Product Code: GVR-1-68038-739-1
Smart Label Market Growth & Trends:
The global smart label market size is expected to reach USD 55.6 billion by 2030, expanding at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Installation of efficient anti-theft and anti-counterfeit systems 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 trends in the global 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 market.
Usage of smart label helps companies to prevent key issues such as theft, shoplifting, 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.
Smart Label Market Report Highlights:
- The RFID labels segment accounted for the largest revenue share of 50.7% in 2023. Flexibility to be applied on several substrates, automatic data capture, information accuracy, and real-time tracking are the key benefits associated with RFID labels.
- The electronic shelf/dynamic display labels segment is expected to grow at the fastest CAGR of 6.0% during the forecast period. Retail inventory accounted to be the largest application segment in 2023, accounting for over 22.8% of the global smart label market volume owing to excellent real time tracking efficiency.
- The retail inventory segment accounted for the largest revenue share of 22.8% in 2023. Protective measures taken by retailers to prevent shoplifting and theft are estimated to drive substantial demand in retail inventory application over the forecast period.
- The batteries segment accounted for the largest revenue share of 29.1% in 2023. The primary factor driving the segment is the continuous advancements in technology.
- Asia Pacific dominated the market and accounted for the largest revenue share of 33.4% in 2023 is expected to grow at the fastest CAGR of 5.6% during the forecast period.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Smart Label Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Smart Label Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Smart Label Market: Technology Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Smart Label Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. EAS Labels
- 4.3.1. EAS Labels Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. RFID labels
- 4.4.1. RFID labels Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Sensing labels
- 4.5.1. Sensing labels Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Electronic Shelf/Dynamic Display Labels
- 4.6.1. Electronic Shelf/Dynamic Display Labels Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Near Field Communication (NFC) Tags
- 4.7.1. Near Field Communication (NFC) Tags Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Smart Label Market: Component Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Smart Label Market: Component Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Transceivers
- 5.3.1. Transceivers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Memories
- 5.4.1. Memories Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Batteries
- 5.5.1. Batteries Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Microprocessors
- 5.6.1. Microprocessors Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Smart Label Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Smart Label Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Retail Inventory
- 6.3.1. Retail Inventory Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Perishable Goods
- 6.4.1. Perishable Goods Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Electronic & IT Assets
- 6.5.1. Electronic & IT Assets Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Equipment
- 6.6.1. Equipment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Pallets Tracking
- 6.7.1. Pallets Tracking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Others
- 6.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Smart Label Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Smart Label Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
- 7.3. Automotive
- 7.3.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Fast Moving Consumer Goods (FMCG)
- 7.4.1. Fast Moving Consumer Goods (FMCG) Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Healthcare & pharmaceutical
- 7.5.1. Healthcare & pharmaceutical Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Logistic
- 7.6.1. Logistic Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Retail
- 7.7.1. Retail Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.8. Manufacturing
- 7.8.1. Manufacturing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.9. Others
- 7.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Smart Label Market: Regional Estimates & Trend Analysis
- 8.1. Smart Label Market Share, By Region, 2023 & 2030 (USD Million)
- 8.2. North America
- 8.2.1. North America Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
- 8.2.3.1. Canada Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3. Europe
- 8.3.1. Europe Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK.
- 8.3.2.1. UK Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
- 8.3.3.1. Germany Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
- 8.3.4.1. France Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
- 8.3.5.1. Italy Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Turkey
- 8.3.6.1. Turkey Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Japan
- 8.4.2.1. Japan Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. China
- 8.4.3.1. China Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
- 8.4.4.1. India Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Indonesia
- 8.4.5.1. Indonesia Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Thailand
- 8.4.6.1. Thailand Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5. Latin America
- 8.5.1. Latin America Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
- 8.5.3.1. Argentina Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. South Africa
- 8.6.2.1. South Africa Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. UAE
- 8.6.3.1. UAE Smart Label Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis by Key Market Participants
- 9.2. Company Categorization
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles
- 9.4.1. AVERY DENNISON CORPORATION
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. CCL Industries
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Zebra Technologies Corporation
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Alien Technology, LLC.
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. Checkpoint Systems, Inc.
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Impinj, Inc.
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. MPI Labels
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Invengo Information Technology Co., Ltd.
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. Murata Manufacturing Co., Ltd.
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. NXP Semiconductors.
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Recent Developments/ Strategic Initiatives