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RFID Asset Tracking
RFID Asset Tracking
RFID (Radio-Frequency Identification) Asset Tracking is a system used to monitor and manage physical assets within an organization or across various locations using RFID technology. Here’s how it typically works:
RFID Tags: Each asset is tagged with a unique RFID tag, which contains a microchip and an antenna. These tags can be passive (powered by the RFID reader’s signal) or active (contain a battery to actively broadcast their signal).
RFID Readers: RFID readers are placed strategically throughout the facility or area where assets are being tracked. These readers emit radio waves and communicate with the RFID tags within their range.
Data Collection: As assets move within the range of RFID readers, the readers capture data from the RFID tags. This data may include unique identifiers associated with each asset, as well as information about the asset itself (such as its type, location, and status).
Database: The data collected by RFID readers is typically sent to a centralized database or software system. This database maintains real-time information about the location and status of each tracked asset.
Asset Monitoring and Management: With the data stored in the database, organizations can monitor the movement and status of their assets in real-time. This enables them to locate assets quickly, optimize asset utilization, prevent loss or theft, automate inventory management, and streamline asset maintenance processes.
RFID Asset Tracking offers several advantages over traditional asset tracking methods such as manual tracking or barcoding:
Automation: RFID systems automate the process of asset tracking, reducing the need for manual intervention and minimizing human error.
Real-Time Tracking: RFID enables real-time visibility into the location and status of assets, providing organizations with up-to-date information.
Efficiency: With RFID, asset tracking processes become more efficient, allowing organizations to save time and resources.
Accuracy: RFID technology offers high accuracy in asset identification and tracking, leading to improved inventory management and asset utilization.
Overall, RFID Asset Tracking is a valuable tool for organizations looking to efficiently manage their assets and improve operational processes.
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RFID Technology Market 2025: Report Focusing on Opportunities, Revenue & Market Driving Factors
7th September 2021 – The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year 2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others. The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years. On the other hand, the subdivision of Government is estimated to observe a considerable development in the approaching years. The subdivision of Healthcare too expected to show an important acceptance of the expertise.
Access RFID (Radio Frequency Identification) Technology Market Report with TOC @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market
The Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency. The technology of Radio Frequency functions on the lower end of the electromagnetic band and generally functions in the variety from 10 kHz to 100 MHz The operative frequencies of RFID tags and interrogators’ separated into Ultra-High Frequency [433, 860 To 960 MHz], High Frequency [13.5 MHz] and Low Frequency [125 To 134 kHz].
However, tags with high frequency grasp the major stake of income. The tag with ultra-high frequency are likely to achieve speedy acceptance in the market, in the approaching years, due to their increasing demand in the fields of wireless device configurations, inventory management and pharmaceutical applications. The ultra-high frequency instruments have surpassed the high frequency tags by means of capacity. Yet, due to the greater price of high frequency tags, they produce great income for the sellers.
The Radio Frequency Identification Technology market on the source of Type of Product could span Middleware, RFID Readers, RFID Tags. The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa. By the source of geography, North America grasps the biggest stake of market in the world. Attribute this to the significant usage of RF tags in the subdivisions of healthcare and sales. The area has highlighted an upsurge in the greater capability consignments in the current years, particularly in the U.S.A. This is region of the largest demand for tags. North America likely to develop by a strong CAGR of 14.0% above the prediction period.
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period owing to the growing demand from developing countries, such as China and India. The presence of many manufacturers and OEMs in the region is also conducive to the region’s growth. The South American region estimated to follow the Asia Pacific region in terms of growth in the coming years. Asia Pacific is projected to develop by the speedy percentage, above the prediction period, due to the increasing demand from emerging nations, for example India and China. The existence of numerous manufacturers and Original Equipment Manufacturers [OEMs] in the area is likewise advantageous to the progress of the area. The area of South America estimated to track the area of Asia Pacific by means of development in the upcoming years.
The statement revises Trades in terms of intake of RFID (Radio Frequency Identification) Technology in the market; particularly North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the international basis are Zebra Technologies, NXP Semiconductors, Alien Technologies, Smartrac, and Honeywell International.
Additional notable companies operating in the field are- Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
Request a Sample Copy of RFID (Radio Frequency Identification) Technology Market Report @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market/request-sample
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RFID Technology Market Size & Share Analysis by Type and Region, Forecast Report, 2025
7th September 2021 – The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year 2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others. The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years. On the other hand, the subdivision of Government is estimated to observe a considerable development in the approaching years. The subdivision of Healthcare too expected to show an important acceptance of the expertise.
Access RFID (Radio Frequency Identification) Technology Market Report with TOC @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market
The Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency. The technology of Radio Frequency functions on the lower end of the electromagnetic band and generally functions in the variety from 10 kHz to 100 MHz The operative frequencies of RFID tags and interrogators’ separated into Ultra-High Frequency [433, 860 To 960 MHz], High Frequency [13.5 MHz] and Low Frequency [125 To 134 kHz].
However, tags with high frequency grasp the major stake of income. The tag with ultra-high frequency are likely to achieve speedy acceptance in the market, in the approaching years, due to their increasing demand in the fields of wireless device configurations, inventory management and pharmaceutical applications. The ultra-high frequency instruments have surpassed the high frequency tags by means of capacity. Yet, due to the greater price of high frequency tags, they produce great income for the sellers.
The Radio Frequency Identification Technology market on the source of Type of Product could span Middleware, RFID Readers, RFID Tags. The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa. By the source of geography, North America grasps the biggest stake of market in the world. Attribute this to the significant usage of RF tags in the subdivisions of healthcare and sales. The area has highlighted an upsurge in the greater capability consignments in the current years, particularly in the U.S.A. This is region of the largest demand for tags. North America likely to develop by a strong CAGR of 14.0% above the prediction period.
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period owing to the growing demand from developing countries, such as China and India. The presence of many manufacturers and OEMs in the region is also conducive to the region’s growth. The South American region estimated to follow the Asia Pacific region in terms of growth in the coming years. Asia Pacific is projected to develop by the speedy percentage, above the prediction period, due to the increasing demand from emerging nations, for example India and China. The existence of numerous manufacturers and Original Equipment Manufacturers [OEMs] in the area is likewise advantageous to the progress of the area. The area of South America estimated to track the area of Asia Pacific by means of development in the upcoming years.
The statement revises Trades in terms of intake of RFID (Radio Frequency Identification) Technology in the market; particularly North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the international basis are Zebra Technologies, NXP Semiconductors, Alien Technologies, Smartrac, and Honeywell International.
Additional notable companies operating in the field are- Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
Request a Sample Copy of RFID (Radio Frequency Identification) Technology Market Report @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market/request-sample
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RFID (Radio Frequency Identification) Technology Market – Current Impact To Make Big Changes | Mojix & RFID4U
The global RFID Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year 2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others.
The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years. On the other hand, the subdivision of Government is estimated to observe a considerable development in the approaching years. The subdivision of Healthcare too expected to show an important acceptance of the expertise.
The Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency. The technology of Radio Frequency functions on the lower end of the electromagnetic band and generally functions in the variety from 10 kHz to 100 MHz The operative frequencies of RFID tags and interrogators’ separated into Ultra-High Frequency [433, 860 To 960 MHz], High Frequency [13.5 MHz] and Low Frequency [125 To 134 kHz].
However, tags with high frequency grasp the major stake of income. The tag with ultra-high frequency are likely to achieve speedy acceptance in the market, in the approaching years, due to their increasing demand in the fields of wireless device configurations, inventory management and pharmaceutical applications. The ultra-high frequency instruments has surpassed the high frequency tags by means of capacity. Yet, due to the greater price of high frequency tags, they produce great income for the sellers.
Get Exclusive Free Sample Copy Of This Report @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market/request-sample
The Radio Frequency Identification Technology market on the source of Type of Product could span Middleware, RFID Readers, RFID Tags. The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa.
By the source of geography, North America grasps the biggest stake of market in the world. Attribute this to the significant usage of RF tags in the subdivisions of healthcare and sales. The area has highlighted an upsurge in the greater capability consignments in the current years, particularly in the U.S.A. This is region of the largest demand for tags. North America likely to develop by a strong CAGR of 14.0% above the prediction period.
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period owing to the growing demand from developing countries, such as China and India. The presence of many manufacturers and OEMs in the region is also conducive to the region’s growth. The South American region estimated to follow the Asia Pacific region in terms of growth in the coming years.
Asia Pacific is projected to develop by the speedy percentage, above the prediction period, due to the increasing demand from emerging nations, for example India and China. The existence of numerous manufacturers and Original Equipment Manufacturers [OEMs] in the area is likewise advantageous to the progress of the area. The area of South America estimated to track the area of Asia Pacific by means of development in the upcoming years.
The statement revises Trades in terms of intake of RFID (Radio Frequency Identification) Technology in the market; particularly North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the international basis are Zebra Technologies, NXP Semiconductors, Alien Technologies, Smartrac, and Honeywell International.
Additional notable companies operating in the field are- Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
View Full Report with TOC @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market
Market Segment:
Product Outlook (Revenue, USD Million; 2014 - 2025)
• RFID Tags
• RFID Readers
• Middleware
Frequency Outlook (Revenue, USD Million; 2014 - 2025)
• Low Frequency
• High Frequency
• Ultra-high frequency
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Retail
• Financial Services
• Healthcare
• Industrial
• Government
• Transport & Logistics
• Others
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RFID Industry key dynamics, recent and future demand, trend, analysis upto 2026
Market Overview
Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.
Increasing adoption of IOT in the various verticals such as manufacturing, healthcare, retailers and many others is one of the major factors driving growth of the market. Increasing adoption of advanced technologies such as sensor, smart devices, robots and many more in the various verticals has positively uplifting the adoption of IOT in the various verticals, which in turn is driving the growth of the market.
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Market Dynamics
On the basis of regions, the global RFID market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global RFID market in 2017, and is expected to retain its dominance throughout the forecast period. North America accounted for the largest market share in global RFID market in 2017, owing to increasing number of cyber-threats across the various verticals such as healthcare, banking and financial, retail, manufacturing and many more, which is driving the growth of the market in this particular regions. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$ 1.33 billion worldwide, where California witnessed loss of over US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. Therefore, organisation are implementing the RFID tags in the various department in order to increase security of the data from cyber-attacks, which in turn is expected to fuel growth of the market in this particular regions.
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The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. The key players of the market such as Alien Technologies, Honeywell International, Inc and among others adopted the new product development strategy in order to gain the competitive edge in the market.
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#Witanworld - RFID – About Radio Frequency Identification and Its Future
https://witanworld.com/article/2020/07/08/rfid-about-radio-frequency-identification-and-its-future/
#ActiveRFID #ActiveSecurityProtection #Alien #Applications #AssetSecurity #AveryDennison #Checkpoint #Frequency #Impinj #OmniId #Orbcomm #PassiveRFID #PhysicalSecurity #RadioFrequencyIdentification #RFID #RFIDAntenna #RFIDCables #RFIDDevelopmentKit #RFIDEquipment #RFIDFutureTrends #RFIDImplementation #RFIDIndustry #RFIDReaders #RFIDSystems #RFIDTags #RFIDTypes #RFID4U #Security #SmartIdentification #Tibco #Wavetrend #Zebra
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The global radio frequency identification technology market size is estimated to reach USD 40.5 billion by 2025, expanding at a CAGR of 14.7%, according to a new report by Grand View Research, Inc.
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The industry is expected to witness a steady growth owing to the increasing demand from the retail sector and the healthcare industry.
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RFID Market to Witness Unprecedented Growth By 2026
Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses.
Download PDF Brochure @ https://www.coherentmarketinsights.com/insight/request-pdf/1739
Global RFID Market: Regional Insights
On the basis of regions, the global RFID market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global RFID market in 2017, and is expected to retain its dominance throughout the forecast period. North America accounted for the largest market share in global RFID market in 2017, owing to increasing number of cyber-threats across the various verticals such as healthcare, banking and financial, retail, manufacturing and many more, which is driving the growth of the market in this particular regions. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$ 1.33 billion worldwide, where California witnessed loss of over US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. Therefore, organisation are implementing the RFID tags in the various department in order to increase security of the data from cyber-attacks, which in turn is expected to fuel growth of the market in this particular regions.
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Global RFID Market: Competitive Landscape
The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc.
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RFID Asset Tracking Software benefits
RFID asset tracking software utilizes radio frequency identification technology to monitor and manage assets efficiently. It enables real-time tracking, location identification, and inventory management of assets equipped with RFID tags. This software offers features like inventory visibility, asset utilization analytics, automated data capture, and integration with existing systems like ERP or CMMS. It enhances operational efficiency, reduces manual errors, and streamlines asset management processes across various industries.
#rfid#rfid antenna#rfid reader#rfid solutions#rfid technology#artificial intelligence#rfid4u#machine learning
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Global RFID (Radio Frequency Identification) Technology Market By End User, By Region 2020 | Overview, Growth, Economics, Demand And Forecast Research Report To 2025
3 April 2020: Global RFID (Radio Frequency Identification) Technology Market Research Report includes In-depth Analysis of industry by recent technologies, trends, opportunities, challenges, key players and business strategies considering types, segment, and future analysis. The RFID (Radio Frequency Identification) Technology Market Report Provides Growth History, Sales Channel, Manufacturers Profiled in RFID (Radio Frequency Identification) Technology Business, Market Share of Product, Application and Regional Scope of RFID (Radio Frequency Identification) Technology which makes the research report a helpful resource for marketing people, forecasters, industry executives & consultants, sales, product managers, Strategy Advisor, potential investors to understand the present as well as future market size, situations in terms of growth rate and revenue. This report will help the viewer in Better Decision Making.
The key players profiled in the RFID (Radio Frequency Identification) Technology market report are Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
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The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year 2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others. The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years.
This report studies the global RFID (Radio Frequency Identification) Technology market status and forecast, categorizes the global RFID (Radio Frequency Identification) Technology market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
This research report offers a comprehensive analysis of key elements of the RFID (Radio Frequency Identification) Technology Market such as potential top key Manufacturers along with their strengths and weaknesses. The RFID (Radio Frequency Identification) Technology Market report also comprises some useful strategies and scenario for the new players in the market. While forecasting the growth of the global RFID (Radio Frequency Identification) Technology market, various statistical tools were utilized to get an accurate result of the Demographic data.
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Table of Contents
Chapter 1 RFID (Radio Frequency Identification) Technology Market Overview
1.1 RFID (Radio Frequency Identification) Technology Definition
1.2 RFID (Radio Frequency Identification) Technology Market Size Status and Outlook (2013-2028)
1.3 Global RFID (Radio Frequency Identification) Technology Market Size Comparison by Region (2013-2028)
1.4 Global RFID (Radio Frequency Identification) Technology Market Size Comparison by Type (2013-2028)
1.5 Global RFID (Radio Frequency Identification) Technology Market Size Comparison by Application (2013-2028)
1.6 Global RFID (Radio Frequency Identification) Technology Market Size Comparison by Sales Channel (2013-2028)
1.7 RFID (Radio Frequency Identification) Technology Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 RFID (Radio Frequency Identification) Technology Market Segment Analysis by Player
Chapter 3 RFID (Radio Frequency Identification) Technology Market Segment Analysis by Type
And Continue…
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Radio Frequency Identification Technology Market Investment Feasibility and Industry Overview for Business Development Till 2025
12 June 2019: The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year 2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others.
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https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market/request-sample
The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years. On the other hand, the subdivision of Government is estimated to observe a considerable development in the approaching years. The subdivision of Healthcare too expected to show an important acceptance of the expertise.
The Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency. The technology of Radio Frequency functions on the lower end of the electromagnetic band and generally functions in the variety from 10 kHz to 100 MHz The operative frequencies of RFID tags and interrogators’ separated into Ultra-High Frequency [433, 860 To 960 MHz], High Frequency [13.5 MHz] and Low Frequency [125 To 134 kHz].
However, tags with high frequency grasp the major stake of income. The tag with ultra-high frequency are likely to achieve speedy acceptance in the market, in the approaching years, due to their increasing demand in the fields of wireless device configurations, inventory management and pharmaceutical applications. The ultra-high frequency instruments has surpassed the high frequency tags by means of capacity. Yet, due to the greater price of high frequency tags, they produce great income for the sellers.
The Radio Frequency Identification Technology market on the source of Type of Product could span Middleware, RFID Readers, RFID Tags. The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa.
By the source of geography, North America grasps the biggest stake of market in the world. Attribute this to the significant usage of RF tags in the subdivisions of healthcare and sales. The area has highlighted an upsurge in the greater capability consignments in the current years, particularly in the U.S.A. This is region of the largest demand for tags. North America likely to develop by a strong CAGR of 14.0% above the prediction period.
Browse Full Research Report with TOC@
https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period owing to the growing demand from developing countries, such as China and India. The presence of many manufacturers and OEMs in the region is also conducive to the region’s growth. The South American region estimated to follow the Asia Pacific region in terms of growth in the coming years.
Asia Pacific is projected to develop by the speedy percentage, above the prediction period, due to the increasing demand from emerging nations, for example India and China. The existence of numerous manufacturers and Original Equipment Manufacturers [OEMs] in the area is likewise advantageous to the progress of the area. The area of South America estimated to track the area of Asia Pacific by means of development in the upcoming years.
The statement revises Trades in terms of intake of RFID (Radio Frequency Identification) Technology in the market; particularly North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the international basis are Zebra Technologies, NXP Semiconductors, Alien Technologies, Smartrac, and Honeywell International.
Additional notable companies operating in the field are- Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
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RFID Market Analysis By Geography, Competitors, Trends and Demands To 2026
Radio Frequency Identification (RFID) is a form of wireless communication, which uses tags in order to track the details of the objects. The benefits offered by the RFID to organisation are eliminating the human error, securing the data from unauthorized access, and minimizing overhead expenses. Increasing adoption of advanced technologies such as Real Time Location Systems (RTLS), sensor networks, Internet of Things (IoT), radio frequency identification devices (RFID) help in increasing the security of the data from the cyber threat. This features help in controlling the data loss and securing the data from unauthorised access. Hence, this factor will positively help in fuelling the growth of the market.
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Increasing adoption of Internet of Things (IoT) is one of the major factor driving growth of the market.
Increasing adoption of IOT in the various verticals such as manufacturing, healthcare, retailers and many others is one of the major factors driving growth of the market. Increasing adoption of advanced technologies such as sensor, smart devices, robots and many more in the various verticals has positively uplifting the adoption of IOT in the various verticals, which in turn is driving the growth of the market. For instance, according to the Coherent Market Insights, in 2016, number of IoT connected device were US$ 17.69 billion and it is grown up to US$ 20.38 billion in 2017, worldwide. Increasing focus of the various verticals towards increasing the profit by controlling the wastage of resources is increasing the adoption of IOT among verticals.
As in the IOT environment the components are required in order to perform communication between the devices and objects. Thus, objects are augmented with the RFID tags in order to allow the object to communicate information such that organisation will able to utilize those information in the decision making for increasing the performance of the organisation. RFID helps organizations to increase profit by controlling cost, resources and time by providing the real time traceability, identification, communication, and locations about the resources and people. Therefore, these factors are expected to propel growth of the RFID market size.
Cloud-based RFID tags provide growth opportunity to the market
Increasing adoption of cloud services and solutions by the organization is expected to provide a growth opportunity to the market. Enterprises are adopting cloud-based applications at a large scale, which in turn increase the cloud traffic. For instance, according to Coherent Market Insights’ analysis, global cloud IP traffic is expected to reach 14 ZB by the end of 2020, up from 4 ZB per in 2015. Moreover, adoption of cloud based RFID software will help enterprises to reduce the cost of infrastructure and minimize complexity in managing access controls and compliance for users by preventing data breach issues. Since, the organisation managing their work over the cloud will positively increases the demand of cloud based solutions. Hence, this factor will positively help increasing the demand of the cloud based RFID tags which in turn providing a growth opportunity to the market.
Lack of awareness among the enterprises about the RFID technology is one of the major challenges for hampering the growth of the market.
Lack of awareness among the enterprises is one of the major challenges restraining growth of the market. Since, the benefit of RFID solutions are not known by the SMEs, it will negatively impact growth of the market. Moreover, implementation cost of the RFID is high, which in turn restrict the SMEs for adopting the RFID solutions in the Enterprises.
Global RFID Market: Regional Insights
On the basis of regions, the global RFID market is segmented in to North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held a dominant position in the global RFID market in 2017, and is expected to retain its dominance throughout the forecast period. North America accounted for the largest market share in global RFID market in 2017, owing to increasing number of cyber-threats across the various verticals such as healthcare, banking and financial, retail, manufacturing and many more, which is driving the growth of the market in this particular regions. For instance, according to the Internet Crime Complaint Center (IC3), in 2016, cybercrimes were valued at over US$ 1.33 billion worldwide, where California witnessed loss of over US$ 255 million. Moreover, in 2016, about 28% of web application attacks were recorded in the U.S., followed by the Netherlands and Germany. Therefore, organisation are implementing the RFID tags in the various department in order to increase security of the data from cyber-attacks, which in turn is expected to fuel growth of the market in this particular regions.
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Global RFID Market: Competitive Landscape
The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc. The key players of the market such as Alien Technologies, Honeywell International, Inc and among others adopted the new product development strategy in order to gain the competitive edge in the market. For instance, in April 2014, Alien Technology, industry leader of the Radio Frequency Identification (RFID) Ultra High Frequency (UHF) products and services introduced the two UHF Passive RFID Tags for the Consumer Electronics applications. The major benefits offered by these tags are less power consumption and small size, which in turn helps in increasing the performance of the applications. Thus, introduction of new product is expected to provide growth opportunities to market players by increasing the offerings for the customer.
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RFID (Radio Frequency Identification) Technology Market Key Players | Applications and Types
The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period. The market was appreciated by US$ 10.53 billion in the year2015. The RFID technology likely to observe a stable development in the approaching years. It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source. Such as the world, changes in the direction of Real Time Location Systems [RTLS], grids of sensor and Internet of Things [IoT], radio frequency identification instruments expected to perform more and more significant part in taking advantage of this expertise.
The RFID Technology market is estimated to develop at a CAGR of 14.7% for the duration of the prediction. The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others.
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The subdivision of Retail is the biggest adopter of RFID tags. It tracked by the subdivision of industrialized. The subdivision of Retail projected to develop by a CAGR of 12.6%, in North America, during the period of approaching years. On the other hand, the subdivision of Government is estimated to observe a considerable development in the approaching years. The subdivision of Healthcare too expected to show an important acceptance of the expertise.
The Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency. The technology of Radio Frequency functions on the lower end of the electromagnetic band and generally functions in the variety from 10 kHz to 100 MHz The operative frequencies of RFID tags and interrogators’ separated into Ultra-High Frequency [433, 860 To 960 MHz], High Frequency [13.5 MHz] and Low Frequency [125 To 134 kHz].
However, tags with high frequency grasp the major stake of income. The tag with ultra-high frequency are likely to achieve speedy acceptance in the market, in the approaching years, due to their increasing demand in the fields of wireless device configurations, inventory management and pharmaceutical applications. The ultra-high frequency instruments has surpassed the high frequency tags by means of capacity. Yet, due to the greater price of high frequency tags, they produce great income for the sellers.
The Radio Frequency Identification Technology market on the source of Type of Product could span Middleware, RFID Readers, RFID Tags. The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa.
By the source of geography, North America grasps the biggest stake of market in the world. Attribute this to the significant usage of RF tags in the subdivisions of healthcare and sales. The area has highlighted an upsurge in the greater capability consignments in the current years, particularly in the U.S.A. This is region of the largest demand for tags. North America likely to develop by a strong CAGR of 14.0% above the prediction period.
The Asia Pacific region is estimated to grow at the fastest rate over the forecast period owing to the growing demand from developing countries, such as China and India. The presence of many manufacturers and OEMs in the region is also conducive to the region’s growth. The South American region estimated to follow the Asia Pacific region in terms of growth in the coming years.
Asia Pacific is projected to develop by the speedy percentage, above the prediction period, due to the increasing demand from emerging nations, for example India and China. The existence of numerous manufacturers and Original Equipment Manufacturers [OEMs] in the area is likewise advantageous to the progress of the area. The area of South America estimated to track the area of Asia Pacific by means of development in the upcoming years.
The statement revises Trades in terms of intake of RFID (Radio Frequency Identification) Technology in the market; particularly North America, Europe, Asia Pacific, South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on the international basis are Zebra Technologies, NXP Semiconductors, Alien Technologies, Smartrac, and Honeywell International.
Additional notable companies operating in the field are- Acreo Swedish, Mojix, RFID4U, Impinj Inc., Tibco Software, Checkpoint Systems, Savi Technology, Motorola Solutions, Invengo Technology Pte. Ltd. Applied Wireless RFID, and Avery Dennison.
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Market Segment:
Product Outlook (Revenue, USD Million; 2014 - 2025)
• RFID Tags
• RFID Readers
• Middleware
Frequency Outlook (Revenue, USD Million; 2014 - 2025)
• Low Frequency
• High Frequency
• Ultra-high frequency
Application Outlook (Revenue, USD Million; 2014 - 2025)
• Retail
• Financial Services
• Healthcare
• Industrial
• Government
• Transport & Logistics
• Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• Asia Pacific
• China
• Japan
• India
• South America
• Brazil
• Middle East & Africa (MEA)
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