Smart Labels Market Overview

The Smart Labels Market Research Report provides industry overview which includes the dynamics, size, share, upcoming trends, demand, market growth, value, top key players, drivers, restraints and expert review with SWOT analysis. The research report provides market analysis by Technology (EAS, RFID, Sensing, ESL, NFC tags), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Electronic & IT asset, Others), End-use Industry - Forecast. The Smart Labels Market is projected to grow from USD 4.45 Billion in 2016 to USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%. The market for smart labels is growing due to increasing demand in industries such as retail, healthcare, FMCG, packaging, construction, and automotive. Along with the same, the need for automated and streamlined operations in the enterprises has fostered the market for smart labels.

Smart Labels Market Key Players

  • CCL Industries, Inc. (U.S.)
  • Checkpoint Systems, Inc. (U.S.)
  • Avery Dennison Corporation (U.S.)
  • Sato Holdings Corporation (Japan)
  • Zebra Technologies Corporation (U.S.)
  • Muhlbauer Holding Ag & Co. Kgaa (Germany)
  • Smartrac N.V. (The Netherlands)
  • Ask S. A. (France)
  • Graphic Label, Inc. (U.S.)
  • Thin Film Electronics ASA (Norway)
  • Willian Frick & Company (U.S.)

Checkpoint Systems, Inc. operates through three business segments, namely, merchandise availability solutions, apparel labelling solutions, and retail merchandising solutions. The merchandise availability solutions segment provides electronic article surveillance (EAS) systems, including antennas and deactivation units. The EAS consumables include alpha solutions, store security system installations, monitoring solutions (CheckView), radio frequency identification (RFID) systems, software, tags, and labels.

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Smart Labels Market Segmentation

The research report segments into the following submarkets - 

By Technology:

  • EAS labels
  • RFID labels
  • Sensing labels
  • Electronic shelf/dynamic display labels
  • NFC tags

RFID labels to gain maximum traction during the forecast period

RFID labels are highly preferred to maintain the synchronized supply chain management and inventory management systems in the organization. Due to the traceability property of RFID labels, they are used in a variety of end-use industries such as automotive, retail, healthcare, manufacturing, and FMCG.

By End-Use Industry:

  • FMCG
  • Retail
  • Automotive
  • Logistics
  • Manufacturing
  • Healthcare
  • Others (aerospace, library, construction, and postal services)

By Component:

  • Batteries
  • Transceivers
  • Microprocessors
  • Memories
  • Others (antenna and other basic component)

By Application:

  • Electronics and IT asset
  • Equipment
  • Retail & Inventory tracking
  • Pallet
  • Perishable goods
  • Others (reusable goods, security access, patient care smart wrist bands, and general assets)

Perishable goods segment is projected to grow at the fastest rate during the forecast period

Smart labels market is segmented on the basis of application into electronics & IT asset, equipment, retail & inventory tracking, pallets, perishable goods, and others. In 2015, the retail & inventory tracking segment accounted for the largest share of the application segment. 

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By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW

Asia-Pacific to play a key role in the market for smart labels

On the basis of key regions, the market for smart labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). The low labor costs, excellent industrialization, a huge scope for FDI, emerging economic conditions, and an excellent hold on industries such as automotive, retail, manufacturing, construction, and healthcare have played a key role in the growth of the market for smart labels in the Asia-Pacific region.

Table of Contents:

  • Executive Summary
  • Scope/opportunities of the Smart Labels Market Report
  • Research Methodology
  • Smart Labels Market Landscape
  • SWOT Analysis
  • Market Sizing
  • Smart Labels Market Segmentation
  • Customer Landscape
  • Regional Landscape
  • Business Decision Framework
  • Drivers And Challenges
  • Smart Labels Market Key Trends
  • Players Landscape
  • Players Analysis 

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