Europe Electronic Shelf Label Market Forecast to 2030 - Regional Analysis - by Components (Hardware and Software & Services), Hardware (Displays, Batteries, Transceivers, Microprocessors, and Others), Product Type (LCD ESL and E-Paper based ESL), Store Type (Hypermarkets, Supermarkets, Non-Food Retail Stores, Specialty Stores, and Others), and Communication Technology (Radio Frequency, Infrared, Near Field Communication, and Others)
The Europe electronic shelf label market is expected to grow from US$ 634.85 million in 2022 to US$ 2,469.72 million by 2030. It is estimated to record a CAGR of 18.5% from 2022 to 2030.
Integration of Industry 4.0 for Automation and Smart Management Drives Europe Electronic Shelf Label Market
To increase mature technology for smart retailing applications, price labeling and merchandise management in retail stores can depend on ESLs to have real-time updates. In comparison to traditional paper tags, ESLs have reduced the occurrence of pricing errors while supporting stores to get a fast response mechanism for price changes. ESLs can be accessed wirelessly and remotely to achieve access to the massive quantity of data to ensure inventory management. Also, these are configured to send automatic notices when specific products are reaching near their expiration dates. Therefore, as a primary solution for information display and product pricing, ESLs are perfectly aligned with Industry 4.0 for automation and smart management. IoT applications in ESLs are facilitating a user in carrying out real-time updates. Industry 4.0 would assist the retail sector in having predictive analytics and real-time information, which will raise the steps of planning and allocation to the next level. As customer expectations are dynamic, the retail industry is looking forward to using Industry 4.0 to embrace growing business models, digitization, and value chains, which will further fuel the adoption of ESL solutions and propel market growth.
Europe Electronic Shelf Label Market Overview
Strong economic and manufacturing capabilities characterize Europe. France, Germany, Italy, Russia, the UK, and the rest of the European countries are the major contributors to the electronic shelf label market in Europe. The European region comprises several major industries such as machinery & equipment, retail, pulp & paper, automotive, pharmaceuticals, and others. In the European market, digitization is making its significance in grocery stores. Some of the largest retail companies present in European territory are Ahold Delhaize, REWE Combine, Tesco PLC, IKEA Group, Inditex, LVMH Moët Hennessy-Louis Vuitton S.A., Carrefour, and Auchan Holding SA, among others. The group mentioned above of retail companies consists of supermarkets, hypermarkets, and specialty stores. Also, mentioned retail stores are among the top 25 retailers of the region; therefore, the installation of advanced IoT technologies would be gaining high momentum. Moreover, small retail traders such as mom-and-pop stores and corner shops endure being optimistic entrepreneurs in the region. Several new shops and retail stores are emerging in the region owing to the rising purchasing capacity of the masses. The retail market of Europe is not homogenous, and therefore, several countries of the region are at a different phase of retail development. Germany, France, and the UK are the mature markets of retail, whereas Russia and Turkey are still considered to be in the developing phase. Over half of the European retail is dominated by Germany, UK, and France. Besides, the emerging phase of retail in the Czech Republic, Russia, and Poland has witnessed the entrance of different new retailers over the last few years and, therefore, would continue to grow their retail industry. Also, various companies are taking new initiatives to increase the demand for electronic shelf label. For instance, in July 2023, Ikea teamed up with SES-imagotag to introduce its innovative VUSION smart electronic shelf labels and IoT Cloud platform across its European stores. Hence, the demand for electronic shelf labels is increasing with the growing retail industry.
Europe Electronic Shelf Label Market Revenue and Forecast to 2030 (US$ Million)
Europe Electronic Shelf Label Market Segmentation
The Europe electronic shelf label market is segmented into component, product type, store type, technology, and country.
Based on component, the Europe electronic shelf label market is bifurcated into hardware and software & services. The hardware segment held a larger share of the Europe electronic shelf label market in 2022. The hardware segment is further subsegmented into displays, batteries, transceivers, microprocessors, and others.
In terms of product type, the Europe electronic shelf label market is bifurcated into E-paper based ESL and LCD ESL. The E-paper segment held a larger share of the Europe electronic shelf label market in 2022.
Based on store type, the Europe electronic shelf label market is segmented into hypermarkets, supermarkets, specialty stores, non-food retail stores, and others. The hypermarkets segment held the largest share of the Europe electronic shelf label market in 2022.
In terms of communication technology, the Europe electronic shelf label market is segmented into radio frequency, near field communication, infrared, and others. The radio frequency segment held the largest share of the Europe electronic shelf label market in 2022.
By country, the Europe electronic shelf label market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe electronic shelf label market in 2022.
LabelNest; Displaydata Ltd; Panasonic Holdings Corp; M2C Communication DOO; Hanshow Technology; Opticon Sensors Europe BV; Ses Imagotag SA; Samsung Electro-Mechanics Co Ltd; Diebold Nixdorf, Incorporated; and Pricer AB are some of the leading companies operating in the Europe electronic shelf label market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Shelf Label Market Landscape
4.1 Overview
4.2 Ecosystem Analysis
4.2.1 List of Vendors in Value Chain
5. Europe Electronic Shelf Label Market - Key Industry Dynamics
5.1 Europe Electronic Shelf Label Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rapid Adoption of Game-Changing Technologies Across Retail-Value Chain
5.2.2 Growth in Supermarket/Hypermarkets
5.2.3 Rise in Strategic Initiatives by Market Stakeholders
5.3 Market Restraints
5.3.1 Disadvantages of ESL
5.4 Market Opportunities
5.4.1 Integration of Industry 4.0 for Automation and Smart Management
5.4.2 Advent of 5G Technology
5.5 Future Trends
5.5.1 Emergence of Battery-Free Solutions
5.6 Impact of Drivers and Restraints:
6. Electronic Shelf Label Market - Europe Market Analysis
6.1 Electronic Shelf Label Market Revenue (US$ Million), 2022 - 2030
6.2 Electronic Shelf Label Market Forecast and Analysis
7. Europe Electronic Shelf Label Market Analysis - Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
7.1.3 Displays
7.1.3.1 Overview
7.1.3.2 Displays Market, Revenue and Forecast to 2030 (US$ Million)
7.1.4 Transceivers
7.1.4.1 Overview
7.1.4.2 Transceivers Market, Revenue and Forecast to 2030 (US$ Million)
7.1.5 Microprocessors
7.1.5.1 Overview
7.1.5.2 Microprocessors Market, Revenue and Forecast to 2030 (US$ Million)
7.1.6 Batteries
7.1.6.1 Overview
7.1.6.2 Batteries Market, Revenue and Forecast to 2030 (US$ Million)
7.1.7 Others
7.1.7.1 Overview
7.1.7.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Software and Services
7.2.1 Overview
7.2.2 Software and Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Electronic Shelf Label Market Analysis - Product Type
8.1 E-Paper Based ESL
8.1.1 Overview
8.1.2 E-Paper Based ESL Market, Revenue and Forecast to 2030 (US$ Million)
8.2 LCD ESL
8.2.1 Overview
8.2.2 LCD ESL Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Electronic Shelf Label Market Analysis - Store Type
9.1 Hypermarkets
9.1.1 Overview
9.1.2 Hypermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Supermarkets
9.2.1 Overview
9.2.2 Supermarkets Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Specialty Stores
9.3.1 Overview
9.3.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Non-Food Retail Stores
9.4.1 Overview
9.4.2 Non-Food Retail Stores Market Revenue, and Forecast to 2030 (US$ Million)
9.5 Others
9.5.1 Overview
9.5.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
10. Europe Electronic Shelf Label Market Analysis - Technology
10.1 Radio Frequency
10.1.1 Overview
10.1.2 Radio Frequency Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Near Field Communication
10.2.1 Overview
10.2.2 Near Field Communication Market Revenue, and Forecast to 2030 (US$ Million)
10.3 Infrared
10.3.1 Overview
10.3.2 Infrared Market Revenue, and Forecast to 2030 (US$ Million)
10.4 Others
10.4.1 Overview
10.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. Europe Electronic Shelf Label Market - Country Analysis
11.1 Europe: Electronic Shelf Label Market
11.1.1 Europe: Electronic Shelf Label Market, By Key Country - Revenue 2022 (US$ Million)
11.1.2 Europe: Electronic Shelf Label Market, by Key Country
11.1.2.1 Germany: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.1.1 Germany: Electronic Shelf Label Market, by Component
11.1.2.1.1.1 Germany: Electronic Shelf Label Market, by Hardware
11.1.2.1.2 Germany: Electronic Shelf Label Market, by Product Type
11.1.2.1.3 Germany: Electronic Shelf Label Market, by Store Type
11.1.2.1.4 Germany: Electronic Shelf Label Market, by Technology
11.1.2.2 UK: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.2.1 UK: Electronic Shelf Label Market, by Component
11.1.2.2.1.1 UK: Electronic Shelf Label Market, by Hardware
11.1.2.2.2 UK: Electronic Shelf Label Market, by Product Type
11.1.2.2.3 UK: Electronic Shelf Label Market, by Store Type
11.1.2.2.4 UK: Electronic Shelf Label Market, by Technology
11.1.2.3 France: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.3.1 France: Electronic Shelf Label Market, by Component
11.1.2.3.1.1 France: Electronic Shelf Label Market, by Hardware
11.1.2.3.2 France: Electronic Shelf Label Market, by Product Type
11.1.2.3.3 France: Electronic Shelf Label Market, by Store Type
11.1.2.3.4 France: Electronic Shelf Label Market, by Technology
11.1.2.4 Italy: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.4.1 Italy: Electronic Shelf Label Market, by Component
11.1.2.4.1.1 Italy: Electronic Shelf Label Market, by Hardware
11.1.2.4.2 Italy: Electronic Shelf Label Market, by Product Type
11.1.2.4.3 Italy: Electronic Shelf Label Market, by Store Type
11.1.2.4.4 Italy: Electronic Shelf Label Market, by Technology
11.1.2.5 Russia: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.5.1 Russia: Electronic Shelf Label Market, by Component
11.1.2.5.1.1 Russia: Electronic Shelf Label Market, by Hardware
11.1.2.5.2 Russia: Electronic Shelf Label Market, by Product Type
11.1.2.5.3 Russia: Electronic Shelf Label Market, by Store Type
11.1.2.5.4 Russia: Electronic Shelf Label Market, by Technology
11.1.2.6 Rest of Europe: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
11.1.2.6.1 Rest of Europe: Electronic Shelf Label Market, by Component
11.1.2.6.1.1 Rest of Europe: Electronic Shelf Label Market, by Hardware
11.1.2.6.2 Rest of Europe: Electronic Shelf Label Market, by Product Type
11.1.2.6.3 Rest of Europe: Electronic Shelf Label Market, by Store Type
11.1.2.6.4 Rest of Europe: Electronic Shelf Label Market, by Technology
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
13. Company Profiles
13.1 LabelNest
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Displaydata Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Panasonic Holdings Corp
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 M2C Communication DOO
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Hanshow Technology
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Opticon Sensors Europe BV
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Ses Imagotag SA
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Samsung Electro-Mechanics Co Ltd
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Diebold Nixdorf, Incorporated
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Pricer AB
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Insight Partners
14.2 Word Index
List of Tables
Table 1. Electronic Shelf Label Market Segmentation
Table 2. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) - Component
Table 4. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) -Product Type
Table 5. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) - Store Type
Table 6. Electronic Shelf Label Market Revenue and Forecasts To 2030 (US$ Million) - Technology
Table 7. Germany: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 8. Germany: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 9. Germany: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 10. Germany: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 11. Germany: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 12. UK: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 13. UK: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 14. UK: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 15. UK: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 16. UK: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 17. France: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 18. France: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 19. France: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 20. France: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
France: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 21. Italy: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 22. Italy: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 23. Italy: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 24. Italy: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 25. Italy: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 26. Russia: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 27. Russia: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 28. Russia: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 29. Russia: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 30. Russia: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 31. Rest of Europe: Electronic Shelf Label Market, by Component -Revenue and Forecast to 2030 (US$ Million)
Table 32. Rest of Europe: Electronic Shelf Label Market, by Hardware - Revenue and Forecast to 2030 (US$ Million)
Table 33. Rest of Europe: Electronic Shelf Label Market, by Product Type -Revenue and Forecast to 2030 (US$ Million)
Table 34. Rest of Europe: Electronic Shelf Label Market, by Store Type -Revenue and Forecast to 2030 (US$ Million)
Table 35. Rest of Europe: Electronic Shelf Label Market, by Technology -Revenue and Forecast to 2030 (US$ Million)
Table 36. List of Abbreviation
List of Figures
Figure 1. Electronic Shelf Label Market Segmentation, By Country
Figure 2. Ecosystem: Electronic Shelf Label Market
Figure 3. Impact Analysis of Drivers and Restraints
Figure 4. Electronic Shelf Label Market Revenue (US$ Million), 2022 - 2030
Figure 5. Electronic Shelf Label Market Share (%) - Component, 2022 and 2030
Figure 6. Hardware Market Revenue and Forecasts To 2030 (US$ Million)
Figure 7. Displays Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Transceivers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Microprocessors Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Batteries Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Software and Services Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Electronic Shelf Label Market Share (%) - Product Type, 2022 and 2030
Figure 14. E-Paper Based ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. LCD ESL Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Electronic Shelf Label Market Share (%) - Store Type, 2022 and 2030
Figure 17. Hypermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Supermarkets Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Non-Food Retail Stores Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Electronic Shelf Label Market Share (%) - Technology, 2022 and 2030
Figure 23. Radio Frequency Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Near Field Communication Market Revenue and Forecasts To 2030 (US$ Million)
Figure 25. Infrared Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 27. Europe: Electronic Shelf Label Market, By Key Country - Revenue 2022 (US$ Million)
Figure 28. Europe: Electronic Shelf Label Market Revenue Share, by Key Country (2022 and 2030)
Figure 29. Germany: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 30. UK: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 31. France: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 32. Italy: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 33. Russia: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
Figure 34. Rest of Europe: Electronic Shelf Label Market - Revenue, and Forecast to 2030 (US$ Million)
1. LabelNest
2. Displaydata Ltd
3. Panasonic Holdings Corp
4. M2C Communication DOO
5. Hanshow Technology
6. Opticon Sensors Europe BV
7. Ses Imagotag SA
8. Samsung Electro-Mechanics Co Ltd
9. Diebold Nixdorf, Incorporated
10. Pricer AB
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe electronic shelf label market.
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