Press release
Electronic Shelf Label Market Expected to Hit USD 3.93 Billion by 2030, Growing at a 14.1 percentage CAGR
The ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ size was valued at USD 1.56 Bn in 2023 and is expected to reach USD 3.93 Bn by 2030, at a CAGR of 14.1%.๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Electronic Shelf Label (ESL) market is witnessing rapid growth, driven by the increasing shift toward automation and digitization in the retail sector. ESLs are advanced digital displays that replace traditional paper price tags in retail environments, offering retailers the ability to update prices and product information in real time through wireless connectivity. These systems enhance operational efficiency by eliminating manual updates, reducing errors, and enabling dynamic pricing strategies. With features like e-ink displays for better visibility and energy efficiency, ESLs are transforming the in-store experience by ensuring accurate pricing and providing comprehensive product information, creating a seamless and engaging shopping journey for customers.
๐๐ก๐๐ญ'๐ฌ ๐ง๐๐ฑ๐ญ ๐๐จ๐ซ ๐ฒ๐จ๐ฎ๐ซ ๐๐ฎ๐ฌ๐ข๐ง๐๐ฌ๐ฌ? ๐ ๐ข๐ง๐ ๐จ๐ฎ๐ญ ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐ญ๐จ๐๐๐ฒ :https://www.maximizemarketresearch.com/request-sample/870/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ:
One of the primary drivers of the Electronic Shelf Label market is the growing emphasis on enhancing operational efficiency within retail stores. ESLs streamline price management processes, allowing retailers to make instant updates across multiple locations, significantly reducing labor costs associated with manual price tagging. The dynamic pricing capabilities enabled by ESLs also empower retailers to respond quickly to market trends, optimize inventory, and implement personalized promotions, driving both revenue growth and customer satisfaction.
Another key driver is the increasing adoption of smart retail technologies. As consumers demand a seamless shopping experience, retailers are integrating ESLs with inventory management systems and e-commerce platforms to provide real-time product availability and consistent pricing. This integration not only improves in-store operational capabilities but also supports sustainability goals by reducing paper waste. The convergence of these factors is making ESLs an essential investment for forward-thinking retailers aiming to stay competitive in a rapidly evolving market.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ซ๐๐ง๐๐ฌ:
A significant trend in the ESL market is the integration of Internet of Things (IoT) technologies, which enhances the functionality of these systems. IoT-enabled ESLs provide retailers with real-time insights into inventory levels and customer behavior, allowing them to implement more effective marketing strategies and optimize supply chain operations. The adoption of IoT in ESLs also supports predictive analytics, enabling retailers to forecast demand and reduce overstock or stockout situations.
๐ฐ๐ก๐๐ญ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐ฒ ๐๐ญ๐จ๐ซ๐ ๐๐ฒ๐ฉ๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง?
The Electronic Shelf Label market is poised for significant growth across various store types, including hypermarkets, supermarkets, specialty stores, and convenience stores. Hypermarkets and supermarkets are expected to lead the market, driven by their extensive product ranges and high customer footfall, which demand efficient pricing and inventory management solutions. ESLs in these large-scale retail environments enable instant price updates and seamless integration with inventory systems, improving operational efficiency and enhancing the overall shopping experience.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ :https://www.maximizemarketresearch.com/inquiry-before-buying/870/
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam has emerged as a growing market for ESL systems, fueled by the expansion of retail chains and the shift toward digitized pricing solutions. ๐๐ข๐๐จ๐ฆ๐ข recently announced a strategic partnership with a local Vietnamese retailer to deploy ESLs across multiple outlets. The country's burgeoning middle class and increasing consumer spending make it a fertile ground for ESL adoption.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
In Thailand, the adoption of ESLs is being driven by government initiatives promoting smart retail solutions. ๐๐๐ฆ๐ฌ๐ฎ๐ง๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ has expanded its operations in the Thai market by acquiring a local technology firm specializing in smart retail systems. Additionally, retailers like ๐๐๐ฌ๐๐จ ๐๐จ๐ญ๐ฎ๐ฌ are pioneering the use of advanced ESLs to enhance customer experience.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ฉ๐๐ง'๐ฌ
Japan, known for its technological prowess, is witnessing significant consolidation within the ESL market. Key players like ๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง and ๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง are investing heavily in R&D to develop more efficient and sustainable ESL solutions. Recent mergers, such as the acquisition of a regional ESL supplier by ๐๐จ๐ง๐ฒ, highlight the strategic importance of this market.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐๐ง
South Korea continues to be at the forefront of ESL innovation, with major advancements in wireless communication technologies. ๐๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐๐ฌ has launched a new series of smart ESLs equipped with IoT capabilities. The government's push for digital transformation in retail is further driving market growth.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's ESL market is growing rapidly, supported by its strong e-commerce ecosystem and advanced technological infrastructure. ๐๐ฅ๐ข๐๐๐๐'๐ฌ ๐๐๐ณ๐๐๐ has partnered with local retailers to introduce ESL systems in their physical stores, aiming to bridge the gap between online and offline shopping experiences.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐
The US is one of the largest markets for ESLs, with retailers like ๐๐๐ฅ๐ฆ๐๐ซ๐ญ and ๐๐ฆ๐๐ณ๐จ๐ง leading the charge in adopting advanced labeling systems. Recent investments by SES-imagotag in the US market aim to cater to the increasing demand for ESLs in grocery and convenience stores.
๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง
Europe remains a dominant region for ESL adoption, with countries like Germany, France, and the UK taking the lead. Retail giants such as ๐๐๐ซ๐ซ๐๐๐จ๐ฎ๐ซ and ๐๐๐ญ๐ซ๐จ ๐๐ are actively deploying ESL systems across their outlets. The European market is also witnessing increased collaboration between technology providers and retailers to enhance customer experience.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ ๐ซ๐๐ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ: ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐, ๐๐๐๐ฅ๐๐ฌ, ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ & ๐๐ก๐๐ซ๐ญ๐ฌ ๐๐ง๐๐ฅ๐ฎ๐๐๐@https://www.maximizemarketresearch.com/request-sample/870/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ:
by Component
Displays
Batteries
Transceivers
Microprocessors
Others
by Product Type
LCD ESLs
Segmented E-Paper
Full-Graphic E-Paper
Others
by Display Size
Less than 3 Inch
3 Inch to 7 Inch
7 Inch to 10 Inch
More than 10 Inch
by Communication technology
Radio Frequency (RF)
Infrared (IR)
Near Field Communication (NFC) Others
by Store Type
Hypermarkets
Supermarkets
Non-Food Retail Stores
Specialty Stores
Others
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/electronic-shelf-label-market/870/
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ฅ๐๐๐ญ๐ซ๐จ๐ง๐ข๐ ๐๐ก๐๐ฅ๐ ๐๐๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
Global
1. SES-imagotag (France)
2. Pricer AB (Sweden)
3. Displaydata Ltd. (United Kingdom)
4. E Ink Holdings Inc. (Taiwan)
5. Altierre Corp. (United States)
North America
1. Altierre Corp. (United States)
2. Advantech U.S., Inc. (United States)
3. Diebold Nixdorf, Incorporated (United States)
4. Planar Systems, Inc. (United States)
Europe
1. SES-imagotag (France)
2. Pricer AB (Sweden)
3. Displaydata Ltd. (United Kingdom)
4. T-Systems International GmbH (Germany)
5. TroniTAG GmbH (Germany)
6. SES RFID Solutions GmbH (Germany)
Asia Pacific
1. Samsung Electro-Mechanics (South Korea)
2. Teraoka Seiko Co., Ltd. (Japan)
3. M2Communication Inc. (South Korea)
4. LG Innotek Co., Ltd. (South Korea)
5. Panasonic Corporation (Japan)
6. Censtar Science & Technology Co., Ltd. (China)
7. Huawei Technologies Co., Ltd. (China)
8. LG Display Co., Ltd. (South Korea)
9. Solum Co., Ltd. (South Korea)
10. Toshiba Corporation (Japan)
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
โฆ Prescriptive Analytics Market https://www.maximizemarketresearch.com/market-report/global-prescriptive-analytics-market/62689/
โฆ Global Organic Food Market https://www.maximizemarketresearch.com/market-report/global-organic-food-market/87324/
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โฆ Functional Drinks Market https://www.maximizemarketresearch.com/market-report/functional-drinks-market/189755/
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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