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Global RFID Tag Market Study Analysis: The RFID Tag Market Is Projected To Grow At A CAGR Of More Than 14%
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Global RFID Tag Drivers And Restrain:
The expansion of RFID technology due to the rise of demand for its widespread use in reaping competitive advantages. The rising use of RFID technology in various sectors such as retail, healthcare, and transportation renders it a much-needed enhancement and allows for better and efficient solutions. The rising number of research and development activities to improve the accuracy, functionality, and overall performance of RFID tags will help grow the market in the coming years.
The high costs associated with introducing the RFID system are projected to obstruct the growth of the RFID tags market. Lack of awareness is likely to restrain the growth of the RFID tags market in the forecast period.
Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window
Global RFID Tag Market Segments:
The global RFID Tag market is further segmented into wafer size, tag type, frequency, application, form factor, material, and geography.
By Wafer Size: 200mm, 300mm, Others
By Tag Type: Passive RFID, Active RFID
By Frequency: Low Frequency, High Frequency, Ultra-High Frequency, Active Ultra-High Frequency
By Application: Agriculture, Commercial, Transportation, Healthcare, Logistic & Supply Chain, Aerospace, Defense, Retail, Security & Access Control, Sports
By Form Factor: Button, Card, Implants, Key Fob, Label, Paper Tickets, Wristband, Others
By Material: Plastic, Paper, Metal, Glass, Others
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)
North America controls nearly half of the RFID tags market due to the increasing use of high-tech systems in logistics and supply chain management to enhance transparency and traceability across industries. In addition, increasing government initiatives for the adoption of RFID tags as a legal requirement has been predicted to boost growth potential for this industry sector thoroughly.
Key Players of Global RFID Tag Market:
• GlobeRanger
• Impinj, Inc
• Invengo Technology Pte. Ltd
• Motorola Mobility LLC
• Nedap - Technology for live
• NXP Semiconductors
• Vizinex RFID
• HID Global Corporation
• ASSA ABLOY AB
• RFID Global Solution
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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Testing, Inspection and Certification Market
• Value Chain Analysis of Global Testing, Inspection and Certification Market
• What is the CAGR of the global Testing, Inspection, and Certification Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis
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Evolve Business Intelligence is a market research, business intelligence, and advising service that offers creative solutions to a company's problems. Data beneficial to micro, small, medium, and large-scale businesses can be found in our market research studies. We offer a wide range of services, from data collection to business consulting.
Evolve Business Intelligence is built on account of technology advancement and our in-house AI-modelled data analysis and forecast tool - EvolveBI - provides extremely accurate data. This application tracks real-time statistics from Fortune's Global 2000 firms, including quarterly performance, annual performance, and recent changes.
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