The North America Smart Shelves Market would witness market growth of 21.6% CAGR during the forecast period (2021-2027). The smart shelves refer to the integrated framework providing superior control and connectivity of hypermarket inventory.
The smart shelves are integrated with weight sensors and these sensors send alerts to the back-end system when a product is lifted. Also, these shelves also send a notification as missing products to the back-end system when it identifies an item that does not belong to that segment. Retailers get a lot of information using smart shelf which helps them to improve their customer services. The retail sector is anticipated to manage customer demands in a better way and offer a superior shopping experience by bringing digitalization in the stored and hypermarkets.
As the retail industry is going through some huge transformation, the retailers currently face a lot of challenges. Retailers find it hard to deal with these challenges, including reducing customer loyalty, management of operational efficiency, internal communication gap, ever-changing customer expectations, and employee retention. With the rising trend of e-commerce platforms, customers have various alternatives causing a massive reduction in their dependency on physical stores. Retailers are deploying advanced technologies like smart shelves, ESL, and IoT with an aim to reduce the effects of these challenges. There is a high focus on the deployment of IoT for asset management and operation optimization. Retailers are putting massive investment on emerging opportunities domains like smart shelf, smart checkout, and location-based marketing. The growing adoption of interactive vending machines, contactless payment technologies, and smart kiosks, in retail stores, reveals that retailers aim for new growth possibilities to improve their grip on customers.
The US market dominated the North America Smart Shelves Small & Medium Enterprises Market by Country 2020, thereby, achieving a market value of $472.2 million by 2027. The Canada market is experiencing a CAGR of 27.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 26.4% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Hardware Segment is further bifurcated across RFID Tags & Readers, Cameras, Digital Displays, Electronic Shelf Labels, IoT Sensors and Others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Inventory Management, Pricing Management, Content Management, Planogram Management and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Shelves Market is Estimated to Reach USD 7.8 Billion by 2027 at a CAGR of 22.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Intel Corporation, Samsung Electronics Co., Ltd. (Samsung Group), Avery Dennison Corporation, BOE Technology Group Co., Ltd. (SES-Imagotag), E Ink Holdings, Inc. (YFY, Inc.), Pricer AB, Trax Technology Solutions Pte. Ltd., and Nexcom International Co., Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- RFID Tags & Readers
- Cameras
- Digital Displays
- Electronic Shelf Labels
- IoT Sensors
- Others
- Software
- Services
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Inventory Management
- Pricing Management
- Content Management
- Planogram Management
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Intel Corporation
- Samsung Electronics Co., Ltd. (Samsung Group)
- Avery Dennison Corporation
- BOE Technology Group Co., Ltd. (SES-Imagotag)
- E Ink Holdings, Inc. (YFY, Inc.)
- Pricer AB
- Trax Technology Solutions Pte. Ltd.
- Nexcom International Co., Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Shelves Market, by Component
1.4.2 North America Smart Shelves Market, by Organization Size
1.4.3 North America Smart Shelves Market, by Application
1.4.4 North America Smart Shelves Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2016-2020)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Feb) Leading Players
Chapter 4. North America Smart Shelves Market by Organization Size
4.1 North America Smart Shelves Large Enterprises Market by Country
4.2 North America Smart Shelves Small & Medium Enterprises Market by Country
Chapter 5. North America Smart Shelves Market by Application
5.1 North America Inventory Management Smart Shelves Market by Country
5.2 North America Pricing Management Smart Shelves Market by Country
5.3 North America Content Management Smart Shelves Market by Country
5.4 North America Planogram Management Smart Shelves Market by Country
5.5 North America Other Application Smart Shelves Market by Country
Chapter 6. North America Smart Shelves Market by Component
6.1 North America Smart Shelves Hardware Market by Country
6.2 North America Smart Shelves Market by Hardware Type
6.2.1 North America RFID Tags & Readers Smart Shelves Market by Country
6.2.2 North America Cameras Smart Shelves Market by Country
6.2.3 North America Digital Displays Smart Shelves Market by Country
6.2.4 North America Electronic Shelf Labels Smart Shelves Market by Country
6.2.5 North America IoT Sensors Smart Shelves Market by Country
6.2.6 North America Others Smart Shelves Market by Country
6.3 North America Smart Shelves Software Market by Country
6.4 North America Smart Shelves Services Market by Country
Chapter 7. North America Smart Shelves Market by Country
7.1 US Smart Shelves Market
7.1.1 US Smart Shelves Market by Organization Size
7.1.2 US Smart Shelves Market by Application
7.1.3 US Smart Shelves Market by Component
7.1.3.1 US Smart Shelves Market by Hardware Type
7.2 Canada Smart Shelves Market
7.2.1 Canada Smart Shelves Market by Organization Size
7.2.2 Canada Smart Shelves Market by Application
7.2.3 Canada Smart Shelves Market by Component
7.2.3.1 Canada Smart Shelves Market by Hardware Type
7.3 Mexico Smart Shelves Market
7.3.1 Mexico Smart Shelves Market by Organization Size
7.3.2 Mexico Smart Shelves Market by Application
7.3.3 Mexico Smart Shelves Market by Component
7.3.3.1 Mexico Smart Shelves Market by Hardware Type
7.4 Rest of North America Smart Shelves Market
7.4.1 Rest of North America Smart Shelves Market by Organization Size
7.4.2 Rest of North America Smart Shelves Market by Application
7.4.3 Rest of North America Smart Shelves Market by Component
7.4.3.1 Rest of North America Smart Shelves Market by Hardware Type
Chapter 8. Company Profiles
8.1 Honeywell International, Inc.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Regional & Segmental Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Product Launches and Product Expansions:
8.1.6 SWOT Analysis
8.2 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.3 Intel Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Samsung Electronics Co., Ltd. (Samsung Group)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 SWOT Analysis
8.5 Avery Dennison Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Geographical Expansions:
8.6 BOE Technology Group Co., Ltd. (SES-Imagotag)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Recent strategies and developments:
8.6.3.1 Partnerships, Collaborations, and Agreements:
8.7 E Ink Holdings, Inc. (YFY, Inc.)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental And Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.8 Pricer AB
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.9 Trax Technology Solutions Pte. Ltd.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.2.2 Product Launches and Product Expansions:
8.9.2.3 Acquisition and Mergers:
8.10. Nexcom International Co., Ltd.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Smart Shelves Market, 2017 - 2020, USD Million
TABLE 2 North America Smart Shelves Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Shelves Market
TABLE 4 Product Launches And Product Expansions– Smart Shelves Market
TABLE 5 Geographical Expansions– Smart Shelves Market
TABLE 6 Acquisition and Mergers– Smart Shelves Market
TABLE 7 North America Smart Shelves Market by Organization Size, 2017 - 2020, USD Million
TABLE 8 North America Smart Shelves Market by Organization Size, 2021 - 2027, USD Million
TABLE 9 North America Smart Shelves Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Smart Shelves Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Smart Shelves Small & Medium Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Smart Shelves Small & Medium Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Smart Shelves Market by Application, 2017 - 2020, USD Million
TABLE 14 North America Smart Shelves Market by Application, 2021 - 2027, USD Million
TABLE 15 North America Inventory Management Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Inventory Management Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Pricing Management Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Pricing Management Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Content Management Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Content Management Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Planogram Management Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Planogram Management Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Other Application Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Other Application Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Smart Shelves Market by Component, 2017 - 2020, USD Million
TABLE 26 North America Smart Shelves Market by Component, 2021 - 2027, USD Million
TABLE 27 North America Smart Shelves Hardware Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Smart Shelves Hardware Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Smart Shelves Market by Hardware Type, 2017 - 2020, USD Million
TABLE 30 North America Smart Shelves Market by Hardware Type, 2021 - 2027, USD Million
TABLE 31 North America RFID Tags & Readers Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 32 North America RFID Tags & Readers Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Cameras Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Cameras Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 35 North America Digital Displays Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Digital Displays Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Electronic Shelf Labels Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Electronic Shelf Labels Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 39 North America IoT Sensors Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 40 North America IoT Sensors Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Others Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Others Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Smart Shelves Software Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Smart Shelves Software Market by Country, 2021 - 2027, USD Million
TABLE 45 North America Smart Shelves Services Market by Country, 2017 - 2020, USD Million
TABLE 46 North America Smart Shelves Services Market by Country, 2021 - 2027, USD Million
TABLE 47 North America Smart Shelves Market by Country, 2017 - 2020, USD Million
TABLE 48 North America Smart Shelves Market by Country, 2021 - 2027, USD Million
TABLE 49 US Smart Shelves Market, 2017 - 2020, USD Million
TABLE 50 US Smart Shelves Market, 2021 - 2027, USD Million
TABLE 51 US Smart Shelves Market by Organization Size, 2017 - 2020, USD Million
TABLE 52 US Smart Shelves Market by Organization Size, 2021 - 2027, USD Million
TABLE 53 US Smart Shelves Market by Application, 2017 - 2020, USD Million
TABLE 54 US Smart Shelves Market by Application, 2021 - 2027, USD Million
TABLE 55 US Smart Shelves Market by Component, 2017 - 2020, USD Million
TABLE 56 US Smart Shelves Market by Component, 2021 - 2027, USD Million
TABLE 57 US Smart Shelves Market by Hardware Type, 2017 - 2020, USD Million
TABLE 58 US Smart Shelves Market by Hardware Type, 2021 - 2027, USD Million
TABLE 59 Canada Smart Shelves Market, 2017 - 2020, USD Million
TABLE 60 Canada Smart Shelves Market, 2021 - 2027, USD Million
TABLE 61 Canada Smart Shelves Market by Organization Size, 2017 - 2020, USD Million
TABLE 62 Canada Smart Shelves Market by Organization Size, 2021 - 2027, USD Million
TABLE 63 Canada Smart Shelves Market by Application, 2017 - 2020, USD Million
TABLE 64 Canada Smart Shelves Market by Application, 2021 - 2027, USD Million
TABLE 65 Canada Smart Shelves Market by Component, 2017 - 2020, USD Million
TABLE 66 Canada Smart Shelves Market by Component, 2021 - 2027, USD Million
TABLE 67 Canada Smart Shelves Market by Hardware Type, 2017 - 2020, USD Million
TABLE 68 Canada Smart Shelves Market by Hardware Type, 2021 - 2027, USD Million
TABLE 69 Mexico Smart Shelves Market, 2017 - 2020, USD Million
TABLE 70 Mexico Smart Shelves Market, 2021 - 2027, USD Million
TABLE 71 Mexico Smart Shelves Market by Organization Size, 2017 - 2020, USD Million
TABLE 72 Mexico Smart Shelves Market by Organization Size, 2021 - 2027, USD Million
TABLE 73 Mexico Smart Shelves Market by Application, 2017 - 2020, USD Million
TABLE 74 Mexico Smart Shelves Market by Application, 2021 - 2027, USD Million
TABLE 75 Mexico Smart Shelves Market by Component, 2017 - 2020, USD Million
TABLE 76 Mexico Smart Shelves Market by Component, 2021 - 2027, USD Million
TABLE 77 Mexico Smart Shelves Market by Hardware Type, 2017 - 2020, USD Million
TABLE 78 Mexico Smart Shelves Market by Hardware Type, 2021 - 2027, USD Million
TABLE 79 Rest of North America Smart Shelves Market, 2017 - 2020, USD Million
TABLE 80 Rest of North America Smart Shelves Market, 2021 - 2027, USD Million
TABLE 81 Rest of North America Smart Shelves Market by Organization Size, 2017 - 2020, USD Million
TABLE 82 Rest of North America Smart Shelves Market by Organization Size, 2021 - 2027, USD Million
TABLE 83 Rest of North America Smart Shelves Market by Application, 2017 - 2020, USD Million
TABLE 84 Rest of North America Smart Shelves Market by Application, 2021 - 2027, USD Million
TABLE 85 Rest of North America Smart Shelves Market by Component, 2017 - 2020, USD Million
TABLE 86 Rest of North America Smart Shelves Market by Component, 2021 - 2027, USD Million
TABLE 87 Rest of North America Smart Shelves Market by Hardware Type, 2017 - 2020, USD Million
TABLE 88 Rest of North America Smart Shelves Market by Hardware Type, 2021 - 2027, USD Million
TABLE 89 Key information – Honeywell International, Inc.
TABLE 90 key information – Huawei Technologies Co., Ltd.
TABLE 91 Key Information – Intel Corporation
TABLE 92 Key Information –Samsung Electronics Co., Ltd.
TABLE 93 Key Information – Avery Dennison Corporation
TABLE 94 Key Information – BOE Technology Group Co., Ltd.
TABLE 95 Key Information – E Ink Holdings, Inc.
TABLE 96 key information – Pricer AB
TABLE 97 Key Information – Trax Technology Solutions Pte. Ltd.
TABLE 98 Key Information – Nexcom International Co., Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2016-2020)
FIG 4 Key Strategic Move: (Partnerships, Collaborations, and Agreements : 2017, Jan – 2021, Feb) Leading Players
FIG 5 Recent strategies and developments: Honeywell International, Inc.
FIG 6 Swot analysis: Honeywell international, inc.
FIG 7 SWOT analysis: Intel corporation
FIG 8 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 9 Recent strategies and developments: Pricer AB
FIG 10 Recent strategies and developments: Trax Technology Solutions Pte. Ltd.