Press release
RFID Sensor Market to Reach $26.67 Billion, Globally, By Top Key Players: Murata Manufacturing Co., Ltd, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff Inc., AB&R (American Barcode and RFID), VisuaScan Inc., Imprint Enterprises, Coridian Technolog
RFID Sensor Market
By product, the tags segment dominated the global RFID sensor market in 2017, in terms of revenue. Furthermore, based on type, the passive segment led the global market, followed by active RFID sensors in 2017. Advancements in technology used in RFID sensors to read long distance objects using ultrahigh frequencies make them more powerful and efficient.
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RFID sensor is an automatic identification technology, which uses radio frequency electromagnetic field to identify the objects carrying tags. At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.
Helping the supply chain management system by tracking & monitoring their inventories and providing robust security drive the market growth. Moreover, long distance tag readability fuel the growth of the global RFID sensors market. Integrated circuits in RFID assembly contain a tiny antenna for transferring information, which further contribute towards the market growth. However, high RFID cost and inability to read signals from multiple outputs hamper the market growth.
The key players profiled in the report are Murata Manufacturing Co., Ltd, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff Inc., AB&R (American Barcode and RFID), VisuaScan Inc., Imprint Enterprises, Coridian Technologies, Inc., AbeTech Corporate, and Invengo Technology Pte. Ltd.
Rise in need for tracking inventory & equipment in businesses; robust security in wide applications such as in inventory management, tracking the production process, and others; and long distance object reading feature of RFID tags are the key factors that impact the growth of the market. In addition, development in the automotive sector, surge in demand for RFID sensors, high RFID cost, tags collision affect the growth of the global RFID sensor market. These factors are anticipated to either drive or hamper the market growth.
Optically based system such as barcode fails to provide unique solutions to logistical tracking of inventory or equipment along with read/write capabilities. RFID helps to manage updating of stocks, and to make operation convenient for supply chain management in retail business during transportation & logistics of products.
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The information imprinted on a barcode is fixed and cannot be changed. In contrast, RFID tags have electronic memory similar to the computer to store information about the item. This information is used for various applications such as retail, transport, business security, and also in large-scale commercials. Moreover, RFID tags installed in the jewelry stores help to determine unauthorized attempt made to move the jewelry items away from the premises by activating alarm. This mechanism provides robust security as compared to barcode scanners.
LIST OF TABLES
TABLE 01. GLOBAL RFID SENSOR MARKET, BY PRODUCT TYPE , 2017-2024 ($BILLION)
TABLE 02. RFID SENSOR MARKET REVENUE FOR TAGS PRODUCT TYPE , BY REGION 2016-2023 ($BILLION)
TABLE 03. RFID SENSOR MARKET REVENUE FOR READER PRODUCT TYPE , BY REGION 2016-2023 ($BILLION)
TABLE 04. RFID SENSOR MARKET REVENUE FOR SOFTWARE PRODUCT TYPE , BY REGION 2016-2023 ($BILLION)
TABLE 05. GLOBAL RFID SENSOR MARKET, BY FREQUENCY BAND, 2017-2024 ($BILLION)
TABLE 06. RFID SENSOR MARKET REVENUE FOR LOW FREQUENCY, BY REGION 2016-2023 ($BILLION)
TABLE 07. RFID SENSOR MARKET REVENUE FOR HIGH FREQUENCY, BY REGION 2016-2023 ($BILLION)
TABLE 08. RFID SENSOR MARKET REVENUE FOR ULTRA-HIGH FREQUENCY, BY REGION 2016-2023 ($BILLION)
TABLE 09. GLOBAL RFID SENSOR MARKET, BY TYPE, 2017-2024 ($BILLION)
TABLE 10. RFID SENSOR MARKET REVENUE FOR ACTIVE, BY REGION 2016-2023 ($BILLION)
TABLE 11. RFID SENSOR MARKET REVENUE FOR PASSIVE, BY REGION 2016-2023 ($BILLION)
TABLE 12. GLOBAL RFID SENSOR MARKET, BY APPLICATION, 2017-2024 ($BILLION)
TABLE 13. RFID SENSOR MARKET REVENUE FOR ACCESS CONTROL, BY REGION 2016-2023 ($BILLION)
TABLE 14. RFID SENSOR MARKET REVENUE FOR LIVESTOCK TRACKING BY REGION 2016-2023 ($BILLION)
TABLE 15. RFID SENSOR MARKET REVENUE FOR TICKETING, BY REGION 2016-2023 ($BILLION)
TABLE 16. RFID SENSOR MARKET REVENUE FOR CASHLESS PAYMENT, BY REGION 2016-2023 ($BILLION)
TABLE 17. RFID SENSOR MARKET REVENUE FOR INVENTORY MANAGEMENT, BY REGION 2016-2023 ($BILLION)
TABLE 18. GLOBAL RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2017-2024 ($BILLION)
TABLE 19. RFID SENSOR MARKET REVENUE FOR TRANSPORTATION & LOGISTICS, BY REGION 2016-2023 ($BILLION)
TABLE 20. RFID SENSOR MARKET REVENUE FOR HEALTHCARE BY REGION 2016-2023 ($BILLION)
TABLE 21. RFID SENSOR MARKET REVENUE FOR HOSPITALITY, BY REGION 2016-2023 ($BILLION)
TABLE 22. RFID SENSOR MARKET REVENUE FOR FOOD & BEVERAGES, BY REGION 2016-2023 ($BILLION)
TABLE 23. RFID SENSOR MARKET REVENUE FOR RETAIL, BY REGION 2016-2023 ($BILLION)
TABLE 24. RFID SENSOR MARKET REVENUE FOR MANUFACTURING, BY REGION 2016-2023 ($BILLION)
TABLE 25. RFID SENSOR MARKET REVENUE FOR GOVERNMENT, BY REGION 2016-2023 ($BILLION)
TABLE 26. NORTH AMERICA RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 27. NORTH AMERICA RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 28. NORTH AMERICA RFID SENSOR MARKET, BY TYPE, 2016-2023 ($BILLION)
TABLE 29. NORTH AMERICA RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 30. NORTH AMERICA RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 31. U.S. RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 32. U.S. RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 33. U.S. RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 34. U.S RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 35. U.S RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 36. CANADA RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 37. CANADA RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 38. CANADA RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 39. CANADA RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 40. CANADA RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 41. MEXICO RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 42. MEXICO RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 43. MEXICO RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 44. MEXICO RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 45. MEXICO RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 46. EUROPE RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 47. EUROPE RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 48. EUROPE RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 49. EUROPE RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 50. EUROPE RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 51. UK RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 52. UK RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 53. UK RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 54. UK RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 55. UK RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 56. GERMANY RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 57. GERMANY RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 58. GERMANY RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 59. GERMANY RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 60. GERMANY RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 61. FRANCE RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 62. FRANCE RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 63. FRANCE RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 64. FRANCE RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 65. FRANCE RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 66. RUSSIA RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 67. RUSSIA RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 68. RUSSIA RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 69. RUSSIA RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 70. RUSSIA RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 71. REST OF EUROPE RFID SENSOR MARKET, BY PRODUCT TYPE 2016-2023 ($BILLION)
TABLE 72. REST OF EUROPE RFID SENSOR MARKET, BY FREQUENCY BAND 2016-2023 ($BILLION)
TABLE 73. REST OF EUROPE RFID SENSOR MARKET, BY TYPE 2016-2023 ($BILLION)
TABLE 74. REST OF EUROPE RFID SENSOR MARKET, BY APPLICATION, 2016-2023 ($BILLION)
TABLE 75. REST OF EUROPE RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2016-2023 ($BILLION)
TABLE 76. ASIA-PACIFIC RFID SENSOR MARKET, BY PRODUCT TYPE 2017-2024($BILLION)
TABLE 77. ASIA-PACIFIC RFID SENSOR MARKET, BY FREQUENCY BAND 2017-2024($BILLION)
TABLE 78. ASIA-PACIFIC RFID SENSOR MARKET, BY TYPE 2017-2024($BILLION)
TABLE 79. ASIA-PACIFIC RFID SENSOR MARKET, BY APPLICATION, 2017-2024($BILLION)
TABLE 80. ASIA PACIFIC RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2017-2024($BILLION)
TABLE 81. CHINA RFID SENSOR MARKET, BY PRODUCT TYPE 2017-2024($BILLION)
TABLE 82. CHINA RFID SENSOR MARKET, BY FREQUENCY BAND 2017-2024($BILLION)
TABLE 83. CHINA RFID SENSOR MARKET, BY TYPE 2017-2024($BILLION)
TABLE 84. CHINA RFID SENSOR MARKET, BY APPLICATION, 2017-2024($BILLION)
TABLE 85. CHINA RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2017-2024($BILLION)
TABLE 86. INDIA RFID SENSOR MARKET, BY PRODUCT TYPE 2017-2024($BILLION)
TABLE 87. INDIA RFID SENSOR MARKET, BY FREQUENCY BAND 2017-2024($BILLION)
TABLE 88. INDIA RFID SENSOR MARKET, BY TYPE 2017-2024($BILLION)
TABLE 89. INDIA RFID SENSOR MARKET, BY APPLICATION, 2017-2024($BILLION)
TABLE 90. INDIA RFID SENSOR MARKET, BY INDUSTRY VERTICAL, 2017-2024($BILLION)
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