Press release
RFID Market is Estimated to Reach USD 2.96 Billion by 2030: Cognitive Market Research
RFID Market is Estimated to Reach USD 2.96 Billion by 2030: Cognitive Market Research
What is RFID?
Radiofrequency identification is a significant part of daily life, which is the use of technology increasing continuously. This is designed to things, trace, recognize, and animals used in radio waves devices. RFID is joined antenna and circuit to transmit data to the RFID reader which is received a signal from an RFID reader and responds with the signal holding information. In addition, this is a variety of sizes and shapes and it is either active or passive.
Summary:
• As per the study of CMR, The Global RFID Market size was valued at USD 1.81 Billion in 2022 and is expected to grow at a CAGR Of 7.17 % during the forecast period, reaching USD 2.96 Billion by 2030.
• Based on product type, the tags segment has the largest revenue share in the RFID market.
• Asia-Pacific has the largest revenue share in the RFID market.
To know more about The RFID Market statistics click here: https://www.cognitivemarketresearch.com/rfid-market-report
Market Dynamics:
RFID Market Drivers:
Increasing demand for RFID solutions in the healthcare, retail, and banking sectors is the key factor expected to drive the growth of the RFID market. In addition, increasing government initiatives to improve RFID-based solutions across several industries and disposable income in developing countries such as South Korea, Dubai, India, and Brazil. This is expected to boost the growth of the RFID market.
RFID Market Opportunities:
Increasing smart manufacturing, the internet of things, and the adoption of RFID for industry 4.0 are projected to create growth opportunities for the RFID market in the forecast period.
RFID Market Restraints:
The high rise related to privacy and data security is the key factor anticipated to hamper the growth of the RFID market.
Market Segmentation:
Product Type:
• Software and Services
• Tags
• Readers
Based on product type, the tags segment has the largest revenue share in the RFID market. This is due to the rising adoption of the internet of things devices likely to drive the growth of the tags RFID market.
Frequency:
• Ultra-High Frequency
• Low Frequency
• High Frequency
Based on frequency, the ultra-high frequency segment has the major revenue share in the RFID market. This is attributed to the increasing demand for multiple tracking applications to read objects and trace and UHF tags adopted in several applications such as manufacturing equipment, asset tracking, product tagging, and inventory management. This is expected to drive the growth of this segment.
End Use:
• Security and Access Control
• Commercial
• Agriculture
• Logistics and Supply Chain
• Animal Tracking
• Transportation
• Healthcare
• Retail
• Others
Based on end use, the retail segment has the largest market share in the RFID market. This is owing to the rising demand for RFID in the retail sector expected to drive the growth of this segment in the target market.
Competitive Analysis of RFID Market: Datalogic, Honeywell International, Zebra Technologies, Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, FEIG ELECTRONIC, Fujitsu, GAO RFID, Impinj, ORBCOMM, Quantum Resources, Mojix, Mobile Aspects
Get free sample pages of the latest published RFID Market Report: https://www.cognitivemarketresearch.com/rfid-market-report
Regional Analysis:
Asia-Pacific accounted for the largest share of the RFID market
Asia-Pacific has the largest revenue share in the RFID market. This is due to increasing AIDC technology adoption, awareness, and government investments in infrastructure security in manufacturing, retail industries, BFSI, and demand for RFID solutions in the region. This is anticipated to drive the growth of the RFID market in the region.
RFID Market Industry News:
Avery Dennison has launched dual-frequency RFID inlay
In June 2022, Avery Dennison Corporation has launched a new dual-frequency (DF) range of RFID inlays, which provides RAIN RFID (UHF) and combined NFC (HF) functionality for cost-effective item-level tagging in a slimmed-down form factor.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global RFID Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 RFID Market Segmentation
1.5.1 RFID Market Regional Fragmentation
1.5.1 RFID Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of RFID Market
• 3.1 Global RFID Market Size 2018 - 2030, (USD Million)
• 3.2 Global RFID Value, Absolute & Opportunity Analysis
• 3.3 Global RFID Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global RFID Market Statistics 2022: Snapshot
Chapter 4 Global RFID Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global RFID Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global RFID Market by End Use Segmentation Analysis (2018-2030)
Chapter 11 Global RFID Market by Frequency Segmentation Analysis (2018-2030)
Chapter 12 Global RFID Market Regional Analysis
Chapter 13 North America RFID Market Outlook (2018 - 2030)
Chapter 14 Europe RFID Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific RFID Market Outlook (2018 - 2030)
Chapter 16 Latin America RFID Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa RFID Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The RFID Market TOC click here: https://www.cognitivemarketresearch.com/rfid-market-report#table_of_contents
Related Report:
• RFID Writers Market- https://www.cognitivemarketresearch.com/rfid-writers-market-report
• RFID Wristband Market- https://www.cognitivemarketresearch.com/rfid-wristband-market-report
• RFID Tags Market- https://www.cognitivemarketresearch.com/rfid-tags-market-report
• RFID Transponder Market- https://www.cognitivemarketresearch.com/rfid-transponder-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release RFID Market is Estimated to Reach USD 2.96 Billion by 2030: Cognitive Market Research here
News-ID: 2990405 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for RFID
RFID Tags For Asset Tracking Market Exceptional Business Performance | Vizinex R …
As the global economy recovers in 2021 and the supply of the industrial chain improves, the RFID Tags For Asset Tracking market will undergo major changes. The latest research shows that the RFID Tags For Asset Tracking industry market size will be million US dollars in 2021, and will grow to million US dollars in 2028, with an average annual growth rate of %.
The global RFID Tags For Asset Tracking…
RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands…
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes the…
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years.
Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all…
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953
This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits…
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application.
DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm
DIT…
