The global wide area RFID system market is expected to grow at a significant CAGR during the forecast period. It refers to a tracking system that identifies, detect and locate various objects over a limited range in a wide area. It is a traditional RFID system that at certain checkpoints and entrances enables to identify and account to restrict the objects. The wide-area RFID system is a viable solution over the existing system as it includes time-efficient and least labour work to track and locate the object across the long-range.
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The rapidly growing adoption of wide-area RFID in various manufacturing units including automotive, logistics & retail and supply chain management is significantly driving the market growth. Further, the authentication and identification of enormous objects offer by wide-area RFID systems is further contributing to the demand for wide-area RFID systems. Thus, it will be considered as a market driver for the wide-area RFID system Market and induce substantial growth opportunities for the market during the forecast period.
The wide-area RFID system has been widely installed by manufacturing units to ensure performance and operations of the assets, to monitor the activity, to identify the defects, induce high productivity and detect system failure. Additionally, the increasing penetration of wide-area RFID systems to track the process components and manufacturing equipment or on any movable assets during the production is projected to surge the growth opportunities for the market.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
• By Product Type
• By Application
· Competitive Landscape- Balluff GmbH, PervasID Ltd., Impinj Inc., and Guard RFID Solutions Inc., among others.
Key questions addressed by the report
What is the market growth rate?
Which segment and region dominates the market in base year?
Which segment and region will project fastest growth in the market?
How COVID-19 impacted the market?
Recovery Timeline
Deviation from pre-COVID forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?
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Global Wide Area RFID System Market Report Segment
By Product Type
· Tags
· Readers
· Antennas
· Software
By Application
· Automotive
· Retail
· Oil & Gas
· Manufacturing
· Healthcare
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