The report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Smart Labelling in Logistics Market
Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) — The “Smart Labelling in Logistics Market Report 2024” has been added to ResearchAndMarkets.com’s offering.
The smart labelling in logistics market size has grown strongly in recent years. It will grow from $6.37 billion in 2023 to $6.74 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth during the historic period can be attributed to the heightened need for compliance with traceability and safety regulations, the increased complexity of supply chains requiring advanced labeling solutions, the adoption of automated systems for more accurate and efficient labeling, rising consumer expectations for transparent product information, the expansion of global trade necessitating standardized and reliable labeling systems, and efforts to reduce operational costs driving improvements in labeling efficiency.
The smart labelling in logistics market size is expected to see strong growth in the next few years. It will grow to $8.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth during the forecast period can be attributed to improvements in smart labeling driven by the Internet of Things (IoT) for real-time tracking, advances in AI and machine learning, sustainability initiatives, blockchain technology, and trends towards personalization.
Key trends expected during this period include IoT integration, the use of AI and machine learning, personalized labeling, advanced analytics, and augmented reality (AR).
The growth of smart labels in the logistics market is anticipated to be driven by the expansion of Internet of Things (IoT) integration. IoT integration involves connecting and coordinating IoT devices and systems to facilitate seamless data exchange and automation. This increase in IoT integration is fueled by advancements in technology, greater connectivity, decreasing costs of IoT devices, and a rising demand for smart solutions across different sectors. Smart labels enhance IoT integration in logistics by offering real-time data and seamless connectivity for tracking, monitoring, and managing goods throughout the supply chain. For example, a report from Ericsson in September 2022 highlighted that global IoT connections reached 13.2 billion in 2022 and are projected to grow by 18% to 34.7 billion by 2028. This growth in IoT integration is expected to drive the expansion of smart labels in the logistics sector.
Leading companies in the smart labels market are concentrating on developing advanced solutions like unified visibility platform-based labeling to enhance supply chain efficiency and accuracy. Unified visibility platform-based labeling involves a system that integrates real-time tracking and management of goods across the supply chain through a single interface. For instance, in May 2024, Roambee Corporation, a US-based provider of supply chain visibility and intelligence, introduced a 5G GPS smart label with a peel-and-ship design measuring 4 inches by 6 inches. This label uses 5G technology, GPS, and sensors calibrated by the National Institute of Standards and Technology (NIST) to monitor environmental factors such as temperature, humidity, shock, and light, providing superior real-time visibility for shipments. It operates like a barcode, allowing users to scan the label for shipment information without needing complex infrastructure like printers. The smart label integrates seamlessly with Roambee’s unified visibility platform, offering accurate insights into estimated time of arrival (ETA), shipment quality, and security throughout the supply chain.
In October 2021, Barcodes Inc., a US-based logistics technology firm, acquired Smart Label Solutions for an undisclosed amount. This acquisition is aimed at boosting Barcodes Inc.’s ability to automate and optimize supply chain processes across various industries. Smart Label Solutions, also based in the US, specializes in radio frequency identification (RFID) solutions.
Major companies operating in the smart labelling in logistics market are Oracle Corporation, Honeywell International Inc., 3M Company, NXP Semiconductors N.V., Avery Dennison Corporation, Zebra Technologies Corporation, CCL Industries Inc., Toshiba Tec Corporation, Cognex Corporation, Sato Holdings Corporation, Checkpoint Systems Inc., Mimaki Engineering Co. Ltd., Impinj Inc., Identiv Inc., Barcodes Inc., Alien Technology LLC., Roambee Services Private Limited, William Frick & Company, Scanbuy Inc., Thin Film Electronics ASA, SMARTRAC TECHNOLOGY GmbH, KSW Microtec AG, Invengo Information Technology Co. Ltd, TSC Auto ID Technology Co. Ltd.
This report focuses on smart labelling in logistics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Markets Covered:
- By Product: Radio Frequency Identification (RFID) Labels; Near Field Communication (NFC) Labels; Electronic Shelf Labels (ESL); Other Products
- By Component: Hardware; Software; Services
- By Deployment Type: Cloud-Based; On-Premises
- By Company Size: Small And Medium-Sized Enterprises (SMEs); Large Enterprises
- By Application: Inventory Management; Asset Tracking; Parcel Tracking And Delivery; Cold Chain Monitoring; Other Applications
Key Companies Mentioned: Oracle Corporation; Honeywell International Inc.; 3M Company; NXP Semiconductors N.V.; Avery Dennison Corporation
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024 – 2028 |
| Estimated Market Value (USD) in 2024 | $6.74 Billion |
| Forecasted Market Value (USD) by 2028 | $8.44 Billion |
| Compound Annual Growth Rate | 5.8% |
| Regions Covered | Global |
Key Topics Covered:
1. Executive Summary
2. Smart Labelling in Logistics Market Characteristics
3. Smart Labelling in Logistics Market Trends and Strategies
4. Smart Labelling in Logistics Market – Macro Economic Scenario
5. Global Smart Labelling in Logistics Market Size and Growth
5.1. Global Smart Labelling in Logistics Market Drivers and Restraints
5.2. Global Smart Labelling in Logistics Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Smart Labelling in Logistics Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Smart Labelling in Logistics Market Segmentation
6.1. Global Smart Labelling in Logistics Market, Segmentation by Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Radio Frequency Identification (RFID) Labels
- Near Field Communication (NFC) Labels
- Electronic Shelf Labels (ESL)
- Other Products
6.2. Global Smart Labelling in Logistics Market, Segmentation by Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Hardware
- Software
- Services
6.3. Global Smart Labelling in Logistics Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Cloud-Based
- on-Premises
6.4. Global Smart Labelling in Logistics Market, Segmentation by Company Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprises
6.5. Global Smart Labelling in Logistics Market, Segmentation by Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Inventory Management
- Asset Tracking
- Parcel Tracking and Delivery
- Cold Chain Monitoring
- Other Applications
7. Smart Labelling in Logistics Market Regional and Country Analysis
7.1. Global Smart Labelling in Logistics Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Smart Labelling in Logistics Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8-29. Country Specific Smart Labelling in Logistics Market Analysis
30. Smart Labelling in Logistics Market Competitive Landscape and Company Profiles
30.1. Smart Labelling in Logistics Market Competitive Landscape
30.2. Smart Labelling in Logistics Market Company Profiles
- Oracle Corporation
- Honeywell International Inc.
- 3M Company
- NXP Semiconductors
- Avery Dennison Corporation
31. Smart Labelling in Logistics Market Other Major and Innovative Companies
- Zebra Technologies Corporation
- CCL Industries Inc.
- Toshiba Tec Corporation
- Cognex Corporation
- Sato Holdings Corporation
- Checkpoint Systems Inc.
- Mimaki Engineering Co. Ltd.
- Impinj Inc.
- Identiv Inc.
- Barcodes Inc.
- Alien Technology LLC.
- Roambee Services Private Limited
- William Frick & Company
- Scanbuy Inc.
- Thin Film Electronics ASA
32. Global Smart Labelling in Logistics Market Competitive Benchmarking
33. Global Smart Labelling in Logistics Market Competitive Dashboard
34. Key Mergers and Acquisitions in the Smart Labelling in Logistics Market
35. Smart Labelling in Logistics Market Future Outlook and Potential Analysis
35.1 Smart Labelling in Logistics Market in 2028 – Countries Offering Most New Opportunities
35.2 Smart Labelling in Logistics Market in 2028 – Segments Offering Most New Opportunities
35.3 Smart Labelling in Logistics Market in 2028 – Growth Strategies
For more information about this report visit https://www.researchandmarkets.com/r/u9ib64
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