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Global RFID Market Analysis 2019 Observational Studies with Top Companies like martarc N.V. and CCL Industries Inc., Alien Technology, LLC

Global RFID Market

Global RFID Market report is a great source of information about the ABC industry, important facts and figures, expert opinions, and the most recent developments across the globe. Such perfect and comprehensive market report brings into focus primary and secondary drivers, market share, leading segments, possible sales volume, and geographical analysis. The report contains reviews about key players in the market, major collaborations, merger and acquisitions along with trending innovation and business policies. Global RFID Market is expected to reach USD 44,351.6 million by 2024 from USD 13,378.7 million in 2016, at a CAGR of 16.3% in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global RFID Market, By Product Type (Tags, Readers, Software), By End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, Others) By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2024

Market research analysis and insights displayed in this Global RFID Market report are very thoughtful for the businesses to make enhanced decisions, to build up better strategies about production, marketing, sales and promotion of a particular product. This market report also takes into consideration several major factors such as revenue, cost, gross and gross margin while analysing market data. Various markets at local, regional and international level are thought of in this Global RFID Market report. All this helps in extending their reach towards the success. The use of advanced tools and techniques applied for this report makes it the premium in the class. By understanding client’s needs precisely, this report merges business and product information for the sustainable growth in the market.

The major factors driving the growth of this market are increase demand of RFID Technology in retail industry, enforced laws for labelling animals, increasing use of security and access control application and increasing installation of RFID in manufacturing units and for productivity improvement. On the other hand, high cost of RFID and device interoperability may hinder the growth of the market.

Market Segmentation: 

The global RFID market is segmented on the basis of products, end user and geography. The global RFID-market is segmented into tags, readers and software tools. In 2017, the tags segment is expected to dominate the market with a share of 56.5% and is expected to continue this trend till 2024.

Based on end user, the global RFID-Market is segmented into industrial, transportation, retail, consumer package goods, healthcare, education and others. 

Drivers: Global RFID Market 

Some of the major factors driving the market for RFID market are increase demand of RFID technology in retail industry and enforced laws for labelling animals. These factors increase the demand for RFID market. Increasing installation of RFID in manufacturing units and for productivity improvement and increasing use of security and access control application are the other major factors driving the growth of the non-destructive testing equipment market 

RISING DEMAND OF RFID TECHNOLOGY IN RETAIL INDUSTRY 

RFID tags usage in animals has been considered as one of the oldest method use in the rough terrain and large ranges, especially in the outbreak of mad cow disease. RFID tags are important in animal industry to manage exotic and endangered animals for preserves. Tagging of animals in livestock industry helps the farmers to identify animals with respect to its pedigree and medical information. 

Key Drivers: Global RFID Market

Some of the major factors driving the market for RFID market are increase demand of RFID technology in retail industry and enforced laws for labelling animals. These factors increase the demand for RFID market. Increasing installation of RFID in manufacturing units and for productivity improvement and increasing use of security and access control application are the other major factors driving the growth of the non-destructive testing equipment market

  • High cost of RFID and device interoperability are the factor which may hinder the growth of this market
  • Many companies are increasingly focusing on variability in the RFID tag with sensors and IOT based RFID labelling in order to strengthen their product portfolios in the RFID market. 

Key Points: Global RFID Market

GlobeRanger is going to dominate the RFID market following with Smartarc N.V. and CCL Industries Inc. along with others such as Alien Technology, LLC, AWID, CAEN RFID S.r.l, GAO RFID Inc., Impinj, Inc., Invengo Technology Pte. Ltd., Mojix, Inc., Nedap N.V., ThingMagic, Honeywell International Inc., and ZIH Corp. among others.

  • Tags market is growing with the highest CAGR
  • Plastic material are driving the market with highest market share
  • Industrial are dominating the RFID market

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FAVOURABLE LAWS FOR LABELLING LIVESTOCK 

Non-destructive equipment is majorly found in the end user industries. Therefore, government are making stringent rules and regulation regarding quality control and personnel safety. Instances such as leakages in nuclear reactors, explosions of pipelines and refinery blasts had made the government to set up the safety guidelines, as a result, leads to drive the NDT equipment market. 

GROWTH IN THE USAGE OF RFID IN SECURITY AND ACCESS CONTROL APPLICATION

RFID are beneficial with the respect to profitability, safety and security enhancement, reusability and reliability. RFID tags are used with respect of personal identification task as it can be engineered by tampered resistant, and has some cryptographic algorithm’s internal state. RFID tags helps in letting the specific person enter into the specific area. 

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Top Companies are:-

  • Alien Technology,
  • LLC,
  • AWID,
  • CAEN RFID S.r.l,
  • CCL Industries Inc.,
  • GAO RFID Inc.,
  • Globe Ranger,
  • Impinj Inc.,
  • Invengo Technology Pvt. Ltd.,
  • Mojix Inc.,
  • Nedap N.V.,
  • SMARTRAC N.V,
  • ThingMagic,
  • Honeywell International Inc., and
  • ZIH Corp. among others.

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