Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Rising Demand for E-Papers to Propel the Market Growth of Electronic Shelf Label

Based on product, the demand for e-papers, owing to their exceptional benefits, has been increasing significantly. E-paper is being increasingly used in low-frequency switching displays such as electronic shelf labels because it offers a low-power paper-like display and ensures an ultra-long battery life. E-paper displays possess image memory and do not require power to maintain the display; they mostly need power when there is a change in the display. They provide multiple advantages, like high reflectivity, high contrast, readability, and a wider viewing angle. Also, electronic paper is a cheaper alternative to traditional paper label methods. The initiatives taken by market players to offer smart shelf labels are accelerating the market development. The increasing acceptance of e-paper in the expanding retail sector over traditional LCD screens for better reading experience as it reflects ambient light rather than emitting its own light is anticipated to stimulate the electronic shelf label market growth over the forecast period.

 

Rising Adoption of Automation in the Retail Sector to Drive the Market Growth of Electronic Shelf Label

The rapid adoption of automation in the retail sector is leading to the rising use of electronic shelf labels in speciality stores, supermarkets, and others, which is driving the electronic shelf label market growth. The electronic shelf label enables the smooth functioning of retail stores by reducing pricing management labour costs, eliminating manual labour, lowering operational costs, and improving pricing accuracy. It helps implement dynamic pricing solutions, enabling the stores to boost their sales by keeping up with the latest market trends and raising product prices. The engaging displays of electronic shelf labels enable businesses to implement better advertising campaigns and connect with smart customers. Additionally, it also plays a critical role in providing an enhanced customer experience by informing stock levels, displaying online prices, enabling ordering with QR codes, and displaying the reviews of products. Further, electronic shelf labels significantly reduce the use of raw materials associated with traditional methods, such as by replacing the paper with digital technology. This makes it a sustainable option and is leading to its increased adoption due to rising eco-consciousness. Over the forecast period, the integration of advanced technology like the Internet of Things and cloud computing in the retail sector is expected to further augment the market growth.

 

Electronic Shelf Label Market Report Snapshots

Electronic Shelf Label Market Size

Electronic Shelf Label Market Growth

Electronic Shelf Label Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global electronic shelf label market attained a value of nearly USD 1.33 billion.

The market is assessed to grow at a CAGR of 21.4% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 7.59 billion by 2032.

The major market drivers include the expanding retail sector, rising inclination towards e-paper shelf labels, benefits such as enhanced customer experience, environment-friendly and sustainable nature, and enabling businesses to implement better advertising campaigns and connect with smart customers.

The key trends guiding the growth of the market include the rapid adoption of automation in the retail sector,  new product launches by market players, and growing technological advancements.

The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The significant components of electronic shelf label include displays, batteries, transceivers, and microprocessors, among others.

The various products of electronic shelf label include liquid crystal displays and e-paper.

The different display sizes of the product include less than 3 inches, 3 to 7 inches, 7 to 10 inches, and more than 10 inches.

The various communication technologies associated with electronic shelf label include radio frequency, infrared, and near-field communication, among others.

The major end uses of the product include hypermarkets, supermarkets, non-food retail stores, and speciality stores, among others.

The major players in the market are E Ink Holdings Inc., Pricer AB, Displaydata Limited, troniTAG GmbH, and SES-imagotag Group, among others.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

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