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The Self-Service Supermarket Sensor market was estimated at around 3.2 billion in 2021, growing at a CAGR of nearly 10.6% during 2022-2030. The market is projected to reach approximately USD 9.8 billion by 2030.
Self-checkout systems are automated systems used in the retail, supermarket, and hospitality sectors to assist customers with self-ordering and checkout without the assistance of any staff members. The previous self-checkout systems required a substantial amount of storage space and consisted of discrete, off-the-shelf components. The modern self-checkout systems, on the other hand, are redesigned and produced to meet market demand to fit the store layout and enhance functionality, cost, form factors, and dependability. Cashless systems are now being offered by kiosk suppliers because to the increased popularity of safe and self-payment technology, which is anticipated to drive market expansion over the coming years.
Automation is quickly replacing traditional forces of transformation in many global sectors. Self-checkout systems are projected to become more prevalent in warehouses and store operations due to the rising adoption of automation across sectors and businesses including retail and hospitality. Self-ordering, self-scan and pay, and other features that reduce long lines are factors in their rising market popularity. The adoption of robotic and automation goods has also significantly increased in the retail sector over the past several years because of the shrinking workforce.
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Self Service Supermarket Sensor Market: COVID – 19 Impact Analysis
The COVID-19 pandemic has had a major impact on the global economy. Governments around the world have been forced to take many precautionary measures due to the spread of COVID-19. Many merchants are adopting business models from zero-touch procedures to remote working at a higher rate. These actions paved the way for commercial expansion, but they also brought obstacles. In addition, due to the shortage of workers in retail stores, customers tend to self-service purchases, choosing the items they need without the help of sales associates who can explain each item in detail. became. However, sourcing raw materials and parts across countries has been a struggle among vendors due to business shutdowns. Component supplies were limited as most vendors were based in China and other Asia-Pacific countries.
Customer service enhancement to accelerate the market’s growth
There have been initiatives to better the consumer experience. The companies are empowered by the usage of the self-service products. They are getting excellent outcomes in terms of client satisfaction and loyalty by doing this. A significant motivator is the greater accessibility of tools connected to service touchpoints.
The market is still expanding at a steady rate thanks to technological advancements and rising IoT penetration in the retail sector. To alleviate in-store problems with inventory mapping, product information identification, payment, and customer experience, store owners are spending more and more in technology. For example, motion sensors and lasers assist merchants in identifying products that have been shoplifted or that have not been scanned at self-checkout counters. Self-checkout systems would also make it easier for customers to understand the various product features and promotional offers made available in the store and check out fast without assistance from staff. To increase customer involvement and improve their shopping experiences, self-checkout systems also act as an extra touchpoint for business owners.
The market is likely to grow steadily because of the advantages listed above, although lack of awareness and an increase in skimming, fraud, and shoplifting are expected to hinder market expansion. Another element that could influence the industry's growth is the older population's reluctance to use self-checkout services. Seniors with mobility problems and illnesses like dementia, as well as those with hearing, vision, and memory loss, need extra exceptional care. Additionally, poor technology know-how in underdeveloped nations sometimes leads to the avoidance of self-checkout systems throughout retail establishments.
In 2021, the systems category had the highest revenue share more than 61%. The significant proportion is attributable to the increasing use of cutting-edge technology in self-checkout systems, including artificial intelligence, voice interface, and computer vision. Retailers strongly favour modern hardware systems over outdated checkout procedures. The most recent hybrid self-checkout systems include cutting-edge security-based features, large coin dispenser capacities, and user-friendly consumer interfaces, as well as multi-item scanning and cashless transactions. Additionally, the increased consumer preference for both cash and cashless transactions is forcing shops to set up brand-new, high-tech systems.
With a revenue share of more than 50% in 2021, cash-based systems became the largest sector. The market is being driven by small, medium, and big retailers' expanding options for paper-based transactions. Customers who only have a few goods in their luggage prefer to pay at self-service kiosks in retail establishments. Additionally, many customers choose using cash or a credit card to pay. The higher level of consumer flexibility provided by cash-based systems for both cash and cashless transactions contributes to the segment's expansion. The U.S. government's promotion of cash-based transactions in retail establishments is another factor that is impacting the market's expansion.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Billion |
| CAGR (2022 to 2030) | 10.6% |
| Segments Covered |
By Component |
Regional Landscape
Over the course of the projected period, Asia Pacific is anticipated to become the region with the quickest rate of growth. The expansion of the regional market is anticipated to be aided by the expansion of the retail and hospitality sectors as well as the expanding automation and digitalization trend. To give customers a seamless shopping experience, retail shops in the area are growing through hyperlocal services and progressively embracing omnichannel techniques. Other factors that led to the expansion of the regional market were an increase in household costs, a decline in household size, rapid urbanization, rising disposable income, and the adoption of new technologies. For instance, Worldline, a French multinational provider of payment and transactional services, and Toshiba Corporation, a Japanese corporation, collaborated in June 2021 to assist the former in commercializing their Pro-X Hybrid Kiosk.
The global Self Service Supermarket Sensor market is segmented as follows:
By Component
By Type
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Component
4.3.2. Market Attractiveness Analysis By Type
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Customer service enhancement to accelerate the market’s growth
5.3. Restrains
5.3.1. Availability of substitute/lack of knowledge would hamper the market
5.4. Opportunities
5.4.1. Growing market
6. Global Self Service Supermarket Sensor Market Analysis and Forecast, By Component
6.1. Segment Overview
6.2. Systems
6.3. Services
7. Global Self Service Supermarket Sensor Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Cash-Based Systems
7.3. Cashless-Based Systems
8. Global Self Service Supermarket Sensor Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Self Service Supermarket Sensor Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Self Service Supermarket Sensor market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Component Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. Diebold Nixdorf, Incorporated
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Type Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. ECR Software Corporation
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Type Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. FUJITSU
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Type Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Gilbarco Inc.
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Type Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. ITAB Group
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Type Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. NCR Corporation
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Type Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Pan-Oston
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Type Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. PCMS Groups Ltd.
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Type Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Strong Point
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Type Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Toshiba Global Commerce Solutions
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Type Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
2. Global Systems Self Service Supermarket Sensor Market, By Region, 2022-2030(USD Billion)
3. Global Services Self Service Supermarket Sensor Market, By Region, 2022-2030(USD Billion)
4. Global Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
5. Global Cash-Based Systems Self Service Supermarket Sensor Market, By Region, 2022-2030(USD Billion)
6. Global Cashless-Based Systems Self Service Supermarket Sensor Market, By Region, 2022-2030(USD Billion)
7. Global Self Service Supermarket Sensor Market, By Region, 2022-2030(USD Billion)
8. Global Self Service Supermarket Sensor Market, By North America, 2022-2030(USD Billion)
9. North America Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
10. North America Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
11. U.S. Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
12. U.S. Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
13. Canada Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
14. Canada Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
15. Mexico Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
16. Mexico Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
17. Europe Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
18. Europe Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
19. Germany Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
20. Germany Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
21. France Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
22. France Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
23. U.K. Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
24. U.K. Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
25. Italy Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
26. Italy Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
27. Spain Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
28. Spain Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
29. Rest of Europe Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
30. Rest of Europe Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
31. Asia Pacific Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
32. Asia Pacific Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
33. Japan Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
34. Japan Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
35. China Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
36. China Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
37. India Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
38. India Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
39. Australia Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
40. Australia Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
41. South Korea Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
42. South Korea Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
43. Rest of Asia-Pacific Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
44. Rest of Asia-Pacific Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
45. South America Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
46. South America Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
47. Brazil Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
48. Brazil Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
49. Argentina Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
50. Argentina Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
51. Rest of Latin America Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
52. Rest of Latin America Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
53. Middle East and Africa Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
54. Middle East and Africa Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
55. UAE Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
56. UAE Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
57. South Africa Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
58. South Africa Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
59. Egypt Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
60. Egypt Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
61. Kuwait Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
62. Kuwait Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
63. Saudi Arabia Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
64. Saudi Arabia Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
65. Rest of Middle East Self Service Supermarket Sensor Market, By Component, 2022-2030(USD Billion)
66. Rest of Middle East Self Service Supermarket Sensor Market, By Type, 2022-2030(USD Billion)
List of Figures
1. Global Self Service Supermarket Sensor Market Segmentation
2. Self Service Supermarket Sensor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Self Service Supermarket Sensor Market Attractiveness Analysis By Component
9. Global Self Service Supermarket Sensor Market Attractiveness Analysis By Type
10. Global Self Service Supermarket Sensor Market Attractiveness Analysis By Region
11. Global Self Service Supermarket Sensor Market: Dynamics
12. Global Self Service Supermarket Sensor Market Share By Component(2022 & 2030)
13. Global Self Service Supermarket Sensor Market Share By Type(2022 & 2030)
14. Global Self Service Supermarket Sensor Market Share by Regions (2022 & 2030)
15. Global Self Service Supermarket Sensor Market Share by Company (2021)
By Component
By Type
By Region/Geography
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