According to a new report, published by KBV research, The Global Electronic Shelf Labels Market size is expected to reach $2.7 billion by 2028, rising at a market growth of 13.1% CAGR during the forecast period.
The Display segment is leading the Global Electronic Shelf Labels Market by Component in 2021 thereby, achieving a market value of $951.6 Million by 2028. This is because the display modules that show the product's price are often fastened to the front edge of store shelves. The ESL tag's display outputs data input into label management software using either electronic ink, electronic paper, or a liquid crystal display.
The LCDs segment is showcasing a CAGR of 12.4% during (2022 - 2028). The LCD display sector of the electronic shelf label market is expanding due to the rapid development of display technologies, which have led to micro-displays becoming more affordable, effective, and intelligent. Active and older passive matrix displays are the main LCD variations offered worldwide. The growth of this market sector in the worldwide ELS market is fueled by LCDs' low cost, which also presents new chances for suppliers to provide cutting-edge products and increase their market share.
The Radio Frequency segment acquired maximum revenue share in the Global Electronic Shelf Labels Market by Communications Technology in 2021 thereby, achieving a market value of $1.6 billion by 2028. One of the main drivers of the segment's market development is the stability provided by RF-based ESLs. Moreover, these ESLs provide completely automated data transmission and include electronic memory for information storage.
The Retail segment acquired maximum revenue share in the Global Electronic Shelf Labels Market by Application in 2021 thereby, achieving a market value of $2.1 billion by 2028. ESL demand will increase due to the rising popularity of hypermarkets, which is attributable to better economic circumstances. Retailers that open a chain of locations and use digital tools to manage all of their operations from a single platform will significantly boost the sector's value. In addition, retailers emphasize enhancing client pleasure by using cutting-edge technology that guarantees quick checkouts.
The 3 to 7 Inches segment has shown the growth rate of 13.4% during (2022 - 2028). This is because 3-7 inches of ESL comes with a battery life of five years, which can be replaced once they are depleted. They contain information display, LED light, and NFC and are also used for in-store management, etc. they are highly customized and adaptable to information from any templates. They also have Bluetooth 5.0 to easily and rapidly connect with customer devices. Also, they work efficiently even in low temperatures which increases their usability.
The Europe market dominated the Global Electronic Shelf Labels Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $915.4 Million by 2028. The North America market is exhibiting a CAGR of 12.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 14.1% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/electronic-shelf-labels-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SES-Imagotag (BOE Technology Group Co., Ltd.), Opticon Sensors Europe B.V., Pricer AB, Displaydata Limited, M2Comm, Rainus Co., Ltd., Shanghai Sunmi Technology Co., Ltd., Hanshow Technology Co. Ltd., Solum Co., Ltd, and Teraoka Seika Co., Ltd.
By Component
By Product Type
By Communications Technology
By Application
By Display Size
By Geography
Companies Profiled
Unique Offerings 
