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.
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.
Access Research Report of Smart Label Market@: www.grandviewresearch.com/industry-analysis/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
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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
Access Press Release of
Smart Label Market@: www.grandviewresearch.com/press-release/global-smart-label-market
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, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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