Smart Labels Market Worth $10.03 Billion by 2021 - Great Potential in Emerging Economies - Research and Markets
DUBLIN, May 11, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Labels Market by Technology, Components, Application and End-use Industry - Forecast to 2021" report to their offering.
The report expects the smart labels market to grow from USD 4.45 Billion in 2016 to USD 10.03 Billion by 2021, at an estimated CAGR of 17.65%. The market for smart labels is growing due to growth in industries such as retail, healthcare, and manufacturing, and rise in demand of automated labels such as RFID and EAS. The emerging economies such as India, South Africa, and Brazil possess a great potential for the smart labels market.
This market is segmented on the basis of technology, component, end-use industry, and application. In terms of technology, RFID labels held the largest 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.
In terms of end-use industry, the market is segmented into retail, logistics, manufacturing, healthcare, and others. The healthcare segment is projected to grow at the highest rate, during the forecast period. In terms of application, the market is classified as electronics and IT asset, equipment, retail & inventory tracking, pallets, and perishable goods. The perishable goods segment is projected to be the market leader during the forecast period.
In terms of region, the market for smart labels is segmented into North America, Europe, Asia-Pacific, and Rest of the World. The Asia-Pacific region is projected to grow at the highest CAGR among all the regions by 2021. This is mainly due to emerging economies in China and India and the growing industries such as healthcare, retail, and manufacturing.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Smart Labels Market, By Technology
8 Smart Labels Market, By Application
9 Smart Labels Market, By End-Use Industry
10 Smart Labels Market, By Component
11 Smart Labels Market, By Region
12 Competitive Landscape
13 Company Profiles
Companies Mentioned:
- ASK S.A.
- Alien Technology, Inc.
- Avery Dennison Corporation
- CCL Industries, Inc.
- Checkpoint Systems, Inc.
- Displaydata Ltd.
- Graphic Label, Inc.
- Intermec Inc. (Honeywell International Inc.)
- Invengo Information Technology Co. Ltd.
- Muhlbauer Holding AG & Co. Ltd.
- Sato Holdings Corporation
- Smartrac N.V.
- Thin Film Electronics ASA
- William Frick & Company
- Zebra Technologies Corporation
For more information visit http://www.researchandmarkets.com/research/zwzv74/smart_labels
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