Market Scenario
The global radiofrequency identification market is expected to exhibit a strong 15.6% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The market is expected to grow to a robust valuation of USD 31.8 billion by 2023, according to MRFR.
The growing use of radiofrequency identification systems in retail, healthcare, defense, transportation and logistics, and other applications is the major driver for the global Radio-Frequency Identification Market. Rising demand from emerging economies is likely to be the major driver for the global radiofrequency identification market over the forecast period.
Key Players
The prominent players in the RFID Industry are: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), : Impinj Inc. (US), Ascendent ID (U.S), ), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US), among others.
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Radio Frequency Identification Market Global Market - Segmentation
The global radio frequency identification market is segmented on the basis of product type, wafer size, component, frequency, end use, and region.
- By product type, the global radiofrequency identification market is segmented into tags, readers, software, and others.
- By wafer size, the global radiofrequency identification market is segmented into 200 mm, 300 mm, 450 mm, and others.
- By component, the global radiofrequency identification market is segmented into passive, active, and others.
- By frequency, market is segmented into low frequency, high frequency, ultra-high frequency, and active ultra-high frequency.
- By end use, the global radiofrequency identification market is segmented into BFSI, agriculture/animal tracking, commercial, transportation, logistics and supply chain, healthcare, aerospace, defense, retail, security and access control, sports, and others.
Radio Frequency Identification Market Global Market - Regional Analysis
North America is likely to dominate the global radiofrequency identification market over the forecast period due to the growing demand for RFID tagging in retail, healthcare, transportation, defense, sports, access control and other applications in the region. The benefits of radiofrequency identification, including accuracy and errorless operations, have become increasingly apparent to various agencies in the region, which has resulted in growing use of RFID tagging in various applications. The retail sector is likely to remain a key player for the radiofrequency identification market over the forecast period due to the widespread use of radiofrequency identification in the retail sector. The use of radiofrequency identification in large supermarket chains across the U.S. and Canada is likely to be a major driver for the radiofrequency identification market in North America over the forecast period.
Europe is also likely to hold a major share in the global radiofrequency identification market over the forecast period, as the region has experienced widespread adoption of radiofrequency identification systems in retail, healthcare, and numerous other sectors in the last few years. The growing development of radiofrequency identification systems in Europe and the strong presence of several key players in the market is likely to be a major driver for the radiofrequency identification market in Europe over the forecast period. Another major driver for the radiofrequency identification market in Europe is the high preference for cashless payments based on NFC and other tech-based systems among European customers. This has enabled steady growth of the laser optics technology required for RFID systems, enabling steady growth of the radiofrequency identification market in the region.
Asia Pacific is likely to exhibit steady progress in the global radiofrequency identification market over the forecast period due to the growing demand for modern supermarkets in the region’s leading economies, such as South Korea, Japan, China, and India. This has driven technological innovation in the retail sector in an effort to provide customers a convenient experience. This has led to a growing demand for radiofrequency identification in these and other countries in the region. Growing demand for electronic tagging in the healthcare sector is also likely to be a major driver for the radiofrequency identification market in Asia Pacific over the forecast period, due to the high population of the region.
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TABLE OF CONTENTS
LIST OF FIGURES
Figure 1 Research Methodology
Figure 2 Radio-Frequency Identification (Rfid) Market: By Product Type (%)
Figure 3 Radio-Frequency Identification (Rfid) Market: By Components (%)
Figure 4 Radio-Frequency Identification (Rfid) Market: By Wafer Size (%)
Figure 5 Radio-Frequency Identification (Rfid) Market: By End-User (%)
Figure 6 Radio-Frequency Identification (Rfid) Market: By Region (%)
Figure 7 North America Radio-Frequency Identification (Rfid) Market, By Product Type (%)
Figure 8 North America Radio-Frequency Identification (Rfid) Market, By Components (%)
Figure 9 North America Radio-Frequency Identification (Rfid) Market, By Wafer Size (%)
Figure 10 North America Radio-Frequency Identification (Rfid) Market, By End-User (%)
Figure 11 North America Radio-Frequency Identification (Rfid) Market, By Region (%)
Figure 12 Europe Radio-Frequency Identification (Rfid) Market, By Product Type (%)
Figure 13 Europe Radio-Frequency Identification (Rfid) Market, By Components (%)
Figure 14 Europe Radio-Frequency Identification (Rfid) Market, By Wafer Size (%)
Continued…
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Market HighlightsThe study reveals that Radio-Frequency Identification (RFID) is trending in North America region.
The Radio-Frequency Identification (RFID) Market is driven by the innovation and advancements RFID applications in medicine tracking, supply chain, people identification and tracking, equipment tracking, and medical report, samples and blood transfer tracking and it is cost effective as well.The study signifies that the adoption of RFID solutions has increased from larger customers such as Airbus, Boeing and the U.S. Department of Defense.
Aerospace companies are increasingly leveraging RFID technology to garner benefits such as improved supply chain visibility, asset management and utilization, work-in-process (WIP) tracking, improved maintenance tracking and efficient logistics and manufacturing operations.Whereas Real Time Location Systems (RTLS), sensor networks, and Internet of things (IoT) are also act as a key driver for Radio-Frequency Identification (RFID) market.
Looking through the end-user segment it has been observed that healthcare sector is showing a rapid growth of usage of the RFID technology as it is being used widely in this sector for the medicine tracking, medical reports and blood transfer tracking.
Furthermore, defense and the government sector is expected to grow as real time intelligence and NFC are getting good overview in these sectorGet PR Details @ https://www.marketresearchfuture.com/press-release/radio-frequency-identification-rfid-industryKey PlayersThe prominent players in the Radio-Frequency Identification (RFID) Market are: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), : Impinj Inc. (US), Ascendent ID (U.S), ), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US), among others.Market Research Analysis: On geographic basis, Radio-Frequency Identification (RFID) Market is studied in different regions such as North America, Europe, Asia-Pacific and Rest of world.
RFID stores detailed information related to the product on which it is tagged.
“Radio Frequency Identification” technologies - RFID, “Radio Frequency IDentification” - allow the identification, at a distance and by means of radio waves, of any object provided with an “RFID tag”.
This method of identification, which does not require contact between the labels and the reader, makes it possible to meet many needs.RFID technologies are therefore booming today, with applications already widespread.
and contributes to improving the traceability of products and goods.
In November 2005, the France Nature Environnement (FNE) association asked the Agency to assess the possible impacts of RFID technologies on the environment and human health, in particular with regard to the electromagnetic fields emitted by these systems.
A paragraph in the report nevertheless presents the position of the CNIL (National Commission for Informatics and Freedoms) on this subject, at the date of writing of the report.The Agency's work The collective expertise carried out by the Agency focused on: evaluation of the levels of electromagnetic fields generated by current RFID systems (collection of technical information, measurement campaigns), the search for data on the assessment of environmental impacts, assessment of human exposure (general and professional population), the referencing of any biological effects identified in the literature, assessment of health impacts.
The risks for the general population as well as for people exposed in the course of their professional activities were examined.To carry out its expertise, the Agency relied on a review of the international literature but also on the hearing of experts and industrialists working in the field of RFID: inventory of the characteristics and uses of RFID , regulations and dedicated standards, technologies used.
The global RFID (Radio-frequency Identification) Smart Cabinets market is valued at million US$ in 2018 is expected to reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report focuses on RFID (Radio-frequency Identification) Smart Cabinets volume and value at global level, regional level and company level.
From a global perspective, this report represents overall RFID (Radio-frequency Identification) Smart Cabinets market size by analyzing historical data and future prospect.
Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.Key Questions Addressed by the ReportWhat is the growth perspective of the RFID (Radio-frequency Identification) Smart CabinetsMarket and the key dynamics and trends governing the market?What are key sustainability strategies adopted by the leading players in the RFID (Radio-frequency Identification) Smart CabinetsMarket?What are the new and emerging technologies and use cases disrupting the RFID (Radio-frequency Identification) Smart Cabinetsindustry?What are the key applications where RFID (Radio-frequency Identification) Smart Cabinetsplays a significant role?Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-rfid-smart-cabinets-2019-883The following manufacturers are covered:WaveMark, Inc.Terso SolutionsSolstice MedicalMobile Aspects Inc.To know more manuafacturersSegment by RegionsNorth AmericaEuropeChinaJapanSegment by TypeRFID ReaderRFID TagRFID AntanaOthersSegment by ApplicationPharmaticalChemicalCommercialOthersThe report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, restraints, current trends of the past and present times, supervisory scenario, and technological growth.
A thorough analysis of these elements has been accepted for defining the future growth prospects of the global Asset Leasing Software market.The key points of the report:1.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.2.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014–2019 market shares for each company.3.Through the statistical analysis, the report depicts the global and Chinese total market of RFID (Radio-frequency Identification) Smart Cabinetsindustry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.5.The report then estimates 2019–2024 market development trends of RFID (Radio-frequency Identification) Smart Cabinetsindustry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.6.The report makes some important proposals for a new project of RFID (Radio-frequency Identification) Smart CabinetsIndustry before evaluating its feasibility.Get the Complete Report & TOC at https://www.24marketreports.com/manufacturing-and-construction/global-rfid-smart-cabinets-2019-883CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
