openPR Logo
Press release

RFID Market - immense potential for improving supply chain efficiency and ensuring patient safety

10-06-2017 03:28 PM CET | IT, New Media & Software

Press release from: Future Market Insights

Global RFID Market Analysis (2012–2016) and Forecast (2017–2027)

The global RFID market is expected to witness significant revenue growth during the forecast period. This growth is mainly driven by rising demand for RFID solutions in supply chain management, healthcare sector and the retail and consumer sector. The global RFID market is projected to register a CAGR of 13.2% in terms of value during the forecast period 2017 – 2027. The global RFID market was valued at US$ 12.03 Bn in 2016 and is estimated to reach a market valuation in excess of US$ 47 Bn by 2027 end. The global RFID market is expected to represent incremental opportunity of US$ 30.80 Bn between 2017 and 2027.

Get Sample Report of This Research@ https://www.futuremarketinsights.com/reports/sample/rep-gb-656

RFID tags segment by component likely to create high incremental opportunity in the global RFID market

Revenue from the RFID tags segment in the global RFID market was US$ 3,646.2 Mn in 2016, representing a CAGR of 17% from 2012 to 2016. According to Future Market Insights forecast, revenue from the RFID tags segment in the global RFID market is anticipated to increase from more than US$ 4,200 Mn in 2017 to over US$ 16.3 Bn by 2027 end, representing a CAGR of 14.3% from 2017 to 2027. The RFID tags segment is expected to create incremental opportunity of US$ 12.05 Bn between 2017 and 2027. Revenue from the RFID readers segment in the global RFID market is anticipated to increase from more than US$ 5,500 Mn in 2017 to over US$ 18 Bn by 2027 end, representing a CAGR of 12.2% from 2017 to 2027. The RFID readers segment is expected to create incremental opportunity of US$ 12.3 Bn between 2017 and 2027.

Increasing use of RFID tags in supply chain management and in the healthcare sector anticipated to boost segmental revenue growth in the global RFID market

Increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for tracking and classification of medical instruments has been driving the demand for RFID tags worldwide. This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while at the same time reducing human errors in healthcare processes. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market.

The adoption of RFID solutions has increased from larger customers such as Airbus, Boeing and the U.S. Department of Defense. Aerospace companies are increasingly leveraging RFID technology to garner benefits such as improved supply chain visibility, asset management and utilisation, work-in-process (WIP) tracking, improved maintenance tracking and efficient logistics and manufacturing operations. An increasing use of RFID solutions is the main driving force behind revenue growth in the global market.

Browse Report@ https://www.futuremarketinsights.com/reports/rfid-market

Rising need for efficient supply chain management is expected to support the growth of the North America RFID market during the forecast period. RFID stores detailed information related to the product on which it is tagged. The prices and details of the products with RFID tags are automatically recorded when the customer approaches the counter, without the need to scan each and every product, which saves the time of the customer. Moreover, it allows cost tally in one scan, which saves the time of the user as well as the product retailer. These advantages have encouraged retail and manufacturing companies to adopt RFID for tagging their products.

About Us:-

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact Us:-

3rd Floor, 207 Regent Street,
London W1B 3HH,
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268

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 - immense potential for improving supply chain efficiency and ensuring patient safety here

News-ID: 760761 • Views: 206

More Releases from Future Market Insights

How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring

All 5 Releases


More Releases for RFID

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
windshield rfid tag for rfid solutions(gyrfidstore)
The strength of RFID label or RFID Stickers compared with other tags is the thinner thickness, various size, flexible and cost efficient. It can be sealed inside of goods or stick on the device surface with adhesive layer. The label is also optional with anti-metal layer to mount and working on metal surface. GYRFID Provides different types Stickers to meet the requirement for different applications such as NFC Payments,
RFID Bracelet
RFID Bracelet 1.Housing ABS,Soft PVC 2.Chip:MiFare 1k,MiFare 4k,MiFare Ultralight 3.RFID Bracelet:ISO9001 4.15 years OEM RFID Bracelet: Waterproof silicone 125 KHz and 13.56 MHz Passive RFID bracelet. Perfect for short to medium range (Up to 60 cm) RFID applications such as around pools, waterparks, spas and other RFID access control applications where a waterproof bracelet is required. 1. Acid-proof 2. Alkali-proof 3. Constancy of properties over a wide temperature range leading to large operationg range 4.Excellent
RFID tags
RFID tag,rfid keyfob,rfid disc tag IC:EM4102,T5567,MF 1K,UHF Frequency:125KHZ,13.56MHZ,868MHZ Craft:logo printing,encoding RFID tag Frequency LF(Low Frequency): 125KHz HF(High Frequency): 13.56MHz RFID IC LF: Unique EM4100/4102, GK4001 HF: Mifare 1K,Mifare 4K, Mifare Ultralight, Mifare desfire I CODE SLI UHF Material PVC,ABS,Nylon Additional Craft
RFID keychain(EM4102)
RFID keychain with different chip embedded,with logo and number printing RFID keyfob is a transponder consisting of a chip and a coil-antenna in the robust ABS material. It has a hole for a key ring or chain. The key fobs is popularly for access control, time recording, operations (for example: cashless payment) and for the general identification for people. Key fobs are a good option to contactless cards. What we
RFID Wristband Tag
RFID Wristband, Mifare 1K RFID Wristband Tag with outstanding quality & excellent performance now is available at competitve Listing Description RFID bracelet,different colours and IC,EM4102,MF 1K,etc Detailed Description Reading distance:80mm Operating temperature -40 to 70 degree celsius Strong temperature -40 to 80 degree celsius Materials:ABS+PVC water-resistant:YES GK4001(125KHz 64 bits, R/O) EM4102(125KHz 64 bits, R/O) I CODE(13.56MHz 1024 bits,R/W) Mifare 1K(13.56MHz 1K byts,R/W) Hitag