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Asia-Pacific Radio-Frequency Identification Technology (RFID) Market – Industry Trends and Forecast to 2028

  • Semiconductors and Electronics
  • Published Report
  • Oct 2021
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Semiconductors and Electronics
  • Published Report
  • Oct 2021
  • Asia-Pacific
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Asia-Pacific Radio-Frequency Identification Technology (RFID) Market, By Offering (Hardware, Software, and Services), Operating System (Windows, Android, IOS, Web and Others), Connectivity (Bluetooth, Wi-Fi, Ultra-Wide Band, and Others), Material Type (Plastic, Metal, Paper, Glass, and Others), End User (Retail/Commercial, Industrial, Healthcare, Automotive, Aerospace, Surveillance and Security, Logistics and Transportation, Sports, Defense, Education, Livestock and Others), Country (China, Japan, South Korea, Hong Kong, Singapore, Vietnam, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028

Asia-Pacific Radio-Frequency Identification Technology (RFID) MarketMarket Analysis and Insights: Asia-Pacific Radio-Frequency Identification Technology (RFID) Market

The Asia-Pacific radio-frequency identification technology (RFID) market is expected to grow in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 16.1% in the forecast period of 2021 to 2028 and is expected to reach USD 7,311.27 million by 2028. Rising research work in the fields of automation and expansion of industrial 4.0 is boosting the market.

RFID (radio frequency identification) is a part of a tracking system that uses smart barcodes to identify items through radiofrequency technology. The radio waves transmit data from the tag to a reader. The data received is then transmitted as information to an RFID computer program. RFID tags are equipped with integrated circuits and antennas that can be attached to all kinds of products and packaging. The RFID tags transfer data through the radio waves, which RFID readers convert to form a more usable form of data that are then analyzed by the backend. This flow of data is highly beneficial in logistics for allowing warehouse and fleet managers to monitor the condition of goods continually and track the objects throughout the supply chain, leading to greater efficiencies and cost savings in logistics. The RFID includes passive RFID and active RFID. Active RFID is integrated with batteries that act as a power source for the tag's circuitry and antenna. Some of these tags contain batteries that can be replaced after their life period. In other cases, the tags have to be changed in the completion of battery life. Passive RFID does not consist of any power source and solely depends on the RFID reader's propagation signal to power the tag. As these systems operate without any battery, the life period of these tags can last up to 20 years or more.

The market's growth has been highly boosted by increasing the installation of RFID systems in manufacturing units to improve productivity. Growing acceptance of electronic identity cards and RFID tags located in smart cards is acting as drivers for the growth of the Asia-Pacific radio-frequency identification technology (RFID) market. The radio-frequency identification technology (RFID) causes cyber-attack problems and data breaches, which acts as a major restraining factor for the Asia-Pacific radio-frequency identification technology (RFID) market. The rising need for contact tracing solutions and increasing adoption of RFID tags for industry 4.0, IoT, and smart manufacturing are expected to pose opportunities for the market. Lack of awareness about RFID solutions and expert workforces are expected to challenge the Asia-Pacific radio-frequency identification technology (RFID) market.  

The Asia-Pacific radio-frequency identification technology (RFID) market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Asia-Pacific radio-frequency identification technology (RFID) market scenario, contact Data Bridge Market Research for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.

Asia-Pacific Radio-Frequency Identification Technology (RFID) MarketAsia-Pacific Radio-Frequency Identification Technology (RFID) Market Scope and Market Size

The Asia-Pacific radio-frequency identification technology (RFID) market is segmented into five notable segments based on the offering, operating system, connectivity, material type, and end user.

  • On the basis of offering, the Asia-Pacific radio-frequency identification technology (RFID) market is segmented into hardware, software, and services. In 2021, the hardware is expected to dominate the market due to the surging installation of RFID-based hardware products and the reason behind the acceptance of RFID products to reduce human errors and improve accuracy.
  • On the basis of operating system, the Asia-Pacific radio-frequency identification technology (RFID) market has been segmented into windows, android, IOS, web, and others. In 2021, the android segment is expected to dominate the market due to the day-to-day technological advancements and various android applications.
  • On the basis of connectivity, the Asia-Pacific radio-frequency identification technology (RFID) market has been segmented into Bluetooth, Wi-Fi, ultra-wide band, and others. In 2021, the Bluetooth segment is expected to dominate the market due to its cost-efficiency, fast connectivity, and data encapsulation facilitate its growth in the market.
  • On the basis of material type, the Asia-Pacific radio-frequency identification technology (RFID) market has been segmented into plastic, metal, paper, glass, and others. In 2021, the plastic segment is expected to dominate the market due to the high durability of plastic RFID products and the recycling factor concerned with plastic RFID products.
  • On the basis of end user, the Asia-Pacific radio-frequency identification technology (RFID) market has been segmented into retail/commercial, industrial, healthcare, automotive, aerospace, surveillance and security, logistics and transportation, sports, defense, education, livestock, and others. In 2021, retail/commercial is expected to dominate the market as there is a high demand for the retail industry in an inventory management system aided by the use of these tags. Moreover, the growing online retail sector in Asia-Pacific is increasing the demand for RFID systems.

Asia-Pacific Radio-Frequency Identification Technology (RFID) MarketAsia-Pacific Radio-Frequency Identification Technology (RFID) Market Country Level Analysis

The Asia-Pacific radio-frequency identification technology (RFID) market is analyzed, and market size information is provided by the country, offering, operating system, connectivity, material type, and end user, as referenced above.

The countries covered in the Asia-Pacific radio-frequency identification technology (RFID) market report are China, Japan, South Korea, Hong Kong, Singapore, Vietnam, Taiwan, Indonesia, Thailand, Malaysia, Philippines, and the Rest of Asia-Pacific.

The hardware segment is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of the major adoption of RFID in automation industries. China dominates in the Asia-Pacific region as geographically they have higher consumption, industries, and producers of the components. China is also expected to dominate the market as it has the highest number of startups and technological developments, increasing the need for radio-frequency identification technology (RFID).

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.

Rapid Industrial Automation is Boosting the Market Growth of Radio-Frequency Identification Technology (RFID) Market

The Asia-Pacific radio-frequency identification technology (RFID) market also provides you with a detailed market analysis for every country's growth in the particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2010 to 2019.

Competitive Landscape and Asia-Pacific Radio-Frequency Identification Technology (RFID) Market Share Analysis

The Asia-Pacific radio-frequency identification technology (RFID) market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to the Asia-Pacific radio-frequency identification technology (RFID) market.

Some of the major players operating in the Asia-Pacific radio-frequency identification technology (RFID) market are Alien Technology, LLC, CCL Industries, CoreRFID, Honeywell International Inc., Impinj, Inc., Pepperl+Fuchs SE, smart technologies, Jadak – A Novanta Company, Zebra Technologies Corp., HID Global Corporation, part of ASSA ABLOY, Identiv, Inc., Eccel Technology, SES RFID GmbH, Nedap N.V., Invengo Technology Pte. Ltd., NXP Semiconductors, RFID4U, Identec Limited, Datalogic S.p.A., Linxens among others.

Many contracts and agreements are initiated by companies worldwide, which also accelerate the RFID market.

For instance,

  •  In May 2019, Jadak – A Novanta Company announced the release of the Allegro In-Vitro Diagnostic 6MP Smart Camera, a machine vision camera designed specifically to complete standard pre-analytical IVD tasks on a rack of vials. The Allegro IVD 6MP Smart Camera and Clarity 3.0 software can accurately and precisely detect and screen diagnostic samples promptly, thus eliminating waste by conducting tests on incomplete samples and reducing errors typically caused by manual processes. This product launch has improved the product portfolio of the company
  • In June 2021, Impinj, Inc. introduced three next-generation RAIN RFID reader chips that enable IoT device makers to meet the increasing demand for item connectivity in retail, supply chain and logistics, consumer electronics, and many other markets. The new Impinj E710, E510, and E310 RAIN RFID reader chips are high-performance, low-power systems-on-chips (SoCs) that extend the item connectivity opportunity to hundreds of billions of things worldwide. This product addition has improved the product portfolio of the company


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