Wide Area RFID Systems Market Estimated to Flourish by 2027 –Mojix, Impinj, Guard RFID Solutions, Balluff GmbH, PervasID

The Wide Area RFID Systems Market is anticipated to grow in the forecast period owing to the driving factors including increasing developments in the manufacturing industry. Further, increasing deployments in the automotive industry is supplementing the market growth. However, availability of substitutes is impeding the growth of the Wide Area RFID Systems market.

One of the major factors driving the demand for wide area RFID systems is rise in innovative applications. RFID technology has been used in various end-use industries over a long period of time. However, the use of this technology has been restricted to limited applications such as shipment tracking and inventory management. Furthermore, with decreasing costs of RFID tags and readers, wide area RFID systems are expected to witness significant rise in terms of adoption in the end-use industries.

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NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Wide area RFID systems are essentially traditional RFID systems which can identify and locate numerous objects over a long range. The traditional deployment of RFID systems used to restrict the usability as the objects were identified and accounted for only at certain checkpoints and entrances. In case, if a detailed inventory check is required, operators would have to manually scan individual objects or products which requires immense amount of time and labor. Wide area RFID systems have offered a viable solution to various industries to identify and locate numerous objects simultaneously all across the facility.

Competitive Landscape: Wide Area RFID Systems Market:
• Mojix, Inc.
• Impinj, Inc.
• Guard RFID Solutions, Inc.
• Balluff GmbH
• PervasID Ltd.
• Shenzhen Jietong Technology Co., Ltd.
• Trackware B.V.
• Idesco Oy
• Balogh Group
• GAO RFID, Inc.

Moreover, the report elaborates different internal and external factors of the global Wide Area RFID Systems market. Data related to organizations such as the sales amassed by the manufacturers have also been mentioned. The report offers data related to the firm’s price models along with gross margins. The report further focuses on market dynamics, growth drivers, developing market segments, and the market growth curve based on past, present, and future market data.

The global wide area RFID systems market is segmented on the basis of component, end-user industry. On the basis of component, market is segmented as tags, readers, antennas, software. On the basis of end-user industry, market is segmented as automotive, retail, oil and gas, manufacturing, healthcare, others.

To comprehend global Wide Area RFID Systems market dynamics in the world mainly, the worldwide market is analyzed across major global regions: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia), South America (Brazil, Argentina), Middle East & Africa (Saudi Arabia, UAE, Egypt and South Africa).

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The Key Highlights of the Report:
• Estimates on market size by key regions/countries, product type and application, history data from 2020 to 2027, and forecast to 2027.
• The structure of global Wide Area RFID Systems market by identifying its various sub-segments
• Analysis of the value, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
• Detailed information about the key factors influencing the growth of the market including growth potential, opportunities, drivers, industry-specific challenges and risks.

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This release was published on openPR.