Rising Adoption Of Automation In The Retail Sector Drives The Market: A Leading Driver Behind Electronic Shelf Label Market Expansion in 2025

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What Will the Electronic Shelf Label Industry Market Size Be by 2025?
In the past few years, the electronic shelf label market has seen swift growth. The market size is projected to increase from $1.31 billion in 2024 to approximately $1.53 billion in 2025, showing a compounded annual growth rate (CAGR) of 16.3%. The significant growth witnessed in the historic period is due to factors such as retail efficiency, improved inventory management, a superior customer experience, cost cutting measures, and competitive market dynamics.

What's the Long-Term Growth Forecast for the Electronic Shelf Label Market Size Through 2029?
Expectations are high for swift expansion in the electronic shelf label market in the coming years, with the market predicted to reach a value of $2.87 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 17.2%. The predicted growth during the forecast period can be traced back to factors such as the digital revolution in the retail sector, an emphasis on real-time pricing, sustainable practice efforts, integration of retail technologies, and global retail growth. Key trends expected to characterize the forecast period encompass the use of electronic shelf labels in non-food retail segments, the inclusion of touchless shopping functions, the execution of cloud-based ESL platforms, an emphasis on improved battery longevity and energy conservation, and the customization and personalization of ELS solutions.

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What Are the Key Growth Drivers Fueling the Electronic Shelf Label Market Expansion?
The increasing integration of automation within the retail sector is projected to fuel the expansion of the electronic shelf-label market. The retail industry leverages technological and mechanical advancements to enhance its processes and bolster operational efficacy, with automation serving several functions ranging from inventory management and customer service to self-checkouts and supply chain management. Electronic shelf labels (ESLs) serve as a valuable resource in retail automation, allowing retailers to handle pricing, promotional, and inventory matters more effectively while also enhancing customer shopping experiences. For example, as per a report by the World Economic Forum, a Switzerland-based international non-governmental lobbying group, anticipates that by 2028, artificial intelligence services in retail automation will skyrocket from $5 billion in January 2023 to over $31 billion. Ultimately, the burgeoning adoption of automation within the retail industry is steering the surge of the electronic shelf-label market.

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What Are the Key Trends Driving Electronic Shelf Label Market Growth?
The electronic shelf label market is seeing an uptick in product innovation. Business entities in this market are using imaginative new strategies like large format displays to maintain their market standing. To illustrate, Ynvisible Interactive Inc., a Canadian producer of printed e-paper displays, unveiled the Large Format Electronic Shelf Label Display in January 2023. Primarily pitched to grocery retailers, this fresh display simplifies the presentation of fundamental product information and prices. Thanks to its expansive format, it facilitates easy access to crucial details for customers considering their purchases. The Large Format Electronic Shelf Label Display has numerous distinct selling propositions such as up to 80% cost-saving when compared to rival reflective display technologies, high customizability with no cap on minimum orders, extremely low power use, and a sturdy design to survive regular usage in a grocery store.

How Is the Electronic Shelf Label Market Segmented?
The electronic shelf label market covered in this report is segmented -

1) By Component: Displays, Batteries, Transceivers, Microprocessors
2) By Product Type: LCDs (Liquid-Crystal Display), Segmented E-paper Displays, Fully Graphic E-paper Displays
3) By Display Size: Less Than 3 Inches, 3 To 7 Inches, 7 To 10 Inches, More Than 10 Inches
4) By Communications Technology: Radio Frequency, Infrared, Near-Field Communication, Other Technologies
5) By Application: Super market, Convenience Store, Departmental Store, Specialty Store, Pharmacies

Subsegments:
1) By Displays: E-ink Displays, LCD Displays, LED Displays
2) By Batteries: Rechargeable Batteries, Non-rechargeable Batteries
3) By Transceivers: RF Transceivers, Infrared Transceivers
4) By Microprocessors: Low-Power Microcontrollers, High-Performance Microprocessors

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Which Companies Are Leading the Charge in Electronic Shelf Label Market Innovation?
Major companies operating in the electronic shelf label market include SES-imagotag, Pricer AB, E Ink Holdings Inc., Displaydata Limited, Solum ESL, Opticon Sensors Europe B.V., Teraoka Seiko Co Ltd., MinewTag, Panasonic Holdings Corporation, NCR Corporation, LG Innotek Co. Ltd., CLEARink Displays Inc., Shanghai SUNMI Technology Co. Ltd., troniTAG GmbH, Samsung Electro-Mechanics Co. Ltd., Altierre Corporation, AdvanTech Inc., Display Solutions AG, Hanshow Technology, Pervasive Displays Inc., SoluM Co. Ltd.

Which Regions Are Leading the Global Electronic Shelf Label Market in Revenue?
Europe was the largest region in the electronic shelf label market in 2024. The regions covered in the electronic shelf label market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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