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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Electronic Shelf Label Market Size
The global electronic shelf label market reached a value of about USD 1.33 billion in 2023. The market is further estimated to grow at a CAGR of 21.4% in the forecast period of 2024-2032 to reach a value of around USD 7.59 billion by 2032.
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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