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Electronic Shelf Label (ESL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

The global electronic shelf label market grew at a CAGR of around 21% during 2014-2019. An Electronic shelf label (ESL) system stands for a tool that is used by retailers to display specific product information and price on the shelves. It provides an electronic linkage between the store checkout system and product shelves, thereby ensuring accurate product pricing. Furthermore, the ESL system comes with high durability, prolonged shelf life, replaceable batteries, and can be updated from time to time without any hassle. Owing to the rising trend of automation, electronic shelf labels are widely adopted by all kinds of retail stores, including supermarkets, hypermarkets, specialty stores, departmental stores, etc.

Global Electronic Shelf Label Market

In recent times, the high prevalence of technological revolution across the retail industry of both the developed and developing regions have augmented the demand for ESL systems. Furthermore, the developing economies, such as China and India, have emerged as substantial markets for retail automation. Several retailers are adopting retail automation solutions for improved consumer satisfaction, automatic price updates, reduced operational and labor costs, and efficient store management. In addition to this, the rapid integration of full graphic e-papers with ESL systems has positively influenced the development of in-store communication solutions. Moreover, various technological advancements, for instance, the introduction of ESL systems based on radio frequency (RF) communication technology, are expected to fuel the growth of the global electronic shelf label market in the coming years.  Looking forward, the market is projected to reach a value of US$ 2,082.7 Million by 2025, registering a CAGR of 24.6% during 2020-2025.

Key Market Segments:

Breakup by Type:

  • Liquid Crystal Display (LCD)
  • Full Graphic E-Paper              
  • Segmented E-Paper
  • Others

 

Based on the type, the report finds that liquid crystal displays (LCDs) exhibit a clear dominance in the market, accounting for the majority of the global market share. Other popular types are full-graphic and segmented e-papers.

Breakup by Component:

  • Hardware 
  • Software
     

The market has been bifurcated based on the component into hardware and software. Hardware currently represents the most popular component.

Breakup by Technology:

  • Radiofrequency
  • Infrared
  • NFC
  • Others
     

On the basis of the technology, the market has been categorized into radiofrequency, infrared, near-field communication (NFC) and others. At present, the majority of ESLs are embedded with infrared technology.

Breakup by Application:

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Others
     

Based on the application, the market has been segregated into supermarkets and hypermarkets, convenience stores and others. Amongst these, ESLs are most widely utilized in supermarkets and hypermarkets.

Breakup by Region:

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East and Africa
     

Region-wise, North America holds the leading position in the market. Other major markets include Asia Pacific, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players.

  • Altierre Corporation
  • Diebold Nixdorf, Incorporated
  • DIGI System Gurgaon Pvt. Ltd.
  • Displaydata Limited
  • LG CNS
  • M2Communications D.O.O.
  • Panasonic Corporation
  • Pricer AB
  • Samsung Group
  • SES-imagotag SA

 

Key Questions Answered in This Report:

  • How has the electronic shelf label market performed so far and how will it perform in the coming years?
  • What is the breakup of electronic shelf label market based on the type?
  • What is the breakup of electronic shelf label market based on the component?
  • What is the breakup of electronic shelf label market based on the technology?
  • What is the breakup of electronic shelf label market based on the application?
  • What are the key regional markets?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the market?
  • What is the structure of the electronic shelf label market and who are the key players?
  • What is the degree of competition in the market?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Electronic Shelf Label Industry
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Forecast
6   Market Breakup by Type
     6.1     Liquid crystal display (LCD) 
        6.1.1    Market Trends
        6.1.2    Market Forecast    
    6.2      Full graphic E-paper                 
        6.2.1    Market Trends                                                
        6.2.2   Market Forecast                                                       
    6.3      Segmented E-paper 
        6.3.1     Market Trends
        6.3.2    Market Forecast    
    6.4      Others
        6.4.1    Market Trends
        6.4.2     Market Forecast    
7      Market Breakup by Component
    7.1    Hardware
        7.1.1    Market Trends
        7.1.2   Market Forecast
    7.2    Software
        7.2.1    Market Trends
        7.2.2    Market Forecast  
8      Market Breakup by Technology
    8.1    Radiofrequency
        8.1.1    Market Trends
        8.1.2    Market Forecast    
    8.2    Infrared
        8.2.1    Market Trends
        8.2.2    Market Forecast    
    8.3     NFC
        8.3.1    Market Trends
        8.3.2    Market Forecast    
    8.4     Others
        8.4.1    Market Trends
        8.4.2    Market Forecast    
9    Market Breakup by Application
    9.1     Supermarkets and Hypermarkets     
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Convenience store
        9.2.1    Market Trends
        9.2.2   Market Forecast
    9.3    Others 
        9.3.1    Market Trends 
        9.3.2    Market Forecast
10   Performance of Key Regions
    10.1   Europe
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2   North America  
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3   Asia Pacific
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4   Latin America
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5   Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Forecast    
11   SWOT Analysis
     11.1    Overview
     11.2    Strengths
     11.3    Weaknesses
     11.4    Opportunities
     11.5    Threats
12    Value Chain Analysis 
13    Porter’s Five Forces Analysis

     13.1    Overview
     13.2    Bargaining Power of Buyers
     13.3    Bargaining Power of Suppliers
     13.4    Degree of Competition
     13.5    Threat of New Entrants
     13.6    Threat of Substitutes
14    Competitive Landscape 
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Altierre corporation
        14.3.2    Diebold Nixdorf
        14.3.3    DIGI System Gurgaon Pvt. Ltd.
        14.3.4    Displaydata Ltd.
        14.3.5    LG CNS
        14.3.6    M2communications
        14.3.7    Panasonic
        14.3.8    Pricer
        14.3.9    Samsung
        14.3.10   SES Imagotag                      
 
List of Figures

Figure 1: Global: Electronic Shelf Label Market: Major Drivers and Challenges
Figure 2: Global: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 3: Global: Electronic Shelf Label Market: Breakup by Type (in %), 2019
Figure 4: Global: Electronic Shelf Label Market: Breakup by Component (in %), 2019
Figure 5: Global: Electronic Shelf Label Market: Breakup by Technology (in %), 2019
Figure 6: Global: Electronic Shelf Label Market: Breakup by Application (in %), 2019
Figure 7: Global: Electronic Shelf Label Market: Breakup by Region (in %), 2019
Figure 8: Global: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 9: Global: Electronic Shelf Label (Liquid Crystal Display) Market: Sales Value (in Million US$), 2014 & 2019
Figure 10: Global: Electronic Shelf Label (Liquid Crystal Display) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 11: Global: Electronic Shelf Label (Full Graphic E-Paper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Electronic Shelf Label (Full Graphic E-Paper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Electronic Shelf Label (Segmented E-Paper) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Electronic Shelf Label (Segmented E-Paper) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Electronic Shelf Label (Hardware) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Electronic Shelf Label (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Electronic Shelf Label (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Electronic Shelf Label (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Electronic Shelf Label (Radiofrequency) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Electronic Shelf Label (Radiofrequency) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Electronic Shelf Label (Infrared) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Electronic Shelf Label (Infrared) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Electronic Shelf Label (NFC) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Electronic Shelf Label (NFC) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Electronic Shelf Label (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Electronic Shelf Label (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Electronic Shelf Label (Convenience Stores) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Electronic Shelf Label (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Europe: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Europe: Electronic Shelf Label Market Forecast:  Sales Value (in Million US$), 2020-2025
Figure 37: North America: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: North America: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 39: Asia Pacific: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Asia Pacific: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 41: Middle East and Africa: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Middle East and Africa: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2020-2025 
Figure 43: Latin America: Electronic Shelf Label Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Latin America: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Global: Electronic Shelf Label Industry: SWOT Analysis
Figure 46: Global: Electronic Shelf Label Industry: Value Chain Analysis
Figure 47: Global: Electronic Shelf Label Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Electronic Shelf Label Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Electronic Shelf Label Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Electronic Shelf Label Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 4: Global: Electronic Shelf Label Market Forecast: Breakup by Technology (in Million US$), 2020-2025
Table 5: Global: Electronic Shelf Label Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Electronic Shelf Label Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 7: Global: Electronic Shelf Label Market: Competitive Structure
Table 8: Global: Electronic Shelf Label Market: Key Players

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