The Radio Frequency Identification RFID Market

The technology for conveying data from an electronic tag using radio waves is called as RFID. The term RFID is the abbreviation of Radio Frequency Identification. It is primarily an electronic label or tag affixed with the products, this electronic tag is capable of being read through a reader in order to track or identify the product. Over the past few years this industry has enhanced its standards by eliminating majority of the technological glitches which has led to make this industry potential of catering the interoperable requirements. Decrease in the cost of the radio frequency identification hardware and the rising adoption in the grocery stores/supermarkets is projected to spur the radio frequency identification market growth in the forecast period. Rising awareness of RFID tags in several industries is expected to enhance the market share size. The increasing number of products and the incorporation of advanced technology to increase the efficiency and productivity in the retail sector are the key drivers of the market. In addition, the rising smart stores are accelerating the radio frequency identification market growth. Rising usage of RFID tags in the supply management of the food and beverage sector is fueling the demand for the radio frequency identification systems in the market. Increasing development of the universal scanners to scan the microchips is further improving its popularity among several industries which is estimated to expand its market share size. RFID tags enable the accessibility of the information from the microchip if the compatible reader is used for it. Besides The RFID tags require to be frequently updated to increase the reliability of the whole system which can limit the market growth.

Furthermore, various businesses and offices globally have resumed their operations after the COVID-19-induced lockdowns were lifted. Anyhow, governments have mandated such companies to maintain social distancing and less number of employees. If the rules are not followed, a single case of COVID-19 can possibly lead to the shutdown of complete facility and need decontamination before restarting the operations. To prevent such a situation, large companies are undertaking several precautionary measures, along with contact-tracing solutions. To capitalize on the rising need for contact-tracing solutions, various RFID solutions providers have been launching new products or improving existing products to suit the requirements of their customers during the COVID-19 pandemic which is key opportunity for the market.

The global Radio Frequency Identification (RFID) Market is segregated on the basis of Product Type as Tags, Readers and Software and Services. Based on Tag Type the global Radio Frequency Identification (RFID) Market is segmented in Active Tags and Passive Tags. Based on Application the global Radio Frequency Identification (RFID) Market is segmented in Animal Tracking/Agriculture, Commercial, Transportation, Logistics and Supply Chain, Retail and Others.

The global Radio Frequency Identification (RFID) Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Radio Frequency Identification (RFID) Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Impinj, NXP Semiconductors, Alien Technology, Avery Dennison, Smatrac and others are among the major players in the global Radio Frequency Identification (RFID) Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In September 2020, Avery Dennison launched the AD-332u8 RAIN RFID inlay which standout in high density, close proximity conditions and can be used for inventory precision (item-level tagging) and supply chain management. AD-332u8 inlays are installed with UCODE 8 chips from NXP, featuring 128 bits of EPC memory and a 96-bit Tag IDentifier (TID) with a 48-bit distinct serial number factory-encoded into the TID. The new RAIN RFID inlay measures 70 x 14.5mm—the market’s smallest product which meets ARC category H specifications.
• In September 2020, Avery Dennison introduced its dual-technology AD-362r6-P inlay which integrates item-level tracking and digital ID abilities of a high-performance RAIN RFID (UHF) tag. This tag is suitable for a wide array of retail apparel products and applications with the secondary loss prevention functionality of an EAS tag. AD-362r6-P inlays are a distinct dual-technology design including a UHF RFID inlay and electronic article surveillance (EAS) tag in a single die-cut label.

The global Radio Frequency Identification (RFID) Market has been segmented as below:

Radio Frequency Identification (RFID) Market, By Product Type

• Tags
• Readers
• Software and Services

Radio Frequency Identification (RFID) Market, By Tag Type

• Active Tags
• Passive Tags

Radio Frequency Identification (RFID) Market, By Application

• Animal Tracking/Agriculture
• Commercial
• Transportation
• Logistics and Supply Chain
• Retail
• Others

Radio Frequency Identification (RFID) Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Radio Frequency Identification (RFID) Market, By Company

• Impinj
• NXP Semiconductors
• Alien Technology
• Avery Dennison
• Smatrac
• Invengo
• Checkpoint Systems
• Mojix
• GAO RFID
• Nedap
• Zebra Technologies
• GlobeRanger
• HID Global
• Applied Wireless
• CAEN RFID
• Honeywell
• Thing Magic
• Identiv
• SAG
• Omni-ID
• Vizinex RFID
• Savi Technology

The report covers the below scope:

• Global Radio Frequency Identification (RFID) Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Radio Frequency Identification (RFID) Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Radio Frequency Identification (RFID) Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Radio Frequency Identification (RFID) Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Radio Frequency Identification (RFID) Market share. Major industry players with significant revenue share include Impinj, NXP Semiconductors, Alien Technology, Avery Dennison, Smatrac and others.

Why to Buy this Report:

• Gain detailed insights on the Radio Frequency Identification (RFID) industry trends
• Find complete analysis on the market status
• Identify the Radio Frequency Identification (RFID) Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement

1.      Introduction

1.1.       Key Points

1.2.      Report Description

1.3.      Markets Covered

1.4.      Stakeholders

2.     Research Methodology

2.1.      Research Scope

2.2.     Research Methodology

2.2.1.     Market Research Process

2.2.2.    Research Methodology

2.2.2.1.           Secondary Research

2.2.2.2.          Primary Research

2.2.2.3.          Models for Estimation

2.3.     Market Size Estimation

2.3.1.     Bottom-Up Approach

2.3.2.    Top-Down Approach

3.     Executive Summary

4.    Market Overview

4.1.      Introduction

4.2.     Drivers

4.3.     Restraints

4.4.     Opportunities

4.5.     Challenges

5.     Radio Frequency Identification (RFID) Market, By Product Type

5.1.      Key Points

5.2.  Tags

5.3.  Readers

5.4.  Software and Services

6.    Radio Frequency Identification (RFID) Market, By Tag Type

6.1.      Key Points

6.2. Active Tags

6.3. Passive Tags

7.     Radio Frequency Identification (RFID) Market, By Application

7.1.      Key Points

7.2.  Animal Tracking/Agriculture

7.3.  Commercial

7.4.  Transportation

7.5.  Logistics and Supply Chain

7.6.  Retail

7.7.  Others

8.    Competitive Landscape

8.1.      Introduction

8.2.     Start-up companies- Radio Frequency Identification (RFID) Market

8.3.     Recent Developments

8.3.1.     Mergers & Acquisitions

8.3.2.    New Product Developments

8.3.3.    Portfolio/Production Capacity Expansions

8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements

8.3.5.    Others

9.    Company Profile

9.1.  Impinj

9.2. NXP Semiconductors

9.3. Alien Technology

9.4. Avery Dennison

9.5.  Smatrac

9.6. Invengo

9.7.  Checkpoint Systems

9.8. Mojix

9.9. GAO RFID

9.10.    Nedap

9.11.      Zebra Technologies

9.12.    GlobeRanger

9.13.     HID Global

9.14.    Applied Wireless

9.15.     CAEN RFID

9.16.    Honeywell

9.17.     Thing Magic

9.18.    Identiv

9.19.    SAG

9.20.   Omni-ID

9.21.    Vizinex RFID

9.22.   Savi Technology