Smart Label Market by Type (EAS, RFID, Sensing, & ESL), Tracking Application, Industry (Aerospace, Data Centre & Library, Food & Beverage, Healthcare & Pharmaceutical, Logistics, Manufacturing, & Retail) & Geography - Analysis & Forecast to 2014 – 2020.
The smart label market, in terms of value, is estimated to reach $10 billion by 2020 with an estimated CAGR of around 15% from 2014 to 2020, which includes an in-depth analysis of the applications, industries and geography.
The smart label market entails a great potential across various applications. This market is expected to become a dominant technology in the supply chain industry. The increasing demand for reliable anti-theft devices plays a vital role for the growth of this market. Smart labels provide various advantages of simultaneous identification, being reprogrammable and reliable, and real time tracking; which serves as a prominent advantage for its growth in logistics and related industries.
This report describes the market trends, drivers, and challenges with respect to the smart label market and forecasts the market up to 2020. This global report gives a detailed view of the market across the four geographies, namely - Americas, Europe, Asia-Pacific, and RoW. The Americas is the largest geography in terms of the market value, this is mainly due to extensive use of smart labels in retail and logistics industries of U.S. Asia-Pacific has been identified as the fastest growing region, with countries like China, Japan, Korea and India leading the way, while the Europe is also among the major regions that are helping in the growth of this market. The report profiles the 11 most promising players in the smart label market.
The competitive landscape of the market presents a very interesting picture, wherein the market players from different blocks of the smart label value chain has got together to become a force to reckon with. The market is witnessing a large scale collaboration and partnership across the value chain with a number of tier-one players around the globe.
Major players in this market include: Alien Technology, Inc. (U.S.), Avery Dennison (U.S.), CCL Industries, Inc. (U.S.), Checkpoint Systems, Inc. (U.S.), Intermec, Inc. (U.S.), Invengo Information Technology Co., Ltd. (China), Muhlbauer Holding AG & Co. KGA. (Germany), SATO Holdings Corp. (Japan), SMARTRAC N.V. (Netherlands), Thin Film Electronics ASA (Norway), and Zebra Technologies (U.S.).
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