According to Research & Markets, the world’s largest market research store and trusted source of market data and statistics, smart labels are transforming transport logistics and tracking of shipments.
The “Smart Labels in Logistics” report by the independent industry analyst and consulting firm Berg Insight analyses the rapidly growing market for smart label solutions used in tracking logistics items like packages, pallets, and crates.
With a projected CAGR of 140%, annual shipments are expected to reach 31.8 million units by 2029, while the market value is set to grow from €11.2 million in 2024 to €181.6 million. Smart labels integrate GPS tracking with shipping labels using technologies like cellular, LoRaWAN, and Sigfox for real-time tracking.
Redefine tracking and efficiency in transport logistics
Multiple companies including Sensos, a partner of BOX ID, are actively developing smart label solutions, with several already having launched commercial products. Both companies are referenced as key players by Research & Markets and Berg Insight: Smart labels combined with a powerful software offer significant potential for logistics service providers to innovate and expand their offerings.
