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North America 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

  • 144 Pages
  • September 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6010207
The North America Smart Labels Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of USD8.57 billion 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 USD15.5 billion compared to USD14.4 billion in 2020, an increase of 8.1%. Total revenues were USD17.9 billion in 2021, increasing from USD16.3 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.

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

  • US
  • Canada
  • Mexico
  • Rest of North America

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 North America Smart Labels Market, by Component
1.4.2 North America Smart Labels Market, by Application
1.4.3 North America Smart Labels Market, by Technology
1.4.4 North America Smart Labels Market, by End Use
1.4.5 North America 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. North America Smart Labels Market by Component
5.1 North America Batteries Market by Region
5.2 North America Transceivers Market by Region
5.3 North America Memories Market by Region
5.4 North America Microprocessors Market by Region
5.5 North America Other Component Market by Region
Chapter 6. North America Smart Labels Market by Application
6.1 North America Retail Inventory Market by Country
6.2 North America Perishable Goods Market by Country
6.3 North America Electronic & IT Assets Market by Country
6.4 North America Equipment Market by Country
6.5 North America Pallets Tracking Market by Country
6.6 North America Other Application Market by Country
Chapter 7. North America Smart Labels Market by Technology
7.1 North America RFID Labels Market by Country
7.2 North America EAS Labels Market by Country
7.3 North America Electronic Shelf/Dynamic Display Labels Market by Country
7.4 North America Near Field Communication (NFC) Tags Market by Country
7.5 North America Sensing labels Market by Country
Chapter 8. North America Smart Labels Market by End Use
8.1 North America Retail Market by Country
8.2 North America Fast Moving Consumer Goods (FMCG) Market by Country
8.3 North America Logistic Market by Country
8.4 North America Healthcare & pharmaceutical Market by Country
8.5 North America Automotive Market by Country
8.6 North America Manufacturing Market by Country
8.7 North America Other End Use Market by Country
Chapter 9. North America Smart Labels Market by Country
9.1 US Smart Labels Market
9.1.1 US Smart Labels Market by Component
9.1.2 US Smart Labels Market by Application
9.1.3 US Smart Labels Market by Technology
9.1.4 US Smart Labels Market by End Use
9.2 Canada Smart Labels Market
9.2.1 Canada Smart Labels Market by Component
9.2.2 Canada Smart Labels Market by Application
9.2.3 Canada Smart Labels Market by Technology
9.2.4 Canada Smart Labels Market by End Use
9.3 Mexico Smart Labels Market
9.3.1 Mexico Smart Labels Market by Component
9.3.2 Mexico Smart Labels Market by Application
9.3.3 Mexico Smart Labels Market by Technology
9.3.4 Mexico Smart Labels Market by End Use
9.4 Rest of North America Smart Labels Market
9.4.1 Rest of North America Smart Labels Market by Component
9.4.2 Rest of North America Smart Labels Market by Application
9.4.3 Rest of North America Smart Labels Market by Technology
9.4.4 Rest of North America 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 North America 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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