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Global RFID market is having CAGR 16.3% reach USD 31,920.4 million by 2024
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The Global RFID market is accounted to reach USD 31,920.4 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 major factors driving the growth of this market are increase demand of RFID Technology in retail industry, enforced laws for labelling animals, increasing use of security and access control application and increasing installation of RFID in manufacturing units and for productivity improvement. On the other hand, high cost of RFID and device interoperability may hinder the growth of the market.
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Global RFID Market Size, Share, Growth, Trends, Regional Outlook, and Forecasts, 2018 - 2025’ to its vast database of research reports. This intelligence study focuses on the current market trends and development patterns, in order to assist the new entrants in discovering market opportunities and develop effective ways to expand their presence in the global market.
This research report provides an in-depth analysis of the market size, share, growth rate, drivers, restraints, challenges, threats, and growth opportunities in existing and potential markets.
The report has been collated as a result of the qualitative and quantitative research, first-hand information, and inputs from industry professionals and industry participants across the value chain. The study also provides a detailed assessment of the current market trends, micro- and macroeconomic indicators and governing factors, as well as the market attractiveness, as per the segments and sub-segments. The report also focuses on the qualitative impact of the different RFID market factors on market segments and geographies.
Top Market Players:
• GlobeRanger
• Smartarc N.V.
• CCL Industries Inc.
• Alien Technology,
• LLC, AWID,
• CAEN RFID S.r.l,
• GAO RFID Inc.,
• Impinj, Inc.,
• Invengo Technology Pte. Ltd.,
• Mojix, Inc.,
• Nedap N.V.,
• ThingMagic,
• Honeywell International Inc.,
• ZIH Corp..
The market is further segmented into:
• product type
• end-user
• Geography
The global RFID market is segmented on the basis of products, end user and geography. The global RFID market is segmented into tags, readers and software tools. In 2017, the tags segment is expected to dominate the market with a share of 56.5% and is expected to continue this trend till 2024.
Based on end user, the global RFID market is segmented into industrial, transportation, retail, consumer package goods, healthcare, education and others.
Based on geography, the Global RFID market is segmented into geographical regions, such as,
• North- America,
• South America
• Europe
• Asia-Pacific
• Middle East and Africa
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Covered in this report
The report covers the present scenario and the growth prospects of the Global RFID market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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Some of the market dynamics covered in this report include the market drivers, threats, and opportunities. It analyzes the overall market segments to predict the evolving ones and provides a detailed segmentation of the RFID industry, based on the product types, applications, and key geographies. The report also provides a comprehensive study of the global RFID market share and forecasts.
In the last section of the report, the global RFID market additionally provides a detailed survey of the key competitors and the leading players in the market, based on the various objectives of an organization such as overview, profiling, product portfolio, the quantity of production, upstream raw material, downstream demand analysis, and the financial status of the organization. These key players have adopted the regional expansion, mergers & acquisitions, product portfolio expansion, partnerships, and collaborations as their key strategies to enhance their infiltration in the Global RFID Market.
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DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm
DIT…
