Radio-Frequency Identification (RFID) Market 2020 Global Key Players: Axcess International, Impinj, Ascendent ID, Checkpointt System, Avery Dennison, Alien Technology, ACTAtek Technology

Market Research Future published a research report on “Radio-Frequency Identification (RFID) Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Overview

Radio frequency identification technology is used to identify the items loaded with tags with the help of electrostatic or electromagnetic fields. In the packaging industry, RFID has become a necessary part of the act. This is an accurate, fast, and reliable method in-store and inventory management. In the tags, the information related to the product is embedded, which has details about the quantity, price, or badge number. This enhances the identification process and improves productivity. As markets are gaining global identifications, the demands for RFID is going up for decreasing the hazards related to delivery.

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This technology is used mainly in defense, healthcare, retail, aerospace, retails, and others. The healthcare, transportation, and retail industries are the major employers of this market, as they require accurate data collection and processing. Also, the increasing security issues, data requirements, and useful store handling procedures boost the market to new highs. Companies use RFID for employee identification by embedding the information into their ID cards and hence reducing the security risks.

This report covers all the aspects of the industry and global market trends for better future projections. It has a detailed overview of the market segments and major markets with the most and least opportunities concerning the future. During the survey period, the global radio frequency identification market is expected to reach the 16 % annual growth mark on observing the market’s present and historical trends.

Key Players

The prominent players in the Radio-Frequency Identification Market are: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), : Impinj Inc. (US), Ascendent ID (U.S), ), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US), among others.

Radio Frequency Identification Market - Segmentation

Based on product types, the global RFID market into types of tags, readers, software, and others.
The global RFID market is segmented into 200mm, 300mm, 450 mm, and others based on wafer size.

Based on components, the global RFID market is classified as active RFID, passive RFID, and others.

Based on types of frequency, the global RFID market is divided as low frequency, high frequency, ultra-high frequency, and others.

Based on end-users, the global RFID market finds its applications in healthcare, retail, transportation aerospace, Banking, Financial Services, and Insurance (BFSI) and other industries.

Radio Frequency Identification Market - Regional Analysis

The global radio frequency identification (RFID) market has become a new method of identification with accurate results and fast processing. North America, Asia Pacific, Europe, Latin America, and the rest of the world are the primary RFID markets. North American region is leading the market due to demands for effective tracking systems, security measures, and other factors. On the other hand, the Asia Pacific region will file the fastest growth rates during the survey period because of expanding industrial cover and adoption of the latest data management systems.

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Intended Audience

• Software investors
• Security solution vendors
• RFID service providers
• Value-added Resellers
• Distributers
• Investors and Venture Capitalist
• Security Management Service Provider
• Security Equipment Providers
• Security Agencies
• System Integrators
• Research/Consultancy firms

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This release was published on openPR.