Smart Tag Market Leading Company Analysis and Forecast to 2030 |Checkpoint Systems (CCL), Avery Dennison, Sato Holdings Corporation

At a CAGR of 18.2%, the global market for smart tags is anticipated to increase from USD 2.4 billion in 2022 to USD 12.3 billion by 2030. Small, wireless devices called smart tags can be affixed to items to track their whereabouts. They typically run on batteries and connect to smartphones or other devices using Bluetooth Low Energy (BLE). There are several uses for smart tags, including Keys, wallets, baggage, and other easily lost things can be tracked using smart tags. Pets can be fitted with smart tags to follow their whereabouts and assure their safety.

The market is expanding as a result of the rising need for tracking and monitoring tools. The market is also being stimulated by the rising acceptance of smart home gadgets and the expansion of BLE usage. Tracking important assets, such as pricey tools or equipment, is possible using smart tags. Smart tags can be used to monitor how items are being moved along the supply chain.

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Who are the Top Key players operating the global Smart Tag Market:

Checkpoint Systems (CCL), Avery Dennison, Sato Holdings Corporation, Tyco Sensormatic, Smartrac (Linxens), SES (imagotag), Zebra, Fujitsu, Honeywell, TAG Company, Paragon ID, Century, Pricer, Alien Technology, Invengo Information Technology, Multi-Color Corporation, Samsung, E Ink, Displaydata

Smart Tag Market, By Segmentation:

Smart Tag Market segment by Type:
EAS Labels
RFID Labels
Sensing Labels
Electronic Shelf Labels
NFC Tags

Smart Tag Market segment by Application:
Automotive
Healthcare & Pharmaceutical
Logistic
Retail
Manufacturing
Others

Smart tag technologies have gained popularity in Europe for uses like asset tracking, transportation, and inventory control. The market in this area is driven by the adoption of RFID systems in the retail, healthcare, and industrial sectors. Smart tag use is soaring in nations including South Korea, China, and Japan. The need for smart tags in this region is influenced by the manufacturing sector, the logistics industry, and government programmes that promote supply chain effectiveness.

The COVID-19 epidemic affected the smart tag market in both positive and negative ways. Smart tags are frequently used to manage and track objects, people, and animals. Health and safety were given more attention during the pandemic, which in certain locations led to the deployment of smart tags for contact tracing purposes. However, because of the economy's instability and the decline in commercial activity during lockdowns, the overall demand for some smart tag applications may have been hampered. The need for smart tags will possibly return and even increase as society adopts a new normal as companies and people prioritise digital solutions.

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A number of major factors are influencing the market for smart tags, which is developing quickly. Among these is BLE, a low-power wireless technology perfect for use in smart tags. The market for smart tags is expanding as a result of BLE's rising popularity. The market for smart tags is expanding due to the rising popularity of smart home appliances. In smart homes, smart tags can be used to monitor the movement of people and things. Solutions for tracking and monitoring are increasingly in demand across a range of sectors, including logistics, healthcare, and retail. This is fueling the market for smart tags to rise.

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Table of Content
Chapter 1: Global Smart Tag Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Smart Tag market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Smart Tag Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Smart Tag market Size Forecast (2023-2030).
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