PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568834
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1568834
Electronic Shelf Label Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Electronic Shelf Label Market size will record over 14.7% CAGR between 2024 and 2032, due to improvements in NFC, Bluetooth low energy (BLE), and Wi-Fi for enhancing functionality and reliability for faster and more secure data transmission. Advances in e-paper and e-ink technology are making electronic shelf labels (ESLs) more energy-efficient whilst extending battery life and reducing maintenance costs. For example, in April 2023, E Ink launched E Ink Spectra 6, its new color product for paper sign replacement. The integration of these labels with IoT devices is further enabling smart shelf solutions, where inventory levels are automatically monitored and replenished to automate retail operations.
The electronic shelf label industry is segmented into product, technology, application, and region.
By technology, the industry value from the NFC segment will witness a lucrative growth rate from 2024 to 2032. With NFC technology, customers can directly engage with ESLs through their smartphones. Tapping their phone on an NFC-enabled label grants them access to in-depth product details, reviews, tailored offers, and promotional content. Such engagement not only enriches the shopping experience but also fortifies the relationships of retailers with their customers.
With respect to application, the ESL market size from the industrial segment will showcase considerable expansion over 2024-2032. ESL can be used to display real-time information about inventory levels on shelves in warehouses and storage areas, allowing workers to quickly assess stock levels while reducing the likelihood of stockouts or overstocking. Rising usage to label workstations and components on the production line to display relevant information, such as production status, next steps, or quality control instructions will also drive the segment growth.
North America electronic shelf label industry size will witness expansion through 2032. Several retailers in the region are embracing ESLs as integral components of their digital transformation journeys. By linking ESLs with inventory management systems, they can update prices in real-time and minimize manual errors. The development of energy-efficient displays, such as e-paper or electronic ink has also made ESLs more cost-effective and sustainable across the region.
Table of Contents
Chapter 1 Scope and Methodology
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Technology and innovation landscape
- 3.4 Patent analysis
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.8 Growth drivers
- 3.8.1 Retail digital transformation
- 3.8.2 Expansion of omnichannel retailing
- 3.8.3 Increasing demand for smart stores
- 3.8.4 Technological advancements in ESLs
- 3.8.5 Cost Reduction And Operational Efficiency
- 3.9 Industry pitfalls and challenges
- 3.9.1 High initial investment costs
- 3.9.2 Technological and compatibility issues
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
- 3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Company market share analysis
- 4.2 Competitive positioning matrix
- 4.3 Strategic outlook matrix
Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 (USD Million)
- 5.1 Key trends
- 5.2 LCD ESL
- 5.3 Segmented E-paper ESL
- 5.4 Full Graphic E-paper ESL
Chapter 6 Market Estimates and Forecast, By Technology, 2021 - 2032 (USD Million)
- 6.1 Key trends
- 6.2 RF
- 6.3 IR
- 6.4 NFC
- 6.5 Others
Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million)
- 7.1 Key trends
- 7.2 Industrial
- 7.3 Commercial
- 7.3.1 Hypermarket
- 7.3.2 Supermarket
- 7.3.3 Non-food retail
- 7.3.4 Others
Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 South Africa
- 8.6.4 Rest of MEA
Chapter 9 Company Profiles
- 9.1 Advantech Co. Ltd.
- 9.2 Barco NV
- 9.3 Brother Industries Ltd.
- 9.4 CenTrak Inc.
- 9.5 Cisco Systems Inc.
- 9.6 Diebold Nixdorf
- 9.7 DisplayData Limited
- 9.8 E Ink Holdings Inc.
- 9.9 Hanshow Technology Co. Ltd.
- 9.10 Herbert Ltd.
- 9.11 Honeywell International Inc.
- 9.12 Intel Corporation
- 9.13 LG Innotek
- 9.14 NEC Corporation
- 9.15 NXP Semiconductors N.V.
- 9.16 Opticon Sensors Europe B.V.
- 9.17 Panasonic Corporation
- 9.18 Pricer AB
- 9.19 Samsung Electronics Co. Ltd.
- 9.20 SATO Holdings Corporation
- 9.21 SES-Imagotag
- 9.22 Sharp Corporation
- 9.23 SoluM Co. Ltd
- 9.24 Toshiba TEC Corporation
- 9.25 Zebra Technologies Corporation
