Press release
RFID Tags Market 2018 Receives a Rapid Boost in Economy due to High Emerging Demands by Forecast to 2023
Market research future published a raw research report on Global RFID Tags Market that contains the information from 2014 to 2022. RFID tags market is expected to grow with the CAGR of approximately 7% from 2016 to 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global RFID Tags Market Information from 2014 to 2022"
The increasing adoption of RFID tags in retail, logistics, manufacturing and other industries is the key factor of the growth of RFID tags market. The capacity of RFID tags to reduce manual costs along with that of improving visibility and planning is also fuelling the growth of this market. Furthermore the growing interest in RFID electronic ticket system from the public transportation sector is augmenting the growth of this market.
On the basis of end-user, RFID tags market is segmented as Manufacturing Sector, Pharmaceutical, Healthcare, Retail, and Others. Adoption of RFID tags in healthcare sector is increasing rapidly. RFID technologies in healthcare help in patient tracking, surgery asset management, asset management, parking and medication authentication and control. Additionally, growing concern about drug counterfeit and safety, government initiatives, increasing need for reducing operational cost in healthcare and rise in incidence of medical device theft cases are driving the market for RFID tags in healthcare. The RFID tags market is expected to grow at a CAGR of 7% during the forecast period.
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RFID is the fastest growing technology
On the basis of type, RFID tags are segmented as Active, Passive and Semi-passive. An active tag has an on-board battery and periodically transmits its ID signal. Semi-passive tag has a small battery on board and is activated when in the presence of an RFID reader. A passive tag is smaller because it has no battery; instead, the tag uses the radio energy transmitted by the reader. Passive RFID tags segment dominates the market of RFID tags, by type. It is expected to show the fastest growth during the forecast period. Passive tags being cost effective, long life and smaller compared to active tags, are increasingly replacing barcodes in several applications.
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We recognize the key players in the Global RFID tags market as Alien Technology (U.S.), Confidex Ltd (Finland), HID Global Corporation (U.S.), Honeywell international Inc. (U.S.), Omni-ID Ltd (U.S.), Impinj, Inc. (U.S.), Invengo Information Technology Co. Ltd (China), Smartrac N.V. (Netherlands), The Tag Factory (India), and Tageos (France). This report includes the product portfolios of the same.
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the RFID tags market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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