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PUBLISHER: KBV Research | PRODUCT CODE: 1565316
PUBLISHER: KBV Research | PRODUCT CODE: 1565316
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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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.
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 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
- 3.1.1 Overview
- 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 KBV 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
LIST OF TABLES
- 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.
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