Elctroniec Shelf Label Market Growing to Unveil a Remarkable CAGR of 20.12% By 2029, Key Drivers, Size, Share

July 19, 2023

Market Definition

Electronic shelf label is basically utilized by the retailers for displaying product pricing on shelves. When a price is altered under the management of a central server, the product pricing is automatically updated. On the front edge of retail shelves, electronic display modules are typically connected. They are widely used across various stores such as hypermarkets, supermarkets, non-food retail stores, specialty stores and other store types.

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Market Analysis and Size

Over recent years, the electronic shelf label has shown a considerable increase in demand across the globe. Additionally, The International Labour Organization (ILO) projects that the trillion-dollar retail sector will continue to develop rapidly in the years to come. Throughout the Forecast period, the Increasing proliferation of internet of things (IoT) is anticipated to offer prospective growth opportunities for producers of electronic shelf labels, which will in turn contribute to the market's overall expansion.

Global electronic shelf label market was valued at USD 826 .00 million in 2021 and is expected to reach USD 3580.16 million by 2029, registering a CAGR of 20.12% during the forecast period of 2022-2029. The “hypermarkets” accounts for the largest store type segment in the electronic shelf label market within the forecasted period owing to the growing adoption of digital technologies in the retail sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Global Electronic Shelf Label Market Scope

The electronic shelf label market is segmented on the basis of component, product type, technology, display size, store type, communication technology. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Global Electronic Shelf Label Market, By Component (Displays, Batteries, Transceivers, Microprocessors, Others), Product Type (LCD ESL, Segmented E-Paper ESL, Full-Graphic E-Paper ESL), Technology (ZigBee, BLE, Wi-Fi), Display Size (Less than 3 inches, 3 to 7 inches, 7 to 10 inches, More than 10 inches), Store Type (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, Other Store Types), Communication Technology (Radio Frequency, Infrared, Near Field Communication, Other Communication Technologies) – Industry Trends and Forecast to 2029

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