Radio frequency identification (RFID) Market grows at a CAGR of 22.80% in the forecast period 2022-2029.
Radio-Frequency Identification Technology (RFID) Market Share Analysis
Ø 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.
Ø RFID (radio frequency identification) market report gives explanation about what market definition, classifications, applications, engagements and market trends are and acts as a window to the RFID (radio frequency identification) market industry. The report also gives details regarding the actions of major players such as product launches, joint ventures, developments, mergers and acquisitions and respective effects in terms of sales, import, export, revenue and CAGR values for the RFID (radio frequency identification) market industry. This market report is a considerable document for every market enthusiast, policymaker, investor, and market player. Global RFID (radio frequency identification) market research report is a great source of getting information for the major happenings and industry insights which helps succeed in this competitive age.
Radio-Frequency Identification Technology (RFID) Market Scope and Market Size
The radio-frequency identification technology (RFID) market is segmented on the basis of product, tags and end-user. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Ø Tags
Ø Readers
Ø Software
On the basis of product, the radio-frequency identification technology (RFID) market is segmented into tags, readers and software.
Tags
Ø Wafer Size
Ø Tag Type
Ø Frequency
Ø Application
Ø Form Factor
Ø Material
Based on tags, the radio-frequency identification technology (RFID) market is segmented into wafer size, tag type, frequency, application, form factor and material.
End-User
Ø Industrial
Ø Transportation
Ø Retail
Ø Consumer Package Goods
Ø Healthcare
Ø Education
Ø Others
The radio-frequency identification technology (RFID) market is also segmented on the basis of end-user into industrial, transportation, retail, consumer package goods, healthcare, education and others.
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Key Players Radio-Frequency Identification Technology (RFID) Market
Ø Alien Technology, LLC (US)
Ø GAO Group Inc. (Canada)
Ø Honeywell International Inc. (US)
Ø Impinj, Inc. (US)
Ø Mobile Aspects, Inc. (US)
Ø RF Technologies, Inc. (US)
Ø Radianse (US)
Ø STID (US)
Ø STANLEY Healthcare (US)
Ø SATO HOLDINGS CORPORATION. (Japan)
Ø Motorola Solutions, Inc. (US)
Ø CAEN RFID S.r.l. (Italy)
Ø NewAge Industries, Inc. (US)
Ø IBM Corporation (US)
Ø Siemens (Germany)
Ø AMERICAN RFID SOLUTIONS, LLC (US)
Ø 3M (US)
Market Analysis & Insights: Radio-Frequency Identification Technology (RFID) Market
Ø The rise in use of the technology in manufacturing sector is escalating the growth of radio-frequency identification technology (RFID) market. Global Radio-Frequency Identification Technology (RFID) Market was valued at USD 8.1 billion in 2021 and is expected to reach USD 41.88 billion by 2029, registering a CAGR of 22.80% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Ø An international RFID (radio frequency identification) market report consists of basic, secondary, and advanced information associated with the global status, recent trends, market size, sales volume, market share, growth, future trends analysis, segment and forecasts from 2022 - 2029. This business report is prepared by taking into consideration the client’s requirements with respect to the market type, size of the organization, accessibility on-premises and the end-users’ organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. The persuasive RFID (radio frequency identification) market report supports in adjusting the production depending on the conditions of demand in the market which avoids the wastage of goods.
Ø 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.
Ø 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.
Ø Browse full report: https://www.databridgemarketresearch.com/reports/global-rfid-market
Radio-Frequency Identification Technology (RFID) Market Country Level Analysis
Ø The radio-frequency identification technology (RFID) market is analysed and market size insights and trends are provided by country, product, tags and end-user as referenced above.
Ø The countries covered in the radio-frequency identification technology (RFID) market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Ø North America dominates the radio-frequency identification technology (RFID) market because of the rise in demand for storage and tracker solution provided by the Radio-Frequency Identification (RFID) within the region.
Ø Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the surge in the size of high data generation in the region.
Ø The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream 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, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
TOC of the report
Chapter One: Introduction
Chapter Two: Market Segmentation
Chapter Three: Market Overview
Chapter Four: Executive Summary
Chapter Five: Premium Insights
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