Table of Content

1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 MARKET DEFINITION 28
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS 29
1.2.2 INCLUSIONS AND EXCLUSIONS FOR PRODUCT TYPE SEGMENTS 29
1.2.3 INCLUSIONS AND EXCLUSIONS FOR APPLICATION SEGMENTS 30
1.3 MARKET SCOPE 31
1.3.1 MARKETS COVERED 31
FIGURE 1 RFID MARKET SEGMENTATION 31
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 YEARS CONSIDERED FOR THE STUDY 32
1.4 CURRENCY 32
1.5 PACKAGE SIZE 33
1.6 STAKEHOLDERS 33
1.7 SUMMARY OF CHANGES 33

2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 RFID MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 36
2.1.1.1 Secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Breakdown of primary interviews 38
2.1.2.2 Key data from primary sources 38
2.1.2.3 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)?REVENUE GENERATED BASED ON SALES 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2, BOTTOM-UP (SUPPLY SIDE)?ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES BASED ON SALES 40
2.2.1 BOTTOM-UP APPROACH 41
2.2.1.1 Approach for estimating market size using bottom-up approach (demand side) 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 41
2.2.2 TOP-DOWN APPROACH 42
2.2.2.1 Approach for estimating market size using top-down approach (supply-side) 42
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 42
?
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 43
FIGURE 7 DATA TRIANGULATION 43
2.4 RESEARCH ASSUMPTIONS 44
2.5 LIMITATIONS OF THE STUDY 44

3 EXECUTIVE SUMMARY 45
FIGURE 8 IMPACT ANALYSIS OF COVID-19 ON RFID MARKET 46
3.1 PRE-COVID-19 SCENARIO 46
3.2 PESSIMISTIC SCENARIO (POST-COVID-19) 46
3.3 OPTIMISTIC SCENARIO (POST-COVID-19) 47
3.4 REALISTIC SCENARIO (POST-COVID-19) 47
FIGURE 9 TAGS SEGMENT TO GROW AT HIGHEST CAGR AMONG RFID PRODUCTS 48
FIGURE 10 PASSIVE TAGS TO HOLD A LARGER SHARE OF RFID MARKET 48
FIGURE 11 ULTRA-HIGH-FREQUENCY TAGS TO BE THE FASTEST-GROWING SEGMENT FROM 2021 TO 2026 49
FIGURE 12 LOGISTICS AND SUPPLY CHAIN APPLICATION TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 49
FIGURE 13 APAC MARKET FOR RFID TAGS TO GROW AT HIGHEST CAGR
FROM 2021 TO 2026 50

4 PREMIUM INSIGHTS 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN RFID MARKET 51
FIGURE 14 INCREASING GLOBAL DEMAND FROM LOGISTICS AND SUPPLY CHAIN, RETAIL, HEALTHCARE, AND COMMERCIAL APPLICATION TO SPUR MARKET GROWTH 51
4.2 RFID TAG MARKET, BY FORM FACTOR 51
FIGURE 15 LABEL TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET BY 2026 51
4.3 RFID TAG MARKET, BY MATERIAL 52
FIGURE 16 PLASTIC TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET BY 2026 52
4.4 AMERICAS: RFID TAG MARKET, BY APPLICATION & COUNTRY 52
FIGURE 17 LOGISTICS AND SUPPLY CHAIN APPLICATION AND US TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET IN AMERICAS 52
4.5 RFID TAG MARKET, BY COUNTRY 53
FIGURE 18 RFID TAG MARKET IN JAPAN IS PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53

5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 HISTORY AND EVOLUTION 54
5.3 MARKET DYNAMICS 55
FIGURE 19 RFID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.3.1 DRIVERS 55
5.3.1.1 Increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19 55
5.3.1.2 Growing market competitiveness leading to availability of cost-effective RFID solutions 56
5.3.1.3 High returns on investment 56
TABLE 1 TYPICAL RETURNS ON INVESTMENT (ROI) FROM RFID (RTLS) DEPLOYMENT IN HOSPITALS 57
TABLE 2 TYPICAL LOSSES IN DATA CENTERS DURING MANUAL ASSET MANAGEMENT FOR ~40K SQ. FT. AREA 58
5.3.1.4 Increasing regulations and government initiatives for various industries 59
5.3.1.5 Ability of RFID solutions to help healthcare organizations check spread of COVID-19 59
FIGURE 20 IMPACT ANALYSIS: DRIVERS 60
5.3.2 RESTRAINTS 61
5.3.2.1 Concerns regarding data security and privacy 61
5.3.2.2 High purchase, installation, and maintenance costs 61
FIGURE 21 IMPACT ANALYSIS: RESTRAINTS 62
5.3.3 OPPORTUNITIES 62
5.3.3.1 Rising need for contact-tracing solutions due to COVID-19 62
5.3.3.2 Growing trend of hybrid RFID solutions 62
5.3.3.3 Rising adoption of RFID tags for Industry 4.0, IoT, and smart manufacturing 63
5.3.3.4 Soaring demand for RFID solutions in developing regions 63
FIGURE 22 IMPACT ANALYSIS: OPPORTUNITIES 64
5.3.4 CHALLENGES 64
5.3.4.1 Lack of backend support for large volumes of data 64
5.3.4.2 Lack of awareness about RFID solutions and expert workforce 64
5.3.4.3 Supply chain disruptions due to COVID-19 65
FIGURE 23 IMPACT ANALYSIS: CHALLENGES 65
5.4 AVERAGE SELLING PRICE TREND 65
5.4.1 COST ANALYSIS 65
5.4.1.1 Major factors affecting manufacturing cost 65
FIGURE 24 ASP TRENDS OF RFID TAGS AND READERS 66
5.4.1.2 Manufacturing cost structure analysis 66
FIGURE 25 BREAKDOWN OF TOTAL OWNERSHIP COST OF AN RFID SYSTEM 66
5.4.1.3 Basic cost breakdown of tags by frequency 67
TABLE 3 ESTIMATED PRICE OF INLAYS FOR TAGS BASED ON DIFFERENT SUBSTRATE/ METALLIZATION FOR DIFFERENT FREQUENCIES 67
5.4.2 PROFIT MARGIN ANALYSIS 68
FIGURE 26 RFID MARKET: PROFIT MARGINS PER WAFER FOR CHIPS 68
5.5 VALUE CHAIN ANALYSIS 68
FIGURE 27 RFID MARKET: VALUE CHAIN ANALYSIS 68
5.5.1 EQUIPMENT AND COMPONENT MANUFACTURERS 69
5.5.2 CONNECTIVITY TECHNOLOGY PROVIDERS 69
5.5.3 RFID HARDWARE AND SOFTWARE PROVIDERS 69
5.5.4 SYSTEM INTEGRATORS AND SERVICE PROVIDERS 69
5.5.5 END USE 69
5.6 MARKET MAP 70
FIGURE 28 KEY PLAYERS IN RFID ECOSYSTEM 70
5.7 TRENDS/DISRUPTIONS IMPACTING THE BUSINESS OF CUSTOMERS 70
5.7.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR RFID MARKET 70
FIGURE 29 REVENUE SHIFT FOR RFID MARKET 70
5.8 TECHNOLOGY ANALYSIS 71
5.8.1 RFID TECHNOLOGY COMPARISON 71
TABLE 4 COMPARISON OF RFID TAGS BASED ON ACTIVE AND PASSIVE FREQUENCIES 71
5.8.2 RFID TECHNOLOGY NODE ANALYSIS 71
TABLE 5 TECHNOLOGY MATRIX OF TOP 3 CHIP MANUFACTURERS 71
5.9 CASE STUDY ANALYSIS 72
5.9.1 SYNGENTA SELECTS CORERFID FOR AUTOMATED SOLUTION 72
5.9.2 MX GROUP SELECTS CORERFID FOR RFID SOLUTION 72
5.9.3 ADIDAS SELECTS NEDAP FOR RFID READER SOLUTION 73
5.9.4 DRMP SELECTS ZEBRA TECHNOLOGIES FOR RFID TECHNOLOGY 73
5.10 PATENT ANALYSIS 74
TABLE 6 IMPORTANT INNOVATIONS AND PATENTS REGISTRATION, 2012–2020 74
5.11 REGULATORY ANALYSIS 75
5.11.1 US 75
5.11.2 CANADA 75
5.11.3 EUROPE 76
5.11.4 INDONESIA 76
5.11.5 INDIA 76
5.12 TRADE DATA 76
TABLE 7 IMPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 77
TABLE 8 EXPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION) 77

6 RFID MARKET, BY PRODUCT 78
6.1 INTRODUCTION 79
FIGURE 30 RFID MARKET, BY PRODUCT 79
FIGURE 31 TAGS SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE IN RFID MARKET DURING FORECAST PERIOD 80
TABLE 9 RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION) 80
TABLE 10 RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION) 80
TABLE 11 RFID MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS) 81
TABLE 12 RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS) 81
6.2 TAGS 81
6.2.1 TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020 81
6.3 READERS 82
TABLE 13 RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION) 82
TABLE 14 RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION) 82
TABLE 15 RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS) 82
TABLE 16 RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS) 83
6.3.1 FIXED READERS 83
6.3.1.1 Ruggedness and cost-effectiveness of readers primarily drive fixed readers market 83
TABLE 17 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION) 83
TABLE 18 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION) 84
TABLE 19 FIXED RFID READER MARKET, BY FREQUENCY,
2017–2020 (THOUSAND UNITS) 84
TABLE 20 FIXED RFID READER MARKET, BY FREQUENCY,
2021–2026 (THOUSAND UNITS) 84
6.3.2 HANDHELD READERS 84
6.3.2.1 Handheld readers are adopted mainly due to their mobility 84
TABLE 21 HANDHELD RFID READER MARKET, BY PRODUCT TYPE,
2017–2020 (USD MILLION) 85
TABLE 22 HANDHELD RFID READER MARKET, BY PRODUCT TYPE,
2021–2026 (USD MILLION) 85
TABLE 23 HANDHELD RFID READER MARKET, BY PRODUCT TYPE,
2017–2020 (THOUSAND UNITS) 85
TABLE 24 HANDHELD RFID READER MARKET, BY PRODUCT TYPE,
2021–2026 (THOUSAND UNITS) 85
TABLE 25 HANDHELD RFID READER MARKET, BY FREQUENCY,
2017–2020 (USD MILLION) 86
TABLE 26 HANDHELD RFID READER MARKET, BY FREQUENCY,
2021–2026 (USD MILLION) 86
TABLE 27 HANDHELD RFID READER MARKET, BY FREQUENCY,
2017–2020 (THOUSAND UNITS) 86
TABLE 28 HANDHELD RFID READER MARKET, BY FREQUENCY,
2021–2026 (THOUSAND UNITS) 86
TABLE 29 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION) 87
TABLE 30 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION) 87
TABLE 31 HANDHELD RFID READER MARKET, BY REGION,
2017–2020 (THOUSAND UNITS) 87
TABLE 32 HANDHELD RFID READER MARKET, BY REGION,
2021–2026 (THOUSAND UNITS) 87
6.4 SOFTWARE AND SERVICES 88
6.4.1 RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE
SOFTWARE AND SERVICES MARKET 88

7 RFID MARKET, BY TAG 89
7.1 WAFER SIZE 90
FIGURE 32 BY WAFER SIZE, OTHERS SEGMENT IS PROJECTED TO GROW AT A HIGHER CAGR 90
TABLE 33 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (USD BILLION) 90
TABLE 34 RFID TAG MARKET, BY WAFER SIZE, 2021–2026 (USD BILLION) 91
TABLE 35 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (MILLION UNITS) 91
TABLE 36 RFID TAG MARKET, BY WAFER SIZE, 2021–2026 (MILLION UNITS) 91
7.2 TAG TYPE 92
FIGURE 33 PASSIVE RFID TAGS TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD 92
TABLE 37 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (USD BILLION) 92
TABLE 38 RFID TAG MARKET, BY TAG TYPE, 2021–2026 (USD BILLION) 93
TABLE 39 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (MILLION UNITS) 93
TABLE 40 RFID TAG MARKET, BY TAG TYPE, 2021–2026 (MILLION UNITS) 93
7.2.1 PASSIVE TAGS 93
7.2.1.1 Passive tags to account for a larger share of RFID tag market by 2026 93
TABLE 41 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION) 94
TABLE 42 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION) 94
TABLE 43 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS) 94
TABLE 44 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (MILLION UNITS) 94
TABLE 45 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 95
TABLE 46 PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 95
TABLE 47 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS) 96
TABLE 48 PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS) 96
7.2.2 ACTIVE TAGS 97
7.2.2.1 Benefit of real-time monitoring of assets is expected to boost active tag market 97
TABLE 49 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 97
TABLE 50 ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 98
TABLE 51 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS) 98
TABLE 52 ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS) 99
7.3 FREQUENCY 99
FIGURE 34 ULTRA-HIGH FREQUENCY IS PREDOMINANTLY USED IN RFID TAGS 99
TABLE 53 RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION) 100
TABLE 54 RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION) 100
TABLE 55 RFID TAG MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS) 100
TABLE 56 RFID TAG MARKET, BY FREQUENCY, 2021–2026 (MILLION UNITS) 100
7.3.1 LOW FREQUENCY 101
7.3.1.1 Animal tagging, access control, and ticketing applications are mainly contributing to growth of low frequency segment 101
TABLE 57 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 101
TABLE 58 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 102
TABLE 59 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (MILLION UNITS) 102
TABLE 60 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (MILLION UNITS) 103
?
7.3.2 HIGH FREQUENCY 103
7.3.2.1 Retail, security, and supply chain applications are mainly contributing to growth of high frequency segment 103
TABLE 61 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 104
TABLE 62 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 104
TABLE 63 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (MILLION UNITS) 105
TABLE 64 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (MILLION UNITS) 105
7.3.3 ULTRA-HIGH FREQUENCY (UHF) 106
7.3.3.1 Passive ultra-high-frequency tags to contribute more than active ultra-high-frequency tags in market growth 106
TABLE 65 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 106
TABLE 66 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 107
TABLE 67 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2017–2020 (MILLION UNITS) 107
TABLE 68 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION,
2021–2026 (MILLION UNITS) 108
7.4 APPLICATION 108
FIGURE 35 LOGISTICS AND SUPPLY CHAIN APPLICATION TO CONTRIBUTE LARGEST SHARE TO RFID TAG MARKET IN 2026 108
TABLE 69 RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 109
TABLE 70 RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 109
TABLE 71 RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS) 110
TABLE 72 RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS) 110
7.4.1 AGRICULTURE 111
7.4.1.1 Use of RFID tags for cold chain monitoring is expected to drive agriculture segment 111
TABLE 73 RFID TAG MARKET FOR AGRICULTURE, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 111
TABLE 74 RFID TAG MARKET FOR AGRICULTURE, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 112
7.4.2 COMMERCIAL 112
7.4.2.1 RFID tag market in commercial segment is majorly driven by applications such as IT assets tracking, industrial materials management, educational institutes, and libraries 112
TABLE 75 RFID TAG MARKET FOR COMMERCIAL, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 113
TABLE 76 RFID TAG MARKET FOR COMMERCIAL, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 113
7.4.3 TRANSPORTATION 113
7.4.3.1 Road tolling, parking management, and key fob access are major applications of RFID solutions in transportation 113
TABLE 77 RFID TAG MARKET FOR TRANSPORTATION, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 114
TABLE 78 RFID TAG MARKET FOR TRANSPORTATION, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 114
7.4.4 HEALTHCARE 115
7.4.4.1 Patient monitoring is anticipated to be a highly promising application during forecast period 115
TABLE 79 RFID TAG MARKET FOR HEALTHCARE, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 116
TABLE 80 RFID TAG MARKET FOR HEALTHCARE, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 116
7.4.5 LOGISTICS AND SUPPLY CHAIN 116
7.4.5.1 Logistics and supply chain held largest share of RFID tag market in 2020 116
TABLE 81 RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY MATERIAL TYPE, 2017–2020 (USD MILLION) 117
TABLE 82 RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY MATERIAL TYPE, 2021–2026 (USD MILLION) 117
7.4.6 AEROSPACE 117
7.4.6.1 Baggage tagging application has a huge market potential during forecast period 117
TABLE 83 RFID TAG MARKET FOR AEROSPACE, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 118
TABLE 84 RFID TAG MARKET FOR AEROSPACE, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 118
7.4.7 DEFENSE 118
7.4.7.1 RFID tags are majorly used in border security and weapon movement tracking 118
TABLE 85 RFID TAG MARKET FOR DEFENSE, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 119
TABLE 86 RFID TAG MARKET FOR DEFENSE, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 119
7.4.8 RETAIL 119
7.4.8.1 Retail is second-largest application segment for RFID tag market 119
TABLE 87 RFID TAG MARKET FOR RETAIL, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 120
TABLE 88 RFID TAG MARKET FOR RETAIL, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 120
7.4.9 SECURITY AND ACCESS CONTROL 120
7.4.9.1 RFID card tags are largely used for physical access control and payment applications 120
TABLE 89 RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, BY MATERIAL TYPE, 2017–2020 (USD MILLION) 121
TABLE 90 RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, BY MATERIAL TYPE, 2021–2026 (USD MILLION) 121
7.4.10 SPORTS 121
7.4.10.1 Wrist bands are majorly used in many sports activities and contribute to RFID tag market growth 121
TABLE 91 RFID TAG MARKET FOR SPORTS, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 122
TABLE 92 RFID TAG MARKET FOR SPORTS, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 122
7.4.11 ANIMAL TRACKING 122
7.4.11.1 Animal tracking is a large market for RFID tags due to extensive use of ear tags and implant tags 122
TABLE 93 RFID TAG MARKET FOR ANIMAL TRACKING, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 123
TABLE 94 RFID TAG MARKET FOR ANIMAL TRACKING, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 123
7.4.12 TICKETING 123
7.4.12.1 Ticketing is expected to witness significant growth during forecast period 123
TABLE 95 RFID TAG MARKET FOR TICKETING, BY MATERIAL TYPE,
2017–2020 (USD MILLION) 124
TABLE 96 RFID TAG MARKET FOR TICKETING, BY MATERIAL TYPE,
2021–2026 (USD MILLION) 124
7.4.13 MOST IMPACTED VERTICAL BY COVID-19 124
7.4.13.1 Security and access control 124
FIGURE 36 PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR SECURITY AND ACCESS CONTROL 124
TABLE 97 PRE-COVID-19 AND POST-COVID-19 SCENARIO: RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, 2017–2026 (USD MILLION) 125
7.4.13.2 Impact analysis 125
7.4.14 LEAST IMPACTED VERTICAL BY COVID-19 126
7.4.14.1 Logistics and supply chain 126
FIGURE 37 PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR LOGISTICS AND SUPPLY CHAIN 126
TABLE 98 PRE-COVID-19 AND POST-COVID-19 SCENARIO: RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, 2017–2026 (USD BILLION) 126
7.4.14.2 Impact analysis 127
7.4.14.3 Steps taken by logistics and supply chain industry to mitigate impact of COVID-19 127
7.5 FORM FACTOR 127
FIGURE 38 LABEL TAGS TO HOLD LARGEST SHARE OF RFID TAG MARKET IN 2020 127
TABLE 99 RFID TAG MARKET, BY FORM FACTOR, 2017–2020 (USD MILLION) 128
TABLE 100 RFID TAG MARKET, BY FORM FACTOR, 2021–2026 (USD MILLION) 128
7.5.1 CARD 129
7.5.1.1 RFID card tags are majorly used for access control, personal identification, and security applications 129
TABLE 101 RFID CARD TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 129
TABLE 102 RFID CARD TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 130
7.5.2 IMPLANT 130
7.5.2.1 Use of glass tags in animal identification majorly contributes to growth of implant tag market 130
TABLE 103 RFID IMPLANT TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 131
TABLE 104 RFID IMPLANT TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 131
7.5.3 KEY FOB 131
7.5.3.1 Use in access control and transportation applications contributes to growth of key fob segment 131
TABLE 105 RFID KEY FOB TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 131
TABLE 106 RFID KEY FOB TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 132
7.5.4 LABEL 132
7.5.4.1 Agriculture, logistics and supply chain, and retail applications mostly deploy RFID label tags 132
TABLE 107 RFID LABEL TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 132
TABLE 108 RFID LABEL TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 133
7.5.5 PAPER TICKET 133
7.5.5.1 Paper-based RFID tags are majorly used for travel tickets, event tickets, and amusement park tickets 133
7.5.6 BAND 133
7.5.6.1 RFID wristbands are majorly used in sports activities, baggage tagging at airports, and animal tagging 133
TABLE 109 RFID BAND TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 134
TABLE 110 RFID BAND TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 134
7.5.7 OTHER FORM FACTORS 134
TABLE 111 OTHER RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 135
TABLE 112 OTHER RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 135
7.6 MATERIAL 136
FIGURE 39 PLASTIC FORM FACTOR TO HOLD LARGEST SHARE OF RFID TAG
MARKET IN 2026 136
TABLE 113 RFID TAG MARKET, BY MATERIAL, 2017–2020 (USD MILLION) 136
TABLE 114 RFID TAG MARKET, BY MATERIAL, 2021–2026 (USD MILLION) 137
7.6.1 PLASTIC 137
7.6.1.1 Plastic-based RFID tag market growth is attributed to rising adoption of access cards 137
TABLE 115 PLASTIC RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 138
TABLE 116 PLASTIC RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 138
7.6.2 PAPER 139
7.6.2.1 Paper-based RFID tags are majorly available in label, ticket, and band form factors 139
TABLE 117 RFID PAPER TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 139
TABLE 118 RFID PAPER TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 140
7.6.3 GLASS 140
7.6.3.1 Growth of glass-based RFID tag market is attributed to increasing application in animal tracking 140
TABLE 119 RFID GLASS TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 140
TABLE 120 RFID GLASS TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 141
7.6.4 OTHER MATERIALS 141
TABLE 121 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 141
TABLE 122 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 142

8 GEOGRAPHIC ANALYSIS 143
8.1 INTRODUCTION 144
FIGURE 40 RFID TAG MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 144
TABLE 123 RFID TAG MARKET, BY REGION, 2017–2020 (USD BILLION) 144
TABLE 124 RFID TAG MARKET, BY REGION, 2021–2026 (USD BILLION) 144
8.2 AMERICAS 145
FIGURE 41 SNAPSHOT: RFID TAG MARKET IN AMERICAS 146
TABLE 125 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 147
TABLE 126 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 147
TABLE 127 AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION) 148
TABLE 128 AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION) 148
8.2.1 US 149
8.2.1.1 US accounted for largest share of RFID tag market in Americas in 2020 149
8.2.2 CANADA 149
8.2.2.1 Healthcare sector to generate growth opportunities for RFID solutions in Canada 149
8.2.3 MEXICO 150
8.2.3.1 RFID market in Mexico is expected to witness significant growth 150
8.2.4 BRAZIL 150
8.2.4.1 Brazil to emerge as a key contributor to RFID market in Americas 150
8.2.5 REST OF AMERICAS 150
8.2.5.1 Petroleum, mining, and oil & gas are key contributors to RFID market growth in the Rest of Americas 150
8.2.6 IMPACT OF COVID-19 ON AMERICAS 150
8.2.6.1 High demand for RFID solutions in various service- and manufacturing-based industries during COVID-19 pandemic to boost market growth 150
FIGURE 42 AMERICAS: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION) 151
TABLE 129 AMERICAS: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION) 151
8.3 EUROPE, MIDDLE EAST, AND AFRICA (EMEA) 152
FIGURE 43 SNAPSHOT: RFID TAG MARKET IN EMEA 153
TABLE 130 EMEA: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 154
TABLE 131 EMEA: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 154
TABLE 132 EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2017–2020 (USD MILLION) 155
TABLE 133 EMEA: RFID TAG MARKET, BY COUNTRY/REGION,
2021–2026 (USD MILLION) 155
8.3.1 GERMANY 156
8.3.1.1 Germany to account for largest share of RFID tag market in EMEA 156
8.3.2 UK 156
8.3.2.1 Increasing government regulations in UK would boost RFID tag market 156
8.3.3 FRANCE 157
8.3.3.1 Aerospace is the most prominent growth sector for RFID market in France 157
8.3.4 ITALY 157
8.3.4.1 Need for effective assets management would drive Italian RFID market 157
8.3.5 RUSSIA 157
8.3.5.1 Energy, oil & gas, and aviation industries are expected to drive Russian RFID market 157
8.3.6 REST OF EMEA 158
8.3.7 IMPACT OF COVID-19 ON EMEA 158
8.3.7.1 Declining demand from automobiles and aerospace applications is expected to restrain growth of RFID tag market in EMEA 158
FIGURE 44 EMEA: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION) 159
TABLE 134 EMEA: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION) 159
8.4 APAC 160
FIGURE 45 SNAPSHOT: RFID TAG MARKET IN APAC 161
TABLE 135 APAC: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 162
TABLE 136 APAC: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 162
TABLE 137 APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION) 163
TABLE 138 APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION) 163
8.4.1 JAPAN 164
8.4.1.1 Healthcare sector to offer growth opportunities to RFID market in Japan due to aging population 164
8.4.2 CHINA 164
8.4.2.1 China to account for largest share of RFID market in APAC during forecast period 164
8.4.3 SOUTH KOREA 165
8.4.3.1 Electronics manufacturing industry is expected to largely adopt RFID solutions 165
8.4.4 INDIA 165
8.4.4.1 Manufacturing and healthcare industries in India to drive growth of RFID market 165
8.4.5 AUSTRALIA 165
8.4.5.1 Sports and entertainment industries are upcoming growth avenues for RFID market in Australia 165
8.4.6 REST OF APAC 166
?
8.4.7 IMPACT OF COVID-19 ON APAC 166
8.4.7.1 Increasing demand for industrial automation, supply chain automation, and service industry automation in the region could improve demand for RFID solutions 166
FIGURE 46 APAC: PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET, 2017–2026 (USD BILLION) 167
TABLE 139 APAC: PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET, 2017–2026 (USD BILLION) 167

9 COMPETITIVE LANDSCAPE 168
9.1 OVERVIEW 168
FIGURE 47 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS AS A KEY GROWTH STRATEGY FROM JANUARY 2018 TO DECEMBER 2020 169
9.2 MARKET EVALUATION FRAMEWORK 169
FIGURE 48 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS THE MAJOR GROWTH STRATEGY ADOPTED BY RFID MARKET PLAYERS FROM JANUARY 2018 TO DECEMBER 2020 170
9.3 MARKET SHARE ANALYSIS (TOP 5 PLAYERS) 170
FIGURE 49 MARKET SHARE ANALYSIS OF TOP FIVE COMPANIES, 2019 171
9.3.1 MARKET SHARE ANALYSIS FOR HANDHELD DEVICES (5 KEY PLAYERS) 173
9.4 HISTORICAL 5-YEAR REVENUE ANALYSIS 173
FIGURE 50 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS 173
9.5 COMPANY EVALUATION MATRIX 174
9.5.1 STAR 174
9.5.2 EMERGING LEADER 174
9.5.3 PERVASIVE 174
9.5.4 PARTICIPANT 174
FIGURE 51 RFID MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020 175
9.6 COMPETITIVE BENCHMARKING 176
9.6.1 STRENGTH OF PRODUCT PORTFOLIO (20 COMPANIES) 176
FIGURE 52 ANALYSIS OF PRODUCT PORTFOLIO OF TOP PLAYERS IN RFID MARKET 176
9.6.2 BUSINESS STRATEGY EXCELLENCE (20 COMPANIES) 177