Electronic Shelf Labels Market: By Product, By Technology, By Application and  Geography  

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Electronic Shelf Labels Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (LCD ESL, Segmented E-Paper ESL, Full Graphic E-Paper ESL), By Technology (RF, IR, NFC and Others), By Application (Industrial, Commercial) and  Region  

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Electronic Shelf Labels Market size was valued at US$ 878.1 million in 2023 and is poised to grow at a CAGR of 22.9% from 2024-2030. The report provides a detailed overview of the global electronic shelf labels market, and that can be segmented by Product, by Technology, by Application. By product, the global electronic shelf labels market has been segmented into LCD ESL, Segmented E-Paper ESL, Full Graphic E-Paper ESL. The LCD ESL Electronic shelf labels segment is likely to be the largest and fastest-growing segment in terms of product. Based on technology, the global electronic shelf labels market is segmented into RF, IR, NFC and others. Among these, the RF segment is expected to have the fastest-growing market from forecast period 2024-2030. Based on application, the global electronic shelf labels market is segmented into Industrial, Commercial. The industrial segment accounts for the largest share in 2021. The commercial segment is the second-largest share during the forecast period 2024-2030.  

Electronic Shelf Labels Market Key Developments: 
  • In July 2020, Pricer AB will act as the Canadian Tire Dealer Association's (CTDA's) sole supplier of electronic shelf label systems under the terms of a Master Framework Agreement agreed by Pricer AB and the CTDA. In accordance with the contract, Pricer's initial delivery will include the installation of ESL equipment in 38 locations around the country.
  • In Feb 2020, Hanshow Technology and Bison Schweiz AG, a Swiss company, signed a distribution agreement in order to collaborate on strengthening the German and Swiss markets, According to their agreement, the companies will work together to further digitization trends in the European retail industry by integrating top-tier ESL systems from Bison with world-class ESL solutions from Hanshow.

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Electronic Shelf Labels Market Summary

Study Period

2024-30

Base Year

2023

CAGR

22.9%

Largest Market

Asia Pacific

Fastest Growing Market

North America

Electronic Shelf Labels Market Dynamics

The use of automation in the retail sector is primarily affected by factors including the development of new distribution channels, wage growth, and increased investments in e-commerce. Electronic shelf labelling, self-checkout terminals, self-checking robots, and automated backroom unloading have all been shown to be highly profitable for retailers and effective on a big scale burgeon the market growth over the forecast years.

Electronic Shelf Labels Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-30

Market Size in 2023

US$ 878.1 million

Market CAGR

22.9%

By Product

  • LCD ESL
  • Segmented E-Paper ESL
  • Full Graphic E-Paper ESL

By Technology

  • RF
  • IR
  • NFC
  • Others

By Application

  • Industrial
  • Commercial

Key Features of the Report

  • The electronic shelf labels market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

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Frequently Asked Questions

The global electronic shelf labels market size is valued at US$ 878.1 million in 2023 and is expected to grow at a prominent growth rate from forecast period 2024 to 2030

Proliferation of technologies and increased consumer satisfaction are opportunities in the market for lucrative growth worldwide.

The major key players of the market are SES-imagotag (France), Pricer AB (Sweden), E Ink Holdings Inc., (Taiwan), Displaydata Limited (U.K.), M2COMM (Taiwan), SAMSUNG (South Korea), Diebold Nixdorf, Incorporated (U.S.), Opticon Sensors Europe B.V. (Netherlands), Teraoka Seiko Co., Ltd., (Japan), and NZ Electronic Shelf Labelling (New Zealand), Advantech Co., Ltd (Taiwan), FORBIX SEMICON (India), LANCOM Systems GmbH (Germany), SOLUM Group HQ (Germany), Cicor Management AG (Switzerland) and CSY Retail Systems Ltd (U.K.).

1. Executive Summary
2. Global Electronic Shelf Labels Market Introduction
2.1. Global Electronic Shelf Labels Market Taxonomy
2.2. Global Electronic Shelf Labels Market Definitions
2.2.1. Product
2.2.2. Technology
2.2.3. Application
3. Global Electronic Shelf Labels Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Electronic Shelf Labels Market Dynamic Factors - Impact Analysis
3.6. Global Electronic Shelf Labels Market Competition Landscape
4. Global Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Electronic Shelf Labels Market, By Product, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
5.1. LCD ESL
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Segmented E-Paper ESL
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Full Graphic E-Paper ESL
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Electronic Shelf Labels Market Forecast, By Technology, 2019 - 2023 and Forecast, 2024 - 2030
6.1. RF
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. IR
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. NFC
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Others
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Electronic Shelf Labels Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
7.1. Industrial
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Commercial
7.2.1. Hypermarket
7.2.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.1.3. Market Opportunity Analysis
7.2.2. Supermarket
7.2.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.2.3. Market Opportunity Analysis
7.2.3. Non-Food Retail
7.2.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3.3. Market Opportunity Analysis
8. Global Electronic Shelf Labels Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Electronic Shelf Labels Market - Opportunity Analysis Index, By Product, By Technology, By Application and Region, 2024 - 2030
9. North America Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
9.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. LCD ESL
9.1.2. Segmented E-Paper ESL
9.1.3. Full Graphic E-Paper ESL
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. RF
9.2.2. IR
9.2.3. NFC
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Industrial
9.3.2. Commercial
9.3.2.1. Hypermarket
9.3.2.2. Supermarket
9.3.2.3. Non-Food Retail
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Electronic Shelf Labels Market - Opportunity Analysis Index, By Product, By Technology, By Application and Country, 2024 - 2030
9.6. North America Electronic Shelf Labels Market Dynamics Trends
10. Europe Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. LCD ESL
10.1.2. Segmented E-Paper ESL
10.1.3. Full Graphic E-Paper ESL
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. RF
10.2.2. IR
10.2.3. NFC
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Industrial
10.3.2. Commercial
10.3.2.1. Hypermarket
10.3.2.2. Supermarket
10.3.2.3. Non-Food Retail
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Electronic Shelf Labels Market - Opportunity Analysis Index, By Raw Material Type, End -Use and Country, 2024 - 2030
10.6. Europe Electronic Shelf Labels Market Dynamics Trends
11. Asia-Pacific Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
11.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. LCD ESL
11.1.2. Segmented E-Paper ESL
11.1.3. Full Graphic E-Paper ESL
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. RF
11.2.2. IR
11.2.3. NFC
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Industrial
11.3.2. Commercial
11.3.2.1. Hypermarket
11.3.2.2. Supermarket
11.3.2.3. Non-Food Retail
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Electronic Shelf Labels Market - Opportunity Analysis Index, By Product, By Technology, By Application and Country, 2024 - 2030
11.6. Asia-Pacific Electronic Shelf Labels Market Dynamics Trends
12. Latin America Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
12.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. LCD ESL
12.1.2. Segmented E-Paper ESL
12.1.3. Full Graphic E-Paper ESL
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. RF
12.2.2. IR
12.2.3. NFC
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Industrial
12.3.2. Commercial
12.3.2.1. Hypermarket
12.3.2.2. Supermarket
12.3.2.3. Non-Food Retail
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Electronic Shelf Labels Market - Opportunity Analysis Index, By Product, By Technology, By Application and Country, 2024 - 2030
12.6. Latin America Electronic Shelf Labels Market Dynamics Trends
13. Middle East and Africa Electronic Shelf Labels Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) 
13.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. LCD ESL
13.1.2. Segmented E-Paper ESL
13.1.3. Full Graphic E-Paper ESL
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. RF
13.2.2. IR
13.2.3. NFC
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Industrial
13.3.2. Commercial
13.3.2.1. Hypermarket
13.3.2.2. Supermarket
13.3.2.3. Non-Food Retail
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Electronic Shelf Labels Market - Opportunity Analysis Index, By Product, By Technology, By Application and Country, 2024 - 2030
13.6. MEA Electronic Shelf Labels Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Feedstock Material & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. E Ink Holdings Inc.
14.2.2. Herbert Retail Limited
14.2.3. Advantech Inc.
14.2.4. Altierre Corporation
14.2.5. Displaydata Limited
14.2.6. Opticon Sensors Europe B.V.
14.2.7. New Zealand Electronic Shelf Labelling Ltd.
14.2.8. Diebold Nixdorf Incorporated
14.2.9. Teraoka Seiko Co., Ltd.
14.2.10. Hanshow Technology Co., Ltd
14.2.11. LG Innotek
14.2.12. M2COMM
14.2.13. SoluM
14.2.14. SES-imagotag
14.2.15. Samsung Electronics Co. Ltd.
14.2.16. Pricer AB
15. Research Methodology
16. Key Assumptions and Acronyms

Key Market Players

  • E Ink Holdings Inc
  • Herbert Retail Limited
  • Advantech
  • Altierre Corporation
  • Displaydata Limited
  • Opticon Sensors Europe B.V.
  • New Zealand Electronic Shelf Labelling Ltd.
  • Diebold Nixdorf Incorporated
  • Teraoka Seiko Co., Ltd.
  • Hanshow Technology Co., Ltd
  • LG Innotek
  • M2COMM
  • SoluM
  • SES-imagotag
  • Samsung Electronics Co. Ltd.
  • Pricer AB

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