Smart Labels Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Smart Labels Market size is expected to reach $43.5 billion by 2031, rising at a market growth of 15.5% CAGR during the forecast period.

The Batteries segment generated the highest revenue in the Global Smart Labels Market by Component in 2023; thereby, achieving a market value of $11.1 billion by 2031. The dominance of the batteries segment can be attributed to the growing need for reliable and long-lasting power sources for smart labels, particularly in applications such as RFID tags and electronic shelf labels (ESLs).

The Retail Inventory segment is registering a CAGR of 14.6 % during the forecast period. The retail sector’s increasing need for efficient inventory management, real-time tracking, and improved product visibility has significantly driven the adoption of smart labels. Retailers leverage smart labels to enhance stock accuracy, reduce out-of-stock situations, and improve customer satisfaction.

The RFID Labels segment led the Global Smart Labels Market by Technology in 2023; thereby, achieving a market value of $18.4 billion by 2031. The dominance of RFID labels can be attributed to their widespread application in inventory management, asset tracking, and supply chain logistics. The ability of RFID labels to provide real-time data and enhance operational efficiency has driven their adoption across various industries, including retail, healthcare, and logistics.

The Retail segment is growing at a CAGR of 13.7 % during the forecast period. Retailers have increasingly adopted smart labels to streamline inventory management, enhance product visibility, and improve customer experience. Technologies like RFID and electronic shelf labels (ESLs) provide real-time updates, dynamic pricing, and accurate stock levels.

Full Report: https://www.kbvresearch.com/smart-labels-market/

The Asia Pacific region dominated the Global Smart Labels Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.4 billion by 2031. The North America region is anticipated to grow at a CAGR of 14.7% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 14.9% during (2024 - 2031).

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.

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 Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA