Asia Pacific RFID Market Forecast 2019–2025
- February, 2020
- Domain: Electronics & Semiconductors - Electronics & Semiconductors
- Get Free 10% Customization in this Report
Radio-frequency identification (RFID) is a type of automated data collection technology that utilizes radiofrequency waves to transfer data between a reader and the RFID tags attached to an object/item. RFID devices can be classified into two types: active RFID and passive RFID. Active RFID tags generally use the battery as a power source, whereas passive RFID tags do not depend on external power sources. Typically, there are two different practices that exist for transferring power from the reader to the tag: electromagnetic (EM) wave capture and magnetic induction, both the designs utilize electromagnetic properties associated with an RF antenna. In general, the RFID system comprises various components, including RFID reader, RFID tags, RFID antenna, host computing device, and application software.
Market Dynamics – Asia Pacific RFID Market
Expanding retail sector coupled with rising retailers’ focus on embracing digital technologies to enhance the customer shopping experience and optimize the warehouse management process is the key factor contributing to the growth of the Asia Pacific RFID market. For instance, barcode technology is increasingly being replaced in retail settings because of its attributes such as greater scanning distance, speed of detection (no need to be positioned in a line of sight with the scanner), and high security (data can be encrypted and password protected).
RFID is one of the efficient technologies in the handling of goods and materials in the production environment. Expanding manufacturing landscape coupled with increasing adoption of automation and Industrial Internet of Things (IIoT) solutions in the manufacturing sector is propelling the growth of the Asia Pacific RFID market. Additionally, increasing investment in asset management by organizations across verticals and rising need for contactless infrastructure for government initiatives such as smart cities will fuel the growth of the Asia Pacific RFID market during the forecast period. For instance, RFID has a wide spectrum of applications in toll management, contactless smart card for public transportation, automatic vehicle identification, congestion management, smart parking, and others. However, challenges related to security vulnerabilities and increasing preference for other tracking technologies such as UWB, BLE, and infrared are identified as restraints likely to deter the progression of the Asia Pacific RFID market during the forecast period.
Market Segmentation – Asia Pacific RFID Market
The Asia Pacific RFID market is segmented based on product type, application, and country. By country, the Asia Pacific RFID market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. Based on application, the Asia Pacific RFID market is segmented into retail, healthcare, transportation & logistics, financial services, industrial, government, and others.
Country-level Outlook – Asia Pacific RFID Market
In terms of country-wise analysis, the Asia Pacific RFID market is segmented into China, Japan, India, South Korea, Indonesia, Australia and New Zealand, and Others. Among these countries, China dominates the Asia Pacific RFID market and is expected to maintain dominance throughout the forecast period. This is mainly due to increasing reliance on RFID in manufacturing facilities for applications such as material flow management, process automation, and others.
Benefits and Vendors – Asia Pacific RFID Market
The study on the Asia Pacific RFID market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players highlighted in this study include Zebra Technologies Corporation, Honeywell International Inc., FUJITSU, AVERY DENNISON CORPORATION, Siemens. Bluebird, Impinj, Inc., Convergence Systems Limited, Shanghai Boing Information Technology Co. Ltd., and Taiwan Batag RFID.
The study offers a comprehensive analysis of the “Asia Pacific 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 the revenue opportunities across different segments to take better decisions.
- Report Summary
- Executive Summary
- Scope of the Report
- Industry Trends
- PEST Analysis
- Report Outline
- Research Methodology
- Report Assumptions
- Market Snapshot
- Market Outlook
- Market Definition – Infoholic Research
- Market Segmentation
- RFID System – Overview
- Market Characteristics
- Market Trends
- Market Dynamics
- DRO – Impact Analysis
- Product Type: Market Size and Analysis
- Active RFID/RTLS Systems
- Passive RFID Services, Networking, and Software
- Passive RFID Interrogators
- Passive RFID Tags
- Application: Market Size and Analysis
- Transportation and Logistics
- Financial Services
- Country: Market Size and Analysis
- South Korea
- Australia and New Zealand
- Vendor Profile
- Zebra Technologies Corporation
- Honeywell International Inc.
- AVERY DENNISON CORPORATION
- Siemens AG
- Companies to Watch for
- Impinj, Inc.
- Convergence Systems Limited
- Shanghai Boing Information Technology Co. Ltd.
- Taiwan Batag RFID
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.