Global RFID Market: Emerging Trends, Major Key Players Avery Dennison and Alien Technology

According to the report, The global RFID market size was valued at $ 13,584.3 million in 2019 and is anticipated to grow at a CAGR of 13.6% from 2020 to 2027. Through the integration of specialized tools and the implementation of quality management methods, manufacturing facilities must monitor equipment condition and performance, process flows, and system failures, and ensure predictive maintenance of equipment and systems. The use of RFID technology for plant asset management can help manufacturers attain this goal. To oversee and maintain the quality and output of a manufacturing process, a combination of RFID tags and sensor technologies is a viable solution for many places in a manufacturing facility, such as conveyors, cameras, and boilers. RFID systems are important not just for tracking items, but also for gaining a better understanding of the lifecycle of manufacturing equipment. The global adoption of these solutions is projected to increase as the RFID sector grows.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global RFID industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the RFID market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major RFID players holding highest market share include Avery Dennison, Alien Technology, Applied Wireless and CAEN. These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Avery Dennison
• Alien Technology
• Applied Wireless
• CAEN
• Checkpoint Systems Inc.
• Impinj Inc.
• Invengo Technology Pte. Ltd.
• Honeywell International Inc.
• Motorola Solutions
• Savi Technology

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of RFID Market:
o Tags
o Reader
o Software

Market Segment By Type with focus on market share, consumption trend, and growth rate of RFID Market:
o Passive
o Active

Market Segment By Frequency with a focus on market share, consumption trend, and growth rate of RFID Market:
o Low
o High
o Ultra-High

Market Segment By Application with a focus on market share, consumption trend, and growth rate of RFID Market:
o Retail
o BFSI
o Commercial
o Transportation
o Healthcare
o Industrial
o Government
o Logistics
o Others

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Global RFID Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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