The Smart Shelves Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart Shelves Market?
The smart shelves market has seen rapid expansion in recent years. The market size was $3.99 billion in 2024 and is projected to increase to $4.79 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 20.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart Shelves Industry?
The Smart Shelves market is predicted to reach a size of $9.81 billion by 2029. It is anticipated to expand at a compound annual growth rate (CAGR) of 19.6%.
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What are the Key Growth Drivers Fueling the Smart Shelves Market?
The key drivers in the smart shelves market are:
• Preference towards contactless shopping and growth of autonomous stores
• Rising demand for real-time pricing updates and customization of shelf displays
• Use of sustainable materials in the construction of smart shelves
• Increasing global expansion and adoption of smart retail solutions
Global Market Segmentation: Identifying Major Smart Shelves Industry Segments
The smart shelves market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprise
3) By Application: Planogram Management, Inventory Management, Pricing Management, Content Management, Other Applications
4) By End-User: Departmental Stores, Supermarkets, Specialty Stores, Other End-Users
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What are the Emerging Trends Shaping the Future of the Smart Shelves Market?
The key trends in the smart shelves market are:
• The integration of RFID technology is an emerging trend in the smart shelves market.
• Increased efforts towards implementing automation for inventory management.
• There is escalating focus on introducing electronic shelf labels (ESLs) on smart shelves.
• There is a growing trend of focusing on security and Anti-theft measures, and collaboration with e-commerce platforms.
Who Are the Top Competitors & Leading Players in the Smart Shelves Market?
Major companies in the smart shelves market are:
• Happiest Minds Technologies Pvt. Ltd.
• Intel Corporation
• Avery International Corporation
• Honeywell International Inc.
• Huawei Technologies Co. Ltd.
• NXP Semiconductors N.V.
• E Ink Corporation
• Samsung Electronics Co. Ltd.
• Software AG
• Cisco Systems Inc.
• Trax Retail Inc.
• Minew Technologies Co. Ltd.
• SES-Imagotag SA
• Pricer AB
• SOLUM Europe GmbH
• BOE Technology Group Co. Ltd.
• Lenovo PCCW Solutions Limited
• Microsoft Corporation
• Amazon.com Inc.
• Google LLC
• IBM Corporation
• Oracle Corporation
• SAP SE
• Zebra Technologies Corporation
• Advantech Co. Ltd.
• NCR Corporation
• Toshiba Corporation
• Panasonic Corporation
• LG Electronics Inc.
• NEC Corporation
• Fujitsu Limited
• Hewlett Packard Enterprise Company
• Dell Technologies Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the smart shelves market in 2024
