RFID Kanban Systems Market Set to Skyrocket: Anticipated Surge to US$ 8.4 Billion by 2032 from US$ 1.6 Billion in 2022

Future Market Insights (FMI) projects an impressive trajectory for the global RFID kanban systems market. With the market size expected to soar to US$ 1.6 Billion in 2022 and a compelling 18.1% compound annual growth rate (CAGR), reaching a staggering US$ 8.4 Billion by 2032, the stage is set for transformative changes.

One of the driving forces behind this remarkable growth is the escalating demand for smart healthcare systems and advanced inventory management solutions. The healthcare sector, in particular, has witnessed a profound transformation in recent years, where the integration of technology has become imperative. RFID Kanban Systems offer a streamlined and highly efficient approach to managing medical supplies, pharmaceuticals, and equipment.

In the healthcare domain, RFID Kanban Systems are proving to be a game-changer. These systems enable real-time tracking of inventory levels, ensuring that medical professionals always have the right supplies at their fingertips. This not only enhances patient care by reducing downtime and ensuring the availability of critical items but also helps healthcare facilities operate more cost-effectively.

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- Key Takeaways:

Growing demand for restocking of products the demand for RFID box segment to grow at a CAGR of 17.5% during the forecast period
The U.S. market is expected to reach US$ 3 Billion by 2032, growing at a CAGR of 17.9% by the forecast period.
Growing demand for automation businesses in China are expected to grow at a CAGR of 17.4% from 2022-2032.
Multi-Bin RFID Kanban Systems is expected to grow at a CAGR of 17.9% during the forecast period.
A growing demand for inventory management of drugs in Japan is projected to drive market growth at a CAGR of 16.2% during the forecast period.

- RFID Kanban Systems: Competitive Landscape

New technologies and increasing technological innovations in the market will benefit manufacturers. Strategic partnerships can allow a company to expand its operational capabilities. Business expansion can be made smarter and more dynamic to reduce security breaches and power outages.

In December 2021, InvoTech Systems, Inc., a leader in trusted identity solutions, was acquired by HID Global, a worldwide provider of trusted identity solutions. As a result of the acquisition, HID Global's RFID portfolio grows even further to provide a comprehensive range of advanced textile inventory management solutions for uniforms, linens, and laundry operations.

In April 2022, Chipotle Mexican Grill is going to test radio-frequency identification (RFID) technology in nearly 200 of their restaurants and distribution center in Chicago. This test has been developed in collaboration with the RFID Lab at Auburn University. In order to enhance inventory and traceability, the company plans to utilize the technology. With this new technology, Chipotle will be able to respond quickly to concerns about food safety and quality.

- Key Players:

Brooks Automation Inc.
Datelka
Grifols S A
Hurst Green Plastics Ltd
LogiTag Systems
MATTTEO
MetraTec GmbH
Palex Medical SA (Bidco Palex S.L.)
Pepperl+Fuchs SE
Scan Modul B.V.

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- Key Segments Covered In The RFID Kanban Systems Market Report:

RFID Kanban Systems Market by Type:
Single Bin RFID Kanban Systems
Multi-Bin RFID Kanban Systems

RFID Kanban Systems Market by Component:
RFID Kanban Systems Box
RFID Kanban Systems Base
RFID Kanban Systems Shelf/Cabinet
RFID Kanban Systems Electronic Shelf Displays
Other RFID Kanban System Components

RFID Kanban Systems Market by Application:
RFID Kanban Systems for Supply Chain Inventory Management
RFID Kanban Systems for Equipment Identification
RFID Kanban Systems for Track and Trace Solutions
RFID Kanban Systems for Other Applications

RFID Kanban Systems Market by Data Center Type:
RFID Kanban Systems for Enterprise Data Centers
RFID Kanban Systems for Managed Data Centers
RFID Kanban Systems for Colocation Data Centers
RFID Kanban Systems for Cloud and Edge Data Centers

RFID Kanban Systems Market by Vertical:
RFID Kanban Systems for BFSI
RFID Kanban Systems for Government and Public Sector
RFID Kanban Systems for IT and ITeS
RFID Kanban Systems for Manufacturing
RFID Kanban Systems for Healthcare and Life Science
RFID Kanban Systems for Telecommunications

RFID Kanban Systems Market by Region:
North America RFID Kanban Systems Market
Europe RFID Kanban Systems Market
Asia Pacific RFID Kanban Systems Market
Middle East and Africa RFID Kanban Systems Market
Latin America RFID Kanban Systems Market

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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This release was published on openPR.