The RFID Market size is expected to grow at an annual average of 8% during 2021-2027. RFID stands for radio frequency identification and it is a technique in which digital data embedded in RFID or smart tags can be identified via radio waves. RFID is similar to barcode and the machine which stores the information in the database detects the tags. It has many benefits over the previous barcode tracking system. RFID can be read outside of the direct view without using any optical scanner. Increasing government policies for implementation of the system and enhanced safety and authentication process with the help of RFID is boosting the growth of the RFID market.
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Company Profile
- Alien Technology Corporation
- IDTRONIC GmbH
- Zebra Technologies
- Variuscard GmbH
- Avery Dennison
- NXP Semi Conductors
Market Segmentation
The following segmentation are covered in this report:
By Product Type
- Tags
- Readers
- Software and Services
By Frequency
- Low Frequency
- High Frequency
- Ultra-high Frequency (UHF)
By Application
- Agriculture
- Commercial
- Transportation
- Healthcare
- Logistics & Supply Chain
- Aerospace
- Defense
- Retail
- Security and Access Control
- Sports
- Animal Tracking
- Ticketing
By Form Factor
- Card
- Implant
- Key Fob
- Label
- Paper Ticket
- Band
- Others
By Material
- Plastic
- Paper
- Glass
- Others
Scope of the Report
The research study analyzes the global RFID industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by RFID Market Report
1. What was the RFID Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of RFID Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the RFID Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global RFID market.
- The market share of the global RFID market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global RFID market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global RFID market.
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(This release has been published on Global Market Post.
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