Radio Frequency Identification Market: Revenue to Grow at a CAGR of 14.5% During 2018-2028, Applications, Upcoming Trends, On-going Demand

Posted on 2019-03-06 by Mark Hub in Semiconductors // 0 Comments

Albany, US, 2019-Mar-06 — /EPR Network/ —Market Research Hub (MRH) has carefully analyzed this research study titled Radio Frequency Identification Market: Revenue to Grow at a CAGR of 14.5% During 2018-2028, Driven by Integrating RFID Technology with IoT and Big Data Platforms for Real-time Data Access, which is available on its online portal. The aim of this assessment is to highlight the various projections expected to occur in the global market for Radio Frequency Identification. Readers can gain knowledge related to prime market facets such as market size, Y-o-Y growth and market dynamics, which are projected to change during the stated forecast period. According to research findings, the global Radio Frequency Identification is likely to advance at a steady CAGR of 14.5% during the period between 2018 and 2028.

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The global RFID market is expected to register a CAGR of 14.5% during 2018 2028 with SEA and Others of APAC, Western Europe and North America accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global RFID market in its report titled RFID market: Global Industry Analysis 2013 2017 and Opportunity Assessment 2018 2028. Growth in the value of the global RFID market is estimated to remain attractive as the market is expected to grow continuously at a CAGR of 14.5% in terms of value during the forecast period 2018 2028. On the basis of components, the RFID software and middleware segment is expected to register attractive growth over the forecast period. Based on application, the agriculture segment is estimated to gain high penetration in terms of market share during the forecast period.

The annual revenue of the global RFID market was US$ 12,912.0 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. These regions are likely to dominate the global market over the forecast period.

Over a decade ago, RFID technology was used by large enterprises. With improvements in technology and economical cost, this technology has been adopted by small and medium enterprises. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations. The usage of RFID technology in automated item identification systems is gaining importance in the retail sector. The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide. This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market. The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. Also, vendor management has become smoother with use of RFID technology since it provides detailed performance metrics.

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Table of Content

Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors Relevance & Impact
3.3. Value Chain analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.5. Opportunity Analysis
Market Forecast
4.1. Market Size and Y-o-Y Growth and
4.2. Introduction and Absolute $ Opportunity
Global RFID Market Analysis By Component
5.1. Introduction
5.1.1. Market Value Share Analysis By Component
5.1.2. Y-o-Y Growth Analysis By Component
5.2. Historical Market Size (US$ Mn) Analysis 2013-2017 By Component
5.3. Current Market Size (US$ Mn) and Forecast 2018-2028 By Component
5.3.1. RFID Tags
5.3.1.1. Low Frequency (LF)
5.3.1.2. High Frequency (HF)
5.3.1.3. Ultra-High Frequency (UHF)
5.3.1.4. Microwave Frequency
5.3.1.5. Ultra Wideband (UWB)
5.3.2. RFID Readers
5.3.3. RFID Software and Middleware
5.4. Market Attractiveness Analysis By Component

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