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Europe Smart Labels Market Size, Share & Trends Analysis Report By Component, By Application, By Technology, By End Use, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 159 Pages
  • September 2024
  • Region: Europe
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010206
The Europe Smart Labels Market is expected to witness market growth of 14.9% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Smart Labels Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD2.51 billion by 2031. The UK market is exhibiting a CAGR of 13.9% during 2024-2031. Additionally, the France market would experience a CAGR of 15.9% during 2024-2031.



Smart labels with QR codes or NFC technology allow consumers to scan products for detailed information, such as origin, nutritional content, or recipe ideas. This interactive experience enhances customer engagement and provides added value beyond the product itself. Retailers use these labels to create dynamic pricing and promotional displays. Electronic shelf labels can be updated remotely, allowing quick pricing and inventory information changes, improving the shopping experience, and reducing manual labour.

These labels are used in logistics to automate the tracking of shipments and inventory. By providing real-time data on the location and status of goods, businesses can optimize routes, reduce delays, and improve overall efficiency. High-end brands utilize these labels with unique identifiers or encryption features to verify the authenticity of their products. This helps combat counterfeiting and reassures consumers about the legitimacy of their purchases.

The growing automotive production in Italy has led to a heightened need for efficient inventory management systems. Smart labels can streamline tracking of automotive parts and components, improving supply chain efficiency and reducing production delays. As per the International Trade Administration (ITA), the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. The expansion of Belgium’s pharmaceutical industry, driven by stringent EU regulations, necessitates advanced serialization through smart labels.

This helps ensure that each product is uniquely identifiable, aiding compliance and reducing counterfeit risks. As per the ITA, Belgium’s industry spends USD1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the world’s top 30 pharmaceutical companies, including important subsidiaries of major U.S. companies such as Johnson and Johnson and Pfizer. Thus, the high production of vehicles and expansion of the region's pharmaceutical sector drive the market's growth.

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.

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

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Labels Market, by Component
1.4.2 Europe Smart Labels Market, by Application
1.4.3 Europe Smart Labels Market, by Technology
1.4.4 Europe Smart Labels Market, by End Use
1.4.5 Europe Smart Labels Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.5 Porter Five Forces Analysis
Chapter 5. Europe Smart Labels Market by Component
5.1 Europe Batteries Market by Country
5.2 Europe Transceivers Market by Country
5.3 Europe Memories Market by Country
5.4 Europe Microprocessors Market by Country
5.5 Europe Other Component Market by Country
Chapter 6. Europe Smart Labels Market by Application
6.1 Europe Retail Inventory Market by Country
6.2 Europe Perishable Goods Market by Country
6.3 Europe Electronic & IT Assets Market by Country
6.4 Europe Equipment Market by Country
6.5 Europe Pallets Tracking Market by Country
6.6 Europe Other Application Market by Country
Chapter 7. Europe Smart Labels Market by Technology
7.1 Europe RFID Labels Market by Country
7.2 Europe EAS Labels Market by Country
7.3 Europe Electronic Shelf/Dynamic Display Labels Market by Country
7.4 Europe Near Field Communication (NFC) Tags Market by Country
7.5 Europe Sensing labels Market by Country
Chapter 8. Europe Smart Labels Market by End Use
8.1 Europe Retail Market by Country
8.2 Europe Fast Moving Consumer Goods (FMCG) Market by Country
8.3 Europe Logistic Market by Country
8.4 Europe Healthcare & pharmaceutical Market by Country
8.5 Europe Automotive Market by Country
8.6 Europe Manufacturing Market by Country
8.7 Europe Other End Use Market by Country
Chapter 9. Europe Smart Labels Market by Country
9.1 Germany Smart Labels Market
9.1.1 Germany Smart Labels Market by Component
9.1.2 Germany Smart Labels Market by Application
9.1.3 Germany Smart Labels Market by Technology
9.1.4 Germany Smart Labels Market by End Use
9.2 UK Smart Labels Market
9.2.1 UK Smart Labels Market by Component
9.2.2 UK Smart Labels Market by Application
9.2.3 UK Smart Labels Market by Technology
9.2.4 UK Smart Labels Market by End Use
9.3 France Smart Labels Market
9.3.1 France Smart Labels Market by Component
9.3.2 France Smart Labels Market by Application
9.3.3 France Smart Labels Market by Technology
9.3.4 France Smart Labels Market by End Use
9.4 Russia Smart Labels Market
9.4.1 Russia Smart Labels Market by Component
9.4.2 Russia Smart Labels Market by Application
9.4.3 Russia Smart Labels Market by Technology
9.4.4 Russia Smart Labels Market by End Use
9.5 Spain Smart Labels Market
9.5.1 Spain Smart Labels Market by Component
9.5.2 Spain Smart Labels Market by Application
9.5.3 Spain Smart Labels Market by Technology
9.5.4 Spain Smart Labels Market by End Use
9.6 Italy Smart Labels Market
9.6.1 Italy Smart Labels Market by Component
9.6.2 Italy Smart Labels Market by Application
9.6.3 Italy Smart Labels Market by Technology
9.6.4 Italy Smart Labels Market by End Use
9.7 Rest of Europe Smart Labels Market
9.7.1 Rest of Europe Smart Labels Market by Component
9.7.2 Rest of Europe Smart Labels Market by Application
9.7.3 Rest of Europe Smart Labels Market by Technology
9.7.4 Rest of Europe Smart Labels Market by End Use
Chapter 10. Company Profiles
10.1 Avery Dennison Corporation
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Segmental and Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 Recent strategies and developments
10.1.5.1 Partnerships, Collaborations, and Agreements
10.1.5.2 Product Launches and Product Expansions
10.1.5.3 Acquisition and Mergers
10.1.6 SWOT Analysis
10.2 Zebra Technologies Corporation
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expenses
10.2.5 Recent strategies and developments
10.2.5.1 Acquisition and Mergers
10.2.6 SWOT Analysis
10.3 Invengo Technology Pte. Ltd.
10.3.1 Company Overview
10.4 Advantech Co., Ltd.
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental and Regional Analysis
10.4.4 Research & Development Expense
10.4.5 SWOT Analysis
10.5 Alien Technology, LLC
10.5.1 Company Overview
10.6 CCL Industries, Inc.
10.6.2 Financial Analysis
10.6.3 Segmental and Regional Analysis
10.6.4 Recent strategies and developments
10.6.4.1 Acquisition and Mergers
10.6.5 SWOT Analysis
10.7 STMicroelectronics N.V.
10.7.1 Company Overview
10.7.2 Financial Analysis
10.7.3 Segmental and Regional Analysis
10.7.4 Research & Development Expenses
10.7.5 Recent strategies and developments
10.7.5.1 Product Launches and Product Expansions
10.7.6 SWOT Analysis
10.8 Fujitsu Limited
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expenses
10.8.5 SWOT Analysis
10.9 NXP Semiconductors N.V.
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Regional Analysis
10.9.4 Research & Development Expenses
10.9.5 SWOT Analysis
10.10. Impinj, Inc.
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Regional Analysis
10.10.4 Research & Development Expenses
10.10.5 Recent strategies and developments
10.10.5.1 Product Launches and Product Expansions
10.10.5.2 Acquisition and Mergers
10.10.6 SWOT Analysis

Companies Mentioned

Some of the key companies in the Europe Smart Labels Market include:
  • 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.

Methodology

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