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Smart Labels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

  • ID: 4662648
  • Report
  • Region: Global
  • 72 pages
  • IMARC Group
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FEATURED COMPANIES

  • CCL Industries Inc
  • Checkpoints Systems Inc.
  • Intermec Inc.
  • Muehlbauer Holding AG.
  • Sato Holdings Corporation
  • Smartrac N.V.
  • MORE
The global smart labels market reached a value of US$ 5.9 Billion in 2017. The market is further projected to reach US$ 11.7 Billion by 2023, exhibiting a CAGR of 12.1% during 2018 - 2023. Smart labels act as an innovative label through which anyone can track information about a product through their smart devices. These smart labels not only carry information about the product and the ingredients used in it but also provide information about manufacturers, date of manufacturing and other crucial information. Different industries are currently using smart labels, such as manufacturing, food and beverage, healthcare, automotive, retail, security, FMCG, etc. These smart labels also offer smart traceability of a product and help in maintaining its authenticity. A number of factors are currently driving the market for smart labels.

Industries such as logistics and transportation are greatly benefiting from smart label technology as smart labels help in attaining higher levels of productivity and accuracy in delivery. Moreover, smart labels also help in enhancing inventory management and product information. Smart labels carry significant advantages over barcode-only labels that simply cannot provide the same level of accuracy, readability and the depth of information.

In the retail segment, companies are strongly benefiting from smart label technology. For instance, large global retailers along with their suppliers are experiencing better product tracking and inventory management. Organizations are able to achieve huge time savings, which is also leading to reduced labor costs as companies no longer have to rely on a handheld scanners to extract information on products.

Shopkeepers and manufacturers have also benefited from smart label technology as they are extremely efficient in reducing shoplifting and theft. They also aid in strategies to prevent criminals from breaking into drug stores to access prescription drugs. All these products can be easily tracked and monitored using smart tags. This advantage can also be achieved inside the warehouse environment to decrease product theft on the back-end segment of the business.

There is an increasing awareness in the industry about counterfeiting and smart labels are playing a major role in reducing counterfeit attempts in all type of products.

Market Summary:

Based on the technology, the market has been segmented into (Radio-Frequency Identification) RFID, Electronic Article Surveillance (EAS), Electronic Shelf Label (ESL), Sensing Label and Near Field Communication (NFC). Currently, RFID dominates the market, holding the largest share.

Based on the component type, the market has been segmented as Batteries, Transceivers, Microprocessors, Memories and Others.

Based on the end-user, the market has been segmented as Retail, Logistics and Transportation, Healthcare, Food and Beverage, Aerospace, Data Centers and Libraries, and Others. Currently, the Retail segment dominates the market, holding the largest share.

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, North America is the leading market, accounting for the majority of the global share.

The competitive landscape of the market has also been examined with some of the key players being Avery Dennison Corporation, CCL Industries Inc, Checkpoints Systems, Inc., Zebra Technologies Corporation, Intermec, Inc., Invengo Information Technology Co Ltd, Sato Holdings Corporation, Thin Film Electronics ASA, Smartrac N.V. and Muehlbauer Holding AG.

This report provides a deep insight into the global smart labels market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the smart labels market in any manner.

Key Questions Answered in This Report:

How has the global smart labels market performed so far and how will it perform in the coming years?
What are the key regional markets in the global smart labels industry?
What are the key technologies in the global smart labels industry?
What are the major components in the global smart labels industry?
What are the key end-use segments in the global smart labels industry?
What are the various stages in the value chain of the global smart labels market?
What are the key driving factors and challenges in the global smart labels market?
What is the structure of the global smart labels market and who are the key players?
What is the degree of competition in the global smart labels market?
How are smart labels manufactured?
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • CCL Industries Inc
  • Checkpoints Systems Inc.
  • Intermec Inc.
  • Muehlbauer Holding AG.
  • Sato Holdings Corporation
  • Smartrac N.V.
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smart Labels Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Technology
5.4 Market Breakup by Component
5.5 Market Breakup by End-User
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Price Indicators
5.11.2 Price Structure
5.11.3 Margin Analysis

6 Market Breakup by Technology
6.1 Radio-Frequency Identification (RFID)
6.2 Electronic Article Surveillance (EAS)
6.3 Electronic Shelf Label (ESL)
6.4 Sensing Labels
6.5 Near Field Communication (NFC)

7 Market Breakup by Component
7.1 Batteries
7.2 Transceivers
7.3 Microprocessors
7.4 Memories
7.5 Others

8 Market Breakup by End-Uesr
8.1 Retail
8.2 Logistics and Transportation
8.3 Healthcare
8.4 Food and Beverage
8.5 Aerospace
8.6 Data Centers and Libraries
8.7 Others

9 Market Breakup by Region
9.1 North America
9.2 Europe
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America

10 Smart Labels Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Avery Dennison Corporation
11.3.2 CCL Industries Inc
11.3.3 Checkpoints Systems, Inc.
11.3.4 Zebra Technologies Corporation
11.3.5 Intermec, Inc.
11.3.6 Invengo Information Technology Co Ltd
11.3.7 Sato Holdings Corporation
11.3.8 Thin Film Electronics ASA
11.3.9 Smartrac N.V.
11.3.10 Muehlbauer Holding AG
Note: Product cover images may vary from those shown
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  • Avery Dennison Corporation
  • CCL Industries Inc
  • Checkpoints Systems Inc.
  • Zebra Technologies Corporation
  • Intermec Inc.
  • Invengo Information Technology Co Ltd
  • Sato Holdings Corporation
  • Thin Film Electronics ASA
  • Smartrac N.V.
  • Muehlbauer Holding AG.
Note: Product cover images may vary from those shown
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