Global RFID Market to Witness High Demand Due to Increasing Adoption of RFID Technology from Retail Industry

RFID Market is expected to grow at 11.72% in the forecast period of 2019-2026 with factors such as high installation cost of RFID system & complexity associated with the device interoperability hampering the market growth.

RFID market has shown a significant adoption rate and preferences from the North America region. This is due to increasing research & development activities and increasing adoption of RFID technologies, which will enhance the market growth in the region.

RFID Market Scenario

According to Data Bridge Market Research the RFID market in developing regions is witnessing a growth in terms of its adoption rate, due to rising adoption of RFID technology from retail industry, rising government initiatives, increasing laws associated with the compulsory tagging of animals, and increasing installation in manufacturing units for productivity improvement.

Now the question is which are the regions that RFID market players should target? Data Bridge Market Research has estimated market leaders to target North America developing regions to help them in attaining better volume of revenue generation.

RFID market is becoming more competitive every year with tags currently being the largest market product for the forecast period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the RFID market.

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RFID Market Development

  • In November 2019, Avery Dennison Corporation announced the acquisition of Smartrac’s Transponder (RFID Inlay) Division which will help the company to enhance the production of RFID products. With this acquisition, the company will strengthen their market position and will also expand their Intelligent Labels platform.

Scope of the RFID Market

RFID market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.

  • All country based analysis of the RFID market is further analyzed based on maximum granularity into further segmentation. On the basis of products, the market is segmented into tags, readers and software. Based on tag, the market is segmented into wafer size, tag type, frequency, application, form factor and material. The material segment of the market is divided into plastic, paper, metal, glass, and others. End- user segment of the market is divided into industrial, transportation, retail, consumer package goods, healthcare, education and others.
  • RFID or radio frequency identification is a system which usually uses tags which have the ability to respond to radio waves so it can be used to track different objects and people. RFID tags are usually integrated with small antenna and are small in size so they can be placed easily on objects. When attached to an object, one can easily identify any object. RFID are usually made of materials such as paper, plastic, metal, glass and others. They are widely used in industries such as retail, healthcare, education, consumer package foods, and others.

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Key Pointers Covered in the RFID Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • Honeywell International Inc
  • HID Global Corporation
  • Impinj, Inc
  • IBM Corporation
  • Invengo Technology Pte Ltd
  • NXP Semiconductors
  • Protrac Id
  • ACTATEK (UK) Ltd
  • Alien Technology, LLC
  • Brady Worldwide, Inc
  • BT
  • Checkpoint Systems, Inc
  • Confidex Ltd
  • Datalogic SpA
  • Siemens
  • Smartrac NV
  • TagMaster

Above are the key players covered in the report, to know about more and exhaustive list of RFID companies, contact us

Research Methodology: Global RFID Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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