The radio
frequency identification sensor is an automatic identification technology,
which positively utilizes the radio frequency electromagnetic fields to
recognize the objects carrying tags. The radio frequency identification similar
to bar codes. Whereas, the RFID tag is not demanded to be the scanned straight
nor does it demand line-of-sight to a reader. The RFID tags must be within the
assortment of an RFID reader, which ranges from 3 to 300 feet, to be read. Not
only has this, the growth of this market is predicted to be enlarging at an
effective CAGR during the review duration. This can be accredited to foremost
factor namely the effective growth in the demand for decreasing the operating
price. The foremost growth in the requirement for proficient supply chain
management the number of the patient visits to the hospitals is also some of the
foremost influencing aspects.
According to the report analysis, ‘Global Radio Frequency Identification Market Size
study, by Products (Tags, Readers and Software), by Tags (200mm, 300mm and
Others) by Tag Type (Passive RFID and Active RFID) by Frequency (Low Frequency,
High Frequency, Ultra-High Frequency and Active Ultra-High Frequency) and by
Application (Agriculture, Commercial, Transportation, Healthcare, Logistic and
Supply Chain, Aerospace, Defense, Retail, Security and Access Control and
Sports ) By Form Factor (Button, Card, Implants, Key Fob, Label, Paper Tickets,
Wristband and Others) By Material (Plastic, Paper, Metal, Glass and others) and
Others and Regional Forecasts 2018-2025’ states that in the
worldwide radio frequency identification market, there are numerous players
which recently performing for leading the fastest market growth and accounting
the great value of market share around the globe in the upcoming years more
progressively while developing the applications of the technology, decreasing
the price of the product, improving the productivity of the product and
delivering the better consumer satisfaction includes Alien Technology, Applied
Wireless RFID, Avery Dennison, Caen RFID, Checkpoint Systems, GAO RFID, Globeranger,
Impinj, Invengo, Mojix, Motorola, Nedap, NXP Semiconductors, Smartrac
Technology, Thingmagic and several others.
Additionally, the worldwide radio frequency identification market comprises
products, tags, tag type, frequency and application. Products sector is further
divided into tags, readers and software, tags segment involves 200mm, 300mm and
several others. Tag Type is fragmented into Passive RFID and Active RFID.
Frequency sector is sectored into low frequency, high frequency, ultra-high
frequency and active ultra-high frequency and application sector involves
agriculture, commercial, transportation, healthcare, logistic and supply chain,
aerospace, defense, retail, security and access control and sports. Form factor
is further categorized into button, card, implants, key fob, label, paper
tickets, wristband and several others by material includes plastic, paper,
metal, glass and several others.
In addition, the effective growth in the installation
of Radio frequency identification (RFID) in retail and manufacturing
units for productivity and security enhancement is predicted to propel the
market. According to India brand equity foundation (IBEF) India's retail market
is anticipated to augment by 60% and to reach 1.1 trillion USD in 2020.
Additionally, According to U.S retail industry in 2015 United States retail segment
marked 50% larger share than China. The effective growth in the retail segment worldwide
is predicted to influence the RFID market. Therefore, in the coming years, it
is anticipated that the market of radio frequency identification will increase
around the globe over the upcoming years more progressively.
For more
information on the research report, refer to below link:-
Related Report:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur@kenresearch.com
+91-9015378249
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