The Global Electronic Shelf Label Market is estimated to witness a rise in revenue from US$ 956.6 Mn in 2021 to US$ 5930.6 Mn by 2030. The market is registering a CAGR of 23.0% during the forecast period 2022-2030. Moreover, in terms of volume, the global electronic shelf label market is expected to project a CAGR of 16.0% during the forecast period 2022-2030.
The electronic shelf label market is used by retailers to display product information in the retail store as they are cost-effective and less time-consuming. The primary materials used in the manufacturing of electronic shelf labels are LED screens, batteries, security devices, control systems, and sensors, along with wire, connectors, switches, and others.
Market Dynamics
The major factor responsible for the growth of the global electronic shelf label market includes increasing demands for retail automation globally and increasing adoption of NFC technology. Automation in the retail industry has grown in popularity as a result of technological improvements. Moreover, the usage of NFC in electronic shelf labels is increasing in the retail industry, as it is both energy-efficient and cost-effective. NFC is an embedded technology that uses proximity to simplify transactions, data sharing, and short connections. Furthermore, the increasing adoption of advanced technology creates a lucrative growth opportunity for the market. However, high installation costs and supporting infrastructure expenditure, and cheap labor costs in economically developing countries restrict the electronic shelf label market.
Report Summary
The study of the Global Electronic Shelf Label Market considers various market determinants, industry value chain analysis and competitor analysis of the market. The report discusses the analysis of the electronic shelf label industry for the period 2017-2030, where the base year is 2021 and the forecast period is 2022-2030. The report provides a detailed analysis of the global electronic shelf label market across 20 Chapters and 329 pages. The report includes data presentation across 113 tables and 182 statistical figures.
The report provides PESTLE analysis, which is a tool to examine the external market environment factors that have an impact on the industry. The PESTLE analysis examines the Political, Economic, Social, Technological, Environmental, and Legal factors in the external environment. Thus, sufficiently examining the threats and weaknesses of the industry. The research report also provides Porter’s five forces analysis wherein the bargaining power of buyers is the low and competitive rivalry is high.
The subsequent section provides details of the market analysis based on different segments such as component, display type, communication, power, color, display size, store type, retail format, and region. The report includes a detailed study of the value chain of the industry. It includes raw material providers, manufacturers, distributors/providers, and end-users. The report also covers extensively the key competitors in the market for the global electronic shelf label market.
Key Takeaways from the Global Electronic Shelf Label (ESL) Market Report
Competitive Landscape
The key players in the Global Electronic Shelf Label Market are NZ Electronic Shelf Labelling, Panasonic Corporation, NCR Corporation, M2Communication, Diebold Nixdorf, SES-imagotag, Pricer AB, E Ink Holdings, Displaydata, Samsung Electronics Co. Ltd, Opticon Sensors Europe BV and Teraoka Seiko among others. Through extensive research, it is found that big players have adopted various competitive strategies such as mergers & acquisitions in order to have a grip of an emerging market. Furthermore, leading companies are expanding their geographical boundaries by acquiring small brands and domestic companies.
Segmentation Overview
Global Electronic Shelf Label Market is segmented based on component, display type, communication, power, color, display size, store type, retail format, and region. The industry trends in the global electronic shelf label market are sub-divided into different categories in order to get a holistic view of the global marketplace.
Following are the different segments of the Global Electronic Shelf Label Market:
By Component segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Display Type segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Communication segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Power segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Color segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Display Size segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Store Type segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Retail Format segment of the Global Electronic Shelf Label Market is sub-segmented into:
By Region segment of the Global Electronic Shelf Label Market is sub-segmented into:
ESL is a wireless, paperless, accurate technique that allows retailers to instantaneously update price changes on the shelves and checkout stands of one or multiple stores.
The ESL process involves the use of a liquid crystal device that replaces paper shelf labels at the retailer’s shelf edge.
ESL management system helps store chains in strategic and dynamic price management as this system includes hardware like base stations, transceivers, and electronic shelf labels.
Estimated market size of the global electronic shelf label market was US$ 956.6 Million in 2021.
Europe held the major share in terms of revenue, in the global electronic shelf label market in 2021.
Factors such as increasing demands for retail automation and increasing adoption of NFC technology drive the growth in the global electronic shelf label market.
High installation cost and supporting infrastructure expenditure and cheap labor costs in economically developing countries is a restraining factor that inhibits the growth of the market.
The label management software segment is expected to project the highest CAGR over the forecast period in the electronic shelf label market.
UK held the major share in the Europe electronic shelf label market in 2021.
The increasing adoption of advanced technology creates a lucrative growth opportunity for the market.
Component, display type, communication, power, color, display size, store type, retail format, and region are covered in the global electronic shelf label market.
NZ Electronic Shelf Labelling, Panasonic Corporation, NCR Corporation, M2Communication, Diebold Nixdorf, SES-imagotag, Pricer AB, E Ink Holdings, Displaydata, Samsung Electronics Co. Ltd, Opticon Sensors Europe BV, and Teraoka Seiko among others.
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| Report ID: AA0622272 
