Global Smart Shelves Market Share & Trends Estimated to Reach USD 14.88 Billion By 2030,

According to a new research report, the global smart shelves market share & trends increases from USD 2.64 Billion in 2021 to reach USD 14.88 Billion by 2030, growing at a CAGR of 22.2% during the forecast period.

Smart shelves refer to the incorporation of wireless technology that automatically keeps track of inventory in any retail store. They use weight sensors that detect when an item has been purchased or removed from a shelf. This ultimately provides manufacturers with real-time data about the usage of their products and get sales data, as well as stock availability. Smart shelves also enhance the customer shopping experience by providing detailed product information.

The store shelves are also equipped with 3D cameras, weight sensors, proximity sensors, NFC, microphones, RFID tags, electronic printed tags, LED sensors, optical sensors, IOT sensors, etc. that track shelf stock. Factors such as rising demand for real-time stock information in retail and growing adoption of technologies such as IoT and RFID are anticipated to drive the demand for smart shelves market.