RFID Tags Market Scope
The RFID tags market is increasing rapidly and is expected to continue growing at the same pace over the forecast period. Market Research Future (MRFR) in its “RFID Tags Market “report states that the market is likely to grow rapidly over the forecast period of 2017 to 2023. MRFR reveals that the global market of RFID tags is estimated to expand at a CAGR of 7.6% over the years to evaluation. RFID tags are replacing barcodes in supply chains. As e-commerce industry is booming, the application RFID tags is surging. This is identified as a major cause that is likely to boost the expansion of RFID tags market.
This tag can be attached to the products, animals or even human beings. Primarily RFID tags were invented to replace the barcodes in supply chains. RFID tags can be read wirelessly and without line of sight, more robust and are contain more info than barcodes.
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Confidex Ltd (Finland)
Alien Technology (U.S.)
Honeywell international Inc. (U.S.)
HID Global Corporation (U.S.)
Omni-ID Ltd (U.S.)
Impinj, Inc. (U.S.)
Smartrac N.V. (Netherlands)
Invengo Information Technology Co. Ltd (China)
Atmel Corporation (U.S.)
The Tag Factory (India)
RF Code Inc. (U.S.)
NXP Semiconductors N.V. (Netherlands)
CoreRFID Ltd (U.K.)
GAO RFID Inc. (Canada)
Tageos (France), and others
The RFID tags market is segmented by types and application.
By type, the market is segmented into active, passive, and semi-passive. The passive RFID tags segment is estimated to have command on the market share in the years to come. Passive tags do not have source for internal power. Therefore they depend on power induced by a reader. It is because lack of a battery, passive tags are durable, cost-effective, and smaller in size as compared to others. They are used in accessing control, supply chain management, inventory management, and in tool tracking. The rowing prominence of passive RFID tags among its end-users is expected to escalate the growth of the RFID tags market in the review period. Active tag are used for tracing containers, pallets, and large military assets. The increase in ocean exploring activities and rise in number of sales of military assets are expected to surge the market.
By end user, the industrial RFID tags market is segmented into automotive, healthcare, retail, logistics, transportation, and others. The logistics and transportation segment is likely to dominate the market in the years to come. The RFID-based technologies are widely used to improve transportation safety and security. The utility of RFID tags in the healthcare industry is swelling. It is helping patients to tracking patients at long distance, in surgery asset management, and in the authentication of medication. In addition, the growing concern regarding drug counterfeit is also gaining traction for the RFID tag market, as these tags are being used extensively. The reduction in operation cost and increase in cases of medical device theft are factors that are likely to boost the market growth.
RFID Tags Industry Regional Analysis
The RFID (Radio-frequency identification) tags market in North America is expected to dominate in the years to come. The increase in governments’ initiatives to adopt RFID tags across different verticals in order to maintain a tight security is observed to be a major cause for the expansion of the market in North America. In addition, the burgeoning retail industry in the North America region is another factor that is expected to drive the market growth. The existence of major RFID tags producers in the region is anticipated to cast a positive influence on the market. The United States RFID tags market is expected to contribute majorly to the regional market expansion.
The Asia Pacific RFID tag reader market anticipated to thrive at a high CAGR across the review period. The surge in adoption these tags by the packaging sector is identified as the main factor that can prompt the market growth. Rising industrial expansion, as well as increasing, urbanize population in the developing countries provide the further boost the market.
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Type
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
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List Of Figures
FIGURE 1 RESEARCH TYPEOF MRFR
FIGURE 2 TOP DOWN & BOTTOM UP APPROACH
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
Related Report : https://www.marketwatch.com/press-release/inventory-tags-market-2019-worldwide-analysis-global-size-industry-growth-share-plastic-inventory-tags-segmentation-challenges-target-audience-overview-and-forecast-by-2022-2019-10-31
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