The technology for conveying data from an electronic tag
using radio waves is called as RFID. The term RFID is the abbreviation of Radio
Frequency Identification. It is primarily an electronic label or tag affixed
with the products, this electronic tag is capable of being read through a
reader in order to track or identify the product. Over the past few years this
industry has enhanced its standards by eliminating majority of the
technological glitches which has led to make this industry potential of
catering the interoperable requirements. Decrease in the cost of the radio
frequency identification hardware and the rising adoption in the grocery
stores/supermarkets is projected to spur the radio frequency identification market
growth in the forecast period. Rising awareness of RFID tags in several
industries is expected to enhance the market share size. The increasing number
of products and the incorporation of advanced technology to increase the
efficiency and productivity in the retail sector are the key drivers of the
market. In addition, the rising smart stores are accelerating the radio
frequency identification market growth. Rising usage of RFID tags in the supply
management of the food and beverage sector is fueling the demand for the radio
frequency identification systems in the market. Increasing development of the
universal scanners to scan the microchips is further improving its popularity
among several industries which is estimated to expand its market share size. RFID
tags enable the accessibility of the information from the microchip if the compatible
reader is used for it. Besides The RFID tags require to be frequently updated
to increase the reliability of the whole system which can limit the market
growth.
Furthermore, various businesses and offices globally have
resumed their operations after the COVID-19-induced lockdowns were lifted. Anyhow,
governments have mandated such companies to maintain social distancing and less
number of employees. If the rules are not followed, a single case of COVID-19
can possibly lead to the shutdown of complete facility and need decontamination
before restarting the operations. To prevent such a situation, large companies
are undertaking several precautionary measures, along with contact-tracing
solutions. To capitalize on the rising need for contact-tracing solutions, various
RFID solutions providers have been launching new products or improving existing
products to suit the requirements of their customers during the COVID-19
pandemic which is key opportunity for the market.
The
global Radio Frequency Identification (RFID) Market is segregated on the basis
of Product Type as Tags, Readers and Software and Services. Based on Tag Type the
global Radio Frequency Identification (RFID) Market is segmented in Active Tags
and Passive Tags. Based on Application the global Radio Frequency
Identification (RFID) Market is segmented in Animal Tracking/Agriculture, Commercial,
Transportation, Logistics and Supply Chain, Retail and Others.
The
global Radio Frequency Identification (RFID) Market report provides geographic
analysis covering regions, such as Europe, North America, Asia Pacific, and
Rest of The World. The Radio Frequency Identification (RFID) Market for each
region is further segmented for major countries including the U.S., Canada,
Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa,
and others.
Competitive Analysis
Impinj, NXP
Semiconductors, Alien Technology, Avery Dennison, Smatrac and others are among
the major players in the global Radio Frequency Identification (RFID) Market.
The companies studied in terms of product strategy and various n several growth
and expansion strategies to gain a competitive edge in the market. The major
players not only follow value chain integration with business operations in
multiple stages of the value chain.
- In
September 2020, Avery Dennison launched the AD-332u8 RAIN RFID inlay which standout
in high density, close proximity conditions and can be used for inventory precision
(item-level tagging) and supply chain management. AD-332u8 inlays are installed
with UCODE 8 chips from NXP, featuring 128 bits of EPC memory and a 96-bit Tag
IDentifier (TID) with a 48-bit distinct serial number factory-encoded into the
TID. The new RAIN RFID inlay measures 70 x 14.5mm—the market’s smallest product
which meets ARC category H specifications.
- In
September 2020, Avery Dennison introduced its dual-technology AD-362r6-P inlay which
integrates item-level tracking and digital ID abilities of a high-performance
RAIN RFID (UHF) tag. This tag is suitable for a wide array of retail apparel
products and applications with the secondary loss prevention functionality of
an EAS tag. AD-362r6-P inlays are a distinct dual-technology design including a
UHF RFID inlay and electronic article surveillance (EAS) tag in a single
die-cut label.
The global Radio Frequency Identification (RFID)
Market has been segmented as below:
Radio
Frequency Identification (RFID) Market, By Product Type
- Tags
- Readers
- Software and Services
Radio
Frequency Identification (RFID) Market, By Tag Type
Radio
Frequency Identification (RFID) Market, By Application
- Animal Tracking/Agriculture
- Commercial
- Transportation
- Logistics and Supply Chain
- Retail
- Others
Radio
Frequency Identification (RFID) Market, By Region
- Europe
- North America
- Asia Pacific
- Rest of The World
Radio
Frequency Identification (RFID) Market, By Company
- 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
The
report covers the below scope:
- Global Radio Frequency
Identification (RFID) Market sizes from 2020 to 2026, along with CAGR for
2020-2026
- Market size comparison for 2019 vs
2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to
2026
- Global Radio Frequency
Identification (RFID) Market trends, covering comprehensive range of consumer
trends & manufacturer trends
- Value chain analysis covering
participants from raw material suppliers to the downstream buyer in the global Radio
Frequency Identification (RFID) Market
- Major market opportunities and
challenges in forecast timeframe to be focused
- Competitive landscape with analysis
on competition pattern, portfolio comparisons, development trends and strategic
management
- Comprehensive company profiles of
the key industry players
The
years considered for the study are as follows:
- Base year - 2019
- Estimated year - 2019
- Projected year - 2020
- Forecast period - 2021 to 2026
Report
Scope:
The global Radio Frequency Identification (RFID)
Market report scope includes detailed study covering underlying factors
influencing the industry trends. The report covers analysis on regional and
country level market dynamics. The scope also covers competitive overview
providing company market shares along with company profiles for major revenue
contributing companies. The report scope includes detailed competitive outlook
covering market shares and profiles key participants in the global Radio
Frequency Identification (RFID) Market share. Major industry players with
significant revenue share include Impinj, NXP Semiconductors,
Alien Technology, Avery Dennison, Smatrac and others.
Why to
Buy this Report:
- Gain detailed insights on the Radio Frequency Identification (RFID) industry trends
- Find complete analysis on the
market status
- Identify the Radio Frequency
Identification (RFID) Market opportunities and growth segments
- Analyse competitive dynamics by
evaluating business segments & product portfolios
- Facilitate strategy planning and
industry dynamics to enhance decision making
Target
Audience:
- The report targeted towards the existing players in
the industry is as follows:
- Market Manufacturers/Service
Providers
- Market Wholesale/Traders
- Investment and Financial
Institutions
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