The Smart Shelf Market size is estimated at USD 3.77 billion in 2023, and is expected to reach USD 10.29 billion by 2028, growing at a CAGR of 22.26% during the forecast period (2023-2028).
Smart shelves are electronically connected shelves used in retail outlets to track inventory. Smart shelves use a combination of digital displays, RFID tags, and sensors to provide detailed product information, cross-selling recommendations, and marketing. They also provide retailers with valuable insights into customer shopping patterns and preferences.
The Smart Shelf Market is competitive in nature because of the presence of several global companies. Some of the key players are Avery Dennison Corporation, AWM Smart Shelf, Huawei Technologies Co. Ltd, Dreamztech Solutions Inc., E Ink Holdings Inc., Focal Systems Inc., Happiest Minds Technologies Limited, and many others. Key players in this market are introducing new innovative products and forming partnerships and collaborations to gain competitive advantages.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook