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Global Smart Shelves Market Size, Share, Forecast: By Component: Hardware, Software, Services; By Application: Inventory Management, Planogram Management, Pricing Management, Content Management, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Smart Shelves Market Outlook
The global smart shelves market size reached approximately USD 3.97 billion in 2023. The market is further projected to grow at a CAGR of 23.1% between 2024 and 2032, reaching a value of USD 25.78 billion by 2032.
Key Trends in the Market
Smart shelves refers to the integration of networking and technology with retail shelves. This allows the shelves to detect when an item is removed or purchased from the shelf, aiding in tracking of inventory and restock requirement. Smart shelves use a combination of RFID tags, sensors, and digital displays to provide detailed cross-selling and marketing suggestions and product information.
- The increased requirement from the retail sector due to the ability of the shelves to notify back-end systems about the quantity of the products and to detect theft and misplacement is aiding the smart shelves market growth. They also provide access to the shelf or store information remotely, enabling visibility of cross selling of products.
- Smart shelves also aid retailers in tracking the product in the supply chain process. The RFID allows the retailers to enhance their vertical integration and produce products that are more likely to sell, supporting the market expansion.
- The rising investments by the key market players are providing lucrative growth opportunities to the market. The integration of smart shelves with frictionless shopping concepts are expected to enhance the shopping experience of the consumers by allowing them to purchase products without having to go through the shopping process.
Global Smart Shelves Market Analysis
On the basis of component, the market is divided into hardware, software, and services, with hardware sub-divided by type into electronic shelf labels (ESL), cameras, IoT sensors, and RFID tags and readers, among others.
Based on applications the market is divided into inventory management, planogram management, pricing management, and content management, among others. On the basis of region, the smart shelves market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Samsung Electronics Co. Ltd.
- Intel Corporation
- Huawei Technologies Co. Ltd.
- Trax Technology Solutions Pte Ltd.
- Amazon.com, Inc.
- Lenovo PCCW Solutions Limited
- SoluM Europe GmbH
- NEXCOM International Co., Ltd.
- Pricer AB
- Dreamztech Us Inc.
- Others
Market Share by Applications
Pricing management is expected to account for a significant smart shelves market share in the coming years owing to the various advantages associated with the utilisation of smart shelves for pricing management including quicker reprice, more repricing options, and synchronisation with online channels. The availability of data from the shelves also allows the retailers to develop new pricing strategies. The convenient repricing allows the retailers to alter the prices across all distribution channels, avoiding the possibility of dissimilar pricing across different platforms, providing an omnichannel shopping experience to the consumers.
Market Share by Region
Europe is anticipated to witness significant growth over the forecast period. This growth can be attributed to the rising product adoption by manufacturers and retailers for collection of real time inventory data for optimisation of stock availability. The ability of smart shelves to provide cost efficient ways to deliver rich media, explain product solution, harmonise in-store and online channels, and update pricing is boosting the smart shelves market demand in the region.
Competitive Landscape
Samsung Electronics Co. Ltd. is a multinational corporation known for manufacturing various industrial and consumer electronic products, including smart shelves, personal computers, and semiconductors, among others. The company was founded in 1938 and is headquartered in Suwon-si, South Korea.
Intel Corporation, headquartered in California, United States, specialises in autonomous driving, smart shelves, artificial intelligence, and manufacturing and designing of semiconductor. The company supplies microprocessors to various brands including Lenovo, Dell, and Acer, among others.
Huawei Technologies Co. Ltd. is involved in the development, design, and manufacture of consumer electronics, telecommunication equipment, and smart devices, among others. The company was founded in 1987 and is headquartered in Shenzhen, China.
Other smart shelves market key players include Trax Technology Solutions Pte Ltd., Amazon.com, Inc., Lenovo PCCW Solutions Limited, SoluM Europe GmbH, NEXCOM International Co., Ltd., Pricer AB, and Dreamztech Us Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Smart Shelves Market Analysis
8.1 Key Industry Highlights
8.2 Global Smart Shelves Historical Market (2018-2023)
8.3 Global Smart Shelves Market Forecast (2024-2032)
8.4 Global Smart Shelves Market by Component
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Electronic Shelf Labels (ESL)
8.4.1.3.2 Cameras
8.4.1.3.3 IoT Sensors
8.4.1.3.4 RFID Tags and Readers
8.4.1.3.5 Others
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Smart Shelves Market by Application
8.5.1 Inventory Management
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Planogram Management
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Pricing Management
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Content Management
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Smart Shelves Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Smart Shelves Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Smart Shelves Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Smart Shelves Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Smart Shelves Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Smart Shelves Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung Electronics Co. Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Intel Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Huawei Technologies Co. Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Trax Technology Solutions Pte Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Amazon.com, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Lenovo PCCW Solutions Limited
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 SoluM Europe GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 NEXCOM International Co., Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Pricer AB
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Dreamztech Us Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Smart Shelves Market: Key Industry Highlights, 2018 and 2032
2. Global Smart Shelves Historical Market: Breakup by Component (USD Billion), 2018-2023
3. Global Smart Shelves Market Forecast: Breakup by Component (USD Billion), 2024-2032
4. Global Smart Shelves Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Smart Shelves Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Smart Shelves Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Smart Shelves Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Smart Shelves Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Smart Shelves Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Smart Shelves Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Smart Shelves Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Smart Shelves Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Smart Shelves Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Smart Shelves Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Smart Shelves Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Smart Shelves Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Smart Shelves Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Smart Shelves Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 3.97 billion in 2023.
The market is projected to grow at a CAGR of 23.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 25.78 billion by 2032.
The major market drivers include expansion of the retail sector and growing demand for harmonisation of in-store and online channels.
The key trends fuelling the growth of the market include rising requirement for supply chain management and increasing investments towards technological advancements.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of smart shelves include inventory management, planogram management, pricing management, and content management, among others.
The key players in the market are Samsung Electronics Co. Ltd., Intel Corporation., Huawei Technologies Co. Ltd., Trax Technology Solutions Pte Ltd., Amazon.com, Inc., Lenovo PCCW Solutions Limited, SoluM Europe GmbH, NEXCOM International Co., Ltd., Pricer AB, and Dreamztech Us Inc., among others.
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