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The global RFID Marketwas valued at USD 16.45 billion in 2016 and is projected to reach USD 31.9billion by 2025, growing at a CAGR of 7.36% from 2017 to 2025.
Radio-Frequency Identification (RFID) is the use of radio waves to read and capture information stored on a tag attached to an object. A tag can be read from up to several feet away and does not need to be within direct line-of-sight of the reader to be tracked.
Sample Infographics:
Market Dynamics:
1. Market Drivers
1.1 Increasing Installation of RFID in Manufacturing Units for Productivity Improvement
1.2 Increased Usage of Security & Access Control Application
1.3 Increasing Government Initiatives
1.4 High Adoption of RFID Technology in Retail Industry
1.5 Laws for Compulsory Tagging of Animals
2. Market Restraints
2.1 High Installation Costs of RFID System
2.2 Device Interoperability
Market Segmentation:
1. Global RFID Market, by Products:
1.1 Tags
1.2 Readers
1.3 Software
2. Global RFID Market, by Tags:
2.1 By Wafer Size
2.1.1 200 nm
2.1.2 300 nm
2.1.3 Others
2.2 By Tag Type
2.2.1 Passive RFID
2.2.2 Active RFID
2.3 By Frequency
2.3.1 Low Frequency
2.3.2 High Frequency
2.3.3 Ultra-High Frequency
2.3.4 Active Ultra-High Frequency
2.4 By Application
2.4.1 Agriculture
2.4.2 Commercial
2.4.3 Transportation
2.4.4 Healthcare
2.4.5 Logistics and Supply Chain
2.4.6 Aerospace
2.4.7 Defense
2.4.8 Retail
2.4.9 Security
2.4.10 Sports
2.5 By Form Factor
2.5.1 Button
2.5.2 Card
2.5.3 Implants
2.5.4 Key Fob
2.5.5 Label
2.5.6 Paper Tickets
2.5.7 Wristband
2.5.8 Others
2.6 By Material
2.6.1 Plastic
2.6.2 Paper
2.6.3 Metal
2.6.4 Glass
2.6.5 Others
3. Global RFID Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Alien Technology
2. Applied Wireless RFID
3. Avery Dennison
4. Caen RFID
5. Checkpoint Systems
6. GAO RFID
7. Globeranger
8. Impinj
9. Invengo
10. Mojix
11. Motorola
12. Nedap
13. NXP Semiconductors
14. Smartrac Technology
15. Thingmagic
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the RFID Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
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