The global electronic shelf label market is estimated at USD 980 Million in 2022 and is forecast to reach USD 5.2 Billion by 2032, growing with a CAGR of 18.3% from 2022 to 2032.
Increasing proliferation of Internet of Things (IoT) coupled with growing digitization in the retail sector continue to influence the growth of the electronic shelf label market. Persistent growth in the retail sector has resulted in a meteoric expansion of retail outlets, particularly supermarkets and hypermarkets across key developed and emerging economies worldwide.
Fact.MR foresees that the demand for electronic shelf label is projected to expand at a stellar pace with a period of forecast, 2018-2026. Sales of electronic shelf label are estimated to cross US$ 1,700 Mn by end of 2026
Rising Demand For Electronic Shelf Label
The demand for electronic shelf labels (ESLs) is on the rise as retailers look for ways to improve their in–store customer experience. ESLs are digital displays that are attached to shelves and provide customers with real–time pricing and product information. They are becoming increasingly popular as they allow retailers to quickly and easily update prices and product information, as well as provide customers with more detailed product information. ESLs also help retailers reduce labor costs associated with manually updating prices and product information. Additionally, ESLs can be used to track inventory levels and provide customers with more accurate information about product availability.
Key companies :-
- Pricer AB
- Altierre Corporation
- SES-imagotag
- DisplayData Ltd.
- Solum Co. Ltd.
- Teraoka Seiko Co. Ltd.
- Hanshow Technology Co. Ltd.
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Key Segments Covered
- By Product Type
- By Technology
- By Application
- Supermarket and Hypermarket
- Convenience Store
- Departmental Store
- Specialty Store
- Pharmacies
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