Press release
Global Radio Frequency Identification Market: key insights, top players, business overview, industry trends and challenges
Global Radio Frequency Identification Market valued approximately USD XX million in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2018-2025. Increasing installation of Radio frequency identification (RFID) in retail and manufacturing units for productivity and security improvement is expected to fuel the market. According to India brand equity foundation (IBEF) India’s retail market is expected to increase by 60% and to reach 1.1 trillion $USD in 2020. Additionally, According to U.S retail industry in 2015 United States retail sector marked 50% larger share than China. Growing retail sector worldwide is anticipated to fuel RFID market.
The report on global radio frequency identification market includes products, tags, tag type, frequency and application. Products segment is further divided into tags, readers and software, tags segment includes 200mm, 300mm and Others. Tag Type is divided into Passive RFID and Active RFID. Frequency segment is segmented into low frequency, high frequency, ultra-high frequency and active ultra-high frequency and application segment includes agriculture, commercial, transportation, healthcare, logistic and supply chain, aerospace, defense, retail, security and access control and sports. Form factor is further classified into button, card, implants, key fob, label, paper tickets, wristband and others by material includes plastic, paper, metal, glass and others.
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The regional analysis of market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Factors such as increasing adoption of (RFID) in retail and healthcare sector, rising government initiatives and support for the adoption of radio frequency identification services are promoting North America radio frequency identification market growth.
North America is the leading market region for global Radio frequency identification market in terms of market revenue share.
The leading market players mainly include-
• Alien Technology
• Applied Wireless RFID
• Avery Dennison
• Caen RFID
• Checkpoint Systems
• GAO RFID
• Globeranger
• Impinj
• Invengo
• Mojix
• Motorola
• Nedap
• NXP Semiconductors
• Smartrac Technology
• Thingmagic
• Zebra
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The report on global radio frequency identification market includes products, tags, tag type, frequency and application. Products segment is further divided into tags, readers and software, tags segment includes 200mm, 300mm and Others. Tag Type is divided into Passive RFID and Active RFID. Frequency segment is segmented into low frequency, high frequency, ultra-high frequency and active ultra-high frequency and application segment includes agriculture, commercial, transportation, healthcare, logistic and supply chain, aerospace, defense, retail, security and access control and sports. Form factor is further classified into button, card, implants, key fob, label, paper tickets, wristband and others by material includes plastic, paper, metal, glass and others.
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