As compared to the
conventional bar code data, smart labels are an identification slip
which offers more advanced technologies with reprogrammable attribute
and real time tracking. The most common developments in Global
Smart
Labels
industry are precisely configured RFID labels and Electronic Article
Surveillance (EAS) labels. These smart labels are made from plastics,
paper, or fabrics, and are used as printed labels, electronic labels,
or basically chip labels. Automated interpretation from a certain
distance coupled with high tolerance capability aids in eliminating
the errors and enhancing efficiency. In the coming years, the global
smart labels industry is expected to witness significant growth
mainly due to the growing penetration of smart labels in merchandises
and assets tracking applications.
Increasing demand
for the reliable anti-theft devices is the key factor driving growth
of the global smart labels industry market currently. The smart
labels come with various features, such as re-programmability, real
time tracing, and simultaneous identification, which are further
driving growth of the market in logistics and manufacturing related
industries. Furthermore, rise in industry consolidation and growing
technological proliferation of smart label products, coupled with
their usage in various applications such as healthcare &
pharmaceuticals, manufacturing & retail, food & beverages,
and logistics, is another major factor fueling growth of the global
smart labels industry. Besides, rapid urbanization, coupled with
increasing disposable income of the buyers in developing regions, is
also boosting growth of the market for global smart labels.
Increasing security concerns related to anti-theft devices, globally,
are also expected to drive demand for smart labels in the coming
years. Meanwhile, the key restraint for the growth of the global
smart labels industry is the lack of mechanical susceptibility and
constant standards.
On the basis of
end-user industry, the global smart labels industry market is
segmented into:
- Healthcare & Pharmaceuticals
- Automotive
- Manufacturing & Retail
- FMCG
- Logistics
- Food & Beverages
- Others (includes data center & library and aerospace)
Currently, the
manufacturing & retail segment is the largest end users of smart
labels. The growth of this segment is mainly attributed to the rise
in number of supermarkets in developing economies.
Get Free Sample
Report Copy :
On the basis of
application, the global smart labels industry market is segmented
into:
- Equipment
- Electronics & IT Assets
- Retail Inventory
- Perishable Goods
Others
On the basis of
type, the global smart labels industry market is segmented into:
- RFID
- Electronic Article Surveillance Label (EAS)
- Sensing Label
- Dynamic Display Label
- Electronic Shelf Label (ESL)
RFID is anticipated
to emerge as the largest segment in terms of value in the global
smart labels industry market in the coming years. Furthermore, it is
anticipated to continue its dominance in the coming years due to
increasing demand for networking, RFID labels, and electronics &
IT assets, mainly in developing countries of Asia Pacific.
Geographically, the
global smart labels industry market is segmented into seven main
regions, namely- Western Europe, Eastern Europe, North America, Latin
America, Asia Pacific excluding Japan, the Middle East & Africa,
and Japan. The historical growth of the Latin America and Asia
Pacific economies has been a feature of the 21st century. This
economic growth has, to a degree, been another driver for the high
levels of growth witnessed in the global smart labels industry
market. Among all the regional markets, Asia Pacific is expected to
witness the highest market growth in the coming years. The Middle
East & Africa is also anticipated to witness a significant growth
in the coming years. Also, the Wal-Mart Stores, Inc. has announced to
open more than 1,200 retail stores in the Africa region by 2016 end,
which is expected to fuel growth of the market for smart labels in
the region. North America, followed by Europe, is expected to hold
the largest market share in the global smart labels industry market,
due to extensive use of smart labels in logistics industries and the
manufacturing & retail sector in the region.
Some of the Key
Players covered in this study on
the global smart labels industry market are Avery Dennison
Corporation, CCL Industries Inc., SMARTRAC N.V., Invengo Technology
BV, Advantech US, Muehlbauer Holding AG & Co. KGaA, Thinfilm, ZIH
Corp., Metra Blansko, and TOSHIBA Global Commerce Solutions, Inc.
About Us :
Transparency Market
Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of
quantitative forecasting and trends analysis provides forward-looking
insight for thousands of decision makers. Our experienced team of
Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
No comments:
Post a Comment