RFID Market Overview
The RFID Market research report is a point-by-point investigation of the RFID industry that represents considerable authority in recognizing the development capability of the global RFID Market and potential opportunities in the market. Secondary information comes from government distributions, master interviews, audits, studies, and confided in journals. The data recorded in the report range ten years, trailed by a methodical audit to lead a top to bottom investigation of the RFID Market. Moreover, the report covers a broad examination of the key market players in the market, alongside their business outline, development plans, and procedures.
RFID Market, by Product Type (Tags, Readers, and Software and Services), Wafer Size, Tag Type (Passive Tags and Active Tags), Frequency, Applications, Form Factor, Material, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
The global RFID Market size is projected to reach a CAGR of 10.9% from USD 10.7 billion in 2021, during the forecast period 2021-2028.
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RFID referred to as Radio Frequency Identification is a technology, that uses radio waves to read and gather the information stored on a tag attached to an object, animal, or human. It is similar to bar codes and yet, it does not require to be within the range of an RFID reader. RFID is used across construction, engineering, chemical industries, manufacturing, retail, logistics, and the public sector among others.
Growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units are some of the factors that have supported long-term expansion for RFID Market.
RFID Market Regional Analysis
Americas is expected to register largest market share in terms of value for RFID tag market globally during the forecast period. The high adoption of RFID systems in the US is a major factor that has led to the prominent position of the Americas in the RFID market.
RFID Market Competitive Landscape
Key Players
· Checkpoint Systems
· Invengo
· Smatrac
· Avery Dennison
· Alien Technology
· NXP Semiconductors
· Impinj
· Mojix
· Nedap
· Zebra Technologies
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Recent Developments in the RFID Market
· In September 2020, Avery Dennison introduced the AD-332u8 RAIN RFID inlay that excels in high density, close proximity conditions and can be used for inventory accuracy (item-level tagging) and supply chain management. AD-332u8 inlays are equipped with UCODE 8 chips from NXP, featuring 128 bits of EPC memory and a 96-bit Tag IDentifier (TID) with a 48-bit unique serial number factory-encoded into the TID. The new RAIN RFID inlay measures 70 x 14.5mm—the market’s smallest product that meets ARC category H specifications.
· In September 2020, Avery Dennison launched its dual-technology AD-362r6-P inlay that combines item-level tracking and digital ID capabilities of a high-performance RAIN RFID (UHF) tag. This tag is suitable for a wide range of retail apparel products and applications with the secondary loss prevention functionality of an EAS tag. AD-362r6-P inlays are a unique dual-technology design incorporating a UHF RFID inlay and an electronic article surveillance (EAS) tag in a single die-cut label.
Reasons to Acquire RFID Market Report
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for RFID Market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
RFID Market is segmented into product type, wafer size, tag type, frequency, application, form factor, material and region.
On the basis of Product Type
Tags
Readers
Software and Services
On the basis of Wafer Size
8 inches
Others
On the basis of Tag Type
Active tags
Passive tags
On the basis of Frequency
Low Frequency
High Frequency
Ultra-high Frequency (UHF)
On the basis of Application
Agriculture
Commercial
Transportation
Healthcare
Logistics & Supply Chain
Aerospace
Défense
Retail
Security and Access Control
Sports
Animal Tracking
Ticketing
On the basis of Form Factor
Card
Implant
Key Fob
Label
Paper Ticket
Band
Others
On the basis of Material
Plastic
Paper
Glass
Others
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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