Smart Labels Market: Global upcoming demand & growth analysis up to 2024
Deerfield Beach, FL -- (SBWIRE) -- 10/10/2017 -- A smart label is also known as Smart Tag. It is an exceptionally plane configured transponder beneath a usual print-coded label, which has the antenna, chip, and bonding wires. This setup is also known as an inlay.
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The global smart labels market is likely to have an escalation growth in coming period. Rising demand for the anti-theft devices that are reliable is the significant reason that has driven the growth of the global market. Additionally, features such as real-time tracing, re-programmability, and simultaneous identification are one of the major factors escalating the growth of the global smart labels market. In addition to this, rising technological proliferation of smart label products is also boosting the growth of the global market. Adding more to the list, the rise in industry consolidation is powering the growth of the global market. Further, rising applications of smart labels in retail & manufacturing, pharmaceuticals & healthcare, logistics, and beverages & food are also driving the global smart labels market growth. Additionally, rapid urbanization is one of the main factors driving the growth of the global smart labels market. Further, increasing disposable income of the buyers is also driving the global smart labels market growth.
On the contrary, lack of mechanical susceptibility is one of the main factors driving the growth of the global smart labels market. Moreover, lack of constant standards is also restraining the global market.
On the basis technology, the global smart labels market is mainly classified as RFID labels, EAS labels, electronic shelf, sensing labels, NFC tags, dynamic display labels, and others.
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Based on end users, the global market is bifurcated into retail, FMCG, logistics, automotive, healthcare, manufacturing, library, aerospace, postal services, construction, and others.
On the basis components, the global market for smart labels is divided into transceivers, batteries, memories, microprocessors, antenna, and another basic component.
Based on application, the global market is bifurcated into equipment, electronics and IT asset, pallet, retail & inventory tracking, reusable goods, perishable goods, patient care smart wristbands, security access, general assets, and others.
On the basis target audience, the global market for smart labels is divided into healthcare & pharmaceutical institutes, package & labels manufacturers, manufacturing organizations, retail shops & outlets, packaging organizations, automotive & parts manufacturers, and others.
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Geographically, the global market for smart labels is segmented into Europe, Asia Pacific, North America, and the Middle East and Africa. Rising demand for the anti-theft devices that are reliable is boosting the global market in the U.S. and Canada. Rising technological proliferation of smart label products has elevated the global market in Asia Pacific. Also, the rise in industry consolidation is escalating the global market in Europe.
Some of the key players in the global market for smart labels are CCL Industries Inc., Avery Dennison Corporation, Alien Technology Inc., Zebra Technologies Corporation, Checkpoint Systems Inc., Intermec Inc., and others.