Asia-Pacific RFID market is expected to reach USD 15,752.90 million by 2026 from USD 4,434.51 million in 2018, growing at a CAGR of 17.3% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.
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Asia-Pacific RFID market is a highly concentrated market which includes key players and local players. The market has witnessed various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to rising demand of RFID technology in retail industry. The initiatives taken by the government to create awareness and healthcare programs which offers healthcare benefits which is also posing as an opportunity for the market.
The market has witnessed developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, In April 2017, Olympus Corporation acquired image stream medical, Inc. a healthcare system integrator. This acquisition improves clinical outcomes, reduce cost and increase quality of life for patients. By this acquisition company strengthen its product portfolio and operation excellence.
Invengo Technology Pte. Ltd dominated the Asia-Pacific RFID market and accounts for the highest market share in 2018 which is followed by CCL Industries and Alien Technology, LLC. The other key players in the market are Impinj, Inc., 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.
Invengo Technology Pte. Ltd
Invengo Technology Pte. Ltd is headquartered in Shenzhen, China was founded in 1993. The company focuses on the development of RFID technology and solutions. The company has different product categories such as Readers & Antennas, Tags & Inlays, Hard Tag Offering, Smart Cards & Tickets. The readers & antennas, tags & inlays are market focused category. Company operates their business in Singapore, Korea, U.S, Australia, and France.
In February 2017, Invengo Technology Pte. Ltd (China), introduced slimmest UHF RFID tag for linen tracking named as the LinTRAK-Slim or the laundry and textile services industry.
CCL Industries is headquartered in Toronto, Canada was founded in 1951. The company is a manufacturer and seller of containers, consumer printable media products. The company has four business segments which are CCL, Avery, Checkpoint Systems, Innovia. The checkpoint systems is market focused segment. The revenue of check point system has increased by 14.20% compared than previous year because of increasing demand of RFID products in the industries. Company has more than 20,000 employees as of Dec 2018.
Company operates their business in North America, Europe, Asia-Pacific, and Middle East & Africa. It operates through its subsidiaries such as CCL Container (Hermitage), Inc. (U.S), Checkpoint Systms, Inc. (U.S), Easy2Name Limited (U.K), CCL Design GmbH (Germany), CCL Design Munchen GmbH (Germany), Avery Dennison Canada Corporation (Canada).
In January 2016, CCL Industries (U.S), Checkpoint’s Micro RFID Labels designed for beauty, smaller health, cosmetic and retail merchandise applications in order to overcome the densely packed merchandising display challenges.
Alien Technology, LLC
Alien Technology, LLC is headquartered in California, U.S, was founded in 1994. The company focuses on the development and manufacture of high-quality RFID innovations, technologies and products. The company has different product categories such as IC, tags, readers, antennas, alien custom products. The tags and readers are market focused category. Company operates their business in Americas, Europe, Middle East & Africa, and Asia-Pacific.
In April 2019, Alien Technology, LLC (U.S) launched the Higgs-9 next generation of Higgs RFID semiconductor integrated circuits.The new Higgs-9 provides enterprise critical application for faster, smarter and quicker ROI in RFID deployments.
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Asia-Pacific RFID (Radio Frequency Identification) Market - Industry Trends and Forecast to 2028
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