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Smart Labels Market by Product Type (RFID, Electronic Article Surveillance Label, Sensing Label, and Dynamic Display Label), End-user Industry (Food & Beverage, Healthcare & Pharmaceutical, Automotive, FMCG, Logistics, Retail, and Others), and Application (Retail Inventory, Perishable Goods, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023
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CM_172388
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Pages: 130
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Jul
2017 |
4110 Views
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Author(s) :
Ashmita Ray
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Tables: 62
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Charts: 45
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Formats*:
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Smart Labels Market Overview:
Global Smart Labels Market was valued at $5,428 million in 2017, and is expected to reach $13,671 million by 2023, registering a CAGR of 16.6% from 2017 to 2023. Smart Labels Market created by Grocery Manufacturers Association (GMA), has gained increase in traction in the packaging industry, owing to growth in the demand for product information through smart devices. These labels acts as an innovative transparent label associated with digital technology and smart devices that enable consumers to access a detailed information about their products. The growth in global smart labels industry is expected to enable consumers to gain enhanced information visibility on the purchased products. Increase in demand for effective anti-theft devices, owing to security concern of the enterprises contribute to the significant rise in the demand for the global smart labels industry.
The global smart labels market has witnessed an increase in adoption in the packaging industry, owing to the ability to provide a detailed information to the customers about products with the use of digital technology and smart devices. In addition, increase in demand for global smart labels market is driven by its ability to provide real-time visibility of the product and rise in demand for effective anti-theft devices, owing to security concerns. Moreover, significant rise in consolidated industries and technological advancements associated with the use in various applications, such as healthcare, & pharmaceuticals, logistics, retail inventory, food & beverages, and others, have further boosted the growth of global smart labels market. Thus, the features of smart labels including real-time location tracing, re-programmability, and simultaneous identification & detailed information are expected to fuel the demand for the global smart labels industry in various sectors during the forecast period. However, lack of uniformity in standardized guidelines for smart labels is one of the major challenges restraining the market growth.
The key players operating in the global smart labels market include CCL Industries Inc., Thinfilm Electronics, Zebra Technologies Corporation, CCL Industries, Alien Technology Inc., Invengo Information Technology Co., Ltd., SATO Holdings, Zebra Technologies, and Graphic Label, Inc.
Segment Overview
The global smart labels market is segmented on the basis of product type, application, end-user industry, and geography. On the basis of type, it is classified into radio frequency identification (RFID), electronic article surveillance labels (EAS), sensing labels, and dynamic display labels. Based on application, it is categorized into retail inventory, perishable goods, and others (pallets tracking, equipment, IT assets, and others). On the basis of end-user industry, the global smart labels industry is divided into retail, health & pharmaceuticals, food & beverage, logistics, fast-moving consumer goods (FMCG), automotive, and others. Geographically, it is analysed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
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The RFID labels segment generated the maximum revenue in the market, owing to its extensive applications in industries for automatic data capturing, information accuracy, and real-time tracking. Asia-Pacific is expected to exhibit the highest growth in the global smart labels market, owing to the rise in potential start-ups, growth in disposable income, increase in urbanization & industrialization, and surge in retail and health & pharmaceutical industries.
Top Impacting Factors
Versatile Benefits
The global smart labels industry is driven by various benefits provided for the consumers as well as the companies. In addition, these are designed to provide real-time tracking of products, simultaneous identification, ability to re-program, and security assurance against theft & counterfeit practices. These advantages help consumers to gain access to the product characteristics and transit details of the product. In addition, these labels with the help of real-time tracking ability provide updates to the vendors about the product locations throughout the supply chain right from product exit from the warehouse and distribution centre to retail stores.
Rise in Number of Industry Consolidations and Technological Explorations
Rapid surge in population and rapid urbanization have led to the growth of various industries such as retail, food & beverage, healthcare & pharmaceuticals, and others to meet the consumers increasing demands These industries have various applications of smart labels, such as packaging, printing, and labels which thereby fuels the growth of global smart labels market.
Increase in Population and Rapid Urbanization
Rapid urbanization due to increase in population across various geographies is one of the major factors driving the adoption of smart labels technology across industries. Moreover, rise in disposable income and significant applications of smart devices to enable consumers to receive appropriate information about the products boost the growth of global smart labels market.
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Rise in Tech Savvy Consumers Associated With Increase in technological Developments
Smart packaging provides enhanced customer interface, owing to the availability of technologically advanced and developed devices, which is also expected to increase the ratio of tech-savvy consumers. Therefore, the demand for technologically driven ways of accessing information has witnessed an enormous growth. Moreover, increase in number of tech savvy consumers use advanced forms of media & technology platforms, thus enabling the innovation of global smart labels industry to grow at a fast pace.
Poor Mechanical Susceptibility Restrains the Growth
The appropriate functioning (reading or encoding) of smart labels is hampered if they consist of metal or foil based and liquid based. In liquid based, RFID signal is being absorbed by the labels leading to unreadable tag. Thus, poor mechanical susceptibility characteristic lead to inefficient functioning of smart labels, thereby restraining the growth of global smart labels market
Key Benefits
- This report provides a comprehensive analysis of the present & future market trends and opportunities for the growth of the global smart labels market from 2017 to 2023.
- Extensive analysis of segments, drivers, restraints, and trends related to the market in different geographies is provided.
- A detailed analysis of the top factors that impact the global market is provided.
- This report offers an insight into the competitive landscape in terms of strategies and product developments of smart labels market.
- It involves a detailed quantitative analysis of the current smart labels market and estimations throughout the forecast period.
Smart Labels Market Key Segments:
By Product Type
- RFID
- Electronic Article Surveillance Label (EAS)
- Sensing Label
- Dynamic Display Label
By End-user Industry
- Food & Beverages
- Healthcare & Pharmaceuticals
- Automotive
- FMCG
- Logistics
- Retail
- Others
By Application
- Retail Inventory
- Perishable Goods
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- Japan
- Rest of APAC
- LAMEA
- Latin America
- Middle East
- Africa
Key players
- Advantech U.S.
- Alien Technology Inc.
- Avery Dennison
- CCL Industries Inc.
- Graphic Label, Inc.
- Invengo Information Technology Co., Ltd.
- Muehlbauer Holding Ag & Co.
- Thinfilm Electronics
- SATO Holdings
- Zebra Technologies Corporation
Other Players
- Checkpoint Systems, Inc.
- Smartrac N.V.
- Metra Blansko
- TOSHIBA Global Commerce Solutions, Inc.
- Willian Frick & Company
- Intermec Inc.
- ASK S.A.
CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top winning strategies
3.2.3. Top investment pockets
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. High bargaining power of buyers
3.3.3. Low threat of substitution
3.3.4. High threat of new entrants
3.3.5. Moderate competitive rivalry
3.4. MARKET PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Versatile benefits
3.5.1.2. Rising number of industry consolidations combined with technological explorations
3.5.1.3. Increasing population and rapid urbanization
3.5.1.4. Rising tech savvy consumers associated with increasing technological developments
3.5.2. Restraints
3.5.2.1. Poor mechanical susceptibility
3.5.3. Opportunities
3.5.3.1. Smart Labels have the opportunity to adapt to various materials
CHAPTER 4 GLOBAL SMART LABELS MARKET, BY PRODUCT TYPE
4.1. OVERVIEW
4.1.1. Market size and forecast
4.2. RFID
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast
4.3. ELECTRONIC ARTICLE SURVEILLANCE LABEL (EAS)
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast
4.4. SENSING LABELS
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast
4.5. DYNAMIC DISPLAY LABEL
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast
CHAPTER 5 GLOBAL SMART LABELS MARKET, BY APPLICATION
5.1. OVERVIEW
5.1.1. Market size and forecast
5.2. RETAIL INVENTORY
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast
5.3. PERISHABLE GOODS
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast
5.4. OTHERS
5.4.1. Key market trends
5.4.2. Key growth factors and opportunities
5.4.3. Market size and forecast
CHAPTER 6 GLOBAL SMART LABELS MARKET, BY END-USER INDUSTRY
6.1. OVERVIEW
6.1.1. Market Size and Forecast
6.2. FOOD & BEVERAGES
6.2.1. Key Market Trends
6.2.2. Key Growth factors and Opportunities
6.2.3. Market Size and Forecast
6.3. HEALTHCARE & PHARMACEUTICALS
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast
6.4. AUTOMOTIVE
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast
6.5. FMCG
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast
6.6. LOGISTICS
6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast
6.7. RETAIL
6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast
6.8. OTHERS
6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast
CHAPTER 7 SMART LABELS MARKET, BY GEOGRAPHY
7.1. OVERVIEW
7.1.1. Market size and forecast
7.2. NORTH AMERICA
7.2.1. Key market trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.3.1. U.S.
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. EUROPE
7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.3.1. Germany
7.3.3.2. France
7.3.3.3. UK
7.3.3.4. Italy
7.3.3.5. Spain
7.3.3.6. Rest of Europe
7.4. ASIA-PACIFIC
7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.3.1. India
7.4.3.2. China
7.4.3.3. Japan
7.4.3.4. Rest of Asia-Pacific
7.5. LAMEA
7.5.1. Key market trends
7.5.2. Market size and forecast
7.5.2.1. Latin America
7.5.2.2. Middle East
7.5.2.3. Africa
CHAPTER 8 COMPANY PROFILES
8.1. ADVANTECH U.S.
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments
8.2. ALIEN TECHNOLGY INC
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. AVERY DENNISON CORPORATION
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments
8.4. CCL INDUSTRIES INC.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments
8.5. GRAPHIC LABEL INC
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments
8.6. INVENGO INFORMATION TECHNOLOGY CO. LTD.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments
8.7. MUEHLBAUER HOLDING AG &CO.
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments
8.8. THINFILM ELECTRONICS
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments
8.9. SATO HOLDINGS
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments
8.10. ZEBRA TECHNOLOGIES CORPORATION
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments
LIST OF TABLES
TABLE 1. GLOBAL SMART LABELS MARKET REVENUE, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 2. SMART LABELS MARKET REVENUE FROM RFID, BY REGION, 2016-2023 ($MILLION)
TABLE 3. SMART LABELS MARKET REVENUE FROM ELECTRONIC ARTICLE SURVEILLANCE LABEL (EAS), BY REGION, 2016-2023 ($MILLION)
TABLE 4. SMART LABELS MARKET REVENUE FROM SENSING LABELS, BY REGION, 2016-2023 ($MILLION)
TABLE 5. SMART LABELS MARKET REVENUE FROM DYNAMIC DISPLAY LABELS, BY REGION, 2016-2023 ($MILLION)
TABLE 6. GLOBAL SMART LABELS MARKET REVENUE, BY APPLICATION, 2016-2023 ($MILLION)
TABLE 7. SMART LABELS MARKET REVENUE FROM RETAIL INVENTORY, BY REGION, 2016-2023 ($MILLION)
TABLE 8. SMART LABELS MARKET REVENUE FROM PERISHABLE GOODS, BY REGION, 2016-2023 ($MILLION)
TABLE 9. SMART LABELS MARKET REVENUE FROM OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 10. GLOBAL SMART LABELS MARKET REVENUE, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
TABLE 11. SMART LABELS MARKET REVENUE FROM FOOD & BEVERAGES, BY REGION, 2016-2023 ($MILLION)
TABLE 12. SMART LABELS MARKET REVENUE FROM HEALTHCARE & PHARMACEUTICALS, BY REGION, 2016-2023 ($MILLION)
TABLE 13. SMART LABELS MARKET REVENUE FROM AUTOMOTIVE, BY REGION, 2016-2023 ($MILLION)
TABLE 14. SMART LABELS MARKET REVENUE FROM FMCG, BY REGION, 2016-2023 ($MILLION)
TABLE 15. SMART LABELS MARKET REVENUE FROM LOGISTICS, BY REGION, 2016-2023 ($MILLION)
TABLE 16. SMART LABELS MARKET REVENUE FROM RETAIL, BY REGION, 2016-2023 ($MILLION)
TABLE 17. SMART LABELS MARKET REVENUE FROM OTHERS, BY REGION, 2016-2023 ($MILLION)
TABLE 18. SMART LABELS MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 19. NORTH AMERICA SMART LABELS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 20. NORTH AMERICA SMART LABELS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 21. U.S. SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 22. CANADA SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 23. MEXICO SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 24. EUROPE SMART LABELS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 25. EUROPE SMART LABELS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 26. GERMANY SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 27. FRANCE SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 28. UK SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 29. ITALY SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 30. SPAIN SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 31. REST OF EUROPE SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 32. ASIA-PACIFIC SMART LABELS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 33. ASIA-PACIFIC SMART LABELS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 34. INDIA SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 35. CHINA SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 36. JAPAN SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 37. REST OF ASIA-PACIFIC SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 38. LAMEA SMART LABELS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
TABLE 39. LAMEA SMART LABELS MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 40. LATIN AMERICA SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 41. MIDDLE EAST SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 42. AFRICA SMART LABELS MARKET REVENUE, 2016-2023 ($MILLION)
TABLE 43. ADVANTECH U.S.: COMPANY SNAPSHOT
TABLE 44. ADVANTECH U.S.: OPERATING SEGMENTS
TABLE 45. ALIEN TECHNOLOGY INC: COMPANY SNAPSHOT
TABLE 46. ALIEN TECHNOLOGY INC: OPERATING SEGMENTS
TABLE 47. AVERY DENNISON CORPORATION: COMPANY SNAPSHOT
TABLE 48. AVERY DENNISON CORPORATION: OPERATING SEGMENTS
TABLE 49. CCL INDUSTRIES INC.: COMPANY SNAPSHOT
TABLE 50. CCL INDUSTRIES INC.: OPERATING SEGMENTS
TABLE 51. GRAPHI LABEL INC: COMPANY SNAPSHOT
TABLE 52. GRAPHIC LABEL INC: OPERATING SEGMENTS
TABLE 53. INVENGO INFORMATION TECHNOLOGY CO. LTD.: COMPANY SNAPSHOT
TABLE 54. INVENGO INFORMATION TECHNOLOGY CO. LTD.: OPERATING SEGMENTS
TABLE 55. MUEHLBAUER HOLDING AG & CO.: COMPANY SNAPSHOT
TABLE 56. MUEHLBAUER HOLDING AG & CO.: OPERATING SEGMENTS
TABLE 57. THINFILM ELECTRONICS.: COMPANY SNAPSHOT
TABLE 58. THINFILM ELECTRONICS INC.: OPERATING SEGMENTS
TABLE 59. SATO HOLDINGS: COMPANY SNAPSHOT
TABLE 60. SATO HOLDINGS: OPERATING SEGMENTS
TABLE 61. ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 62. ZEBRA TECHNOLGIES CORPORATION: OPERATING SEGMENTS
LIST OF FIGURES
FIGURE 1. MARKET SEGMENTATION OF THE GLOBAL SMART LABELS MARKET
FIGURE 2. EXECUTIVE SUMMARY OF THE GLOBAL SMART LABELS MARKET
FIGURE 3. TOP IMPACTING FACTORS
FIGURE 4. TOP WINNING STRATEGIES
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTER’S FIVE FORCES
FIGURE 7. MARKET PLAYER POSITIONING, 2015
FIGURE 8. SMART LABELS MARKET, BY PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 9. SMART LABELS MARKET, BY APPLICATION, 2016-2023 ($MILLION)
FIGURE 10. SMART LABELS MARKET, BY END-USER INDUSTRY, 2016-2023 ($MILLION)
FIGURE 11. SMART LABELS MARKET SHARE, BY REGION, 2015(%)
FIGURE 12. NORTH AMERICA SMART LABELS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 13. EUROPE SMART LABELS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 14. ASIA-PACIFIC SMART LABELS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 15. LAMEA SMART LABELS MARKET REVENUE, BY COUNTRY & PRODUCT TYPE, 2016-2023 ($MILLION)
FIGURE 16. ADVANTECH U.S.: REVENUE, 2014-2016 ($MILLION)
FIGURE 17. ADVANTECH U.S.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 18. ADVANTECH U.S.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 19. ALIEN TECHNOLOGY INC: REVENUE, 2014-2016 ($MILLION)
FIGURE 20. ALIEN TECHNOLOGY INC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 21. ALIEN TECHNOLGY INC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 22. AVERY DENNISON CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 23. AVERY DENNISON CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 24. AVERY DENNISON CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 25. CCL INDUSTRIES: REVENUE, 2014-2016 ($MILLION)
FIGURE 26. CCL INDUSTRIES INC.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 27. CCL INDUSTRIES INC.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 28. GRAPHIC LABEL INC: REVENUE, 2014-2016 ($MILLION)
FIGURE 29. GRAPHIC LABEL INC: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 30. GRAPHIC LABEL INC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 31. INVENGO INFORMATION TECHNOLOGY CO. LTD.: REVENUE, 2014-2016 ($MILLION)
FIGURE 32. INVENGO INFORMATION TECHNOLOGY CO. LTD.: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 33. INVENGO INFORMATION TECHNOLOGY CO. LTD.: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 34. MUEHLBAUER HOLDING AG & CO.: REVENUE, 2014-2016 ($MILLION)
FIGURE 35. MUEHLBAUER HOLDING AG & CO: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 36. MUEHLBAUER HOLDING AG & CO: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 37. THINFILM ELECTRONICS: REVENUE, 2014-2016 ($MILLION)
FIGURE 38. THINFILM ELECTRONICS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 39. THINFILM ELECTRONIC: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 40. SATO HOLDINGS: REVENUE, 2014-2016 ($MILLION)
FIGURE 41. SATO HOLDINGS: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 42. SATO HOLDINGS: REVENUE SHARE BY SEGMENT, 2016 (%)
FIGURE 43. ZEBRA TECHNOLOGIES CORPORATION: REVENUE, 2014-2016 ($MILLION)
FIGURE 44. ZEBRA TECHNOLGIES CORPORATION: REVENUE SHARE BY GEOGRAPHY, 2016 (%)
FIGURE 45. ZEBRA TECHNOLGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2016 (%)
Smart labels are a resultant of technological integration in packaging industry. These labels are designed with the ability to provide real-time tracking facilities along with instant product identification and detailed product information. The growth in security and anti-theft concerns among the vendors has also impacted the increasing demand for smart labels. The market has witnessed continuous innovations with the aim to enhance its performance. For instance, Greek Lake Labels has introduced tri-panel smart labels, which are designed to provide excess data, especially suited for horticulture industry.
North America accounted for the maximum share of 31.18% in the global smart labels market in 2016, owing to the widespread use of smart labels in the U.S. This region will continue to be the market leader, thereby accounting for a market share of 30.82% in 2023 owing to the improvement in inventory management system, asset tracking facilities, and consumer good distribution boosted up the retail industry which thereby fuelled up the growth of global smart labels market.
The retail inventory segment accounted for over 52.2% share in the global smart labels market in 2016, attributed to the increase in anti-theft trackers used by the retailers. The perishable goods segment is expected to witness the highest growth rate during the forecast period, owing to the increase in use of smart labels in threshold detection and shelf life monitoring of perishable goods such as food, medicines, and beverages.
The global smart labels market is expected to show a significant growth during the forecast period due to the growth in healthcare & pharmaceutical industries along with the continuous growth of retail, logistics, and food & beverage industries.
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