Favourable Laws for Labelling Livestock, Rising Demand of RFID Technology in Retail Industry are Expected to Drive the Asia-Pacific RFID Market in the forecast period of 2019 to 2026

DRIVERS:

FAVOURABLE LAWS FOR LABELLING LIVESTOCK

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RFID tags usage in animals has been considered as one of the oldest method use in the rough terrain and large ranges, especially in the outbreak of mad cow disease. Mad cow disease means an animal disease which can be transferred to human if they eat the infected part of the flesh of that animal. RFID tags are important in animal industry to manage exotic and endangered animals for preserves. Tagging of animals in livestock industry helps the farmers to identify animals with respect to its pedigree and medical information. According to the Canadian cattle identification agency, barcode tags have been replaced by the usage of RFID tags. In Australia, RFID are being used in order to sell cattle and in some places, goats and sheep as well. The government enforcing the usage of RIFD technology in livestock industry is fueling the growth of the market.

GROWTH IN THE USAGE OF RFID IN SECURITY AND ACCESS CONTROL APPLICATION

RFID are beneficial with the respect to profitability, safety and security enhancement, reusability and reliability. RFID tags are used with respect of personal identification task as it can be engineered by tampered resistant, and has some cryptographic algorithm’s internal state. RFID tags helps in letting the specific person enter into the specific area. Many hostels do use as access control system combined with biometric and RFID technology for the accomplishment of the task; whereas, RFID reader are being used in the entrance, as it detects the number and presence of any individual in the office, school, hostels and many other places. Security concerns related to physical and intellectual property is an important concern for organizations. Automatic identification and access control system is mandatory for overcoming the threat related to protecting physical and intellectual property. RFID system comprising of RFID card, RFID reader module and a host device is used to access data from a unique RFID card or tag by combination of radio frequency and microchip technology. RFID technology is used for personnel identification, product monitoring, security of organization or an individual, transportation and tracking the supply chain. RFID for security and access control is used to access secured arears such as research centres, defence sites among others. The importance of RFID technology to protect and track the physical and intellectual property has led to rising use of RFID for security and access control application.

RESTRAINT:

DEVICE INTEROPERABILITY

RFID buffer over flow is a fault in a computer system or a programme while storing data to memory that causes to produce an incorrect or unexpected result or to behave in an unintended way as this could infect airport terminals. RFID data basis for luggage and passport data bases to obtain confidential information on the passport holder. The encryption of the RFID chip, which makes easier to process passport, can easily be broken in less time. It is done without detection, adding in security to passport system. Readers and tags/cards need to comply with the same version of the standard. Hence when a reader is purchased from a manufacturer with a proprietary air interface, it is necessary to buy cards or tags from the same manufacturer. Readers and tags/cards need to comply with the same version of the standard. Hence when a reader is purchased from a manufacturer with a proprietary air interface, it is necessary to buy cards or tags from the same manufacturer.

OPPORTUNITY

RFID TAG WITH SENSORS

RFID tag can be act as an opportunity as it has been operative in both battery-assisted active and passive RFID tags. As with the growing technological advancement, mainly in the energy collection, by the utilization of passive RFID tags, sensor monitoring can be achieved without lessening the reading range. RFID tags along with sensors are most suitable for the detection of the environmental changes automatically.

CHALLENGE

LACK OF ADOPTION OF RFID TECHNOLOGY IN EMERGING REGIONS

RFID tags can be read and legitimate transaction with readers can be eavesdropped from non-trivial distances. RFID used in access control, payment and e- passport system, operate at shorter range. Unauthorized reading of RFID tags presents a risk to privacy. Unauthorized reader can use this information to identify your track packages, consumer, carriers or content of packages. Lack of awareness in understanding the concept of RFID systems is preventing the usage of RFID technology in some of the APAC region. Factors such as complexity in implementation, lack of availability, high costs, and lack of knowledge about the application, complexity in attaching tags, technological issues such as integration, reliability and lack of standards are the major barriers for the adoption of RFID technology. In emerging countries of the region, the RFID technology is not widely accepted by the organizations. Lack of technological usefulness, global standards resulting in poor tag reader accuracy, high cost of investments in installation and unclear Return on Investments (ROI) is hampering the use of RFID. The unwillingness of the customer and supplier to use RFID, absence of senior management support has resulted in reduced adoption of RFID thus acting as a challenge for the market.

Market Trends

Asia-Pacific RFID market is segmented into two notable segments such as product and end user.

  • On the basis of product, the Asia-Pacific RFID market is segmented into tags, readers, software. Tags are further sub segmented into product type, type, frequency, application, form factor, material. Product type is further categorized into inlay tag, composite tag, ceramic tag. Type is further categorized into active tag, passive tag. Frequency is further categorized into low frequency, high frequency, ultra-high frequency, others. Application is further categorized into retail, asset management, logistics, airlines, healthcare, people management, embedded systems, access control/ ticketing, others. Form Factor is further categorized into label, card, plastic mouldings, wristband, buttons, key fob, implant, badges, others. Material is further categorized into plastic, paper, metal, glass, others. In 2019, tags segment is expected to dominate the market with a market share of 58.79% and also growing at the highest CAGR of 17.5% in the forecast period of 2019 to 2026.
  • On the basis of end user, the market is segmented into industrial, transportation, retail, consumer package goods, healthcare, education, others. In 2019, industrial segment is expected to dominate the market with a market share of 38.73% whereas consumer package goods is growing at the highest CAGR of 19.2% in the forecast period of 2019 to 2026.

Major Players: Asia-Pacific RFID Market 

Some of the major players operating in this market are Alien Technology, LLC, CCL Industries, Impinj, Inc., Invengo Technology Pte. Ltd , Nedap, AVERY DENNISON CORPORATION, Confidex Ltd, Omni-ID, HID Global Corporation, HONEYWELL INTERNATIONAL INC, ZEBRA, Checkpoint, NXP Semiconductors, Securitag Assembly Group Co., LTD and others.