Press release
RFID Tags Growing at 7.6% CAGR Through 2023 | Global Leading Players - Alien Technology, Confidex Ltd, HID Global Corporation, Honeywell international Inc., GAO RFID Inc.
Market Highlights
Radio-frequency identification RFID uses electromagnetic field to identify & track tags attached to objects. The tags contain electronically stored information. This tag can be attached to or implanted in products, animals or even human beings. The increasing demand for tags in keyless entry & asset tracking applications benefits this market in expansion. Continuously growing end use industries are also adding to the market growth. On the basis of region, North America has both the highest market value and volume. Asia-Pacific region is expected to grow at the fastest pace during the forecast period because huge demand for chip less RFID from developing countries such as India and china.
The RFID tags market is expected to grow at a CAGR of around 7% by 2022.
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Key Players
The key players of global RFID tags Market report include 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)
RFID Tags Market - Competitive Analysis
RFID Tags market appears to be competitive with the presence of several large and small players operating in the RFID Tags Market. These Key players compete based upon pricing, quality, Technology and reputation. RFID Tags market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the RFID Tags market strive to respond to the growing demand for RFID Tags. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
Industry Overview:
Although applications of RFID have become more widespread in recent years, radio frequency identification is not a new technology. Public awareness of RFID was heightened in recent years when the U.S. Department of Defense (DoD) and retail giant Wal-Mart required their suppliers to use RFID technology. RFID technology has several applications that extend beyond the retail sector. RFID tags are embedded in passports for security and personal identification and in ID cards to control access to buildings. Tags are also used for electronic payment for transportation and other payment systems, such as credit cards and smart cards.
Market Research Analysis
The market is highly application based. The factors contributing to the growth of the RFID tags market are, continuously growing end-use industries such as retail, manufacturing & others, and increasing focus on efficient tracking of enterprise assets. The market is expected to have a higher growth rate as compared to the previous years. North America is the largest region for the RFID tags market.
RFID Tags Market - Segments:
Global RFID Tags Market is segmented in to 6 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Product Type: Tags, Reader, Software
Segmentation by Wafer size: 200mm, 300mm, 450mm
Segmentation by Components: Passive RFID, Active RFID and Others
Segmentation by Frequency: Low Frequency, High Frequency, Ultra-high Frequency and Active Ultra-High Frequency
Segmentation by End- Users: BFSI, Animal Tracking/Agriculture, Commercial, Transportation, Healthcare, Logistics and Supply Chain, Aerospace, Defense, Retail, Security and Access Control, Sports and Others
Segmentation by Regions: Comprises regions - North America, Europe, APAC and Rest of the World.
RFID Tags Market - Regional Analysis
The regional analysis of Radio-Frequency Identification (RFID) tags market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. North America region accounts for the largest market share, followed by Europe and Asia Pacific region. The study reveals that Europe region is showing a rapid growth due to its storage and tracker solution by the Radio-Frequency Identification (RFID) tags. The market is expected to register substantial growth in the near future, attributed to increase in usage of security & access control applications, requirement of the accurate data unit, and growth in demand for effective store handling. However, factors such as high initial investment cost, damage of sensors, and device interoperability restrain the growth of the market.
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Scope of the Report
This study provides an overview of the Global RFID tags market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global RFID tags market as Type and End-User.
By Type
o Passive
o Active
o Semi-passive
By End-User
o Manufacturing
o Retail
o Healthcare
o Pharmaceutical
o Others
The Global RFID tags market is expected to grow at a CAGR of 7.6% during the forecast period.
The report for Global RFID Tags Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macro economic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Geographic Analysis
• Geographical analysis across 15 countries
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
Brief TOC :
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By PackagingType
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures
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