RFID (Radio-frequency identification) Tags Market 2018 Size, Share, Current Trends, Global Industry Demand with Top Key Companies Review
May 18, 2018 (Heraldkeeper via COMTEX) -- MarketResearchFuture.com added New Report Named "RFID Tags Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Types (Passive, Active and Semi-passive), by End-User (Healthcare, Retail, Automotive, Logistics and Transportation, and Others) and by Region | Outlook to 2023" to its Database.
The RFID tags market is increasing rapidly and is expected to continue growing at the same pace over the forecast period. The global RFID tags market is estimated to grow at a CAGR of 7.6% during the estimated period (2017-2023). Advancement plays the major role in the growth of the global RFID tags market. RFID (Radio-frequency identification) uses an electromagnetic field to find the tags attached to products. The tags contain electronically stored information. This tag can be attached to the products, animals or even human beings. Primarily RFID tags were invented to replace the barcodes in supply chains. RFID tags can be read wirelessly and without line of sight, more robust and are contain more info than barcodes.
The Global RFID tags market is expected to grow at a CAGR of 7.6% during the forecast period.
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The prominent players in the RFID tags market include Alien Technology (U.S.), Confidex Ltd (Finland), HID Global Corporation (U.S.), Honeywell international Inc. (U.S.), Omni-ID Ltd (U.S.), Impinj, Inc. (U.S.), Invengo Information Technology Co. Ltd (China), Smartrac N.V. (Netherlands), The Tag Factory (India), Atmel Corporation (U.S.), NXP Semiconductors N.V. (Netherlands) , RF Code Inc. (U.S.), GAO RFID Inc. (Canada), CoreRFID Ltd (U.K.) and Tageos (France)
On the basis of the regions, the global RFID tags market has been segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America dominates the global RFID tags market. Increasing government initiatives for the adoption of RFID tags is the major factor driving the growth of the market in the region. Additionally, high growth in the retail industry in North America region is also the factor driving the growth of the market. Furthermore, major RFID tags manufacturers such as Alien Technology and HID Global Corporation among others are present in the North America region. This also has a positive influence on the growth of the market. The U.S. accounted for the major market share of the North American region.
Asia Pacific region is anticipated to grow at the highest CAGR during the forecast period. The remarkable growth in the packaging sector in Asia Pacific region is the main factor pouring the growth of the market. Rising industrial expansion, as well as increasing, urbanize population in the developing countries provide the further boost the market. China, Indonesia, Japan, India, and Thailand are the key contributor to Asia Pacific market. China accounts for the largest share of the region mainly due to fast growth in the urbanization and industrial development.
The Middle East & Africa is another major market in terms of demand for RFID tags and is expected to contribute significantly to market growth during the forecast period.
Global RFID tags market has been segmented based on types, application, and region. On the basis of the type, the market has been segmented into the passive, active and semi-passive. The passive tags accounted for the largest market share in 2016. Passive tags do not have an internal power source. Therefore they rely on the power induced by the reader. Because of the lack of a battery, these tags are cost-effective, durable, and smaller as compared to others. Passive tags are used to perform many activities such as access control, inventory management, supply chain management, and tool tracking. Hence the popularity of passive RFID tags is increasing among end-users. It is expected to show the fastest growth during the forecast period.
An active tag has an onboard battery and periodically transmits its ID signal. Batteries make the cost, size, and lifespan of active tags impractical for the retail trade. These tags are used for tracing containers and pallets as well as large military assets. These tags are also used in tracking ocean containers and land, vehicles, logistics and other high and large value assets. A semi-passive tag has a small battery on board and is activated when in the presence of an RFID reader.
On the basis of the end user, the market has been segmented into healthcare, retail, automotive, logistics and transportation, and others. Logistics and transportation sector dominates the end-user segment of the market. RFID-based technologies are widely applied to improve transportation security and safety.
RFID Tags Industry
The use of RFID tags in the healthcare sector is swelling rapidly. This technology helps in patient tracking, surgery asset management, parking, and medication authentication and control. Additionally, rising concern about drug counterfeit and safety, increasing need for reducing operational cost in healthcare and rise in the incidence of medical device theft cases are pouring the market for RFID tags in the healthcare sector.
The RFID tags market is extremely fragmented and characterized by the presence of numerous large and small vendors. The key players in the market are largely focusing on product offerings and after-sales services to remain competitive in the market. Vendors of the RFID tags market are also focusing on durable and functional product portfolios, technological advancement, and value-added services. Furthermore, the major players also focus on partnership & collaboration, and merger & acquisition, to expand their business. For instance, Invengo, the global RFID technology provider, has announced the acquisition of the textile services and legacy RFID Tag business from French company Tagsys RFID.
公司RFID讀寫器產品包括各頻段RFID手持終端、定制低頻讀卡器、定制高頻讀寫器、定制射頻讀卡器、超高頻桌面式讀寫器、高頻RFID讀寫器、高頻中距離讀寫器, 固定式Mifare讀寫器、 PDA CF接口RFID讀卡器、可調增益的有源RFID閱讀器、 一體式讀寫器、RFID條形碼掃描槍、125KHz中距離閱讀器、低頻遠距離閱讀器、超高頻手持機、超高頻讀寫器、超高頻數據采集器等。特色RFID標簽產品有釘子型標簽、動物跟蹤標簽、迷你型PVC標簽、抗金屬RFID標簽、擋風玻璃無源標簽、帶磁鐵的抗金屬RFID標簽、腕帶式有源RFID標簽、RFID珠寶標簽、超高頻抗金屬耐高溫標簽、動物耳標、雞鴨腳環、玻璃管標簽、巡更標簽、異形標簽、不干膠電子標簽、動物管理RFID標簽、RFID標簽、植入式電子標簽、電子耳標、RFID溯源耳標、RFID動物耳標、智能卡、射頻卡等。各種低頻RFID、高頻RFID、超高頻RFID系統已廣泛應用于停車場管理、資產管理、生產制造、物流管理、倉儲管理、追蹤追溯、設備巡檢、交通運輸、農業監控、小額支付、企校一卡通、會員管理等應用領域。