphic E-paper ESLs, LCD ESLs, Segmented E-paper ESLs), Technology, Display Size, Distribution Channel - Global Forecast 2024-2030

Electronic Shelf Label Market by Component (Batteries, E-ink Display, Microcontroller), Product Type (Full Graphic E-paper ESLs, LCD ESLs, Segmented E-paper ESLs), Technology, Display Size, Distribution Channel - Global Forecast 2024-2030


The Electronic Shelf Label Market size was estimated at USD 1.57 billion in 2023 and expected to reach USD 1.76 billion in 2024, at a CAGR 13.20% to reach USD 3.74 billion by 2030.

Retail stores use electronic shelf labels (ESLs) to display the prices of their products. Electronic shelf labels are designed to display product information such as the name, price, description, and other relevant data, and they can be easily updated wirelessly and in real time. ESLs consist of a small, battery-powered display attached to the edge of a shelf or a fixture and are controlled by a central server or a cloud-based platform communicating with the labels through wireless technologies, such as Wi-Fi or Bluetooth Low Energy (BLE). Stringent environmental regulation on the usage of paper and plastic is driving retailers worldwide to adopt electronic shelf labels that help in enhancing sales and brand value. The ongoing automation in the retail sector is expanding the adoption of electronic shelf labels across retail stores, such as appliance stores, convenience stores, department stores, and supermarkets. However, high installation and limited supportive infrastructure hamper electronic shelf labels market growth. Increasing the introduction of wireless standards for the electronic shelf label (ESL) is expected to create opportunities for the growth of the market.

Regional Insights

The increasing adaptation of automation and Internet of Things (IoT) services in retail sectors with favorable governmental rules and regulations across the United States, Canada, Mexico, and Brazil has boosted the need for electronic shelf labels. The Asia-Pacific region's retail sector is revamping its business operations by adopting cutting-edge technologies such as artificial intelligence, big data analytics, augmented reality, virtual reality, and robots to play in the digital transformation of retail stores across emerging nations. Gofrugal's marketing team, a cloud ERP company for retail businesses currently working with over 40000 Kirana stores across India, announced 5,000+ businesses in the next six months in July 2021 with the entire Kirana ecosystem adaptation such as a perpetual inventory management solution, the first step toward creating a supply chain equilibrium. Thus, an increase in efforts for retail automation is expected to create a platform for electronic shelf labels in Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Electronic Shelf Label Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Electronic Shelf Label Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Electronic Shelf Label Market, highlighting leading vendors and their innovative profiles. These include ADVANTECH AE, Diebold Nixdorf, Incorporated, Digety UG (limited liability) & Co. KG, Displaydata Limited, Epishine AB, Guangzhou Mengbian Information Technology Co., Ltd., Hangzhou Ontime I.T. Co., Ltd., Hangzhou Zkong Network Technology Co., Ltd., Hanshow Technology Co., Ltd., LabelNest, LANCOM Systems GmbH, MOKOsmart, NZ Electronic Shelf Labelling, Opticon Sensors Europe B.V., Panasonic Connect Europe GmbH, Pricer AB, Retail Solutions Pro DBA, S&K Solutions GmbH & Co. KG, Sen Security Solutions, Ses-Imagotag, Shanghai Sunmi Technology Co., Ltd., Shenzhen Minew Technologies Co., Ltd., Silicon Laboratories, Inc., SoluM Europe GmbH, SureSolutions by Deki Electronics Ltd, Teraoka Seiko Co., Ltd., TroniTAG GmbH, YalaTech Co., Ltd., and ZhSunyco.

Market Segmentation & Coverage

This research report categorizes the Electronic Shelf Label Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Batteries

E-ink Display

Microcontroller

Microprocessors

Radio

Transceiver
Product Type
Full Graphic E-paper ESLs

LCD ESLs

Segmented E-paper ESLs
Technology
Infrared

Near Field Communication

Radio Frequency
Display Size
3 to 7 Inches

7 to 10 Inches

Less than 3 Inches

More than 10 Inches
Distribution Channel
Convenience Stores

Hypermarkets

Non-Food Retail Stores

Specialty Stores
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas

Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam

Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Electronic Shelf Label Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Electronic Shelf Label Market?
3. What are the technology trends and regulatory frameworks in the Electronic Shelf Label Market?
4. What is the market share of the leading vendors in the Electronic Shelf Label Market?
5. Which modes and strategic moves are suitable for entering the Electronic Shelf Label Market?PDF E-mail From Publisher (2-5)Users License


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Electronic Shelf Label Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Expanding retail automation with integration of advanced technologies including AI, and IoT
5.1.1.2. Demand for E-Papers instead of traditional paper labeling due to the increasing environmental concerns
5.1.1.3. Government initiatives on digitalization and the adoption of electronic shelf label
5.1.2. Restraints
5.1.2.1. High initial cost and battery issue associated with electronic shelf labels
5.1.3. Opportunities
5.1.3.1. Increasing technological advancements in electronic shelf label to improve performance and accuracy
5.1.3.2. Growing adoption of Near-field communication (NFC) based devices
5.1.4. Challenges
5.1.4.1. Security and privacy risk with electronic shelf labels
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Electronic Shelf Label Market, by Component
6.1. Introduction
6.2. Batteries
6.3. E-ink Display
6.4. Microcontroller
6.5. Microprocessors
6.6. Radio
6.7. Transceiver
7. Electronic Shelf Label Market, by Product Type
7.1. Introduction
7.2. Full Graphic E-paper ESLs
7.3. LCD ESLs
7.4. Segmented E-paper ESLs
8. Electronic Shelf Label Market, by Technology
8.1. Introduction
8.2. Infrared
8.3. Near Field Communication
8.4. Radio Frequency
9. Electronic Shelf Label Market, by Display Size
9.1. Introduction
9.2. 3 to 7 Inches
9.3. 7 to 10 Inches
9.4. Less than 3 Inches
9.5. More than 10 Inches
10. Electronic Shelf Label Market, by Distribution Channel
10.1. Introduction
10.2. Convenience Stores
10.3. Hypermarkets
10.4. Non-Food Retail Stores
10.5. Specialty Stores
11. Americas Electronic Shelf Label Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Electronic Shelf Label Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam
13. Europe, Middle East & Africa Electronic Shelf Label Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
14.3.1. Agreement, Collaboration, & Partnership
14.3.1.1. Pricer And Epishine in Strategic Partnership to Set The Foundation for the Next Generation Sustainable Light-Powered Electronic Shelf Labels.
14.3.1.2. Qualcomm and SES-imagotag Collaborated on Standards-based Electronic Shelf Labels (ESLs) to Enhance Retail Experiences
14.3.1.3. ETAG Tech Selects Atmosic’s Bluetooth Low Energy Solutions for its Electronic Shelf Label Portfolio.
14.3.1.4. Jumbo And Hanshow Announced A New Partnership To Digitize Over 700 Stores.
14.3.2. New Product Launch & Enhancement
14.3.2.1. Aldi and Lidl Roll Out Electronic Shelf Labels.
14.3.2.2. ICA Malmborgsgruppen Chooses Next-Generation Electronic Shelf Labels.
14.3.2.3. Hanshow Presents New IoT Technologies at EuroShop 2023.
14.3.2.4. Bluetooth SIG Introduced Wireless Standard for Electronic Shelf Label Market.
14.3.2.5. AFS Launches Electronic Shelf Label Test.
14.3.3. Award, Recognition, & Expansion
14.3.3.1. Dan Murphy's to Expand Electronic Shelf Labels After Trial.
14.3.3.2. Delhaize Digitally Transforms its Store Network with Hanshow Using Azure.
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. ADVANTECH AE
15.1.2. Diebold Nixdorf, Incorporated
15.1.3. Digety UG (limited liability) & Co. KG
15.1.4. Displaydata Limited
15.1.5. Epishine AB
15.1.6. Guangzhou Mengbian Information Technology Co., Ltd.
15.1.7. Hangzhou Ontime I.T. Co., Ltd.
15.1.8. Hangzhou Zkong Network Technology Co., Ltd.
15.1.9. Hanshow Technology Co., Ltd.
15.1.10. LabelNest
15.1.11. LANCOM Systems GmbH
15.1.12. MOKOsmart
15.1.13. NZ Electronic Shelf Labelling
15.1.14. Opticon Sensors Europe B.V.
15.1.15. Panasonic Connect Europe GmbH
15.1.16. Pricer AB
15.1.17. Retail Solutions Pro DBA
15.1.18. S&K Solutions GmbH & Co. KG
15.1.19. Sen Security Solutions
15.1.20. Ses-Imagotag
15.1.21. Shanghai Sunmi Technology Co., Ltd.
15.1.22. Shenzhen Minew Technologies Co., Ltd.
15.1.23. Silicon Laboratories, Inc.
15.1.24. SoluM Europe GmbH
15.1.25. SureSolutions by Deki Electronics Ltd
15.1.26. Teraoka Seiko Co., Ltd.
15.1.27. TroniTAG GmbH
15.1.28. YalaTech Co., Ltd.
15.1.29. ZhSunyco
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. ELECTRONIC SHELF LABEL MARKET RESEARCH PROCESS
FIGURE 2. ELECTRONIC SHELF LABEL MARKET SIZE, 2023 VS 2030
FIGURE 3. ELECTRONIC SHELF LABEL MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. ELECTRONIC SHELF LABEL MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. ELECTRONIC SHELF LABEL MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. ELECTRONIC SHELF LABEL MARKET DYNAMICS
FIGURE 7. ELECTRONIC SHELF LABEL MARKET SIZE, BY COMPONENT, 2023 VS 2030 (%)
FIGURE 8. ELECTRONIC SHELF LABEL MARKET SIZE, BY COMPONENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. ELECTRONIC SHELF LABEL MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 10. ELECTRONIC SHELF LABEL MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. ELECTRONIC SHELF LABEL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 12. ELECTRONIC SHELF LABEL MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. ELECTRONIC SHELF LABEL MARKET SIZE, BY DISPLAY SIZE, 2023 VS 2030 (%)
FIGURE 14. ELECTRONIC SHELF LABEL MARKET SIZE, BY DISPLAY SIZE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. ELECTRONIC SHELF LABEL MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2030 (%)
FIGURE 16. ELECTRONIC SHELF LABEL MARKET SIZE, BY DISTRIBUTION CHANNEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES ELECTRONIC SHELF LABEL MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES ELECTRONIC SHELF LABEL MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA ELECTRONIC SHELF LABEL MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. ELECTRONIC SHELF LABEL MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. ELECTRONIC SHELF LABEL MARKET SHARE, BY KEY PLAYER, 2023

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