Electronic shelf labels (ESL) are primarily utilized in retail sector providing capabilities to retailers for wirelessly update content on shelving signage quickly and efficiently. This not only increases operational efficiency of the store but also helps in cutting down manual staffing as well as manual work. Employment of ESL facilitates ability of dynamic pricing and promotional pricing to retailers, which is driven by responses from consumer traffic pattern. Traditional electronic shelves used liquid crystal displays (LCD), which was power intensive. The use of electronic paper display into ESL is one of the new trends being followed in the market. Furthermore, addition of more color patterns and features are being incorporated in the full-graphic E-Paper based ESLs.
The scope of the report discusses potential opportunities for key players to enter the global electronic shelf label market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features strategies adopted by key market players to maintain their foothold in the market.
The electronic shelf label market is segmented on the basis of product type, component, communication technology, store type, and region. By product type, the market is categorized into LCD, segmented e-paper, and full-graphic e-paper. By display size, it is categorized into less than 3-inch, 3-inch to 7-inch, 7-inch to 10-inch, and more than 10 inch. By component, it is divided into displays, batteries, transceivers, microprocessors, and others.
By communication technology, it is segmented into radio frequency, infrared, near field communication, and others. By store type, it is classified into hypermarkets, supermarkets, non-food retail stores, specialty stores, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The scope of the report discusses potential opportunities for key players to enter the global electronic shelf label market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features strategies adopted by key market players to maintain their foothold in the market.
The electronic shelf label market is segmented on the basis of product type, component, communication technology, store type, and region. By product type, the market is categorized into LCD, segmented e-paper, and full-graphic e-paper. By display size, it is categorized into less than 3-inch, 3-inch to 7-inch, 7-inch to 10-inch, and more than 10 inch. By component, it is divided into displays, batteries, transceivers, microprocessors, and others.
By communication technology, it is segmented into radio frequency, infrared, near field communication, and others. By store type, it is classified into hypermarkets, supermarkets, non-food retail stores, specialty stores, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electronic shelf label market analysis from 2021 to 2031 to identify the prevailing electronic shelf label market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the electronic shelf label market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global electronic shelf label market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Component
- Displays
- Batteries
- Transceiver
- Microprocessors
- Others
By Communication Technology
- Radio Frequency
- Infrared
- Near Field Communication
- Others
By Product Type
- LCD
- Segmented E-Paper
- Full-Graphic E-Paper
By Store Type
- Hypermarkets
- Supermarkets
- Non-Food Retail Stores
- Specialty Stores
- Others
By Display Size
- Less than 3 Inch
- 3 Inch to 7 Inch
- 7 Inch to 10 Inch
- More than 10 Inch
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East And Africa
Key Market Players
- Diebold Nixdorf, Incorporated
- Samsung Electro-Mechanics Co Ltd
- Pricer AB
- Displaydata Limited.
- Panasonic Corporation
- NCR Corporation
- SES-imagotag
- CLEARink Displays, Inc.
- SoluM Co., Ltd.
- E Ink Holdings Inc.
- M2Communication
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: ELECTRONIC SHELF LABEL MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 LCD
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Segmented E-Paper
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Full-Graphic E-Paper
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: ELECTRONIC SHELF LABEL MARKET, BY DISPLAY SIZE
5.1 Overview
5.1.1 Market size and forecast
5.2 Less than 3 Inch
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 3 Inch to 7 Inch
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 7 Inch to 10 Inch
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 More than 10 Inch
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country
CHAPTER 6: ELECTRONIC SHELF LABEL MARKET, BY COMPONENT
6.1 Overview
6.1.1 Market size and forecast
6.2 Displays
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Batteries
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Transceiver
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Microprocessors
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Others
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: ELECTRONIC SHELF LABEL MARKET, BY COMMUNICATION TECHNOLOGY
7.1 Overview
7.1.1 Market size and forecast
7.2 Radio Frequency
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Infrared
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Near Field Communication
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
7.5 Others
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market analysis by country
CHAPTER 8: ELECTRONIC SHELF LABEL MARKET, BY STORE TYPE
8.1 Overview
8.1.1 Market size and forecast
8.2 Hypermarkets
8.2.1 Key market trends, growth factors and opportunities
8.2.2 Market size and forecast, by region
8.2.3 Market analysis by country
8.3 Supermarkets
8.3.1 Key market trends, growth factors and opportunities
8.3.2 Market size and forecast, by region
8.3.3 Market analysis by country
8.4 Non-Food Retail Stores
8.4.1 Key market trends, growth factors and opportunities
8.4.2 Market size and forecast, by region
8.4.3 Market analysis by country
8.5 Specialty Stores
8.5.1 Key market trends, growth factors and opportunities
8.5.2 Market size and forecast, by region
8.5.3 Market analysis by country
8.6 Others
8.6.1 Key market trends, growth factors and opportunities
8.6.2 Market size and forecast, by region
8.6.3 Market analysis by country
CHAPTER 9: ELECTRONIC SHELF LABEL MARKET, BY REGION
9.1 Overview
9.1.1 Market size and forecast
9.2 North America
9.2.1 Key trends and opportunities
9.2.2 North America Market size and forecast, by Product Type
9.2.3 North America Market size and forecast, by Display Size
9.2.4 North America Market size and forecast, by Component
9.2.5 North America Market size and forecast, by Communication Technology
9.2.6 North America Market size and forecast, by Store Type
9.2.7 North America Market size and forecast, by country
9.2.7.1 U. S.
9.2.7.1.1 Market size and forecast, by Product Type
9.2.7.1.2 Market size and forecast, by Display Size
9.2.7.1.3 Market size and forecast, by Component
9.2.7.1.4 Market size and forecast, by Communication Technology
9.2.7.1.5 Market size and forecast, by Store Type
9.2.7.2 Canada
9.2.7.2.1 Market size and forecast, by Product Type
9.2.7.2.2 Market size and forecast, by Display Size
9.2.7.2.3 Market size and forecast, by Component
9.2.7.2.4 Market size and forecast, by Communication Technology
9.2.7.2.5 Market size and forecast, by Store Type
9.2.7.3 Mexico
9.2.7.3.1 Market size and forecast, by Product Type
9.2.7.3.2 Market size and forecast, by Display Size
9.2.7.3.3 Market size and forecast, by Component
9.2.7.3.4 Market size and forecast, by Communication Technology
9.2.7.3.5 Market size and forecast, by Store Type
9.3 Europe
9.3.1 Key trends and opportunities
9.3.2 Europe Market size and forecast, by Product Type
9.3.3 Europe Market size and forecast, by Display Size
9.3.4 Europe Market size and forecast, by Component
9.3.5 Europe Market size and forecast, by Communication Technology
9.3.6 Europe Market size and forecast, by Store Type
9.3.7 Europe Market size and forecast, by country
9.3.7.1 Germany
9.3.7.1.1 Market size and forecast, by Product Type
9.3.7.1.2 Market size and forecast, by Display Size
9.3.7.1.3 Market size and forecast, by Component
9.3.7.1.4 Market size and forecast, by Communication Technology
9.3.7.1.5 Market size and forecast, by Store Type
9.3.7.2 France
9.3.7.2.1 Market size and forecast, by Product Type
9.3.7.2.2 Market size and forecast, by Display Size
9.3.7.2.3 Market size and forecast, by Component
9.3.7.2.4 Market size and forecast, by Communication Technology
9.3.7.2.5 Market size and forecast, by Store Type
9.3.7.3 UK
9.3.7.3.1 Market size and forecast, by Product Type
9.3.7.3.2 Market size and forecast, by Display Size
9.3.7.3.3 Market size and forecast, by Component
9.3.7.3.4 Market size and forecast, by Communication Technology
9.3.7.3.5 Market size and forecast, by Store Type
9.3.7.4 Rest of Europe
9.3.7.4.1 Market size and forecast, by Product Type
9.3.7.4.2 Market size and forecast, by Display Size
9.3.7.4.3 Market size and forecast, by Component
9.3.7.4.4 Market size and forecast, by Communication Technology
9.3.7.4.5 Market size and forecast, by Store Type
9.4 Asia-Pacific
9.4.1 Key trends and opportunities
9.4.2 Asia-Pacific Market size and forecast, by Product Type
9.4.3 Asia-Pacific Market size and forecast, by Display Size
9.4.4 Asia-Pacific Market size and forecast, by Component
9.4.5 Asia-Pacific Market size and forecast, by Communication Technology
9.4.6 Asia-Pacific Market size and forecast, by Store Type
9.4.7 Asia-Pacific Market size and forecast, by country
9.4.7.1 Japan
9.4.7.1.1 Market size and forecast, by Product Type
9.4.7.1.2 Market size and forecast, by Display Size
9.4.7.1.3 Market size and forecast, by Component
9.4.7.1.4 Market size and forecast, by Communication Technology
9.4.7.1.5 Market size and forecast, by Store Type
9.4.7.2 China
9.4.7.2.1 Market size and forecast, by Product Type
9.4.7.2.2 Market size and forecast, by Display Size
9.4.7.2.3 Market size and forecast, by Component
9.4.7.2.4 Market size and forecast, by Communication Technology
9.4.7.2.5 Market size and forecast, by Store Type
9.4.7.3 South Korea
9.4.7.3.1 Market size and forecast, by Product Type
9.4.7.3.2 Market size and forecast, by Display Size
9.4.7.3.3 Market size and forecast, by Component
9.4.7.3.4 Market size and forecast, by Communication Technology
9.4.7.3.5 Market size and forecast, by Store Type
9.4.7.4 Singapore
9.4.7.4.1 Market size and forecast, by Product Type
9.4.7.4.2 Market size and forecast, by Display Size
9.4.7.4.3 Market size and forecast, by Component
9.4.7.4.4 Market size and forecast, by Communication Technology
9.4.7.4.5 Market size and forecast, by Store Type
9.4.7.5 Rest of Asia-Pacific
9.4.7.5.1 Market size and forecast, by Product Type
9.4.7.5.2 Market size and forecast, by Display Size
9.4.7.5.3 Market size and forecast, by Component
9.4.7.5.4 Market size and forecast, by Communication Technology
9.4.7.5.5 Market size and forecast, by Store Type
9.5 LAMEA
9.5.1 Key trends and opportunities
9.5.2 LAMEA Market size and forecast, by Product Type
9.5.3 LAMEA Market size and forecast, by Display Size
9.5.4 LAMEA Market size and forecast, by Component
9.5.5 LAMEA Market size and forecast, by Communication Technology
9.5.6 LAMEA Market size and forecast, by Store Type
9.5.7 LAMEA Market size and forecast, by country
9.5.7.1 Latin America
9.5.7.1.1 Market size and forecast, by Product Type
9.5.7.1.2 Market size and forecast, by Display Size
9.5.7.1.3 Market size and forecast, by Component
9.5.7.1.4 Market size and forecast, by Communication Technology
9.5.7.1.5 Market size and forecast, by Store Type
9.5.7.2 Middle East And Africa
9.5.7.2.1 Market size and forecast, by Product Type
9.5.7.2.2 Market size and forecast, by Display Size
9.5.7.2.3 Market size and forecast, by Component
9.5.7.2.4 Market size and forecast, by Communication Technology
9.5.7.2.5 Market size and forecast, by Store Type
CHAPTER 10: COMPANY LANDSCAPE
10.1. Introduction
10.2. Top winning strategies
10.3. Product Mapping of Top 10 Player
10.4. Competitive Dashboard
10.5. Competitive Heatmap
10.6. Key developments
CHAPTER 11: COMPANY PROFILES
11.1 Diebold Nixdorf, Incorporated
11.1.1 Company overview
11.1.2 Company snapshot
11.1.3 Operating business segments
11.1.4 Product portfolio
11.1.5 Business performance
11.1.6 Key strategic moves and developments
11.2 Samsung Electro-Mechanics Co Ltd
11.2.1 Company overview
11.2.2 Company snapshot
11.2.3 Operating business segments
11.2.4 Product portfolio
11.2.5 Business performance
11.2.6 Key strategic moves and developments
11.3 Pricer AB
11.3.1 Company overview
11.3.2 Company snapshot
11.3.3 Operating business segments
11.3.4 Product portfolio
11.3.5 Business performance
11.3.6 Key strategic moves and developments
11.4 Displaydata Limited.
11.4.1 Company overview
11.4.2 Company snapshot
11.4.3 Operating business segments
11.4.4 Product portfolio
11.4.5 Business performance
11.4.6 Key strategic moves and developments
11.5 Panasonic Corporation
11.5.1 Company overview
11.5.2 Company snapshot
11.5.3 Operating business segments
11.5.4 Product portfolio
11.5.5 Business performance
11.5.6 Key strategic moves and developments
11.6 NCR Corporation
11.6.1 Company overview
11.6.2 Company snapshot
11.6.3 Operating business segments
11.6.4 Product portfolio
11.6.5 Business performance
11.6.6 Key strategic moves and developments
11.7 SES-imagotag
11.7.1 Company overview
11.7.2 Company snapshot
11.7.3 Operating business segments
11.7.4 Product portfolio
11.7.5 Business performance
11.7.6 Key strategic moves and developments
11.8 CLEARink Displays, Inc.
11.8.1 Company overview
11.8.2 Company snapshot
11.8.3 Operating business segments
11.8.4 Product portfolio
11.8.5 Business performance
11.8.6 Key strategic moves and developments
11.9 SOLUM CO., LTD.
11.9.1 Company overview
11.9.2 Company snapshot
11.9.3 Operating business segments
11.9.4 Product portfolio
11.9.5 Business performance
11.9.6 Key strategic moves and developments
11.10 E Ink Holdings Inc.
11.10.1 Company overview
11.10.2 Company snapshot
11.10.3 Operating business segments
11.10.4 Product portfolio
11.10.5 Business performance
11.10.6 Key strategic moves and developments
11.11 m2communication inc.
11.11.1 Company overview
11.11.2 Company snapshot
11.11.3 Operating business segments
11.11.4 Product portfolio
11.11.5 Business performance
11.11.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Electronic Shelf Label Market,' the electronic shelf label market was valued at $825.06 million in 2021, and is estimated to reach $3.5 billion by 2031, growing at a CAGR of 15.5% from 2022 to 2031.Electronic shelf label (ESL) is a type of dynamic display system used by retailers to display product information in retail stores. This system transmits product information that is updated in central server using low power radio frequency (RF) through the gateway. Shelf label is an emerging technology globally, which can help to remove paper labels and automatically change the price tag every week.
In addition, it also removes inconsistencies between cash and shelf resister price and enable flexibility to make immediate price changes. Furthermore, each electronic shelf label (ESL) system has LCD or E-ink display that shows price and UPC of the products. These labels eliminate discrepancies in selling price of products and display reliable pricing to customers. ESL system has a wide range of applications in various stores such as hypermarkets, supermarkets, non-food retail stores, and specialty stores.
According to the electronic shelf label market analysis, trending automation in the retail industry is the key factor that drives electronic shelf label market growth of the electronic shelf label industry. Moreover, necessity for more cost-efficient and less time-consuming alternative to paper labels and the surge in demand for digital price tag fuels the market growth. In addition, increase in operational efficiency with real-time product positioning, owing to utilization of electronic shelf label boosts the market growth.
However, high installation and infrastructure cost restrain the growth of electronic shelf label market size. Moreover, low return on investments is also expected to impede growth of the electronic shelf label market. Furthermore, deployment of electronic shelf labels in retail stores allows retailers to update prices on the shelves instantaneously. It also helps them run real-time promotions involving comparison shopping, promotional prices, and promotional information. These features of electronic shelf labels help retailers to gain an edge in the competitive retail market, increase sales, and reduce operational costs of the store.
The major companies profiled in the report include E Ink Holdings Inc., Diebold Nixdorf, Incorporated, Samsung Electro-Mechanics, Pricer AB, Displaydata Limited, Panasonic Corporation, NCR Corporation, M2Communication, SES-imagotag, CLEARink Displays Inc. and SoluM Co. Ltd.
KEY FINDINGS OF THE STUDY
In 2021, the LCD segment was the major revenue contributor to the electronic shelf label industry, and is projected to grow at a notable CAGR of 14.55% during the forecast period.The displays and microprocessors segments together accounted for around 51.3% of the electronic shelf label market trends in 2021.
The specialty stores segment is projected to growth at a CAGR of 17.26% during the forecast period.
Europe contributed for the major electronic shelf label market share, accounting for more than 32.2% share in 2021.
Key players profiled in the report include E Ink Holdings Inc., Diebold Nixdorf, Incorporated, Samsung Electro-Mechanics, Pricer AB, Displaydata Limited, Panasonic Corporation, NCR Corporation, M2Communication, SES-imagotag, CLEARink Displays Inc. and SoluM Co. Ltd. Market players have adopted various strategies, such as product launch, collaboration& partnership, joint venture, and acquisition to expand their foothold in the electronic shelf label market.
Companies Mentioned
- Diebold Nixdorf, Incorporated
- Samsung Electro-Mechanics Co Ltd.
- Pricer Ab
- Displaydata Limited.
- Panasonic Corporation
- Ncr Corporation
- Ses-Imagotag
- Clearink Displays, Inc.
- Solum Co. Ltd.
- E Ink Holdings Inc.
- M2Communication
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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