Smart labels market report estimates the size of the smart labels market in terms of volume (million units) and value (USD million). In this report, the market has been segmented broadly on the basis of technology, components, end-use industry, application, and region. The market drivers, restraints, opportunities, and challenges, and product price trends have also been discussed in detail.
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Smart labels market will grow from USD 4.45 Billion in 2016 to USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%. Market for smart labels is growing due to growth in industries such as retail, healthcare, and manufacturing, & rise in demand of automated labels like RFID and EAS.
Emerging economies like India, South Africa, and Brazil possess a great potential for smart labels market.
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Premium Insights and Market Overview
- Smart Labels Market Share, By Top 10 Countries
- Smart Labels Market, By Technology
- Asia-Pacific Smart Labels Market, By Country & End-Use Industry
- Smart Labels Market, By Region, 2016 vs 2021
- Smart Labels Market, By Key Country, 2016 vs 2021
- Smart Labels Market, By Application, 2015
- Life Cycle Analysis, By Technology
Smart labels market segmented on basis of technology, component, end-use industry, and application. In terms of technology, RFID labels held largest market share, in terms of value, while dynamic display labels were projected to grow a highest CAGR.
Retail & inventory tracking segment accounted for the largest share in this market, in terms of both, volume & value, among all applications.
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Global smart lables market report on there few restraints that influence the Smart labels market are lack of unformal standards as there are different standards developed by American National Standards Institute (ANSI) and International Organization for Standardization (ISO) for RFID labels.
Global Market Drivers are as follows,
1 Protection Against Theft, Loss, and Counterfeiting
2 Lack of Human Intervention
3 A Single Product Can Be Used Instead of Multiple Existing Technologies
4 Overall Reduction in Tracking Time
5 Reliable and EASy Real-Time Tracking
Smart lables market research report has strategy of new product launches was majorly adopted by most of players in Smart labels market. Companies such as Avery Dennison Corporation (U.S.), CCL Industries, Inc. (Canada), Checkpoint Systems, Inc. (U.S.), Smartrac N.V. (The Netherlands), Zebra Technologies Corporation (U.S.), Alien Technology Inc. (U.S.), Sato Holding Corporation (Japan), and Intermec Inc. (U.S.).
Click now for more Details, Queries, Other Information on this study “Smart Labels Market by Technology (EAS, RFID, Sensing, ESL, NFC tags), Components (Batteries, Transceivers, Microprocessors, Others), Application (Retail Inventory, Perishable Goods, Electronic & IT asset, Others), End-use Industry - Forecast to 2021” report @ www.rnrmarketresearch.com/contacts…ount?rname=536749
Smart lables market is segmented on the basis of technology, component, end-use industry, and application. In terms of technology, RFID labels held the largest Smart labels market share, in terms of value, while dynamic display labels were projected to grow at the highest CAGR.
The retail & inventory tracking segment accounted for the largest share in this market, in terms of both, volume and value, among all applications. The components segment was dominated by batteries.
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