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Active RFID Market Analysis by Applications [2021-2030]: Supply Chain Management, Asset Tracking, Healthcare, Security and Access Control, Sports and Entertainment, Livestock Management
Active RFID Market
Active RFID tags are used extensively in the logistics industry for live tracking of its couriers and parcels, which helps the consumers in tracking their orders exactly and making themselves available at the time of delivery.
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The major companies profiled in the Active RFID Market trends include Alien Technology, Confidex Ltd., HID Global Corporation, Honeywell International Inc., Omni-ID Ltd, Impinj Inc., Invengo Information Technology Co. Ltd, Smartrac N.V., RF Code Inc., GAO RFID Inc. and Core RFID Ltd. The players have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.
The Active RFID Market share is segmented based on product type, wafer size, tag type, frequency, form factor, material and application.
Based on product type, the market is bifurcated into tags, readers, software, and services.
By wafer size, it is categorized into 8 inch and others. Based on tag type, it is classified into active tags and passive tags.
Based on frequency, it is divided into low frequency, high frequency, and ultra-high frequency.
By form factor, it is categorized into card, implant, key knob, label, paper ticket, band, and others.
Based on material, it is divided into plastic, paper, glass, and others.
Based on tag type, it is classified into agriculture, commercial, transportation, logistics, supply chain, military, aerospace, retail, healthcare, security, access control, sports, animal tracking, and ticketing.
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Based on region, the market is analyzed across
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, UK, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
• LAMEA (UAE, Argentina, Rest of LAMEA)
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The use of active RFID helps the management to check various parameters such as, monitoring the equipment performance, finding defects if any, and predicting periodic maintenance. All this factor is expected to provide lucrative active RFID market opportunity. Many manufactures believe that active RFID not only helps in improving the quality of work but also increases the overall efficiency of the entire system and assist the growth of active RFID market share globally.
The active RFID systems help in tracking the entire process involved in an operation and helps the management to know about the lifecycle of the operation giving them the benefit of understanding and taking vital decisions for their organization and improving their business.
The compulsory implementation of active RFID tags in the vehicles for the purpose of tolling has been mandated by the governments which have actively contributed to the active RFID market growth.
One of the major drawbacks that influence the active RFID market growth is its cost. The implementation of these active RFID systems needs skilled employees, software installation, RFID tags, IoT integrations and many other expenses which make the overall implementation of the active RFID systems costly and will impact the active RFID market analysis.
The Active RFID Market Trends
Emerging Demand in the Logistics Industry
In the logistics industry, the real-time tracking of the shipment is one of the most important parameters. Live tracking of the shipment is performed by the logistics companies, which later help them in optimizing the transit and also improve the service. All these activities are executed with the help of active RFID tags which help in live monitoring of the shipment. On the other hand, it also helps the receiver of the shipment to track and be available at the time of delivery.
Report Summary: https://www.alliedmarketresearch.com/active-rfid-market-A11999
Rise in Usage of Active RFID in the Automotive Industry
Recently, the governments of developing countries have made it compulsory for the use of active RFID tags on vehicles for the purpose of tolling. This initiative by the governments has given relief to the travelers to be saved from the long queues in the highways for tolling. Hence, this initiative has led to the growth in demand for the active RFID.
Key Benefits of the Report
This study presents the analytical depiction of the active RFID market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the active RFID market share.
The current market is quantitatively analyzed to highlight the active RFID market growth scenario.
Porter's five forces analysis illustrates the potency of buyers and suppliers in the market.
The report provides a detailed active RFID market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Active RFID Market Research Report
Which are the leading players active in the active RFID market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
Active RFID Market Report Highlights
By Product Type
• Tags
• Readers
• Software and Services
By Application
• Agriculture
• Commercial
• Transportation
• Logistics and Supply Chain
• Military & Aerospace
• Retail
• Healthcare
• Security and Access Control
• Sports
• Animal Tracking
• Ticketing
By Region
• North America (U.S., Canada, Mexico)
• Europe (France, Germany, Italy, UK, Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
• LAMEA (UAE, Argentina, Rest of LAMEA)
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