Global RFID Market 2018 Analysis By Top Vendors Like Alien Technology, AWID, CAEN RFID srl , CCL Industries, GAO RFID Inc., GlobeRanger, Impinj, Invengo Technology, Mojix, Nedap, SMARTRAC N.V.
The global RFID market report also contains the drivers and restrains for the RFID market that are derived from SOWT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles.
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.
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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.
Global RFID Market Segmentation
• 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)
Table of Contents:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product/Service Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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Key Highlights of Report
• Overview of key market forces propelling and restraining market growth
• Offers a clear understanding of the competitive landscape and key product segments
• An analysis of strategies of major competitors
• Detailed analyses of industry trends
• A well-defined technological growth map with an impact-analysis
• Provides profiles of major competitors of the market.
• Details of their operations, product and services.
• Recent developments and key financial metrics.
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.
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
• High cost of RFID and device interoperability are the factor which may hinder the growth of this market
• Many companies are increasingly focusing on variability in the RFID tag with sensors and IOT based RFID labelling in order to
strengthen their product portfolios in the RFID market.
GlobeRanger is going to dominate the RFID market following with Smartarc N.V. and CCL Industries Inc. along with others such as 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., and ZIH Corp. among others.
• Tags market is growing with the highest CAGR
• Plastic material are driving the market with highest market share
• Industrial are dominating the RFID market
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