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RFID Market is Gaining Momentum by key players 3M Company, Avery Dennison, Checkpoint Systems, Confidex

08-24-2022 10:03 AM CET | Energy & Environment

Press release from: The Insight Partners

/ PR Agency: The Insight Partners
The Insight Partners

The Insight Partners

RFID market report by "The Insight Partners" sheds light on the key drivers and opportunities attributing to market expansion over the analysis period. It also gives in-depth information pertaining to the challenges and threats poised to hinder revenue generation in the forthcoming years. Additionally, the report also provides crucial information regarding leading companies in this business sphere and the trends that are likely to prevail in the near future.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100000199/?utm_source=OpenPR&utm_medium=10593

Leading RFID market Players: Alien Technology Corporation, Zebra Technologies Corporation, Toppan Forms Co. Ltd, Dai Nippon Printing Company Limited, 3M Company, Avery Dennison Corporation, Checkpoint Systems, Inc., Confidex Ltd., Intermec Inc. and BASF SE

The technology for transferring data from an electronic tag using radio waves is known as RFID. The term RFID stands for Radio Frequency Identification. It is basically an electronic label or tag attached with the products, this electronic tag is capable of being read through a reader for the purpose of tracking or identifying the product. Since past few years this industry has improved its standards by removing majority of the technological glitches which has led to make this industry capable of catering the interoperable requirements. Also this industry has reinforced the promotional and educational efforts by introduction of EPC Gen2 (Electronic Product Code Version 2) and UHF RFID (Ultra High Frequency RFID) types. The RFID technology is steadily transforming into a reliable and authentic choice for documentation. Though it took long for the RFID market to reach where it is today, with the improvising technologies this market is expected to witness a sharp growth in next few years.
The supply chain and item level tagging application are the major growth driver of the RFID industry that are slowly gaining the popularity worldwide. Its ability to track and provide real-time data about the product has made it an important aspect for any business. As earlier mentioned the RFID had a slow growth in the past, some of the reasons for its gradual growth were, unnecessary intensive publicity and generalized emphasis on different RFID technology gears such as antennas, readers and tags, which contradicts to universal solution architectures, thus, hindering its wide-scale deployments. Also the ferocity of industry discussions about its standards and frequencies have contradicted the representation of its relevant uses and solution infrastructure. This market is expected to envision growth in retail, healthcare and even airline industries. Along with the growth in these industries the new door of opportunities for RFID market are expected to open in coming future.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000199?utm_source=OpenPR&utm_medium=10593

The RFID market is segmented in the basis of product, type, communication frequency, application and region. The RFID market segment product is further bifurcated into - RFID reader, RFID middleware & services and RFID tag. RFID tag and RFID reader beholds the largest share in the global RFID market. Another segment of this market is the type segment that is furthermore bifurcated into Battery-Assisted Passive (BAP), active & passive RFID. Passive RFID accounts for the largest share and BAP is projected to imitate highest growth rate during the forecast period. The market comprises of another segment namely, communication frequencies and is segmented into - low & high frequency band (LF & HF respectively) and ultra-high frequency band (UHF). UHF RFIDs are more popular among various applications, thus they are predicted to imitate the rapid growth in next few years. RFID has numerous applications in government, automation & transportation, manufacturing, medical, BFSI, retail & supply chain, media & entertainment, enterprise access control and defense & military. Automation & transportation vertical captures the largest share in market, whereas, medical & healthcare is predicted to show the highest growth rate in next few years. The region wise segmentation of the market comprises of five regions in all that include South America, North America, Europe, Asia-Pacific and Middle East & Africa. Currently, North America is the dominating the global RFID market. Europe and APAC regions are predicted to exhibit significant acceptance of RFID solutions and products in upcoming years. The RFID market in MEA & SAM are predicted to exhibit moderately slow penetration.

Reasons to Buy
• Save the time and resources required for entry level research by getting an insight into the leading players and segments of global RFID market.
• The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
• The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the RFID market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
• Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPTE100000199/?utm_source=OpenPR&utm_medium=10593

Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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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