Radio-Frequency Identification (RFID) Market 2018 Global Leaders: Alien Technology, ACTAtek Technology, Axcess International, 3M Company, Ascendent ID, Avery Dennison Corporations

Market Research Future published a research report on “Global Radio-Frequency Identification (RFID) Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Radio Frequency Identification Market Global Market- Overview

Radio frequency identification, or RFID, is an advanced technology that comprises small tags which in purposes is to transfer the signals. This RFID devices are extensively used in retail sector which are used as remote scanners to detect the RFID tags deployed on individual products, allowing them to register a variety of information, including quantities of inventories and trace the product in various location. Considering, the technical aspects the RFID are categorized based on low frequency which transmit the signals 30KHz to 500KHz, high frequency (HF) which ranges from 3MHZ to 30MHZ, and ultra-high frequency which ranges 300 MHz to 960 MHz. These RFID are widely used in different industrial verticals such as healthcare, manufacturing, retail in supermarkets, and many more. However, with the advancement technology, the integration of RFID with IoT and GPS are expected to be a better prospects over the forecast period. On the flip side, the security and privacy concerns are major challenging factors for the RFID Market over the forecast period.

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Key Players

The prominent players in the Radio-Frequency Identification (RFID) Market are: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), ), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US), among others.

Industry News

February 2018, Panasonic and Trial Company had come aligned to engage the demonstration the first RFID based walk through checkout system solution. By this process, customers can automatically pass through checkout lane with their shopping bags containing RFID tags. This combination will scan the information and by default scan the product and payment would automatically will be detected through the prepaid cards which eventually reduce the checkout time.

January 2018, Blockchain industry leaders, Waltonchain, one of the Chinese and Korean developers who implements Radio Frequency Identification (RFID) to streamline businesses’ supply chain management and Loci,one of the platform providers of IP inventions and mining, had come aligned for a strategic partnership. This partnership will create the ocean of opportunities for Waltonchain to create more progressive inventions and innovations with the help of resources provided by Loci and their platform for IP research and development, marketplace and business enagagement.

Segments:

The global Radio-Frequency Identification (RFID) market has been segmented on the basis of product type, wafer size, components, frequency, end users and region.

Radio-Frequency Identification (RFID) Market by Product Type:

• Tags
• Reader
• Software
• Others

Radio-Frequency Identification (RFID) Market by Wafer size:
• 200mm
• 300mm
• 450mm
• Others

Radio-Frequency Identification (RFID) Market by Components:

• Passive RFID
• Active RFID
• Others

Radio-Frequency Identification (RFID) Market by Frequency:

• Low Frequency
• High Frequency
• Ultra-high Frequency
• Active Ultra-High Frequency

Radio-Frequency Identification (RFID) Market by End- Users:

• BFSI
• Animal Tracking/Agriculture
• Commercial
• Transportation
• Healthcare
• Logistics and Supply Chain
• Aerospace
• Defense
• Retail
• Security and Access Control
• Sports
• Others

Radio Frequency Identification Market Global Market - Regional Analysis

The regional analysis of Radio-Frequency Identification (RFID) market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. Radio frequency identification provides solutions such as storage, simple management & monitoring, real-time backup recovery, data de-duplication, customer support and many others services that brings the attention to these application.

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). Asia-Pacific countries like China, Japan and India is projected to be the fastest growing region in the Radio-Frequency Identification (RFID) market due to the increasing size of high data generation in many countries.

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Intended Audience

• Software investors
• Security solution vendors
• RFID service providers
• Value-added Resellers
• Distributers
• Investors and Venture Capitalist
• Security Management Service Provider
• Security Equipment Providers
• Security Agencies
• System Integrators
• Research/Consultancy firms

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