Global RFID Market Forecasts upto 2024
- November, 2018
- Domain: Electronics & Semiconductors - Electronics & Semiconductors
- Get Free 10% Customization in this Report
[110 Report Pages] This market research report includes a detailed segmentation of the global RFID (Radio Frequency Identification) market by product types (active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags), applications (Retail, Healthcare, Transportation and Logistics, Financial Services, Industrial, Government, Others) and regions (Americas, Europe, Asia Pacific, and Middle East & Africa (MEA)).The market research report identifies ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc.as the major players operating in the global RFID market.
RFID Market Research Overview:
Infoholic’s market research report predicts the global RFID market will grow significantly at a CAGR of 14.4% during the forecast period 2018–2024. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure. However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
RFID Market Competitive Analysis & Key Vendors
The global RFID market is expected to grow at a CAGR of 14.4% during the forecast period 2018–2024. The market is segmented based on product types and applications. In terms of product types, the market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. The passive RFID tags was the dominant segment, which accounted for more than 35% of the market share in 2017; also, this segment is projected to remain dominant during the forecast period. By applications, the market is segmented into retail, healthcare, transportation and logistics, financial services, industrial, government, and others
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape.
Few of the RFID Market Research key players profiled in this study include
- ZIH Corp.
- ASSA ABLOY
- AVERY DENNISON CORPORATION
- Honeywell International Inc.
- Siemens AG
- Impinj Inc.
- Identiv Inc.
- Alien Technology, LLC
- Mojix, Inc.
In 2017, the Americas was the dominant region in the global RFID market followed by Asia Pacific. Furthermore, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of 18.5% during the forecast period 2018–2024. This is mainly due to expanding organized retail sector and increasing investments on asset management solutions by organizations across various industry verticals.
The report also covers country-wise analysis of the RFID market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
RFID Market Research by Product
- Active RFID/RTLS Systems
- Passive RFID Services, Networking, Software
- Passive RFID Interrogators
- Passive RFID Tags
The passive RFID tags was the dominant segment, which accounted for more than 35% of the market share in 2017 and is projected to remain dominant during the forecast period.
RFID Market Research by Applications
- Transportation and Logistics
- Financial Services
RFID Market Research by Regions
- Asia Pacific
- Middle East & Africa (MEA)
Radio Frequency Identification Market Benefits
The study offers a comprehensive analysis of the “global RFID market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
1 Report Summary
1.1 Executive Summary
1.2 Scope of the Report
1.3 Industry Trends
1.4 PEST Analysis
2 Report Outline
2.1 Research Methodology
2.2 Report Assumptions
3 Market Snapshot
4 Market Outlook
4.2 Market Definition – Infoholic Research
4.3 Market Segmentation
4.4 RFID System – Overview
5 Market Characteristics
5.1 Market Trends
5.2 Market Dynamics
22.214.171.124 Increasing government initiatives on integrating RFID technology across various applications
126.96.36.199 Rising interest in value chain management
188.8.131.52 Expanding Internet of Things (IoT) infrastructure
184.108.40.206 End-user concerns on implementation cost
220.127.116.11 Security vulnerabilities and functional challenges
18.104.22.168 Applications of RFID technology in the intelligent transportation system
22.214.171.124 RFID model for pharmaceutical supply chain
5.3 DRO – Impact Analysis
6 Product Types: Market Size and Analysis
6.2 Active RFID/RTLS Systems
6.3 Passive RFID Services, Networking, and Software
6.4 Passive RFID Interrogators
6.5 Passive RFID Tags
7 Applications: Market Size and Analysis
7.4 Transportation and Logistics
7.5 Financial Services
8 Regions: Market Size and Analysis
8.2.2 By Country – Market Size and Analysis
8.2.3 By Product Type – Market Size and Analysis
8.2.4 By Application – Market Size and Analysis
8.3.2 By Country – Market Size and Analysis
8.3.3 By Product Type – Market Size and Analysis
8.3.4 By Applications – Market Size and Analysis
8.4 Asia Pacific
8.4.2 By Country – Market Size and Analysis
8.4.3 By Product Type – Market Size and Analysis
8.4.4 By Application – Market Size and Analysis
8.5 Middle East and Africa (MEA)
8.5.2 By Country – Market Size and Analysis
8.5.3 By Product Type – Market Size and Analysis
8.5.4 By Application – Market Size and Analysis
9 Vendors Profile
9.1 Zebra Technologies Corporation
9.1.2 Key Financials
9.1.3 Product Offerings
9.1.4 Business Focus
9.1.5 SWOT Analysis
9.1.6 Geographic Revenue
9.1.7 Business Strategies
9.2 ASSA ABLOY
9.2.2 Key Financials
9.2.3 Product Offerings
9.2.4 Business Focus
9.2.5 SWOT Analysis
9.2.6 Geographic Revenue
9.2.7 Business Strategies
9.3 AVERY DENNISON CORPORATION
9.3.1 Operating Segment Revenue
9.3.2 Product Offerings
9.3.3 Business Focus
9.3.4 SWOT Analysis
9.3.5 Geographic Revenue
9.3.6 Business Strategies
9.4 Honeywell International Inc.
9.4.2 Key Financials
9.4.3 Product Offerings
9.4.4 Business Focus
9.4.5 SWOT Analysis
9.4.6 Geographic Revenue
9.4.7 Business Strategies
9.5 Siemens AG
9.5.2 Product Offerings
9.5.3 Key Financials
9.5.4 Geographic Revenue
9.5.5 Business Focus
9.5.6 SWOT Analysis
9.5.7 Business Strategies
10 Companies to Watch for
10.1 Impinj, Inc.
10.2 Identiv, Inc.
10.3 Alien Technology, LLC
10.5 Mojix, Inc.
TABLE 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2017-2024 ($BILLION) 26
TABLE 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2017-2024 ($BILLION) 31
TABLE 3 GLOBAL RFID MARKET REVENUE, BY REGION, 2017–2024 ($BILLION) 39
TABLE 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2017-2024 ($BILLION) 42
TABLE 5 AMERICAS RFID MARKET MARKET REVENUE, BY PRODUCT TYPE, 2017-2024 ($BILLION) 43
TABLE 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2017-2024 ($BILLION) 44
TABLE 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2017-2024 ($BILLION) 47
TABLE 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2017-2024 ($BILLION) 48
TABLE 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2017-2024 ($BILLION) 49
TABLE 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2017-2024 ($BILLION) 52
TABLE 11 ASIA PACIFIC RFID MARKET REVENUE, BY PRODUCT TYPE, 2017-2024 ($BILLION) 53
TABLE 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2017-2024 ($BILLION) 54
TABLE 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2017-2024 ($BILLION) 57
TABLE 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2017-2024 ($BILLION) 58
TABLE 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2017-2024 ($BILLION) 59
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.