Market Overview:
The North America smart labels market size reached US$
3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$
7.9 Billion by 2027, exhibiting a growth rate (CAGR) of
13.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different
end use industries. These insights are included in the report as a major market contributor.
Smart labels, or smart tags, are innovative, transparent labels that enable consumers to access detailed information about a product through their smart devices. These labels provide details regarding ingredients, manufacturers, date of manufacturing and other crucial information. Moreover, smart labels offer easy traceability and help in maintaining the authenticity of a product. Owing to this, these labels are widely employed across several industries, such as food and beverage, automotive, healthcare, security and retail.
The North America smart labels market is currently being driven by several factors. The market in the region is growing substantially due to the rising penetration of smart labels in merchandise- and asset-tracking applications. Moreover, increasing labor costs and issues related to price integrity are some of the other factors, which are compelling manufacturers and retailers to use smart labels for product labelling. Furthermore, various organizations across industries have launched different initiatives in the region to increase the demand for smart labels. For instance, a smart label digital initiative has been introduced by the Grocery Manufacturers Association and the Food Marketing Institute in the North America food industry. Apart from this, there is a wide-scale usage of smart labels, such as RFID, EAS and NFC, by manufacturers and retailers. This enables them to track shipped products, thus creating numerous growth opportunities for market players in the region. Additionally, the increasing use of digital technology across various sectors will continue to fuel the smart labels market growth in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America smart labels market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on technology, component and end-user.
- Key Regions Analysed
- Analysis for Each Country
- Market by Technology
- Radio-Frequency Identification (RFID)
- Electronic Article Surveillance (EAS)
- Electronic Shelf Label (ESL)
- Sensing Labels
- Near Field Communication (NFC)
- Market by Component
- Batteries
- Transceivers
- Microprocessors
- Memories
- Others
- Market by End-User
- Retail
- Logistics and Transportation
- Healthcare
- Food and Beverage
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Technology, Component, End-User, Country |
| Countries Covered |
United States, Canada |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America smart labels market performed so far and how will it perform in the coming years?
- What are the key regions in the North America smart labels market?
- What has been the impact of COVID-19 on the North America smart labels market?
- What is the breakup of the North America smart labels market on the basis of technology?
- What is the breakup of the North America smart labels market on the basis of component?
- What is the breakup of the North America smart labels market on the basis of end-user?
- What are the various stages in the value chain of the North America smart labels industry?
- What are the key driving factors and challenges in the North America smart labels industry?
- What is the structure of the North America smart labels industry and who are the key players?
- What is the degree of competition in the North America smart labels industry?
- What are the profit margins in the North America smart labels industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Labels Market
5.1 Market Performance
5.2 Market Breakup by Technology
5.3 Market Breakup by Component
5.4 Market Breakup by End-User
5.5 Market Breakup by Region
5.6 Market Forecast
6 North America Smart Labels Market
6.1 Market Performance
6.2 Impact of COVID-19
6.3 Market Forecast
7 North America Smart Labels Market: Breakup by Technology
7.1 Radio-Frequency Identification (RFID)
7.2 Electronic Article Surveillance (EAS)
7.3 Electronic Shelf Label (ESL)
7.4 Sensing Labels
7.5 Near Field Communication (NFC)
8 North America Smart Labels Market: Breakup by Component
8.1 Batteries
8.2 Transceivers
8.3 Microprocessors
8.4 Memories
8.5 Others
9 North America Smart Labels Market: Breakup by End-User
9.1 Retail
9.2 Logistics and Transportation
9.3 Healthcare
9.4 Food and Beverage
9.5 Others
10 North America Smart Labels Market: Breakup by Country
10.1 United States
10.1.1 Historical market Trends
10.1.2 Market Breakup by Technology
10.1.3 Market Breakup by Component
10.1.4 Market Breakup by End-User
10.1.5 Market Forecast
10.2 Canada
10.2.1 Historical market Trends
10.2.2 Market Breakup by Technology
10.2.3 Market Breakup by Component
10.2.4 Market Breakup by End-User
10.2.5 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
12.1 Overview
12.2 Research and Development
12.3 Raw Material Procurement
12.4 Manufacturing
12.5 Marketing
12.6 Distribution
12.7 End-Use
13 Porter’s Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: North America: Smart Labels Market: Major Drivers and Challenges
Figure 2: Global: Smart Labels Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Smart Labels Market: Breakup by Technology (in %), 2021
Figure 4: Global: Smart Labels Market: Breakup by Component (in %), 2021
Figure 5: Global: Smart Labels Market: Breakup by End-User (in %), 2021
Figure 6: Global: Smart Labels Market: Breakup by Region (in %), 2021
Figure 7: Global: Smart Labels Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: North America: Smart Labels Market: Sales Value (in Billion US$), 2016-2021
Figure 9: North America: Smart Labels Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: North America: Smart Labels Market: Breakup by Technology (in %), 2021
Figure 11: North America: Smart Labels (Radio-Frequency Identification) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: North America: Smart Labels (Radio-Frequency Identification) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: North America: Smart Labels (Electronic Article Surveillance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: North America: Smart Labels (Electronic Article Surveillance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: North America: Smart Labels (Electronic Shelf Label) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: North America: Smart Labels (Electronic Shelf Label) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: North America: Smart Labels (Sensing Labels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: North America: Smart Labels (Sensing Labels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: North America: Smart Labels (Near Field Communication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: North America: Smart Labels (Near Field Communication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Smart Labels Market: Breakup by Component (in %), 2021
Figure 22: North America: Smart Labels (Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: North America: Smart Labels (Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: North America: Smart Labels (Transceivers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: North America: Smart Labels (Transceivers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: North America: Smart Labels (Microprocessors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: North America: Smart Labels (Microprocessors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Smart Labels (Memories) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Smart Labels (Memories) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Smart Labels (Other Components) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Smart Labels (Other Components) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Smart Labels Market: Breakup by End-User (in %), 2021
Figure 33: North America: Smart Labels (Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: North America: Smart Labels (Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Smart Labels (Logistics and Transportation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Smart Labels (Logistics and Transportation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: North America: Smart Labels (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: North America: Smart Labels (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Smart Labels (Food and Beverage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Smart Labels (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Smart Labels (Other Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Smart Labels (Other Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: North America: Smart Labels Market: Breakup by Country (in %), 2021
Figure 44: United States: Smart Labels Market: Sales Value (in Million US$), 2016-2021
Figure 45: United States: Smart Labels Market: Breakup by Technology (in %), 2021
Figure 46: United States: Smart Labels Market: Breakup by Component (in %), 2021
Figure 47: United States: Smart Labels Market: Breakup by End-User (in %), 2021
Figure 48: United States: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Canada: Smart Labels Market: Sales Value (in Million US$), 2016-2021
Figure 50: Canada: Smart Labels Market: Breakup by Technology (in %), 2021
Figure 51: Canada: Smart Labels Market: Breakup by Component (in %), 2021
Figure 52: Canada: Smart Labels Market: Breakup by End-User (in %), 2021
Figure 53: Canada: Smart Labels Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: North America: Smart Labels Industry: SWOT Analysis
Figure 55: North America: Smart Labels Industry: Value Chain Analysis
Figure 56: North America: Smart Labels Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: North America: Smart Labels Market: Key Industry Highlights, 2021 and 2027
Table 2: North America: Smart Labels Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: North America: Smart Labels Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 4: North America: Smart Labels Market Forecast: Breakup by End-User (in Million US$), 2022-2027
Table 5: North America: Smart Labels Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 6: North America: Smart Labels Market: Competitive Structure
Table 7: North America: Smart Labels Market: Key Players