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.
Full
Research Report On Global Smart Label Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/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:
www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
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)
- Acousto-Magnetic
(AM) EAS
- Microwave
EAS
- Electro-Magnetic
EAS
- UHF,
Gen 2 RFID EAS
- RFID
Labels
- Low
Frequency (LF) RFID
- High
Frequency (HF) RFID
- Ultra
High Frequency (UHF) RFID
- Sensing
Labels
- Position/Tilt
Sensing Labels
- Chemical
Sensing Labels
- Humidity
Sensing Labels
- 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
- U.S.
- Europe
- UK
- Germany
- Asia
Pacific
- China
- Japan
- India
- Central
& South America
- Brazil
- MEA
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-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.
For More
Information: www.grandviewresearch.com
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