RFID Market Predictions, Leading Players & Chances 2018-2025
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The RFID market is segmented in the basis of product, type, communication frequency, application and region. The RFID market segment product is further bifurcated into – RFID reader, RFID middleware & services and RFID tag. RFID tag and RFID reader beholds the largest share in the global RFID market. Another segment of this market is the type segment that is furthermore bifurcated into Battery-Assisted Passive (BAP), active & passive RFID.
RFID Market Players:
• Alien Technology Corporation
• Zebra Technologies Corporation
• Toppan Forms Co. Ltd
• Dai Nippon Printing Company Limited
• 3M Company
• Avery Dennison Corporation
• Checkpoint Systems, Inc.
• Confidex Ltd.
• Intermec Inc.
• BASF SE
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Passive RFID accounts for the largest share and BAP is projected to imitate highest growth rate during the forecast period. The market comprises of another segment namely, communication frequencies and is segmented into – low & high frequency band (LF & HF respectively) and ultra-high frequency band (UHF). UHF RFIDs are more popular among various applications, thus they are predicted to imitate the rapid growth in next few years.
RFID has numerous applications in government, automation & transportation, manufacturing, medical, BFSI, retail & supply chain, media & entertainment, enterprise access control and defense & military. Automation & transportation vertical captures the largest share in market, whereas, medical & healthcare is predicted to show the highest growth rate in next few years. The region wise segmentation of the market comprises of five regions in all that include South America, North America, Europe, Asia-Pacific and Middle East & Africa. Currently, North America is the dominating the global RFID market. Europe and APAC regions are predicted to exhibit significant acceptance of RFID solutions and products in upcoming years. The RFID market in MEA & SAM are predicted to exhibit moderately slow penetration.
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