Press Release / Business / Radio-Frequency Identification Market Status, Revenue, Growth Rate, Services and Solutions- Forecast to 2023

Radio-Frequency Identification Market Status, Revenue, Growth Rate, Services and Solutions- Forecast to 2023

Market Scenario:

Radio-Frequency Identification (RFID) are the radio waves that are utilized for reading and capturing the information that is stored on a tag attached to an object. These tags are used to store the product information electronically and also can be analyzed the object from distance. RFID can be used in manufacturing, logistics and warehousing, where keeping track of the inventory and assets is of prime importance as they found a significant improvement in the overall quality of data entry. It also facilitates to gather the location data with the help of RTLS to pinpoint an exact location and the identity of assets.

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The study indicates that the Radio-Frequency Identification (RFID) market is boosted by the uses of electromagnetic fields that automatically identify and track tags attached to objects. The tags contains the information that can collect the information digitally in the form of a serial number, price, or count. Also, with the help of these tags, the data can be easily recorded and recognized. Increasing use of RFID tags in supply chain management and in the healthcare sector anticipated to boost segmental revenue growth in the global RFID market

The global Radio-Frequency Identification (RFID) market is expected to grow at USD ~$31.8 Billion by 2023, at ~15.6% of CAGR between 2017 and 2023. 

Key Players

The prominent players in the Radio-Frequency Identification (RFID) Market are: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), : Impinj Inc. (US), Ascendent ID (U.S), ), Checkpointt System Inc. (U.S),  and Avery Dennison Corporations (US), among others.

Regional Analysis:

The regional analysis of Radio-Frequency Identification (RFID) market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. Radio frequency identification provides solutions such as storage, simple management & monitoring, real-time backup recovery, data de-duplication, customer support and many others services that brings the attention to these application.

North America region accounts for the largest market share, followed by Europe and Asia-Pacific region. The study reveals that Europe region is showing a rapid growth due to its storage and tracker solution by the Radio-Frequency Identification (RFID). Asia-Pacific countries like China, Japan and India is projected to be the fastest growing region in the Radio-Frequency Identification (RFID) market due to the increasing size of high data generation in many countries.

Segments:

The global Radio-Frequency Identification (RFID) market has been segmented on the basis of product type, wafer size, components, frequency, end users and region.

Radio-Frequency Identification (RFID) Market by Product Type:

Tags
Reader
Software
Others
Radio-Frequency Identification (RFID) Market by Wafer size:

200mm
300mm
450mm
Others
Radio-Frequency Identification (RFID) Market by Components:

Passive RFID
Active RFID
Others
Radio-Frequency Identification (RFID) Market by Frequency:

Low Frequency
High Frequency
Ultra-high Frequency
Active Ultra-High Frequency
Radio-Frequency Identification (RFID) Market by End- Users:

BFSI
Animal Tracking/Agriculture
Commercial
Transportation
Healthcare
Logistics and Supply Chain
Aerospace
Defense
Retail
Security and Access Control
Sports
Others
Intended Audience

Software investors
Security solution vendors
RFID service providers
Value-added Resellers
Distributers
Investors and Venture Capitalist
Security Management Service Provider
Security Equipment Providers
Security Agencies
System Integrators
Research/Consultancy firms
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LIST OF TABLES

TABLE 1 RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY PRODUCT TYPE

TABLE 2 RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY COMPONENTS

TABLE 3 RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY WAFER SIZE

TABLE 4 RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY END-USER

TABLE 5 RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY REGIONS

TABLE 6 NORTH AMERICA RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY PRODUCT TYPE

TABLE 7 NORTH AMERICA RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY COMPONENTS

TABLE 8 NORTH AMERICA RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY WAFER SIZE

TABLE 9 NORTH AMERICA RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY END USER

TABLE 10 NORTH AMERICA RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY REGION

TABLE 11 U.S. RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY PRODUCT TYPE

TABLE 12 U.S. RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY COMPONENTS

TABLE 13 U.S. RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY WAFER SIZE

TABLE 14 U.S. RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY END-USER

TABLE 15 EUROPE RADIO-FREQUENCY IDENTIFICATION (RFID) MARKET, BY PRODUCT TYPE

Continued…

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