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Asia Pacific Smart Retail Devices Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Technology (Digital Signage, Smart Labels, Smart Payments, Smart Carts, and Others), and Application (Predictive Equipment Maintenance, Inventory Management, Smart Fitting Room, Foot Traffic Monitoring, and Others)

Code: TIPRE00020992 | Pages: 124 | Industry: Electronics and Semiconductor | Date: Apr 2021
Covid

Market Introduction

The APAC smart retail devices market comprises key countries, including China, India, Japan, South Korea, Australia, and the Rest of APAC. The countries in the region are noticing a surge in the middle-class population and urbanization that offers plentiful opportunities for the smart retail devices market players. The rising urbanization has resulted in the growth of smart retail stores in metro cities. New commercial complexes, malls, and others are creating a demand for smart retail stores and devices. The region is the largest continent in the world and is recognized for its technological innovations. Rapid advancement in technologies, along with policy support, and economic digitization are among the major factors that support the transition of economies in APAC from the growing stage to the developed stage. These factors are correspondingly supporting the growth of SMEs. For instance, in India, strategic government initiatives—such as Digital India, Make in India, and Startup India—are providing favorable business condition to the SMEs in the country. APAC has robust IT infrastructure and strong positions in areas of new IoT product development. Moreover, the rise in smartphone and internet penetration in countries in APAC, along with Bring-Your-Own-Device (BYOD) trend is acting as a significant opportunity for players operating in the smart retail devices market. The market in APAC is anticipated to grow at the fastest pace during the forecast period due to the increasing demand for smart retail devices. The strong innovations introduced by Japan and China-based companies such as shop guidance robots, digital signages, and kiosks are augmenting the market growth. The presence of market-leading companies such as LG Electronics, Samsung, and Intel Corporations is strengthening the market growth.

APAC a significant growth driving region for various markets, including smart retail devices. The retail sector in this region presents a massive opportunity for the growth of the smart retail devices market. The ongoing COVID-19 outbreak is anticipated to cause considerable disruptions in the growth of various industries of the APAC region. For example, China is the hub of manufacturing and the most abundant raw material supplier for multiple industries, and it is one of the worst affected countries. The temporary shutdown of plants and factories in China changes the supply chains and negatively impacts delivery schedules, and sales of multiple products and services.     

Market Overview and Dynamics

The smart retail devices market in APAC is expected to grow from US$ 3,327.87 million in 2019 to US$ 5,467.51 million by 2027; it is estimated to grow at a CAGR of 6.9% from 2020 to 2027. In the transportation and logistics industry, the adoption of smart transportation solutions is further boosted with the integration of real-time sensors to collect data, streamline logistics operations, and send alerts to optimize delivery routes along with monitoring the performance. The deployment of off-road vehicle sensors permits the business to have a real-time tracking of their fleet, both off-road and on-road. The real-time sensors sense and record accurate data that help in making intelligent business decisions. Furthermore, the idea of smart retail includes the movement of merchandise with the help of smart transportation. The smart transportation application in retail allows users to precisely track the delivery trucks and optimize the routes with the help of GPS navigation. The integration of retail devices in the smart transportation is boosting exponentially across APAC.

Key Market Segments

The APAC market for smart retail devices is segmented into technology, application, and country. Based on technology, the APAC smart retail devices market is divided into digital signage, smart labels, smart payments, smart carts, and others. Smart payments segment is projected to be the fastest growing segment over the forecast period. On basis of application, the market is segmented into predictive equipment maintenance, inventory management, smart fitting room, foot traffic monitoring, and others. Further, in 2019, predictive equipment maintenance led the APAC smart retail devices market.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the smart retail devices market in APAC are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Intel Corporation; LG Electronics; Nvidia Corporation; Panasonic Corporation; Samsung Group; and Zebra Technologies Corporation.

Reasons to buy report

  • To understand the APAC smart retail devices market landscape and identify market segments that are most likely to guarantee a strong return.
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC smart retail devices market.
  • Efficiently plan M&A and partnership deals in APAC smart retail devices market by identifying market segments with the most promising probable sales.
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC smart retail devices market.
  • Obtain market revenue forecast for market by various segments from 2020-2027 in APAC region.

APAC Smart Retail Devices Market Segmentation

APAC Smart Retail Devices Market ­- By Technology

  • Digital Signage
  • Smart Labels
  • Smart Payments
  • Smart Carts
  • Others

APAC Smart Retail Devices Market ­- By Application

  • Predictive Equipment Maintenance
  • Inventory Management
  • Smart Fitting Room
  • Foot Traffic Monitoring
  • Others

APAC Smart Retail Devices Market ­- By Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC  

APAC Smart Retail Devices Market - Company Profiles

  • Intel Corporation
  • LG Electronics
  • Nvidia Corporation
  • Panasonic Corporation
  • Samsung Group
  • Zebra Technologies Corporation
 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC Smart Retail Devices Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinions

5.           APAC Smart Retail Devices Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Smart Transportation Demand Rising

5.1.2        Animatronics and Robotics Witnessing High Adoption

5.2         Market Restraints

5.2.1        Smart Retail Devices Requiring High Cost of Development and Maintenance

5.3         Market Opportunities

5.3.1        Surge in Demand for Smart Retail and Transportation & Logistics

5.4         Future Trends

5.4.1        Blockchain Technology Simplifying Smart Payments

5.5         Impact Analysis of Drivers and Restraints

6.           Smart Retail Devices Market – APAC Analysis

6.1         Overview

6.2         APAC Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

7.           APAC Smart Retail Devices Market Analysis, by Technology

7.1         Overview

7.2         APAC Smart Retail Devices Market, by Technology (2019 and 2027)

7.3         Digital Signage

7.3.1        Overview

7.3.2        Digital Signage: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.4         Smart Labels

7.4.1        Overview

7.4.2        Smart Labels: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.5         Smart Payments

7.5.1        Overview

7.5.2        Smart Payments: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.6         Smart Carts

7.6.1        Overview

7.6.2        Smart Carts: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

7.7         Others

7.7.1        Overview

7.7.2        Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.           APAC Smart Retail Devices Market - by Application

8.1         Overview

8.2         APAC Smart Retail Devices Market, by Application (2019 and 2027)

8.3         Predictive Equipment Maintenance

8.3.1        Overview

8.3.2        Predictive Equipment Maintenance: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.4         Inventory Management

8.4.1        Overview

8.4.2        Inventory Management: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.5         Smart Fitting Rooms

8.5.1        Overview

8.5.2        Smart Fitting Room: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.6         Foot Traffic Monitoring

8.6.1        Overview

8.6.2        Foot Traffic Monitoring: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

8.7         Others

8.7.1        Overview

8.7.2        Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

9.           APAC Smart Retail Devices Market – Country Analysis

9.1         Overview

9.1.2        APAC: Smart Retail Devices Market, By Key Country

9.1.2.1          China: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.1.1          China: Smart Retail Devices Market, By Technology

9.1.2.1.2          China: Smart Retail Devices Market, By Application

9.1.2.2          India: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.2.1          India: Smart Retail Devices Market, By Technology

9.1.2.2.2          India: Smart Retail Devices Market, By Application

9.1.2.3          Japan: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.3.1          Japan: Smart Retail Devices Market, By Technology

9.1.2.3.2          Japan: Smart Retail Devices Market, By Application

9.1.2.4          South Korea: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.4.1          South Korea: Smart Retail Devices Market, By Technology

9.1.2.4.2          South Korea: Smart Retail Devices Market, By Application

9.1.2.5          Australia: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.5.1          Australia: Smart Retail Devices Market, By Technology

9.1.2.5.2          Australia: Smart Retail Devices Market, By Application

9.1.2.6          Rest of APAC: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

9.1.2.6.1          Rest of APAC: Smart Retail Devices Market, By Technology

9.1.2.6.2          Rest of APAC: Smart Retail Devices Market, By Application

10.        Impact of COVID-19 Pandemic

10.1      APAC

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

11.4      Partnership

12.        COMPANY PROFILES

12.1      Intel Corporation

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      Samsung Group

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      NVIDIA CORPORATION

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      LG Electronics

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      Zebra Technologies Corporation

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      Panasonic Corporation

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

13.        Appendix

13.1      About The Insight Partners

             13.2      Word Index

LIST OF TABLES

Table 1.             APAC Smart Retail Devices Market – Revenue, and Forecast to 2027 (US$ Million)

Table 2.             APAC Smart Retail Devices Market, By Country – Revenue and Forecast to 2027 (USD Million)

Table 3.             China: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 4.             China: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             India: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 6.             India: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 7.             Japan: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 8.             Japan: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 9.             South Korea: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 10.          South Korea: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Australia: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Australia: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 13.          Rest of APAC: Smart Retail Devices Market, By Technology –Revenue and Forecast to 2027 (US$ Million)

Table 14.          Rest of APAC: Smart Retail Devices Market, By Application –Revenue and Forecast to 2027 (US$ Million)

Table 15.            List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC Smart Retail Devices Market Segmentation

Figure 2.           APAC Smart Retail Devices Market Segmentation – By Country

Figure 3.           APAC Smart Retail Devices Market Overview

Figure 4.           APAC Smart Retail Devices Market, By Technology

Figure 5.           APAC Smart Retail Devices Market, By Application

Figure 6.           APAC Smart Retail Devices Market, by Country

Figure 7.           APAC– PEST Analysis

Figure 8.           APAC Smart Retail Devices Market: Ecosystem Analysis

Figure 9.           APAC Smart Retail Devices Market: Impact Analysis of Drivers and Restraints

Figure 10.        APAC Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 11.        APAC Smart Retail Devices Market Revenue Share, by Technology (2019 and 2027)

Figure 12.        APAC Digital Signage: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 13.        APAC Smart Labels: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Smart Payments: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Smart Carts: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 17.        APAC Smart Retail Devices Market Revenue Share, by Application (2019 and 2027)

Figure 18.        APAC Predictive Equipment Maintenance: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Inventory Management: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC Smart Fitting Room: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 21.        APAC Foot Traffic Monitoring: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC Others: Smart Retail Devices Market Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC: Smart Retail Devices Market, by Key Country – Revenue (2019) (US$ Million)

Figure 24.        APAC: Smart Retail Devices Market Revenue Share, By Key Country (2020 & 2027)

Figure 25.        China: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        India: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.        Japan: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 28.        South Korea: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        Australia: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        Rest of APAC: Smart Retail Devices Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. Intel Corporation
  2. LG Electronics
  3. Nvidia Corporation
  4. Panasonic Corporation
  5. Samsung Group
  6. Zebra Technologies Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC smart retail devices market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC smart retail devices market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the smart retail devices market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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