Smart Shelves Market by Type (Hardware, Software, Services) by Application (Supermarkets/Hypermarkets, Departmental Stores, Small Retailers, Brand Stores) by Design (RFID Tags and Readers, ESL, IoT Sensors, Cameras, Software & Solutions): Global Industry Size, Share, Statistics and Forecast 2015 – 2027

Smart Shelves Market Analysis

Retail store owners use intelligent shelf technology to keep track of their inventory. Radio-Frequency Identification (RFID) technology is used in these intelligent shelves. These include RFID tags, RFID readers, and RFID antennas. The sensors installed either within the shelf itself or underneath it are weight sensors that track and provide the actual inventory status.

The Global Smart Shelves market was valued at around USD 3,187.55 million in 2020, and it is expected to grow at a CAGR of over 11.57% during the forecast period to reach USD 7,684.45 million in 2027. Despite its moderate growth rate, the global Smart Shelves market will likely offer huge growth potential, and the real revenue generation opportunity will be USD 40.51 billion between 2021 and 2027.

Interesting Facts about Smart Shelves Industry

• It facilitates real-time stock information and inventory management
• It offers low stock alerts and thus loss of sales opportunities
• Effective & efficient inventory management
• Realtime price management
• Optimize overall performance and improve consumer services

Increasing Adoption of Advanced Technology in the Retail Sector

The smart shelves market is expected to expand quickly because of the ongoing advancement in technology being applied in the global retail sector. The smart shelves market keeps evolving. Many industries are using this technology to lower costs, increase efficiency, and collect data. Innovative shelf technology will develop and advance more and overcome the challenges retailers face with price management, distribution, and competition. Hardware, Software, and Services are significant components of the smart shelves industry. The hardware segment held over 40% share in 2020.

Consistent Monitoring and Surveillance

Physical retail stores have a continual need for good monitoring and surveillance of their goods. Retail stores must have the most accurate information related to their stock and inventory. The smart shelf market will grow in the next few years as it will help retailers with stock information and a better way to manage their inventory. Retailers can minimize their losses as digital smart shelf technology informs them of items that may be running low or out of stock, enabling the retailer to stock up before time. Smart shelf technology also helps in preventing thefts.

Supply Chain Optimization

Another factor that will boost the smart shelves industry over the forecasted period is the rising demand for optimizing supply chains in the retail business. Smart shelves help retailers decide when to restock and engage in buying. Smart shelves also enable customers to have better shopping experiences when retailers use smart shelves’ automatic and intelligent features. Retailers are also taking a more customer-centric approach. This, in turn, has led to increased access to customer data, and the sensor technologies in this industry are being used to understand customer behavior. Supermarkets/Hypermarkets, Departmental Stores, Small Retailers, Brand Stores, and Others are leading end-users of smart shelves. One more reason which goes in favor of the growth of this industry is the decline in the cost of sensors used in these systems. Sensors are now cheaper and more widely available globally, especially in developing countries. RFID Tags and Readers, ESL, IoT Sensors, Cameras, and Software and Solutions are vital components used in smart shelves.

Data Security and Inadequate Infrastructure for Smart Shelves

The most significant restraining factor in the smart shelves market is the growing concern for the privacy of data from small and medium-sized retailers, which is hampering the adoption of this technology greatly. During the forecast period, the lack of skilled workers and problems with the infrastructure needed to run these smart shelf technologies will also slow down the growth of this market.

Huawei Technologies, Intel Corporation, Honeywell International, SOLUM Europe Gmbh, PCCW Solutions, NXP Semiconductor, MAGO, SES-IMAGOTAG, AWM Smart Shelf, Focal System, DIEBOLD NIXDORF, Dreamztech Solutions, Sennco Solutions, Happiest Minds, SES-image tag, Pricer AB, Trax Technology Solutions, Avery Dennison Corporation, Samsung Electronics, and E Ink Holdings are some of the leading players in global smart shelves industry.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Smart Shelves Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Smart Shelves Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Application
3.3.3.Component
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Smart Shelves Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Smart Shelves Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Smart Shelves Market, by Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Hardware
6.2.3.Software
6.2.4.Services
6.3.North America Smart Shelves Market, by Application, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Supermarkets/Hypermarkets
6.3.3.Departmental Stores
6.3.4.Small Retailers
6.3.5.Brand Stores
6.3.6.Others
6.4.North America Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.RFID Tags and Readers
6.4.3.ESL
6.4.4.IoT Sensors
6.4.5.Cameras
6.4.6.Software & Solutions

7.Europe
7.1.Europe Smart Shelves Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Smart Shelves Market, by Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Hardware
7.2.3.Software
7.2.4.Services
7.3.Europe Smart Shelves Market, by Application, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Supermarkets/Hypermarkets
7.3.3.Departmental Stores
7.3.4.Small Retailers
7.3.5.Brand Stores
7.3.6.Others
7.4.Europe Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.RFID Tags and Readers
7.4.3.ESL
7.4.4.IoT Sensors
7.4.5.Cameras
7.4.6.Software & Solutions

8.Asia Pacific
8.1.Asia Pacific Smart Shelves Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Smart Shelves Market, by Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Hardware
8.2.3.Software
8.2.4.Services
8.3.Asia Pacific Smart Shelves Market, by Application, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Supermarkets/Hypermarkets
8.3.3.Departmental Stores
8.3.4.Small Retailers
8.3.5.Brand Stores
8.3.6.Others
8.4.Asia Pacific Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.RFID Tags and Readers
8.4.3.ESL
8.4.4.IoT Sensors
8.4.5.Cameras
8.4.6.Software & Solutions

9.Latin America
9.1.Latin America Smart Shelves Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Smart Shelves Market, by Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Hardware
9.2.3.Software
9.2.4.Services
9.3.Latin America Smart Shelves Market, by Application, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Supermarkets/Hypermarkets
9.3.3.Departmental Stores
9.3.4.Small Retailers
9.3.5.Brand Stores
9.3.6.Others
9.4.Latin America Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.RFID Tags and Readers
9.4.3.ESL
9.4.4.IoT Sensors
9.4.5.Cameras
9.4.6.Software & Solutions

10.Middle East
10.1.Middle East Smart Shelves Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Smart Shelves Market, by Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Hardware
10.2.3.Software
10.2.4.Services
10.3.Middle East Smart Shelves Market, by Application, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Supermarkets/Hypermarkets
10.3.3.Departmental Stores
10.3.4.Small Retailers
10.3.5.Brand Stores
10.3.6.Others
10.4.Middle East Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.RFID Tags and Readers
10.4.3.ESL
10.4.4.IoT Sensors
10.4.5.Cameras
10.4.6.Software & Solutions

11.Africa
11.1.Africa Smart Shelves Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Smart Shelves Market, by Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Hardware
11.2.3.Software
11.2.4.Services
11.3.Africa Smart Shelves Market, by Application, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Supermarkets/Hypermarkets
11.3.3.Departmental Stores
11.3.4.Small Retailers
11.3.5.Brand Stores
11.3.6.Others
11.4.Africa Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.RFID Tags and Readers
11.4.3.ESL
11.4.4.IoT Sensors
11.4.5.Cameras
11.4.6.Software & Solutions

12.Global
12.1.Global Smart Shelves Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Hardware
12.1.3.Software
12.1.4.Services
12.2.Global Smart Shelves Market, by Application, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Supermarkets/Hypermarkets
12.2.3.Departmental Stores
12.2.4.Small Retailers
12.2.5.Brand Stores
12.2.6.Others
12.3.Global Smart Shelves Market, by End-user, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.RFID Tags and Readers
12.3.3.ESL
12.3.4.IoT Sensors
12.3.5.Cameras
12.3.6.Software & Solutions

13.Company Profiles
13.1.Huawei Technologies
13.2.Intel Corporation
13.3.Honeywell International
13.4.SOLUM Europe Gmbh
13.5.PCCW Solutions
13.6.NXP Semiconductor
13.7.MAGO
13.8.SES-IMAGOTAG
13.9.AWM Smart Shelf
13.10.Focal System
13.11.DIEBOLD NIXDORF
13.12.Dreamztech Solutions
13.13.Sennco Solutions
13.14.Happiest Minds
13.15.SES-imagotag
13.16.Pricer AB
13.17.Trax Technology Solutions
13.18.Avery Dennison Corporation
13.19.Samsung Electronics
13.20.E Ink Holdings
13.21.Others

 

List of Figures

FIG. 1Global Smart Shelves Market: Research Methodology
FIG. 2Market Size Estimation – Top Down & Bottom up Approach
FIG. 3Global Smart Shelves Market Segmentation
FIG. 4Global Smart Shelves Market, by Type, 2019 (US$ Bn)
FIG. 5Global Smart Shelves Market, by Application, 2019 (US$ Bn)
FIG. 6Global Smart Shelves Market, by Component, 2019 (US$ Bn)
FIG. 7Global Smart Shelves Market, by Geography, 2019 (US$ Bn)
FIG. 8Attractive Investment Proposition, by Geography, 2019
FIG. 9Global Market Positioning of Key Smart Shelves Market Manufacturers, 2019
FIG. 10Global Smart Shelves Market Value Contribution, By Type, 2020 & 2027 (Value %)
FIG. 11Global Smart Shelves Market, by Hardware Smart Shelves, Value, 2015-2027 (US$ Bn)
FIG. 12Global Smart Shelves Market, by Software Smart Shelves, Value, 2015-2027 (US$ Bn)
FIG. 13Global Smart Shelves Market, by Services Smart Shelves, Value, 2015-2027 (US$ Bn)
FIG. 14Global Smart Shelves Market Value Contribution, By Application, 2020 & 2027 (Value %)
FIG. 15Global Smart Shelves Market, by Supermarkets/Hypermarkets, Value, 2015-2027 (US$ Bn)
FIG. 16Global Smart Shelves Market, by Departmental Stores, Value, 2015-2027 (US$ Bn)
FIG. 17Global Smart Shelves Market, by Small Retailers, Value, 2015-2027 (US$ Bn)
FIG. 18Global Smart Shelves Market, by Brand Stores, Value, 2015-2027 (US$ Bn)
FIG. 19Global Smart Shelves Market Value Contribution, By Component, 2020 & 2027 (Value %)
FIG. 20Global Smart Shelves Market, by RFID Tags and Readers, Value, 2015-2027 (US$ Bn)
FIG. 21Global Smart Shelves Market, by ESL, Value, 2015-2027 (US$ Bn)
FIG. 22Global Smart Shelves Market, by IoT Sensors, Value, 2015-2027 (US$ Bn)
FIG. 23Global Smart Shelves Market, by Cameras, Value, 2015-2027 (US$ Bn)
FIG. 24Global Smart Shelves Market, by Software & Solutions, Value, 2015-2027 (US$ Bn)
FIG. 25U.S. Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 26Rest of North America Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 27U.K. Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 28Germany Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 29France Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 30Italy Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 31Spain Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 32Russia Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 33BENELUX Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 34Poland Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 35Austria Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 36Rest of Europe Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 37Japan Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 38China Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 39India Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 40South Korea Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 41Australia Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 42Southeast Asia Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 43Rest of Asia Pacific Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 44Middle East & Africa Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 45South Africa Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 46Nigeria Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 47Egypt Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 48GCC Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 49Israel Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 50Latin America Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 51Mechanicalzil Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 52Argentina Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 53Colombia Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 54Peru Smart Shelves Market, 2015-2027 (US$ Bn)
FIG. 55Chile Smart Shelves Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Beauty Devices (Smart Shelves) Market
TABLE 2Global Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 3Global Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 4Global Smart Shelves Market, by Geography, 2015-2027 (US$ Bn)
TABLE 5North America Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 6North America Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 7North America Smart Shelves Market, by Country, 2015-2027 (US$ Bn)
TABLE 8Europe Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 9Europe Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 10Europe Smart Shelves Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 11Asia Pacific Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Smart Shelves Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 14Latin America Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 15Latin America Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 16Latin America Smart Shelves Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 17Middle East Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 18Middle East Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 19Middle East Smart Shelves Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 20Africa Smart Shelves Market, by Type, 2015-2027 (US$ Bn)
TABLE 21Africa Smart Shelves Market, by Distribution Channel, 2015-2027 (US$ Bn)
TABLE 22Africa Smart Shelves Market, by Country/Region, 2015-2027 (US$ Bn)