North America RFID (Radio Frequency Identification) Market, By Product (Tags, Readers, and Software Tools), End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, and Others), By Country (U.S., Canada, Mexico)-Industry Trends and Forecast to 2029
The RFID (radio frequency identification) market is expected to witness market growth at a rate of 11.13% in the forecast period of 2022 to 2029 and is expected to reach. Data Bridge Market Research report on RFID (radio frequency identification) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the installation of RFID in manufacturing units for productivity improvement is escalating the growth of RFID (radio frequency identification) market.
RFID (Radio Frequency Identification) is a type of wireless communication which utilizes the radio waves in order to read or capture data which is stored on the tag of any person, an animal or object. RFID device is an alternative of barcodes.
Major factors that are expected to boost the growth of the RFID (radio frequency identification) market in the forecast period are the rise in the utilization of safety and access control applications. Furthermore, the growing initiative from the government is further anticipated to propel the growth of the RFID (radio frequency identification) market. Moreover, the improved installation of RFID (radio frequency identification) in the manufacturing units for productivity enhancements is further estimated to cushion the growth of the RFID (radio frequency identification) market. On the other hand, the rise in the expenses related to the installation of RFID (radio frequency identification) systems is further projected to impede the growth of the RFID (radio frequency identification) market in the timeline period.
In addition, rise in the acceptance of RFID (radio frequency identification) technology in the retail industry will further provide potential opportunities for the growth of the RFID (radio frequency identification) market in the coming years. However, the concerns regarding the device interoperability might further challenge the growth of the RFID (radio frequency identification) market in the near future.
This RFID (radio frequency identification) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the RFID (radio frequency identification) market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
North America RFID (Radio Frequency Identification) Market Scope and Market Size
The RFID (radio frequency identification) market is segmented on the basis of product and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the RFID (radio frequency identification) market has been 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.
- On the basis of end user, the RFID (radio frequency identification) market has been segmented into industrial, transportation, retail, consumer package goods, healthcare, education, others.
RFID (Radio Frequency Identification) Market Country Level Analysis
The RFID (radio frequency identification) market is analyzed, and market size, volume information is provided by country, product and end-user vertical as referenced above.
The countries covered in the RFID (radio frequency identification) market report are the U.S., Canada and Mexico.
U.S. dominates the RFID (radio frequency identification) market due to the rise in the demand in supply chain sector. Furthermore, the increase in the demand for rising efficiency for improving quality of manufacturing will further boost the growth of the RFID (radio frequency identification) market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the 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 domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and RFID (Radio Frequency Identification) Market Share Analysis
RFID (radio frequency identification) market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the RFID (radio frequency identification) market.
The major players operating in the RFID (radio frequency identification) market report 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 and Securitag Assembly Group Co., LTD among others.
Customization Available : North America RFID (Radio Frequency Identification) Market
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