![]() ![]() It helps implement dynamic pricing solutions, enabling the stores to boost their sales by keeping up with the latest market trends and raising product prices. The electronic shelf label enables the smooth functioning of retail stores by reducing pricing management labour costs, eliminating manual labour, lowering operational costs, and improving pricing accuracy. The rapid adoption of automation in the retail sector is leading to the rising use of electronic shelf labels in speciality stores, supermarkets, and others, which is driving the electronic shelf label market growth. Rising Adoption of Automation in the Retail Sector to Drive the Market Growth of Electronic Shelf Label The regional markets for electronic shelf label can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. On the basis of end use, the market is divided into: On the basis of display size, the market is segmented into:īased on communication technology, the market is classified into: The market for electronic shelf label, by component, is divided into:īased on product, the market is bifurcated into: It is attached to retail shelves and automatically updates the prices of goods through a local network, which enhances the customer experience. The increasing acceptance of e-paper in the expanding retail sector over traditional LCD screens for better reading experience as it reflects ambient light rather than emitting its own light is anticipated to stimulate the electronic shelf label market growth over the forecast period.Īn electronic shelf label, also called a digital price tag, is a display system that is used by retailers to display the prices of products and other relevant information pertaining to the products. The initiatives taken by market players to offer smart shelf labels are accelerating the market development. Also, electronic paper is a cheaper alternative to traditional paper label methods. They provide multiple advantages, like high reflectivity, high contrast, readability, and a wider viewing angle. E-paper displays possess image memory and do not require power to maintain the display they mostly need power when there is a change in the display. E-paper is being increasingly used in low-frequency switching displays such as electronic shelf labels because it offers a low-power paper-like display and ensures an ultra-long battery life. Rising Demand for E-Papers to Propel the Market Growth of Electronic Shelf Labelīased on product, the demand for e-papers, owing to their exceptional benefits, has been increasing significantly. Read more about this report - REQUEST FREE SAMPLE COPY IN PDF The market is further estimated to grow at a CAGR of 21.40% in the forecast period of 2023-2028 to reach a value of around USD 2.88 billion by 2027. ![]() The global electronic shelf label market reached a value of about USD 0.9 billion in 2021. Global Electronic Shelf Label Market Outlook ![]()
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