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GLOBAL RADIO FREQUENCY IDENTIFICATION (RFID) MARKET: TRANSFORMING THE HEALTHCARE
INDUSTRY

May 20, 2019 05:27 ET | Source: Energias Market Research Follow Energias Market
Research

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NEW YORK, May 20, 2019 (GLOBE NEWSWIRE) -- The global RFID market is projected
to reach USD 27.56 billion by 2025, witnessing a CAGR of 6.8% during the
forecast period. Growing demand for security and access control applications,
rapid adoption of RFID technology in the retail sector, and emergence of
internet of things (IoT), are the factors primarily driving the market growth.
In addition, increasing technological advancement has led to the integration of
RFID with GPS and IoT, which is expected to create significant opportunities for
the market.


Radio frequency identification (RFID) is a wireless technology used to track and
identify information using low-range radio waves transmitted from a small
specialized tag to a nearby reader which collects the data. The RFID devices are
extensively deployed in the retail sector and find its application as remote
scanners for detecting RFID tags on the labels of different products.
Furthermore, radio frequency identification offers various solutions such as
storage, real-time backup recovery, ease of management & monitoring, elimination
of data redundancy, and customer support, among others.

Key findings of the report:

 * The global radio frequency identification (RFID) market is expected to reach
   USD 27.56 Billion by 2025, at a CAGR of 6.8%
   
   
 * Based on Type, passive RFID dominated the market in 2018, and is projected to
   retain its dominance over the forecast period. Disposability of passive RFID
   along with cost effectiveness are making them more appropriate to use across
   many end-use industries.
   
   
 * On the basis of product type, the RFID tags segment is anticipated to grow at
   the highest CAGR over the forecast period
   
   
 * Based on frequency, the Ultra-high frequency RFID segment is likely to
   register the highest CAGR during 2019-2025
   
   
 * Based on end-use, the retail segment is expected to dominate the market in
   2018, owing to the increasing adoption of apparel tagging in products
   
   
 * Geographically, North America held the major market share in 2018, and is
   anticipated to lead the global RFID market during the forecast period.
   
   
 * Prominent players operating in the radio frequency identification (RFID)
   market include NXP Semiconductors; Alien Technology, LLC; Avery Dennison
   Corporation; Smartrac; Checkpoint Systems; GAO RFID; Zebra Technologies; HID
   Global Corporation; Applied Wireless, Inc.; and Honeywell International Inc.
   among others.

Emergence of “Chipless RFID tags” is rapidly driving the market growth

The advent of chipless RFID serves many solutions and has a great potential to
substitute the barcodes. The chipless RFID is a wireless data capturing
technology that finds its application in many end-use industries such as
pharmaceutical, aviation, and retail, among others. Moreover, chipless RFID is
deployed to enhance store execution, and upgrade client experience in an
addressable way. The rising significance in retail and aviation industry to
execute efficient operation is considerably fueling the demand for chipless
RFID.

Browse full research report with TOC on "Global Radio Frequency Identification
(RFID) Market Outlook, Trend and Opportunity Analysis, Competitive Insights,
Actionable Segmentation & Forecast 2019-2025" at:
https://www.energiasmarketresearch.com/global-radio-frequency-identification-rfid-market-report/

To purchase report: sales@energiasmarketresearch.com

Global Radio Frequency Identification (RFID) - Regional Insight

Geographically, the global radio frequency identification (RFID) market is
segmented into North America, Asia-Pacific, Europe, Middle East and Africa, and
Central & South America. North America held the major market share and is likely
to retain its dominance over the forecast period. The regional growth is due to
the rising demand for smart industries, incorporation of RFID solutions in
supply chain management. Moreover, presence of significant number of players in
the region is also likely to fuel the demand for RFID market during 2019-2025.

The report segments the global RFID market on the basis of type, product type,
frequency, label type, end-use, and region.

 * By Type 
   
   º Active RFID
   º Passive RFID
   
   
 * By Product Type 
   
   º Tags
   º Readers
   º Software
   
   
 * By Frequency 
   
   º Low Frequency
   º High Frequency and Near field communication
   º Ultra Frequency
   º Active Ultra-high Frequency
   
   
 * By Label type 
   
   º Paper
   º Plastic
   º Metal
   º Glass
   º Others
   
   
 * End-Use 
   
   º Agriculture
   º Transportation and Logistics
   º Healthcare
   º Commercial/ Retail
   º Contactless Cards
   º Sports
   º Security and Access control
   º Others
   
   
 * By Region: 
   
   º North America
      • U.S.
      • Canada
   
   º Europe
      • UK
      • Germany
      • France
      • Russia
      • Rest of Europe
   
   º Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia-Pacific
   
   º Central and South America (CSA)
      • Brazil
      • Mexico
      • Rest of CSA
   
   º Middle East and Africa (MEA)
      • UAE
      • South Africa
      • Rest of MEA

About Energias Market Research Pvt. Ltd. -

Energias Market Research launched with the objective to provide in-depth market
analysis, business research solutions, and consultation that is tailored to our
client’s specific needs based on our impeccable research methodology.

With a wide range of expertise from various industrial sectors and more than 50
industries that include energy, chemical and materials, information
communication technology, semiconductor industries, healthcare and daily
consumer goods, etc. We strive to provide our clients with a one-stop solution
for all research and consulting needs.

Our comprehensive industry-specific knowledge enables us in creating high
quality global research outputs. This wide-range capability differentiates us
from our competitors.

Contact:

Mr. Alan Andrews

Business Development Manager

For any queries email us: info@energiasmarketresearch.com

To purchase report: sales@energiasmarketresearch.com

Call us: +1-716-239-4915

Visit: https://www.energiasmarketresearch.com/

 


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TAGS

Radio Frequency Identification RFID Chipless RFID Tags Passive RFID Ultra-high
frequency RFID RFID Systems RFID Technology


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