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RFID Market by Product, Wafer Size, Working, Frequency( Low, High, Ultra-high, Applications, Form Factor, Label Type, and Region - Global Forecast to 2023

RFID Market: Global Forecast until 2023

  • June 2017
  • 346 pages
  • ID: 4975552
In this report:
The RFID market for passive tag in the logistics and supply chain application is expected to grow at highest CAGR of ##.##% between 2017 and 2023, to be valued at USD ##.## million by 2023.
The RFID market for ## inch wafer is expected to register a shipment of ##.## billion units by 2023, at a CAGR of ##.##% during the forecast period.

Summary

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"RFID market intended to grow at a significant rate between 2017 and 2023"

The radio-frequency identification market is anticipated to rise at a compound annual growth rate (CAGR) of 7.70 percent between 2017 and 2023 and is anticipated to be worth at ~$31.4B by 2023. The main key factors driving the rise of the RFID market are the development strategies implemented by the actors operating in the RFID ecosystem, including mergers and acquisitions, alliances, and collaborations; evolution of IoT with the increased communication and monitoring of machines; growing demand for industrialization in emerging economies; and rising penetration of RFID technology in different industries. Nevertheless, the main restraining factors for the increase of this market are high installation costs of RFID system and device interoperability.

"RFID tags projected to hold the biggest share of the RFID market established on products during the estimate period"

The RFID tags hold the biggest share in the global RFID market. The acceleration in adoption of IoT has driven the use of connected devices, and the market demand for wireless communications will keep driving the sector for RFID tags. Reduction in the costs have led to increase in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the industry, which in turn will lead to further innovations in the RFID systems.

"Ultra-high frequency forecasted to hold the biggest share of the global RFID market in 2017"

Ultra-high frequency RFID tags enable multiple tag reading that means user can read more RFID tags in one go, which is not supported by LF and HF. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. Owing to Elements such as small size, low cost and long lifetime, passive UHF RFID tags are anticipated to grow at a better compound annual growth rate as distinguished to the active UHF tags. Demand for passive UHF RFID tags have also seen a big adoption after the evolution of RAIN RFID alliance. With members including AIDC industry association AIM Global, Google, Impinj, Intel and SMARTRAC, the alliance has effectively worked on spreading the awareness among the end users and potential customers.

"RFID market in the whole Americas forecasted to grow at the quickest rate during the outlook period"

The RFID market in the whole Americas is anticipated to grow at the quickest rate between 2017 and 2023. North America continent is one of the main increase regions for the RFID market. The actors in the Americas area are emphasizing on analysis and growth activities, to facilitate operational efficiency through advanced technologies. Moreover, the adoption of RFID technologies and a significant number of established actors in the RFID market are driving the industry demand for RFID tags in the whole Americas. Different industries including retail, sports, logistics and supply chain, aerospace and defense, and commercial, functional in the area have significantly established their through alliances and collaborations. This development has created a huge increase potential for the RFID market in the whole Americas.

The break-up of the profiles of primary members taking part for the study has been provided below.

• By Company category: Tier 1 = 22.0 percent, Tier 2 = 44.0 percent, and Tier 3 = 22.0 percent

• By Description: C-suite executives = 33.0 percent, Directors = 11.0 percent, and Others = 56.0 percent

• By Area: The whole Americas = 44.0 percent, Europe, Middle East and Africa (EMEA) = 33.0 percent, and Asia-Pac = 22%.

The top players operating in the RFID market are Impinj, NXP Semiconductors, Alien Technology, Avery Dennison, Smatrac, Invengo, Checkpoint Systems, Mojix, GAO RFID, Nedap, Zebra Technologies, GlobeRanger, HID Global, Applied Wireless, CAEN RFID, Honeywell, Thing Magic, Identiv, SAG, Omni-ID, Vizinex RFID, Savi Technology, RFID Global Solution, Confidex, and TrackX.

Segment Research

The research report on the RFID market contains the sector split based on following segments: products, wafer size, working, frequency, applications, form factor, label type, and territory. The industry has been sliced n the basis of products into tags, readers and softwares. Established on networking technology, the RFID market has been categorized into wired technology and wireless technology. The sector has been divided on the basis of end-user market into agriculture, commercial, transportation, healthcare, retail, logistics and supply chain, aerospace, defense, security and access control, and sports. The analysis includes the industry established on three main regions: the whole Americas; Europe (EU), Middle East (ME) and African continent ; and Asia Pacific (APAC).

Main highlights

Figures of segmentation, review, and estimate for the sector established on component, networking technology, end-user sector, and area have been organized to give an global view of the RFID market.

The value chain study is provided to provide a detailed insight into the RFID market.

The main drivers, market restraints, alternatives, and opportunities for the RFID market have been precised in this industry report.

The market research includes an exhaustive competitive analysis, detailed DIVE review, and revenue of the main actors.

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