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Global Electronic Shelf Label Market: By Components: Displays, Batteries, Transceivers, Microprocessors, Others; By Product; By Display Size; By Communication Technology; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Electronic Shelf Label Market Outlook

The global electronic shelf label market reached a value of about USD 0.9 billion in 2021. The market is further estimated to grow at a CAGR of 21.40% in the forecast period of 2023-2028 to reach a value of around USD 2.88 billion by 2027.

 

Rising Demand for E-Papers to Propel the Market Growth of Electronic Shelf Label

Based on product, the demand for e-papers, owing to their exceptional benefits, has been increasing significantly. E-paper is being increasingly used in low-frequency switching displays such as electronic shelf labels because it offers a low-power paper-like display and ensures an ultra-long battery life. E-paper displays possess image memory and do not require power to maintain the display; they mostly need power when there is a change in the display. They provide multiple advantages, like high reflectivity, high contrast, readability, and a wider viewing angle. Also, electronic paper is a cheaper alternative to traditional paper label methods. The initiatives taken by market players to offer smart shelf labels are accelerating the market development. The increasing acceptance of e-paper in the expanding retail sector over traditional LCD screens for better reading experience as it reflects ambient light rather than emitting its own light is anticipated to stimulate the electronic shelf label market growth over the forecast period.

 

Market Segmentation

An electronic shelf label, also called a digital price tag, is a display system that is used by retailers to display the prices of products and other relevant information pertaining to the products.  It is attached to retail shelves and automatically updates the prices of goods through a local network, which enhances the customer experience. 

The market for electronic shelf label, by component, is divided into:

  • Displays
  • Batteries
  • Transceivers
  • Microprocessors
  • Others

Based on product, the market is bifurcated into:

  • Liquid Crystal Displays
  • E-Paper
    • Graphic E-Paper
    • Segment E-Paper

On the basis of display size, the market is segmented into:

  • Less than 3 Inches
  • 3 to 7 Inches
  • 7 to 10 Inches
  • More than 10 Inches

Based on communication technology, the market is classified into:

  • Radio Frequency    
  • Infrared
  • Near-field Communication
  • Others

On the basis of end use, the market is divided into:

  • Hypermarkets
  • Supermarkets
  • Non-food Retail Stores
  • Speciality Stores
  • Others

The regional markets for electronic shelf label can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Adoption of Automation in the Retail Sector to Drive the Market Growth of Electronic Shelf Label

The rapid adoption of automation in the retail sector is leading to the rising use of electronic shelf labels in speciality stores, supermarkets, and others, which is driving the electronic shelf label market growth. The electronic shelf label enables the smooth functioning of retail stores by reducing pricing management labour costs, eliminating manual labour, lowering operational costs, and improving pricing accuracy. It helps implement dynamic pricing solutions, enabling the stores to boost their sales by keeping up with the latest market trends and raising product prices. The engaging displays of electronic shelf labels enable businesses to implement better advertising campaigns and connect with smart customers. Additionally, it also plays a critical role in providing an enhanced customer experience by informing stock levels, displaying online prices, enabling ordering with QR codes, and displaying the reviews of products. Further, electronic shelf labels significantly reduce the use of raw materials associated with traditional methods, such as by replacing the paper with digital technology. This makes it a sustainable option and is leading to its increased adoption due to rising eco-consciousness. Over the forecast period, the integration of advanced technology like the Internet of Things and cloud computing in the retail sector is expected to further augment the market growth.

 

Key Players in the Global Market for Electronic Shelf Label

The report gives a detailed analysis of the following key players in the global electronic shelf label market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • E Ink Holdings Inc.
  • Pricer AB
  • Displaydata Limited
  • troniTAG GmbH
  • SES-imagotag Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Components
  • Product
  • Display Size
  • Communication Technology
  • End Use
  • Region
Breakup by Components
  • Displays
  • Batteries
  • Transceivers
  • Microprocessors
  • Others
Breakup by Product 
  • Liquid Crystal Displays
  • E-Paper
    • Graphic E-Paper
    • Segment E-Paper
Breakup by Display Size
  • Less than 3 Inches
  • 3 to 7 Inches
  • 7 to 10 Inches
  • More than 10 Inches
Breakup by Communication Technology
  • Radio Frequency    
  • Infrared
  • Near-field Communication
  • Others
Breakup by End Use
  • Hypermarkets
  • Supermarkets
  • Non-food Retail Stores
  • Speciality Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • E Ink Holdings Inc.
  • Pricer AB
  • Displaydata Limited
  • troniTAG GmbH
  • SES-imagotag Group
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Electronic Shelf Label Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electronic Shelf Label Historical Market (2018-2022) 
    8.3    Global Electronic Shelf Label Market Forecast (2023-2028)
    8.4    Global Electronic Shelf Label Market by Components
        8.4.1    Displays
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Batteries
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Transceivers
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Microprocessors
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Electronic Shelf Label Market by Product 
        8.5.1    Liquid Crystal Displays
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    E-Paper
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
            8.5.2.4    Breakup by Type
                8.5.2.4.1    Graphic E-Paper
                8.5.2.4.2    Segment E-Paper
    8.6    Global Electronic Shelf Label Market by Display Size
        8.6.1    Less than 3 Inches
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    3 to 7 Inches
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    7 to 10 Inches
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    More than 10 Inches
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
    8.7    Global Electronic Shelf Label Market by Communication Technology
        8.7.1    Radio Frequency    
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Infrared
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Near-field Communication
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    Global Electronic Shelf Label Market by End Use
        8.8.1    Hypermarkets
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022)
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Supermarkets
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022)
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Non-food Retail Stores
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022)
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Speciality Stores
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022)
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Others    
    8.9    Global Electronic Shelf Label Market by Region
        8.9.1    North America
            8.9.1.1    Market Share
            8.9.1.2    Historical Trend (2018-2022) 
            8.9.1.3    Forecast Trend (2023-2028)
        8.9.2    Europe
            8.9.2.1    Market Share
            8.9.2.2    Historical Trend (2018-2022) 
            8.9.2.3    Forecast Trend (2023-2028)
        8.9.3    Asia Pacific
            8.9.3.1    Market Share
            8.9.3.2    Historical Trend (2018-2022) 
            8.9.3.3    Forecast Trend (2023-2028)
        8.9.4    Latin America
            8.9.4.1    Market Share
            8.9.4.2    Historical Trend (2018-2022) 
            8.9.4.3    Forecast Trend (2023-2028)
        8.9.5    Middle East and Africa
            8.9.5.1    Market Share
            8.9.5.2    Historical Trend (2018-2022) 
            8.9.5.3    Forecast Trend (2023-2028)
9    North America Electronic Shelf Label Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Electronic Shelf Label Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Electronic Shelf Label Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Electronic Shelf Label Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Electronic Shelf Label Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    E Ink Holdings Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Pricer AB
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Displaydata Limited
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    troniTAG GmbH
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    SES-imagotag Group
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Electronic Shelf Label Market: Key Industry Highlights, 2018 and 2028
2.    Global Electronic Shelf Label Historical Market: Breakup by Components (USD Billion), 2018-2022
3.    Global Electronic Shelf Label Market Forecast: Breakup by Components (USD Billion), 2023-2028
4.    Global Electronic Shelf Label Historical Market: Breakup by Product (USD Billion), 2018-2022
5.    Global Electronic Shelf Label Market Forecast: Breakup by Product (USD Billion), 2023-2028
6.    Global Electronic Shelf Label Historical Market: Breakup by Display Size (USD Billion), 2018-2022
7.    Global Electronic Shelf Label Market Forecast: Breakup by Display Size (USD Billion), 2023-2028
8.    Global Electronic Shelf Label Historical Market: Breakup by Communication Technology (USD Billion), 2018-2022
9.    Global Electronic Shelf Label Market Forecast: Breakup by Communication Technology (USD Billion), 2023-2028
10.    Global Electronic Shelf Label Historical Market: Breakup by End Use (USD Billion), 2018-2022
11.    Global Electronic Shelf Label Market Forecast: Breakup by End Use (USD Billion), 2023-2028
12.    Global Electronic Shelf Label Historical Market: Breakup by Region (USD Billion), 2018-2022
13.    Global Electronic Shelf Label Market Forecast: Breakup by Region (USD Billion), 2023-2028
14.    North America Electronic Shelf Label Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    North America Electronic Shelf Label Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Europe Electronic Shelf Label Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Europe Electronic Shelf Label Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Asia Pacific Electronic Shelf Label Historical Market: Breakup by Country (USD Billion), 2018-2022
19.    Asia Pacific Electronic Shelf Label Market Forecast: Breakup by Country (USD Billion), 2023-2028
20.    Latin America Electronic Shelf Label Historical Market: Breakup by Country (USD Billion), 2018-2022
21.    Latin America Electronic Shelf Label Market Forecast: Breakup by Country (USD Billion), 2023-2028
22.    Middle East and Africa Electronic Shelf Label Historical Market: Breakup by Country (USD Billion), 2018-2022
23.    Middle East and Africa Electronic Shelf Label Market Forecast: Breakup by Country (USD Billion), 2023-2028
24.    Global Electronic Shelf Label Market Structure

Key Questions Answered in the Report

In 2021, the global electronic shelf label market attained a value of nearly USD 0.9 billion.

The market is assessed to grow at a CAGR of 21.40% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 2.88 billion by 2027.

The major market drivers include the expanding retail sector, rising inclination towards e-paper shelf labels, benefits such as enhanced customer experience, environment-friendly and sustainable nature, and enabling businesses to implement better advertising campaigns and connect with smart customers.

The key trends guiding the growth of the market include the rapid adoption of automation in the retail sector,  new product launches by market players, and growing technological advancements.

The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant components of electronic shelf label include displays, batteries, transceivers, and microprocessors, among others.

The various products of electronic shelf label include liquid crystal displays and e-paper.

The different display sizes of the product include less than 3 inches, 3 to 7 inches, 7 to 10 inches, and more than 10 inches.

The various communication technologies associated with electronic shelf label include radio frequency, infrared, and near-field communication, among others.

The major end uses of the product include hypermarkets, supermarkets, non-food retail stores, and speciality stores, among others.

The major players in the market are E Ink Holdings Inc., Pricer AB, Displaydata Limited, troniTAG GmbH, and SES-imagotag Group, among others.

Analyst Review

The global electronic shelf label market attained a value of nearly USD 0.9 billion in 2021, driven by the rapid adoption of automation in the retail sector and the exceptional benefits of electronic shelf labels. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 21.40%. The market is estimated to reach about USD 2.88 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for electronic shelf label, by component, is divided into displays, batteries, transceivers, and microprocessors, among others. Based on product, the market is bifurcated into liquid crystal displays and e-paper. On the basis of display size, the market is segmented into less than 3 inches, 3 to 7 inches, 7 to 10 inches, and more than 10 inches. Based on communication technology, the market is classified into radio frequency, infrared, and near-field communication, among others. On the basis of end use, the market is divided into hypermarkets, supermarkets, non-food retail stores, and speciality stores, among others. The major regional markets for electronic shelf label are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include E Ink Holdings Inc., Pricer AB, Displaydata Limited, troniTAG GmbH, and SES-imagotag Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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