Electronic Shelf Label Global Market Is Expected To Grow At A Rate Of More Than 16% Through 2023 – 2027
2 Jun, 2023
The global electronic shelf label market size is expected to grow from $0.96 billion in 2022 to $1.14 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electronic shelf label market size is expected to reach $2.10 billion in 2027 at a CAGR of 16.5%.
Global Electronic Shelf Label Market Key Driver
The increasing usage of automation in the retail industry is projected to drive future growth in the electronic shelf label market. The use of technology and equipment to optimise procedures and maintain operational efficiency is referred to as automation in the retail industry. It can be used for inventory management, customer service, self-checkout, and supply chain management, among other things. Electronic shelf labels (ESLs) are a useful retail automation tool that helps merchants manage prices, promotions, and inventory more efficiently while also giving customers with a better shopping experience.
Get a sample of the global electronic shelf label market reportGlobal Electronic Shelf Label Market Segments
The global electronic shelf label market is segmented:
1) By Component: Displays, Batteries, Transceivers, Microprocessors
2) By Product Type: LCDs (Liquid-Crystal Display), Segmented E-peper Displays, Fully Graphic E-paper Displays
3) By Display Size: Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches, More than 10 Inches
4) By Communications Technology: Radio Frequency, Infrared, Near-field Communication, Other Technologies
5) By Application: Supermarket, Convenience Store, Departmental Store, Specialty Store, Pharmacies
6) By Geography: The regions covered in the electronic shelf label market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Europe accounts for the largest share in the global electronic shelf label market.
Major Electronic Shelf Label Industry Players
SES-imagotag, Pricer AB, E Ink Holdings Inc., Displaydata Limited, M2COMM, Solu M ESL, Diebold Nixdorf, Opticon Sensors Europe B.V., Teraoka Seiko Co Ltd., MinewTag, Panasonic Holdings Corporation, NCR Corporation, LG Innotek Co. Ltd., CLEARink Displays Inc., Shanghai SUNMI Technology Co. Ltd., troniTAG GmbH
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Electronic Shelf Label Market Overview
An electronic shelf label (ESL) is a digital display used in retail stores to display product information such as price, promotions, and product details. Electronic shelf labels (ESLs) are primarily used to display pricing and product information.
Electronic Shelf Label Global Market Report 2023 provides data on the global electronic shelf label market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The electronic shelf label market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.