The electronic shelf labels market was valued at 2.34 billion in 2024 and is projected to reach USD 4.18 billion by 2029; it is expected to register a CAGR of 12.3% during the forecast period. The ongoing retail automation emphasizes the need for smarter and more effective systems in such sectors as pricing, stock, and consumer relations, making ESLs an essential element of this change. In terms of operations, ESLs reduces the level of labor put into changing prices, freeing up resources and reducing mistakes. Furthermore, 5G has a great impact on ESL market due to it can offer higher speed and lower latency, it guarantees fast and fluent interaction between ESL systems and their control centers.
VusionGroup (France), SOLUM (South Korea), Pricer (Sweden), Displaydata Ltd. (UK), Teraoka Seiko Co., Ltd. (Japan), M2COMM (Taiwan), Opticon (Netherlands), PARTRON ESL (South Korea), Shanghai SUNMI Technology Co., Ltd. (China), Hanshow (China), Dalian Sertag Technology Co., Ltd. (China), Minewtag (China), LabelNest (UK), DIGETY (Germany), Zkong Networks (China), TroniTAG GmbH (Germany), YalaTech (China), SSSIND (India), Allsee Technologies Limited (UK), MOKOSmart (China), Future Shelf (Australia), Henderson Technology (Northern Ireland), ZhSunyco (China), NZ Electronic Shelf Labelling (New Zealand), LANCOM Systems GmbH (Germany) are some of the key players in the electronic shelf labels market.
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Major Electronic Shelf Labels companies include:
VusionGroup
VusionGroup is a leading provider of digital solutions for retailers, specializing in developing electronic shelf labels (ESLs) and loT-based solutions for physical retailers. The company operates through two business segments namely: Electronic Lables and Services, software and other value-added solutions. Through its Electronic Labels segment, they provide Electronic Shelf Labels. A variety of IoT devices, cloud solutions, shelf monitoring gadgets and client interaction services are part of the company’s diversified product and service offering. The products being specialized are applicable across grocery, fresh food & fruits and vegetables, electronics, furniture and do-it-yourself products, pharmacy, cosmetics, fashion, digital signage and industrial applications.
Pricer
Pricer specializes in manufacturing of electronic shelf labels. It deals with electronic shelf labels (ESLs), which deliver an efficient tool for both communication and updating product prices in stores. Pricer’s solutions include features like automated price update, product position and store layout, and shoppers using NFC and infrared positioning. The company’s ESLs are especially used in grocery retailing, home improvement, electronics, and pharmaceutical sectors. The company’s ESLs are deployed with optical wireless communication systems in near-infrared bands.
SOLUM
SOLUM offers e-paper and full graphic e-paper ESLs which are in the size range of 1.6-11.6 inches. Also, there is a good geographical established market too with production houses and a good reseller base in South Korea, China, India, Mexico, Vietnam, Thailand, USA, Canada, Mexico & Europe. A lot of emphasis is put on external growth strategies, mainly partnerships to fortify the company’s position in the market. In August 2022, SOLUM partnered with Ekko GmbH. With this partnership, SOLUM integrated Ekko’s platform with its ESLs to provide enhanced logistics capabilities in retail stores
Related Reports:
Electronic Shelf Labels Market by Full Graphic E-paper, LCDs, Segmented E-paper, Retail, Industrial, Label Management, Inventory & Stock Management, Transceivers, Infrared, Radio Frequency, Near-field Communication and Region - Global Forecast to 2029
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