RFID Market 2018 Global Top Vendors are Alien Technology, AWID, CAEN RFID srl , CCL Industries, GAO RFID Inc., GlobeRanger, Impinj, Invengo Technology, Mojix, Nedap, SMARTRAC N.V.

Global RFID Market analyzed the current state in the definitions, classifications, types, applications and industry supply and demand chain structure. The RFID Market report also focuses on the current development as well trends and also, current Key players and new comers, industry history, competitive landscape analysis, and key regions, etc. in the international RFID Industry.

Global RFID Market By Product Type (Tags, Readers, Software), By End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, Others) By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2024

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The Global RFID Market is expected to reach USD 44,351.6 million by 2024 from USD 13,378.7 million in 2016, at a CAGR of 16.3% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major Players: 

Some of the Major Players Operating in this Market are:-

Alien Technology, LLC
AWID,
CAEN RFID S.r.l,
CCL Industries Inc.,
GAO RFID Inc.,
Globe Ranger,
Impinj Inc.,
Invengo Technology Pvt. Ltd.,
Mojix Inc.,
Nedap N.V.,
SMARTRAC N.V,
ThingMagic
Honeywell International Inc
ZIH Corp.
among others.

Drivers: 

Some of the major factors driving the market for RFID market are increase demand of RFID technology in retail industry and enforced laws for labelling animals. These factors increase the demand for RFID market. Increasing installation of RFID in manufacturing units and for productivity improvement and increasing use of security and access control application are the other major factors driving the growth of the non-destructive testing equipment market

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RISING DEMAND OF RFID TECHNOLOGY IN RETAIL INDUSTRY

RFID tags usage in animals has been considered as one of the oldest method use in the rough terrain and large ranges, especially in the outbreak of mad cow disease. RFID tags are important in animal industry to manage exotic and endangered animals for preserves. Tagging of animals in livestock industry helps the farmers to identify animals with respect to its pedigree and medical information.

FAVOURABLE LAWS FOR LABELLING LIVESTOCK

Non-destructive equipment is majorly found in the end user industries. Therefore, government are making stringent rules and regulation regarding quality control and personnel safety. Instances such as leakages in nuclear reactors, explosions of pipelines and refinery blasts had made the government to set up the safety guidelines, as a result, leads to drive the NDT equipment market.

GROWTH IN THE USAGE OF RFID IN SECURITY AND ACCESS CONTROL APPLICATION

RFID are beneficial with the respect to profitability, safety and security enhancement, reusability and reliability. RFID tags are used with respect of personal identification task as it can be engineered by tampered resistant, and has some cryptographic algorithm’s internal state. RFID tags helps in letting the specific person enter into the specific area.

Competitive Analysis: 

RFID Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

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