Electronic Shelf Labels Market
PUBLISHED: 2025 ID: SMRC28554
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Electronic Shelf Labels Market

Electronic Shelf Labels Market Forecasts to 2030 - Global Analysis by Product (LCD ESLs, Segmented E-Paper, Full-Graphic E-Paper and Other Products), Component, Display Size, Power Source, Connectivity Technology, End User and By Geography

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4.2 (92 reviews)
Published: 2025 ID: SMRC28554

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Electronic Shelf Labels Market is accounted for $2.3 billion in 2024 and is expected to reach $5.2 billion by 2030 growing at a CAGR of 14.3% during the forecast period. Electronic Shelf Labels (ESLs) are digital price tags or displays used in retail environments to show product prices, descriptions, and other relevant information. These labels are typically powered by technologies like e-ink, liquid crystal displays (LCD), or OLED, offering energy-efficient, clear, and dynamic content. ESLs are connected to a central system that allows retailers to update prices, promotions, and product details in real time, reducing the need for manual label changes. By improving operational efficiency, ensuring accurate pricing, and enhancing customer experience, ESLs provide a modern, eco-friendly alternative to traditional paper price tags in stores.

According to the U.S. Bureau of Labor Statistics, compensation costs for private workers in the country increased by 5.1% and wages & salaries witnessed a rise of 4.3%.

Market Dynamics: 

Driver: 

Operational Efficiency

The electronic shelf labels (ESL) market grows due to operational efficiency, which automates pricing changes, stock management, and product information display. Retailers may cut labor expenses, avoid price mistakes, and expedite inventory procedures with the use of ESLs. Improved stock accuracy, quicker reaction times, and better shelf management are all results of this automation. ESLs are a useful tool for contemporary retail contexts because they enable businesses to increase customer happiness, streamline shop operations, and save operational expense, which propels market expansion.

Restraint:

High Initial Cost

The high initial cost of electronic shelf labels (ESLs) can hinder market growth by limiting adoption, particularly among small and medium-sized retailers. The upfront investment required for the technology, including hardware, software, and installation, may deter businesses from transitioning to ESLs. This financial barrier can delay the widespread implementation of ESLs, limiting their potential benefits like improved inventory management, price accuracy, and labor savings, thus it limits market growth.

Opportunity:

Technological Advancements

Technological improvements in the electronic shelf labels (ESL) market are propelling considerable growth. Display technology advancements like OLED and e-ink improve energy efficiency and visibility. Real-time pricing and inventory adjustments are made possible by integration with cloud-based and Internet of Things platforms. Furthermore, connection is enhanced by developments in wireless communication, such as Bluetooth and NFC. These advancements make ESL a crucial instrument in contemporary retail management by allowing merchants to improve consumer experiences, cut expenses, and streamline processes.

Threat:

Security Concerns

Security concerns in the electronic shelf labels (ESL) market can hinder growth by increasing the risk of data breaches and cyberattacks. Vulnerabilities in the wireless communication systems of ESL devices may expose sensitive pricing, inventory, and customer data. Additionally, the costs associated with implementing robust security measures and compliance with data protection regulations can deter businesses from adopting ESL technology, slowing its market expansion.

Covid-19 Impact: 

The COVID-19 pandemic has had a mixed impact on the Electronic Shelf Labels (ESL) market. While the demand for contactless solutions increased due to health and safety concerns, disruptions in supply chains and manufacturing delays hindered market growth. Additionally, economic uncertainties led businesses to delay investments in ESL technology. However, the accelerated shift towards digital and automated retail operations post-pandemic may support long-term market growth.

The displays segment is expected to be the largest during the forecast period

The displays segment is expected to account for the largest market share during the forecast period, because of developments in display technologies like OLED and E-Ink. The whole consumer experience is improved by these displays' increased readability, low power consumption, and higher visibility in a range of lighting situations. The market for ESLs is expanding due in large part to the growing need for high-performance displays as retail organizations use ESLs more and more for inventory management and dynamic pricing.

The radio frequency (RF) segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the radio frequency (RF) segment is predicted to witness the highest growth rate as RF technology enhances operational efficiency by enabling dynamic pricing, inventory management, and real-time price changes. RF-based ESLs save labor expenses and improve customer satisfaction with their longer range and reduced power usage. Global use of RF-enabled ESLs is further fueled by the rising need for smart retail solutions and the trend toward automation in retail settings.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share because of the need for better inventory control, automation, and improved customer service. ESLs are being used by retailers to provide dynamic pricing strategies, lower labor expenses, and expedite price adjustments. Additional factors driving market expansion include the emergence of e-commerce, improvements in wireless communication technology, and energy-efficient displays. Additionally, the region's adoption of ESL solutions is being fueled by the desire for sustainable practices and less paper use.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to the need for cost-effective inventory management, improved customer experience, and successful retail operations. ESL system integration is made easier by wireless technology advancements like RFID and Wi-Fi. Market expansion is fueled by the automation of the retail industry as well as consumers' growing inclination for digital solutions. ESL adoption in the area is further aided by growing e-commerce activity and the demand for real-time pricing and product information.

Key players in the market

Some of the key players in Electronic Shelf Labels market include Advantech Co., Ltd., Altierre Corporation, Cest Co., Ltd., CLEARink Displays Inc., Diebold Nixdorf, Incorporated, Displaydata Limited, E Ink Holdings Inc., LG Innotek, M2COMM, Mimaki Engineering Co., Ltd., NCR Corporation, Opticon Sensors Europe B.V., Panasonic Corporation, Pricer AB, Prismview LLC, Samsung Electro-Mechanics Co., Ltd., SES-imagotag, SoluM Co., Ltd., Teraoka Seiko Co., Ltd. and Zhejiang Hanshow Technology Co., Ltd. 

Key Developments:

In January 2025, Panasonic unveiled an innovative new energy efficient approach to heating, ventilation, and air conditioning (HVAC) that uses significantly less energy than conventional technologies.

In June 2024, Panasonic announced additions to its AV solution suite to power innovative and engaging visual experiences across industries. 

In May 2024, Panasonic announced the LUMIX S9, the smallest and lightest full-frame mirrorless camera in the LUMIX S Series. Available in four colorways–Jet Black, Crimson Red, Dark Olive and Night Blue–the LUMIX S9 is a stylish companion for content creator’s on-the-go and easily elevates social media content.

Products Covered:
• LCD ESLs
• Segmented E-Paper
• Full-Graphic E-Paper
• Other Products

Components Covered:
• Displays
• Batteries
• Transceivers
• Microprocessors
• Other Components

Display Sizes Covered:
• Less than 3 Inch
• 3 Inch to 7 Inch
• 7 Inch to 10 Inch
• More than 10 Inch

Power Sources Covered:
• Battery-Powered
• Solar-Powered

Connectivity Technologies Covered:
• Radio Frequency (RF)
• Infrared (IR)
• Near Field Communication (NFC) 

End Users Covered:
• Hypermarkets
• Supermarkets
• Non-Food Retail Stores
• Specialty Stores
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 Product Analysis     
 3.7 Technology Analysis    
 3.8 End User Analysis     
 3.9 Emerging Markets     
 3.10 Impact of Covid-19     
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes    
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global Electronic Shelf Labels Market, By Product   
 5.1 Introduction     
 5.2 LCD ESLs      
 5.3 Segmented E-Paper     
 5.4 Full-Graphic E-Paper    
 5.5 Other Products     
        
6 Global Electronic Shelf Labels Market, By Component  
 6.1 Introduction     
 6.2 Displays      
 6.3 Batteries      
 6.4 Transceivers     
 6.5 Microprocessors     
 6.6 Other Components     
        
7 Global Electronic Shelf Labels Market, By Display Size  
 7.1 Introduction     
 7.2 Less than 3 Inch     
 7.3 3 Inch to 7 Inch     
 7.4 7 Inch to 10 Inch     
 7.5 More than 10 Inch     
        
8 Global Electronic Shelf Labels Market, By Power Source  
 8.1 Introduction     
 8.2 Battery-Powered     
 8.3 Solar-Powered     
        
9 Global Electronic Shelf Labels Market, By Connectivity Technology 
 9.1 Introduction     
 9.2 Radio Frequency (RF)    
 9.3 Infrared (IR)     
 9.4 Near Field Communication (NFC)    
        
10 Global Electronic Shelf Labels Market, By End User   
 10.1 Introduction     
 10.2 Hypermarkets     
 10.3 Supermarkets     
 10.4 Non-Food Retail Stores    
 10.5 Specialty Stores     
 10.6 Other End Users     
        
11 Global Electronic Shelf Labels Market, By Geography  
 11.1 Introduction     
 11.2 North America     
  11.2.1 US     
  11.2.2 Canada     
  11.2.3 Mexico     
 11.3 Europe      
  11.3.1 Germany     
  11.3.2 UK     
  11.3.3 Italy     
  11.3.4 France     
  11.3.5 Spain     
  11.3.6 Rest of Europe    
 11.4 Asia Pacific     
  11.4.1 Japan     
  11.4.2 China     
  11.4.3 India     
  11.4.4 Australia     
  11.4.5 New Zealand    
  11.4.6 South Korea    
  11.4.7 Rest of Asia Pacific    
 11.5 South America     
  11.5.1 Argentina    
  11.5.2 Brazil     
  11.5.3 Chile     
  11.5.4 Rest of South America   
 11.6 Middle East & Africa    
  11.6.1 Saudi Arabia    
  11.6.2 UAE     
  11.6.3 Qatar     
  11.6.4 South Africa    
  11.6.5 Rest of Middle East & Africa   
        
12 Key Developments      
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 12.2 Acquisitions & Mergers    
 12.3 New Product Launch    
 12.4 Expansions     
 12.5 Other Key Strategies    
        
13 Company Profiling      
 13.1 Advantech Co., Ltd.     
 13.2 Altierre Corporation    
 13.3 Cest Co., Ltd.     
 13.4 CLEARink Displays Inc.    
 13.5 Diebold Nixdorf, Incorporated    
 13.6 Displaydata Limited     
 13.7 E Ink Holdings Inc.     
 13.8 LG Innotek     
 13.9 M2COMM     
 13.10 Mimaki Engineering Co., Ltd.    
 13.11 NCR Corporation     
 13.12 Opticon Sensors Europe B.V.    
 13.13 Panasonic Corporation    
 13.14 Pricer AB      
 13.15 Prismview LLC     
 13.16 Samsung Electro-Mechanics Co., Ltd.   
 13.17 SES-imagotag     
 13.18 SoluM Co., Ltd.     
 13.19 Teraoka Seiko Co., Ltd.    
 13.20 Zhejiang Hanshow Technology Co., Ltd.   
        
List of Tables       
1 Global Electronic Shelf Labels Market Outlook, By Region (2022-2030) ($MN)
2 Global Electronic Shelf Labels Market Outlook, By Product (2022-2030) ($MN)
3 Global Electronic Shelf Labels Market Outlook, By LCD ESLs (2022-2030) ($MN)
4 Global Electronic Shelf Labels Market Outlook, By Segmented E-Paper (2022-2030) ($MN)
5 Global Electronic Shelf Labels Market Outlook, By Full-Graphic E-Paper (2022-2030) ($MN)
6 Global Electronic Shelf Labels Market Outlook, By Other Products (2022-2030) ($MN)
7 Global Electronic Shelf Labels Market Outlook, By Component (2022-2030) ($MN)
8 Global Electronic Shelf Labels Market Outlook, By Displays (2022-2030) ($MN)
9 Global Electronic Shelf Labels Market Outlook, By Batteries (2022-2030) ($MN)
10 Global Electronic Shelf Labels Market Outlook, By Transceivers (2022-2030) ($MN)
11 Global Electronic Shelf Labels Market Outlook, By Microprocessors (2022-2030) ($MN)
12 Global Electronic Shelf Labels Market Outlook, By Other Components (2022-2030) ($MN)
13 Global Electronic Shelf Labels Market Outlook, By Display Size (2022-2030) ($MN)
14 Global Electronic Shelf Labels Market Outlook, By Less than 3 Inch (2022-2030) ($MN)
15 Global Electronic Shelf Labels Market Outlook, By 3 Inch to 7 Inch (2022-2030) ($MN)
16 Global Electronic Shelf Labels Market Outlook, By 7 Inch to 10 Inch (2022-2030) ($MN)
17 Global Electronic Shelf Labels Market Outlook, By More than 10 Inch (2022-2030) ($MN)
18 Global Electronic Shelf Labels Market Outlook, By Power Source (2022-2030) ($MN)
19 Global Electronic Shelf Labels Market Outlook, By Battery-Powered (2022-2030) ($MN)
20 Global Electronic Shelf Labels Market Outlook, By Solar-Powered (2022-2030) ($MN)
21 Global Electronic Shelf Labels Market Outlook, By Connectivity Technology (2022-2030) ($MN)
22 Global Electronic Shelf Labels Market Outlook, By Radio Frequency (RF) (2022-2030) ($MN)
23 Global Electronic Shelf Labels Market Outlook, By Infrared (IR) (2022-2030) ($MN)
24 Global Electronic Shelf Labels Market Outlook, By Near Field Communication (NFC)  (2022-2030) ($MN)
25 Global Electronic Shelf Labels Market Outlook, By End User (2022-2030) ($MN)
26 Global Electronic Shelf Labels Market Outlook, By Hypermarkets (2022-2030) ($MN)
27 Global Electronic Shelf Labels Market Outlook, By Supermarkets (2022-2030) ($MN)
28 Global Electronic Shelf Labels Market Outlook, By Non-Food Retail Stores (2022-2030) ($MN)
29 Global Electronic Shelf Labels Market Outlook, By Specialty Stores (2022-2030) ($MN)
30 Global Electronic Shelf Labels Market Outlook, By Other End Users (2022-2030) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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