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Electronic Shelf Label (ESL) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global electronic shelf label market size reached US$ 730.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,017.9 Million by 2027, exhibiting a growth rate (CAGR) of 18.53% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global electronic shelf label market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, component, technology and application.

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 employ radiofrequency technology.

Breakup by Application:

  • Supermarkets and 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, Europe 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 SAS
  • Diebold Nixdorf, Incorporated
  • DIGI System Gurgaon Pvt. Ltd.
  • Displaydata Limited
  • LG CNS
  • M2C Communication doo Belgrade
  • Panasonic Corporation
  • Pricer AB
  • Samsung Electronics
  • SES-imagotag
     

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Type, Component, Technology, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Altierre SAS, Diebold Nixdorf, Incorporated, DIGI System Gurgaon Pvt. Ltd., Displaydata Ltd., LG CNS, M2C Communication doo Belgrade, Panasonic Corporation, Pricer AB, Samsung Electronics and SES-Imagotag
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global electronic shelf label market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global electronic shelf label market?
  • What is the breakup of the global electronic shelf label market based on the type?
  • What is the breakup of the global electronic shelf label market based on the component?
  • What is the breakup of the global electronic shelf label market based on the technology?
  • What is the breakup of the global 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 global 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    Impact of COVID-19
    5.4    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 Stores
        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 SAS
        14.3.2    Diebold Nixdorf, Incorporated
        14.3.3    DIGI System Gurgaon Pvt. Ltd.
        14.3.4    Displaydata Limited
        14.3.5    LG CNS
        14.3.6    M2C Communication doo Belgrade
        14.3.7    Panasonic Corporation
        14.3.8    Pricer AB
        14.3.9    Samsung Electronics
        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$), 2016-2021
Figure 3: Global: Electronic Shelf Label Market: Breakup by Type (in %), 2021
Figure 4: Global: Electronic Shelf Label Market: Breakup by Component (in %), 2021
Figure 5: Global: Electronic Shelf Label Market: Breakup by Technology (in %), 2021
Figure 6: Global: Electronic Shelf Label Market: Breakup by Application (in %), 2021
Figure 7: Global: Electronic Shelf Label Market: Breakup by Region (in %), 2021
Figure 8: Global: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Electronic Shelf Label (Liquid Crystal Display) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Electronic Shelf Label (Liquid Crystal Display) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Electronic Shelf Label (Full Graphic E-Paper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Electronic Shelf Label (Full Graphic E-Paper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Electronic Shelf Label (Segmented E-Paper) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Electronic Shelf Label (Segmented E-Paper) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Electronic Shelf Label (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Electronic Shelf Label (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Electronic Shelf Label (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Electronic Shelf Label (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Electronic Shelf Label (Radiofrequency) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Electronic Shelf Label (Radiofrequency) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Electronic Shelf Label (Infrared) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Electronic Shelf Label (Infrared) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Electronic Shelf Label (NFC) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Electronic Shelf Label (NFC) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Electronic Shelf Label (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Electronic Shelf Label (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Electronic Shelf Label (Convenience Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Electronic Shelf Label (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Electronic Shelf Label (Others) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Electronic Shelf Label (Others) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Europe: Electronic Shelf Label Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Europe: Electronic Shelf Label Market Forecast:  Sales Value (in Million US$), 2022-2027
Figure 37: North America: Electronic Shelf Label Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Asia Pacific: Electronic Shelf Label Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Asia Pacific: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2022-2027 
Figure 41: Middle East and Africa: Electronic Shelf Label Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Middle East and Africa: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Latin America: Electronic Shelf Label Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Latin America: Electronic Shelf Label Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Electronic Shelf Label Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Electronic Shelf Label Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: Global: Electronic Shelf Label Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Electronic Shelf Label Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Electronic Shelf Label Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Electronic Shelf Label Market: Competitive Structure
Table 8: Global: Electronic Shelf Label Market: Key Players


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