Report Synopsis
The growth of the RFID market is predominantly driven by the rising need for efficient supply chain management in the developing economies of China, South East Asia & others in Asia, Middle East & Africa. In Logistics & Transportation and Healthcare & Medical sectors, the focus on RFID technology for the tracking and classification of travel & shipping and medical instruments is rising, and this is expected to drive the demand for the technology.
RFID Tags remain the largest product component within the RFID market, reaching a projected US$17 billion by 2024 from an estimated US$8.2 billion in 2018, during the 2018-2024 analysis period. Asia-Pacific region is anticipated the fastest growing market with a rapid CAGR of 16.3% over same period.
Research Findings & Coverage
- The global report on RFID analyzes the global market with respect to components, frequencies and applications
- RFID market size is estimated in this report by product component, frequency and application across all major countries
- The rising need of efficient supply chain management in emerging nations drives the RFID market growth
- Application of RFID Tags in Retail Sector to Take a Surge
- Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
- Major companies profiled – 47
- The industry guide includes the contact details for 295 companies
Product Outline
The report analyzes the market for the following key product components of RFID:
- Tags
- Readers
- Middleware & Software
The market for RFID studied in this report by frequency comprise the following:
- Low Frequency
- High Frequency
- Ultra-High Frequency
The market for major applications of RFID explored in this report include the following:
- Automotive
- Financial Services
- Healthcare & Medical
- Logistics & Transportation
- Agriculture
- Farming & Livestock
- Manufacturing
- Retail
- Other
Analysis Period, Units and Growth Rates
- The report reviews, analyzes and projects the global RFID market for the period 2015-2024 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2018 through 2024
Geographic Coverage
- North America (United States, Canada and Mexico)
- Europe (Germany, the United Kingdom, France, Italy and Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
- South America (Brazil, Argentina and Rest of South America)
- Rest of World