Electronic shelf labels (ESL) are small, battery-powered electronic paper displays. As their name implies, they are used by retail stores to show product and pricing information at the shelf edge. Electronic shelf labels are connected to a central server that automatically updates or changes product pricing on shelves. ESLs have the potential to offer highly personalized experiences that many consumers highly value.
In this blog post, we list the top seven companies that are bolstering the electronic shelf label market growth and propelling it forward. Stick with us!
#1. Altierre Corporation
Founded: 2002
Headquarters: San Jose, California
Altierre Corporation is a leading provider of long-range wireless technology for the Internet of Things (IoT). The firm provides ultra-low powerless IoT solutions, encompassing thin infrastructure and bi-directional always-on communication. Altierre’s IOT Retail platform is transforming the multi-trillion-dollar retail sector, running millions of wireless displays and sensors in large retail stores.
#2. Diebold Nixdorf
Founded: 1859
Headquarters: North Canton, United States
Diebold Nixdorf is a US-based MNC firm that started out making safes in the mid-19th century. Today, it takes pride in being a company that automates, digitizes, and transforms the way people bank and shop. Products and services offered by Diebold Nixdorf include installation and services of point-of-sale systems and self-service transaction systems. Besides, it also provides software and related services for the worldwide retail, financial and commercial markets.
#3. Displaydata Limited
Founded: 2000
Headquarters: Reading, Berkshire
With a highly experienced team of executives, engineers, and scientists, Displaydata Limited is one of the leading electronic shelf label market key players. The firm designs and supplies fully-graphic electronic shelf labels to create highly engaging, rewarding, and personalized shopping experiences in retail stores. Displaydata’s ESL comes with the option of integrated Bluetooth that enables retailers to achieve unprecedented agility. With that, retailers can seamlessly refresh labels anywhere to change prices and refresh labels anywhere.
#4. E Ink Holdings
Founded: 1992
Headquarters: Taiwan
E Ink Holdings, also known as E Ink, is a major supplier of electronic paper display solutions. The firm provides a wide range of industrial and consumer products, including mobile phones, eReaders, and smartwatches. Also, it caters to the electronic shelf label market with its electronic shelf labels. E Ink’s electronic shelf labels find applications in electronic readers, electronic books, and segment displays. Several sectors, including hospital, transportation, lifestyle and architecture use E Ink’s products and services.
#5. NCR Corporation
Founded: 1884
Headquarters: Atlanta, United States
NCR Corporation is a US-based technology and consulting firm that offers a wide range of electronic products and professional services. The company specializes in the manufacturing of automated teller machines, self-service kiosks, and point-of-sale terminals. Other products manufactured by the company include barcode scanners and check processing systems. NCR’s ESLs provide electronic links directly from the point-of-sale file date to shelf-edge pricing, ensuring instant accuracy and consistency.
#6. Panasonic Corporation
Founded: 1918
Headquarters: Osaka, Japan
Panasonic Corporation is a Japanese MNC firm that’s a world leader in the development of innovative tools and solutions. The company’s solutions have numerous applications in several sectors, ranging from housing to consumer electronics. Panasonic Corporation also has a presence in the electronic shelf label market and offers ESLs that allow retailers to improve processes. These ESLs are an ideal solution for supermarkets, convenience stores, and fashion and apparel units.
#7. Samsung Electro-Mechanics
Founded: 1973
Headquarters: Suwon-si, South Korea
Samsung Electro-Mechanics is an electronic components company that’s a subsidiary of the Samsung Group. It manufactures chip parts like MLCCs, camera modules, and printed circuit boards. The company’s ESLs can seamlessly be integrated with the store management software. That way, businesses can update their price labels across stores within minutes.
End Note and Conclusion
The electronic shelf label market is anticipated to grow at a healthy CAGR rate. It was valued at USD 978 million in 2022 and is anticipated to reach USD 4413.92 million by 2032. The market is anticipated to witness a CAGR of 16.3% over the forecast period. The rising need for inventory management enhanced by ESL is one of the major factors driving the market demand.