The North America Smart Labels Market would witness market growth of 14.7% CAGR during the forecast period (2024-2031).
The US market dominated the North America Smart Labels Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $8,572.9 million by 2031. The Canada market is experiencing a CAGR of 17.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 16.2% during (2024 - 2031).
Smart labels are advanced labelling solutions that incorporate technology to enhance functionality beyond traditional labels. They often use technologies like RFID (Radio-Frequency Identification), NFC (Near Field Communication), or QR codes to provide additional information and interactivity. These labels find applications across various industries, enhancing efficiency and improving user experiences.
These labels enable hospitals and healthcare facilities to track medical equipment and supplies in real time. This reduces loss and ensures that critical items are always available when needed, enhancing patient care and operational efficiency. In the food and pharmaceutical industries, these labels equipped with temperature sensors monitor the conditions of products throughout the supply chain. This ensures that items like vaccines and fresh produce are stored and transported at optimal temperatures, maintaining their integrity and safety.
The rise of smart devices in Canada encourages the adoption of these labels that can integrate with electronic products. This integration allows for features such as automated updates, diagnostics, and enhanced user interaction, driving further demand for smart labelling solutions. According to the Government of Canada, in 2021, manufacturing revenues from the computer and electronic industry reached $15.5 billion compared to $14.4 billion in 2020, an increase of 8.1%. Total revenues were $17.9 billion in 2021, increasing from $16.3 billion in 2020. The growth of e-commerce in Mexico drives the need for efficient inventory management and fulfilment processes. Smart labels enable real-time product tracking, reducing order fulfilment errors and improving delivery times for online retailers. International Trade Administration (ITA) to be worth USD 26.2 billion in 2022, a 23 percent growth from 2021. Mexico is ranked in the top five in terms of global e-commerce retail growth rate. In 2022, there were 63 million Mexicans using e-commerce, a 5.5 million increase over 2021. Thus, the expansion of the region's electronics manufacturing and the e-commerce sector is driving the market's growth.
Free Valuable Insights: The Smart Labels Market is Predict to reach USD 43.5 Billion by 2031, at a CAGR of 15.5%
Based on Component, the market is segmented into Batteries, Transceivers, Memories, Microprocessors, and Other Component. Based on Application, the market is segmented into Retail Inventory, Perishable Goods, Electronic & IT Assets, Equipment, Pallets Tracking, and Other Application. Based on Technology, the market is segmented into RFID Labels, EAS Labels, Electronic Shelf/Dynamic Display Labels, Near Field Communication (NFC) Tags, and Sensing labels. Based on End Use, the market is segmented into Retail, Fast Moving Consumer Goods (FMCG), Logistic, Healthcare & pharmaceutical, Automotive, Manufacturing, and Other End Use. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Avery Dennison Corporation
- Zebra Technologies Corporation
- Invengo Technology Pte. Ltd.
- Advantech Co., Ltd.
- Alien Technology, LLC
- CCL Industries, Inc.
- STMicroelectronics N.V.
- Fujitsu Limited
- NXP Semiconductors N.V.
- Impinj, Inc.
North America Smart Labels Market Report Segmentation
By Component
- Batteries
- Transceivers
- Memories
- Microprocessors
- Other Component
By Application
- Retail Inventory
- Perishable Goods
- Electronic & IT Assets
- Equipment
- Pallets Tracking
- Other Application
By Technology
- RFID Labels
- EAS Labels
- Electronic Shelf/Dynamic Display Labels
- Near Field Communication (NFC) Tags
- Sensing labels
By End Use
- Retail
- Fast Moving Consumer Goods (FMCG)
- Logistic
- Healthcare & pharmaceutical
- Automotive
- Manufacturing
- Other End Use
By Country
- US
- Canada
- Mexico
- Rest of North America
TABLE 1 North America Smart Labels Market, 2020 - 2023, USD Million
TABLE 2 North America Smart Labels Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Labels Market
TABLE 4 Product Launches And Product Expansions– Smart Labels Market
TABLE 5 Acquisition and Mergers– Smart Labels Market
TABLE 6 North America Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 7 North America Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 8 North America Batteries Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Batteries Market by Region, 2024 - 2031, USD Million
TABLE 10 North America Transceivers Market by Region, 2020 - 2023, USD Million
TABLE 11 North America Transceivers Market by Region, 2024 - 2031, USD Million
TABLE 12 North America Memories Market by Region, 2020 - 2023, USD Million
TABLE 13 North America Memories Market by Region, 2024 - 2031, USD Million
TABLE 14 North America Microprocessors Market by Region, 2020 - 2023, USD Million
TABLE 15 North America Microprocessors Market by Region, 2024 - 2031, USD Million
TABLE 16 North America Other Component Market by Region, 2020 - 2023, USD Million
TABLE 17 North America Other Component Market by Region, 2024 - 2031, USD Million
TABLE 18 North America Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 19 North America Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 20 North America Retail Inventory Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Retail Inventory Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Perishable Goods Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Perishable Goods Market by Country, 2024 - 2031, USD Million
TABLE 24 North America Electronic & IT Assets Market by Country, 2020 - 2023, USD Million
TABLE 25 North America Electronic & IT Assets Market by Country, 2024 - 2031, USD Million
TABLE 26 North America Equipment Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Equipment Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Pallets Tracking Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Pallets Tracking Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Other Application Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Other Application Market by Country, 2024 - 2031, USD Million
TABLE 32 North America Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 33 North America Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 34 North America RFID Labels Market by Country, 2020 - 2023, USD Million
TABLE 35 North America RFID Labels Market by Country, 2024 - 2031, USD Million
TABLE 36 North America EAS Labels Market by Country, 2020 - 2023, USD Million
TABLE 37 North America EAS Labels Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Electronic Shelf/Dynamic Display Labels Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Electronic Shelf/Dynamic Display Labels Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Near Field Communication (NFC) Tags Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Near Field Communication (NFC) Tags Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Sensing labels Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Sensing labels Market by Country, 2024 - 2031, USD Million
TABLE 44 North America Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 45 North America Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 46 North America Retail Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Retail Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Fast Moving Consumer Goods (FMCG) Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Fast Moving Consumer Goods (FMCG) Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Logistic Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Logistic Market by Country, 2024 - 2031, USD Million
TABLE 52 North America Healthcare & pharmaceutical Market by Country, 2020 - 2023, USD Million
TABLE 53 North America Healthcare & pharmaceutical Market by Country, 2024 - 2031, USD Million
TABLE 54 North America Automotive Market by Country, 2020 - 2023, USD Million
TABLE 55 North America Automotive Market by Country, 2024 - 2031, USD Million
TABLE 56 North America Manufacturing Market by Country, 2020 - 2023, USD Million
TABLE 57 North America Manufacturing Market by Country, 2024 - 2031, USD Million
TABLE 58 North America Other End Use Market by Country, 2020 - 2023, USD Million
TABLE 59 North America Other End Use Market by Country, 2024 - 2031, USD Million
TABLE 60 North America Smart Labels Market by Country, 2020 - 2023, USD Million
TABLE 61 North America Smart Labels Market by Country, 2024 - 2031, USD Million
TABLE 62 US Smart Labels Market, 2020 - 2023, USD Million
TABLE 63 US Smart Labels Market, 2024 - 2031, USD Million
TABLE 64 US Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 65 US Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 66 US Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 67 US Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 68 US Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 69 US Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 70 US Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 71 US Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 72 Canada Smart Labels Market, 2020 - 2023, USD Million
TABLE 73 Canada Smart Labels Market, 2024 - 2031, USD Million
TABLE 74 Canada Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 75 Canada Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 76 Canada Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 77 Canada Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 78 Canada Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 79 Canada Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 80 Canada Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 81 Canada Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 82 Mexico Smart Labels Market, 2020 - 2023, USD Million
TABLE 83 Mexico Smart Labels Market, 2024 - 2031, USD Million
TABLE 84 Mexico Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 85 Mexico Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 86 Mexico Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 87 Mexico Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 88 Mexico Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 89 Mexico Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 90 Mexico Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 91 Mexico Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 92 Rest of North America Smart Labels Market, 2020 - 2023, USD Million
TABLE 93 Rest of North America Smart Labels Market, 2024 - 2031, USD Million
TABLE 94 Rest of North America Smart Labels Market by Component, 2020 - 2023, USD Million
TABLE 95 Rest of North America Smart Labels Market by Component, 2024 - 2031, USD Million
TABLE 96 Rest of North America Smart Labels Market by Application, 2020 - 2023, USD Million
TABLE 97 Rest of North America Smart Labels Market by Application, 2024 - 2031, USD Million
TABLE 98 Rest of North America Smart Labels Market by Technology, 2020 - 2023, USD Million
TABLE 99 Rest of North America Smart Labels Market by Technology, 2024 - 2031, USD Million
TABLE 100 Rest of North America Smart Labels Market by End Use, 2020 - 2023, USD Million
TABLE 101 Rest of North America Smart Labels Market by End Use, 2024 - 2031, USD Million
TABLE 102 Key Information – Avery Dennison Corporation
TABLE 103 Key information – Zebra Technologies Corporation
TABLE 104 Key Information – Invengo Technology Pte. Ltd.
TABLE 105 Key Information – Advantech Co., Ltd.
TABLE 106 Key Information – Alien Technology, LLC
TABLE 107 Key Information – CCL Industries, Inc.
TABLE 108 Key Information – STMicroelectronics N.V.
TABLE 109 Key Information – Fujitsu Limited
TABLE 110 Key Information – NXP Semiconductors N.V.
TABLE 111 Key Information – Impinj, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Smart Labels Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Smart Labels Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Porter’s Five Forces Analysis – Smart Labels Market
FIG 8 North America Smart Labels Market share by Component, 2023
FIG 9 North America Smart Labels Market share by Component, 2031
FIG 10 North America Smart Labels Market by Component, 2020 - 2031, USD Million
FIG 11 North America Smart Labels Market share by Application, 2023
FIG 12 North America Smart Labels Market share by Application, 2031
FIG 13 North America Smart Labels Market by Application, 2020 - 2031, USD Million
FIG 14 North America Smart Labels Market share by Technology, 2023
FIG 15 North America Smart Labels Market share by Technology, 2031
FIG 16 North America Smart Labels Market by Technology, 2020 - 2031, USD Million
FIG 17 North America Smart Labels Market share by End Use, 2023
FIG 18 North America Smart Labels Market share by End Use, 2031
FIG 19 North America Smart Labels Market by End Use, 2020 - 2031, USD Million
FIG 20 North America Smart Labels Market share by Country, 2023
FIG 21 North America Smart Labels Market share by Country, 2031
FIG 22 North America Smart Labels Market by Country, 2020 - 2031, USD Million
FIG 23 Recent strategies and developments: Avery Dennison Corporation
FIG 24 SWOT Analysis: AVERY DENNISON CORPORATION
FIG 25 SWOT Analysis: Zebra Technologies Corporation
FIG 26 SWOT Analysis: Advantech Co., Ltd.
FIG 27 SWOT Analysis: CCL Industries, Inc.
FIG 28 SWOT Analysis: STMicroelectronics N.V.
FIG 29 Swot analysis: Fujitsu Limited
FIG 30 SWOT Analysis: NXP Semiconductors N.V.
FIG 31 Recent strategies and developments: Impinj, Inc.
FIG 32 SWOT Analysis: Impinj, Inc.