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Smart Label Market to Reach $14.3 Billion by 2020

Strategic Insights

— 2 min read

The Smart Label Market is projected to experience significant growth, driven by the increasing demand for tracking and security applications. The market has been segmented into Electronic Article Surveillance (EAS) labels, Radio Frequency Identification (RFID) labels, Sensing labels, and Electronic Shelf Labels (ESL). The report highlights the key trends and market dynamics, including the impact of security concerns worldwide on the demand for smart labels.

Key Takeaways:

  • The Smart Label Market is expected to reach $14.3 billion by 2020, growing at a CAGR of 11.3% from 2014 to 2020.
  • The market is driven by the increasing demand for tracking and security applications, particularly in industries such as aerospace, data center and library, food and beverage, healthcare and pharmaceutical, logistics, manufacturing, and retail.
  • The penetration of smart labels in tracking applications has been tremendous, due to their ability to identify and track goods, assets, and persons in real-time.
  • The major players in the Smart Label Market include Alien Technology, Inc., Avery Dennison, CCL Industries, Inc., Checkpoint Systems, Inc., Intermec, Inc., Invengo Information Technology Co., Ltd., Muhlbauer Holding AG & Co. KGaA, SATO Holdings Corp., SMARTRAC N.V., Thin Film Electronics ASA, and Zebra Technologies, among others.
  • The market shares of different industry players present in the market are also covered in the report.
  • The report provides an in-depth analysis of the recent happenings in the market and the impact analysis of the market dynamics.
  • The Smart Label Market is expected to grow significantly in the Americas, Europe, Asia-Pacific, and Rest of the World (RoW) regions, with Japan, China, and other Asian countries being major markets for smart labels.

Statistics:

  • The Smart Label Market is expected to reach $14.3 billion by 2020, growing at a CAGR of 11.3% from 2014 to 2020.
  • The market is driven by the increasing demand for tracking and security applications, with the aerospace industry expected to grow at a CAGR of 13.2% from 2014 to 2020.
  • The penetration of smart labels in tracking applications has been tremendous, with a CAGR of 12.8% from 2014 to 2020.
  • The major players in the Smart Label Market have a combined market share of 65.2% in 2014, with Avery Dennison holding the largest share of 23.5%.
  • The market is expected to grow significantly in the Americas, Europe, Asia-Pacific, and Rest of the World (RoW) regions, with Japan, China, and other Asian countries being major markets for smart labels.

Sources:

  • ReportLinker
  • PR Newswire
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  • To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/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--f-300020235.html
  • SOURCE Reportlinker

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