Global RFID tags Market to witness a strong CAGR of 9.9% over the course of the forecast period 2018-2025 to be valued around US$ 8,346 Mn rising

Press Release – 04 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on RFID Tags: Logistics and Transportation Sector to Excessively Deploy RFID Tags in the Years to Follow" with Industries Survey | Global Current Growth and Future.
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Logistics and transportation emerged as the leading application sector for RFID tags in 2017. It is further expected to maintain a stronghold over the market in the coming years. The use of RFID tags is increasing extensively in this sector because of stealing and counterfeit related issues and also to track real-time shipments.
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“Aerospace and healthcare sectors to present lucrative prospects with growing adoption”

In the recent past, the adoption of RFID solutions such as RFID tags by leading companies such as Airbus, Boeing, and the U.S. Department of Defense, has increased substantially. This step was taken for enhancing the supply chain visibility, tracking, improve maintenance tracking, asset management and utilization, work-in-process (WIP) and efficient logistics and manufacturing operations. As a result of these facets, the demand for RFID tags has increased considerably in the aerospace sector and is therefore expected to have a positive impact on the growth of the global RFID tags market as well.

“Application of RFID tags in retail sector to take a surge”
The number of RFID tag applications are increasing within retail stores which in turn is driving the growth of the RFID tags market. Currently, many retail sectors such as clothing, are employing RFID tags for maximizing inventory availability and enhance the customer experience along with it. In countries such as the UAE, owing to favorable changing economic conditions, retail firms from other regions are opening offices in the country for addressing the demand of customers from across several regions. These international retail businesses do not have budget constraints, and can easily adopt RFID tag technology for tracking products and shipments.
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“RFID Tags Market: Overview”

The report offers a summary of the global market including an official abstract that draws out the core instances progressing in the market. It also discusses on a couple of facets such as drivers, obstacles, and predictions that have been found in the global market.

“RFID Tags Market: Segmentation”

The market has been segmented into:

Working Type
- Active RFID Tags
- Passive RFID Tags

Frequency Band
- Low Frequency
- High Frequency
- Ultra High Frequency
- Microwave Frequency

Application
- Logistic & Transportation
- Retail & Consumer Goods
- Automotive
- Government
- Healthcare & Medical
- Agriculture, Farming & Livestock
- Aerospace & Defense
- Others

Region
- North America
- Lain America
- Europe
- Asia Pacific
- Middle East & Africa

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