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RFID Market 2017 – Global Forecast to 2023 – Increasing Installation of RFID in Manufacturing Units for Productivity Improvement




The radio-frequency identification (RFID) market is expected to be valued at USD 31.42 Billion by 2023, growing at a CAGR of 7.7% between 2017 and 2023

The growth of this market is fueled by the increasing installation of RFID in manufacturing units for productivity improvement; increased usage of security & access control application; increasing government initiatives; high adoption of RFID technology in retail industry; and development in the RFID ecosystem through organic growth strategies such as mergers and acquisitions, and collaborations.

Among all products in the RFID system, the market for RFID tags is expected to grow at the highest CAGR between 2017 and 2023. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the market, which in turn will lead to further innovations in the RFID systems.

The RFID market for passive tags is expected to grow at a high rate between 2017 and 2023. Owing to factors such as small size, low cost and long lifetime, passive tags are expected to gain more traction than active tags. Demand for passive UHF RFID tags have also seen a large adoption after the evolution of RAIN RFID alliance. With members such as AIDC industry association AIM Global, Google, Impinj, Intel and SMARTRAC, the alliance has effectively worked on spreading the awareness among the end users and potential customers

Ultra-high frequency (UHF) RFID tags enable multiple tag reading that means user can read more RFID tags in one go, which is not supported by LF and HF. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. UHF RFID is currently the only type of RFID to be regulated by a single global standard.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 RFID Market By Products

7 RFID Market By Tags

8 RFID Market, By Region

9 Competitive Landscape

10 Company Profiles

  • Alien Technology (US)
  • Applied Wireless (US)
  • Avery Dennison (US)
  • Caen RFID (Italy)
  • Checkpoint Systems (US)
  • Confidex (Finland)
  • GAO RFID (US)
  • Globeranger (US)
  • HID Global (US)
  • Honeywell (US)
  • Identiv (US)
  • Impinj (US)
  • Invengo (Singapore)
  • Mojix (US)
  • NXP Semiconductors (Netherlands)
  • Nedap (Netherlands)
  • Omni-ID (US)
  • RFID Global Solution (US)
  • SAG (US)
  • Savi Technology (US)
  • Smartrac (Netherlands)
  • Thing Magic (US)
  • Trackx (US)
  • Vizinex RFID (US)
  • Zebra Technologies (US)

For more information about this report visit https://www.researchandmarkets.com/research/4knwj6/rfid_market_by

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SOURCE Research and Markets

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