Smart Labels Market Scope
Market Research Future (MRFR) in its latest “Smart Labels Market” report reveals that the market is expected to surge at high pace and attain a decent size across the forecast period of 2016 to 2021.
Market Insights
Consumer consumption is surging due to the expansion of the global population. The need to manage a wide variety of perishable item that demand for sophisticated systems to deliver complete real-time information is also rising. The significance of smart labels lies therein. These advantages of smart labels are expected to contribute to the expansion of their global market. The smart labels technology aids in providing product information with accuracy, speed, and efficiency within a short span of time. Instant access to information is identified as the key driver for the market to surge. Smart labels have numerous applications across different sectors, such as food and beverages, manufacturing & retail, healthcare & pharmaceuticals, logistics, automotive, FMCG, and others. Moreover, different types of smart labels are available for different types of products, such as printable labels, chip labels, and electronic labels. Hence, the widespread application of smart labels is expected to amplify the expansion of their market. The waves of fourth industrial revolution is noted to positively influencing the market. Manufacturers are focusing on the integration of advanced technologies, such as internet of things, robotics, artificial intelligence, and cloud with smart labels. This is improving the efficacy of smart labels, which, in turn, is expected to boost the expansion of the smart labels market across the years of evaluation.
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Market Key Players
MRFR enlisted some of the important vendors of smart labels. They are;
- Invengo Information Technology Co. Ltd.
- Checkpoint Systems Inc.
- CCL Industries Inc.
- Avery Dennison Corporation
- Display data Ltd.
- Willian Frick & Company
- Sato Holdings Corporation
- Zebra Technologies Corporation
- Smartrac N.V.
- Graphic Label Inc.
- Intermec Inc.
- ASK S.A.
- Muhlbauer Holding Ag & Co. Kgaa
Thin Film Electronics ASA, and Alien Technology Inc. The high competition among the market key players is characterized by acquisition, collaboration, partnership, and launch of new technologies. The growth of the global smart labels market is also dependent on strategies adopted by key players, as they compete on pricing, reputation, technology, and services provided by them.
Industry/ Innovation/ Related News
September 18, 2018 – Ynvisible Interactive Inc. (Canada), a leading global player operating in the printed electronics sector and engaged in the development, manufacture, and commercialization of electrochromic displays for smart labels, smart indicators, smart products, and Internet of thing applications (IoT) announced the opening of a new production facility with the new sheet-to-sheet production line to produce electrochromic devices for bulk orders in the thousands of unit per production run for products such as smart labels and Internet of IoT.
Market Segmental Outline
The smart labels market segmental study is done based on type, end-users, and application.
By type, the smart labels market is narrowed down to RFID, Sensing Label, Electronic Shelf Label, and others. By application, the market is segmented into retail, Electronic and IT asset, Perishable goods, and others. By end-user, the market is segmented into Manufacturing & Retail, Healthcare & pharmaceuticals, Automotive, FMCG, logistics, and others.
Detailed Regional Outlook
The smart labels market in the Asia Pacific region is likley for a sharp rise. The market in the growing economies, such as Japan, China, and India is expected to generate substantial revenue across the years of evaluation. The increase in the adoption of smart labels by the manufacturing and the packaging sectors of these regions can act a growth inducer for the market in these regions. The APAC smart labels market is expected to gain high turnover by the end of the review period. Besides, the fast-paced expansion of APAC economic that is allowing considerable investments in the retail and the food and beverage sectors, and as they adopt smart tags to have a hook on security and positionng of products are also expected to make the market gain global foothold. The smart labels market in North America and Europe is also expected to grow at a high pace.
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Table Of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continues….
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