Global RFID Tags Market is valued approximately at USD 321.7 million in 2018 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2019-2026. Radio Frequency Identification (RFID) is a type of wireless communication technology that uses radio waves to track and identify objects. RFID tracks and identifies information using low range radio waves transmitted from a small specialized tag to a nearby reader which helps to collect data. RFID are deployed mostly in retail sector, which help to find its application as remote scanners for detecting RFID tags on the different products labels. The rising need for tracking inventory & equipment in business has led the growth of this market over the forecast period of 2019-2026.
The regional analysis of global RFID Tags Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world as RFID tags have found application in several operational processes across the U.S. industrial landscape. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as rising number of end-use industries with the need of access management technologies would create lucrative growth prospects for the RFID Tags Market across Asia-Pacific region.
Major market player included in this report are:
- Invengo Information Technology Co., Ltd.
- AMS AG
- NXP Semiconductors N.V.
- RF Code
- Alien Technology
- Confidex Ltd.
- HID USA Corporation
- Impinj Inc.
- Atmel Corp
- Omni- ID Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Active RFID
- Passive RFID
- Logistics and Transportation
- Surveillance and Security
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016-,2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global RFID Tags Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers