electronic shelf label market
Information Technology

The Electronic Shelf Label Market Is Estimated To Reach $2.10 Billion By 2027 At A CAGR Of 16.5% – Includes Electronic Shelf Label Industry

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032


Rising retail automation adoption is likely to boost innovation in electronic shelf label manufacture, propelling the market over the forecast period.


The global electronic shelf label market is expected to grow from $0.96 billion in 2022 to $1.14 billion in 2023 at a compound annual growth rate (CAGR) of 18.1%. The global electronic shelf label market size is expected to reach $2.10 billion in 2027 at a CAGR of 16.5%.


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Global Electronic Shelf Label Market Segments Include:

  • By Component: Displays, Batteries, Transceivers, Microprocessors
  • By Product Type: LCDs (Liquid-Crystal Display), Segmented E-peper Displays, Fully Graphic E-paper Displays
  • By Display Size: Less than 3 Inches, 3 to 7 Inches, 7 to 10 Inches, More than 10 Inches
  • By Communications Technology: Radio Frequency, Infrared, Near-field Communication, Other Technologies
  • By Application: Supermarket, Convenience Store, Departmental Store, Specialty Store, Pharmacies
  • By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global electronic shelf label market in 2021.


Major Market Players in the electronic shelf label market include SES-imagotag, Pricer AB, E Ink Holdings Inc., Displaydata Limited, M2COMM, Solu M ESL, Diebold Nixdorf, Opticon Sensors Europe B.V., Teraoka Seiko Co Ltd., MinewTag.


Product innovation is a prevalent trend in the electronic shelf label market. To maintain their market position, companies in the electronic shelf label business are implementing innovative and sustainable solutions, such as the use of perovskite photovoltaic cells instead of traditional batteries. For example, Saule Technologies, a Poland-based firm that creates flexible solar cells based on perovskites, will unveil a perovskite electronic shelf label in November 2021. It is the world’s first electronic shelf label made from perovskite solar cells. It provides extensively integrated IT and hardware solutions, as well as cloud-based computing and analytical capabilities via PESL-enabled data transmitters. The perovskite electronic shelf label has a nearly endless power source, which eliminates the need for costly and time-consuming battery replacement, provides energy efficiency, and allows for a departure from environmentally hazardous batteries.


The Electronic Shelf Label Global Market Report 2023  provides a electronic shelf label market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electronic shelf label market forecast analyzes electronic shelf label market size, electronic shelf label market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.


A digital display used in retail businesses to display product information such as pricing, discounts, and product descriptions is known as an electronic shelf label (ESL). Pricing and product information are typically displayed on electronic shelf labels (ESLs).


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