The global smart label market is expected to reach USD 16.12 billion by
2025, according to a new report by Grand View Research, Inc. Installation of
efficient anti-theft and anti-counterfeit system in several end-user industries
is projected to propel the demand. Constant research and innovation efforts to
design advanced and application specific products are expected to be the key
trend in the global smart label market over the next few years.
 |
| U.S. smart label market revenue, by application, 2014 - 2025 (USD Million) |
Rapid urbanization and rise in disposable income of consumers have
propelled key end-user industries such as retail, FMCG, and healthcare &
pharmaceutical in Asia Pacific in the recent past. Growing economic trends in
China, India, Japan, South Korea, and South East Asian countries have created
lucrative opportunities in the smart label market.
Usage of smart label helps companies to prevent key issues such as theft,
shop lifting, and counterfeit. Thus, emerging presence of key retail and
manufacturing industries in developing regions is projected to accelerate the
growth of smart label market in the next few years.
In depth research report on Smart Label Market
Further key findings from the report suggest:
·
The global
market for smart label was valued at around USD 4.21 Bn in 2015 and is expected
to reach over USD 16.12 Bn by 2025, growing at a CAGR of 14.7% from 2016 to
2025
·
RFID labels
accounted for over 60% of global volumes in 2015, and is expected to grow over
the next nine years on account rising demand in retail sectors
·
In terms of
components, batteries segment was estimated to dominated the global smart label
market in 2015
·
Retail
inventory accounted to be the largest application segment in 2015, accounting
for over 22% of the global smart label market volume owing to excellent real
time tracking efficiency
·
Perishable
goods application segment is anticipated to exhibit promising trend by
expanding at the fastest CAGR from 2016 to 2025 due to rising use in medication
management and medical instruments
·
Retail is
expected to be the highest revenue generating end-user segment of the smart
label market growing at a double digit CAGR of over 14% from 2016 to 2025,
owing to improved supply chain efficiency obtained from smart label
·
Asia Pacific
is projected to witness the fastest growth rate over the forecast period, owing
to promising trend in retail and FMCG industries in developing countries
·
Avery Dennison
Corporation, CCL Industries, Inc, Zebra Technologies Corporation, Alien
Technology Inc, Intermec Inc, Checkpoint Systems, Inc are some of the key
players operating in smart label market
·
The major
smart label manufactures are focusing to enhance their presence in emerging
BRIC counties through introduction of new products and capacity expansion
Grand View Research has segmented the global smart label market on the
basis of technology, component, application, end-user and region:
Technology Outlook (Volume, Million Units;
Revenue, USD Million; 2014-2025)
·
Electronic
Article Surveillance Labels (EAS)
o
Acousto-Magnetic
(AM) EAS
o
Microwave EAS
o
Electro-Magnetic
EAS
o
UHF, Gen 2
RFID EAS
·
RFID Labels
o
Low Frequency
(LF) RFID
o
High Frequency
(HF) RFID
o
Ultra High
Frequency (UHF) RFID
·
Sensing Labels
o
Position/Tilt
Sensing Labels
o
Chemical
Sensing Labels
o
Humidity
Sensing Labels
o
Temperature
Sensing Labels
·
Electronic
Shelf/Dynamic Display Labels
·
Near Field
Communication (NFC) Tags
Component Outlook (Volume, Million Units;
Revenue, USD Million; 2014-2025)
·
Wheat
·
Transceivers
·
Memories
·
Batteries
·
Microprocessors
·
Others
Application Outlook (Volume, Million Units;
Revenue, USD Million; 2014-2025)
·
Retail
Inventory
·
Perishable
Goods
·
Electronic
& IT Assets
·
Equipment
·
Pallets
Tracking
·
Others
End-user Outlook (Volume, Million Units;
Revenue, USD Million; 2014-2025)
·
Automotive
·
Fast Moving
Consumer Goods (FMCG)
·
Healthcare
& pharmaceutical
·
Logistic
·
Retail
·
Manufacturing
·
Others
Regional Outlook (Volume, Million Units;
Revenue, USD Million,2014-2025)
·
North America
o
U.S.
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
China
o
Japan
o
India
·
Central &
South America
o
Brazil
·
MEA
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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