Press release
RFID Tags Market 2022: Covering Historic Growth of Market and Forecasting the Future 2031
As per the report, the global RFID Tags market is expected to witness a strong CAGR of 9.9% over the course of the forecast period. The market is projected to be valued around US$ 8,346 Mn rising from a valuation of over US$ 3,911 Mn.
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Persistence Market Research (PMR) has published a new research report titled "RFID Tags Market: Global Industry Analysis (2012-2016) and Forecast (2017-2027)." The report states that the growing adoption of RFID Tags in the aerospace sector and other vertical industries. The integration of sensor and cloud based abilities in RFID Tags is expected to present further lucrative growth opportunities to the market players.
For instance, in 2016, Zebra Technologies Corporation launched RFD8500 which is a multi-operation system. This new product was designed for adding high performance RFID and 1D/2D barcode scanning to iOS and android compatible mobile devices. Along this line, other key players also started launching innovative and technologically advanced products. Some of the companies in the market are Omni-ID, GAO RFID Inc., Impinj, Inc., Alien Technology, Confidex Ltd., Honeywell International, Inc., Invengo Information Technology Co., Ltd., NXP Semiconductors N.V., and HID Global Corporation.
Key Players:
The report has profiled some of the Important players prevalent in the global like - Zebra Technologies Corp., Omni-Id, Inc., GAO RFID Inc., Impinj, inc., Alien Technology, Confidex Ltd, Honeywell International, Invengo Information Technology, NXP Semiconductors, HID Global Corporation, SMARTRAC N.V.and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the RFID Tags.
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Integration in IoT and Big Data Platforms to Augur Well for the Market
Companies across the globe are focusing on integrating RFID with IoT for identifying an object and its real-time location for the convenience of its customers. This is expected to lead to the swelling demand for RFID tracking solutions for loT and big data platforms by companies offering such technologies across the globe, mostly in developed regions. Developing regions such as India and China are likely to come back in the game with heavy investments from government and non-government organizations. Another factor which is expected to drive the growth of the RIFD tags market here is the increasing number of IoT and big data companies across the globe.
Moreover, the burgeoning need for an efficient supply chain management is anticipated to supplement the growth of the global RFID Tags market over the course of the forecast period. RFID Tags store relative detailed information up to 2 kb related to the product on which they have been tagged. With these RFID Tags, the details and the prices of the products are automatically recorded when a customer reaches for the counter.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
RFID Tags Market Manufacturers
RFID Tags Market Distributors/Traders/Wholesalers
RFID Tags Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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