Electronic Shelf Label Market - Latest Trends and Demand Prospects to 2027

1. Electronic Shelf Label Market by Growth Insight, Competitive Analysis and Regional Statistics to 2027

2. With the rapid digital transformation in the retail sector, electronic shelf label (ESL) is rapidly emerging as an efficient tool that allows a more personalized experience. The commendable increase in consumer spending on the flourishing retail industry is one of the prominent factors augmenting the electronic shelf label installation. • According to the U.S. Commerce Department, retail sales increased at a seasonally adjusted rate of 1.7% in October 2021, up from over 0.8% in the previous month. Moreover, the favorable growth trajectory of the e-Commerce sales is slated to boost the adoption of digital technologies like electronic labels to provide informative, up-to-date data for customers. The electronic shelf label (ESL) market is expected to register remuneration of more than $2 billion by 2026, according to a Global Market Insights Inc. report. • Over the years, retail technology solutions providers have been focusing on rapid product innovations to enhance the in-store retail experiences of customers. • To provide retailers with cutting-edge solutions, various technology companies are introducing a new generation of labels. Such software has been designed to help brands and merchants maximize the visibility and impact of their marketing campaigns.

3. For instance, in April 2021, SES-imagotag and E Ink announced the co-development of an ESL product line, which featured 4-color e-paper displays with high pixel density and resolution. These labels were developed to allow brands to highlight their marketing campaigns in-store, revolutionizing the use of electronic shelf labels in the retail sector. • As a replacement for the use of batteries in traditional ESLs, high-tech companies are launching convenient and cost-effective labels powered by inexhaustible power sources. The development of such energy-efficient design is a crucial step in the implementation of sustainable development strategies. • Citing an instance, in November 2021, Saule Technologies launched the world’s 1st electronic shelf label technology based on perovskite photovoltaic cells. This PESL (perovskite electronic shelf label) has notably emerged as a breakthrough solution, considering its unique capabilities to communicate with retail stores’ customers. This can significantly lower product labeling time and enable real-time price verification. • To enable retailers to remotely manage and monitor stock and ensure precise product positioning on store shelves, IoT solutions providers are leveraging integrated circuits to deliver wireless connectivity to digital shelf labels. The increased deployment of connected devices could therefore allow the electronic shelf label (ESL) market to grow considerably.

4. Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1136

5. In November 2021, Shenzhen Minew Technologies Co., Ltd. selected the nRF52832 Bluetooth 5.2/Bluetooth Low Energy multiprotocol SoC (System-on-Chip) and nRF52810 SoC of Nordic Semiconductor to offer wireless connectivity to the Electronic Shelf Label of Minewtag. Designed to replace the traditional price tags that must be manually updated, this ESL enables users to achieve benefits like improved price visibility, promotional capabilities, reduction in pricing errors, labor cost reduction, and enhanced customer experiences. • In addition, the provider of digital store solutions has augmented its existing ESL solutions through AI-integrated capabilities to increase inventory management, consumer behavior analysis, and other digital functions attractive to brick-and-mortar retailers, brands, and customers. • Competitive Analysis • Major companies operating in the ESL market include Advantech Co. Ltd., Diebold Nixdorf, Samsung Electronics Co. Ltd., Pricer AB, NXP Semiconductors N.V., SES-Imagotag, E Ink Holdings Inc., DisplayData Limited, Herbert Ltd., LG Innotek, Opticon Sensors Europe B.V., SoluM Co. Ltd. and Hanshow Technology Co. Ltd.

6. Latest Research Report On Electronic Shelf Label Market @ https://www.gminsights.com/industry-analysis/electronic-shelf-label-esl-market Request for a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/1136 Request for customization @ https://www.gminsights.com/roc/1136

7. THANK YOU www.gminsights.com