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UHF RFID (RAIN) Market Worth US$ 9,090.20 Mn, Globally, by 2027 at 13.8% CAGR - Exclusive Report by The Insight Partners
UHF RFID (RAIN) Market
Growing complexities in supply chains-due to outsourcing, internationalization, and e-retailing-are leading to mitigation of control over various activities, which has led to vulnerabilities in these supply chains. Counterfeiting is a widespread issue that impacts various businesses. At present, the issue is limited to luxury products and goods such as beauty products and apparel. For instance, in March 2020, in Malaysia, ~600 cases of online sales of counterfeit surgical masks were reported. Further, Louis Vuitton, the French handbag designer company, has been a favorite target of counterfeiters.
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Competitive Landscape: UHF RFID (RAIN) Market: CAEN RFID S.R.L; Convergence Systems Limited; Impinj, Inc.; Invengo Technology PTE. LTD.; Jadak; Lowry Solutions Inc.; Murata Manufacturing Co., Ltd.; NXP Semiconductors; SAG; and Walki Group OY
After discovering the sale of counterfeit products by retailers in Beijing, New York, and Australia, the company informed various landlords about the infringing activities of their respective leasehold tenants and asked them to take steps to avoid sales of infringing products on their properties. Moreover, sports giants such as Reebok and Adidas are taking on the ever-growing number of counterfeits. They filed the trademark suit in federal court against ~50 online sellers for selling, promoting, and counterfeit products. Thus, Reebok and Adidas are seeking US$ 2 million from each of the defendants for every counterfeit trademark used.
The shutdown of various factories in China is affecting the global supply chains as well as disturbing manufacturing activities, delivery schedules, and product and service sales. Although the factories in the country are reopening gradually, several logistics businesses have discontinued their operations; thus, a few of the cargo terminals have been shut down as an effect of the pandemic. The pandemic laso has adversely affected the automotive sector is China.
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The country is the world's largest car market, and Wuhan is home to automobile plants of Honda, General Motors, Nissan, and Renault, among others. As per the World Economic Forum (WEF), Honda Company has ~50% of its total production capacity in China in Wuhan. In 2019, Hubei Province was the fourth-largest car manufacturer in China, with ~10% of the country's car-making capacity, and 2.24 million vehicles were manufactured at plants located in this province. However, several automotive companies had to discontinue their operations amid the nationwide lockdown, which resulted in a decline in the sales of cars and their spare parts.
The global UHF RFID (RAIN) market has been segmented as follows:
UHF RFID (RAIN) Market - by Component
• Hardware
• Software
• Services
UHF RFID (RAIN) Market - by Application
• Retail and Consumer Goods
• Logistics and Transportation
• Healthcare
• Manufacturing
• Other Applications
In Market Segmentation by Geographical Regions, the report has analyzed the following regions-
• North America (USA, Canada and Mexico)
• Europe(Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.
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