RFID Tags Market Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2030
Increasing Adoption of RFID tags
There is an opportunity to boost RFID tag market by increasing RFID tag usage and adoption in manufacturing and consumer goods. RFID tags and sensor solutions are combined in the manufacturing facility, such as cameras, tanks, pipes, boilers, and so on, to demonstrate the quality and output of the manufacturing process. RFID technology used in plant asset management benefits manufacturers.
The increasing use of security measures and package protection is projected to fuel the expansion of RFID tag market trends. The adoption of various RFID solutions boosts the RFID market's growth. It also identifies if more people gathered at a point.
Get Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/2008
Increasing Use of RFID Tags Amid COVID-19 Crisis
The COVID-19 pandemic has had a negative impact on the business sector. RFID manufacturing firms and suppliers can be found in a variety of countries around the Asia Pacific, America, and many more. RFID solutions are used in a wide range of industries for a variety of applications. The COVID-19 has an impact on RFID companies as well as business suppliers, partners, and distributors.
Due to lockdown measures and supply chain disruptions, global demand for expensive retail products is falling, which is likely to impede RFID market growth. The government has enforced RFID tagging on vehicles for tolling in emerging regions, however, due to COVID, the delay in travel has limited the deployment of RFID tags. Manufacturing facilities are reopening as lockdown measures are lifted in various countries. Increased regulations, government initiatives for industries, and the use of RFID systems in production units are factors that boost the RFID market's productivity. Moreover, to avoid COVID-19, contract-tracing solutions are provided in the various companies which are produced by RFID solutions.
List of the Key Companies Profiled in the RFID Tags Market Research Report are:
Alien Technology (U.S)
Confidex Ltd (Finland)
HID Global Corporation (U.S)
Honeywell International Inc. (U.S)
Omni-ID Ltd (U.S)
Impinj Inc. (U.S)
Invengo Information Technology Co. Ltd (China)
Smartrac N.V. (Netherlands)
RF Code Inc. (U.S)
GAO RFID Inc. (Canada)
CoreRFID Ltd (U.K) and
Browse In-depth Market Research Report (129 pages) on RFID Tags
In March 2020, Avery Dennison began the acquisition of Smartrac's Transponder business for USD 276 million, subject to customary adjustments.
In April 2020, RF Code and Chatsworth Products announced a collaboration to deliver integrated wire-free monitoring and management for eConnect power distribution units.
In June 2020, NXP semiconductors introduced the MIFARE DESFire EV3 IC, which includes increased security, next-generation performance, and seamless integration of mobile services to enable security and connectivity in smart city services. It is backward-compatible, has a high operating distance, and a faster transaction speed.
In September 2020, Avery Dennison developed the AD-332u8 RAIN RFID inlay, which excels in high density, RFID proximity circumstances and can also be utilized for inventory accuracy and supply chain management. This is the smallest product on the market that satisfies ARC category H specifications.
Installation and integration of RFID systems are necessary for various RFID tag functionalities, yet this system is expensive. This system incorporates extra features such as constant accuracy checking of systems, training fees, and IoT connectivity, which drive up the cost of RFID solutions. This costly component is projected to be a market growth limitation.
The growing usage of RFID technology in retail, logistics, and supply chain applications drives the RFID tag industry forward. New product launches and alliances may provide RFID tag market participants with lucrative growth chances.
Speak to Analyst @ https://www.marketresearchfuture.com/ask_for_schedule_call/2008
By Type, Passive Tags to Lead the Global Market
In 2016, passive tags held the biggest market share. Since passive tags lack an internal power source, they rely on the power generated by the reader. As a result, these tags are less expensive, smaller, and more durable than others. It handles tool tracking, access control, supply chain management, and other tasks.
By Application, Healthcare Segment to Lead the Global Market
RFID tags are utilized in the healthcare industry for patient tracking, surgery asset management, medication authentication and control. It is also utilized for reducing operational costs and a rise in the incidence of medical device theft cases in the healthcare sector.
North America to Lead the Global Market
North America leads the worldwide RFID tags market due to increased government initiatives for RFID tag adoption, as well as substantial growth in the retail industry, which is a factor driving market expansion. Furthermore, significant RFID tag manufacturers such as HID global corporation and Alien technology have a presence in this region.
APAC to Grow at the Fastest Rate
The Asia Pacific is expected to grow at the fastest rate due to rising industrial expansion and an increase in urbanized population in developing countries. Because of its rapid urbanization and industrial expansion, China holds the greatest market share in this region.
Request for Customization @ https://www.marketresearchfuture.com/ask_for_customize/2008
Segmentation of Market covered in the research:
Information by Types (Passive, Active and Semi-passive), by End-User (Healthcare, Retail, Automotive, Logistics and Transportation, and Others) and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Browse Related Reports:
Bulk Packaging Market - https://www.marketresearchfuture.com/reports/bulk-packaging-market-3683
Canned Food Packaging Market - https://www.marketresearchfuture.com/reports/canned-food-packaging-market-5106
Caps and Closures Market - https://www.marketresearchfuture.com/reports/caps-closures-market-1265
Cargo Handling Equipment Market - https://www.marketresearchfuture.com/reports/cargo-handling-equipment-market-10190
Cargo Transportation Market - https://www.marketresearchfuture.com/reports/cargo-transportation-market-10192
Child Resistance Packaging Market - https://www.marketresearchfuture.com/reports/child-resistance-packaging-market-3867
Cold Storage Market - https://www.marketresearchfuture.com/reports/cold-storage-market-9995
Composite Packaging Market - https://www.marketresearchfuture.com/reports/composite-packaging-market-2986
Market Research Future®
99 Hudson Street,5Th Floor
New York, New York 10013
United States of America
+1 628 258 0071(US)
+44 2035 002 764(UK)
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release RFID Tags Market Demand, Supply, Growth Factors, Latest Rising Trend & Forecast to 2030 here
News-ID: 2516426 • Views: 665
More Releases from Market Research Future
CAS9 technology Market Projected to Hit USD 6.72 Billion at a 11.30% CAGR by 203 …
Market overview: The overall CAS9 technology industry is expected to grow over the future years because of its significant economic nature and expanding use opportunities. During 2018- 2030, the industry is anticipated to develop at a compound yearly rate of economic development of 11.30 %. Genetic engineering has advanced with the advent of genomics and genetic manipulation using designed nucleases. As a method for genomics, the CAS9 technique is swiftly gaining
Cloud Billing Market Projected to Hit USD 13.23 Billion at a 16.40% CAGR by 2030 …
Market Overview: The value of the Cloud Billing Market is anticipated to be USD 13.23 billion by the year 2030, growing at a CAGR of 16.40% during the period of forecasting from 2020 to 2030. Cloud billing creates invoices using valuable informational data following previously established billing standards. A cloud-based billing feature serves as a conduit for generating consumption invoices. There will be growth in the cloud billing market in the next
Thermal Paper Market Size 2021: Industry Analysis, Share, Segmentation, Price Tr …
Overview The thermal paper market is anticipated to grow rapidly at a CAGR of 4.87% during the forecast period. The global thermal paper market is driven by increased demand for thermal paper for POS application. These factors have helped shape the thermal paper market and are expected to boost the growth. Companies in the thermal paper market could also face challenges such as increasing demand for paperless billing and volatility in
Dry Bulk Shipping Market 2022 , Share, Size, Growth, Top Manufacturers, Segmenta …
Market Overview Market research indicates that the global market of Dry Bulk Shipping Market Revenue is going to reach up to USD 5,400 Million (approx) within the forecast period 2022-2030 with a CAGR of 4%. Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/8308 Dry Bulk Shipping is the transportation of bulk commodities such as grains, iron ore, coal, lumber, sand, gravel, steel products like rods, plates, coils, and others using vessels. According to
More Releases for RFID
RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies. The report investigates and analyzes the
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years. Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953 This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application. DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm DIT
windshield rfid tag for rfid solutions(gyrfidstore)
The strength of RFID label or RFID Stickers compared with other tags is the thinner thickness, various size, flexible and cost efficient. It can be sealed inside of goods or stick on the device surface with adhesive layer. The label is also optional with anti-metal layer to mount and working on metal surface. GYRFID Provides different types Stickers to meet the requirement for different applications such as NFC Payments,