SAN FRANCISCO, CALIFORNIA, USA, June 27, 2022 /EINPresswire.com/ — Report Summary
Global RFID marketby product (middleware, RFID tags, and RFID readers), by tag type (passive and active tags), by frequency (ultra, low, and high), by applications (manufacturing, retail, transportation and logistics, healthcare , government, agriculture and financial services) and by geography (North America, Latin America, Europe, Asia-Pacific, Middle East and Africa)
An RFID tag can be placed on the windshield of a vehicle to manage access to a car park. The beacon will activate a stationary reader that raises an arm that allows the driver to enter the parking lot. Anyone without an authorized badge or who has not paid their parking fee within the last 30 days will be refused entry. Parking attendants can also see who is authorized to enter the parking lot using RFID technology. RFID can also help retailers increase the accuracy of their inventory. The standard retail inventory process is time-consuming and imprecise, so RFID technology can record entire shipments without having to wait for receipts. RFID can also reduce cycle count time and automatically reorder products to safety stock levels.
Major companies contributing to the global RFID market include 𝗦𝗺𝗮𝗿𝘁𝗿𝗮𝗰𝗡. 𝗮𝗻𝗱 𝗭𝗲𝗯𝗿𝗮 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀.
The increasing availability of low-cost RFID products in the e-commerce and retail sectors is expected to propel the growth of the RFID market throughout the forecast period.
In addition to this, rapid automation in the industrial sector to increase productivity and reduce overall operational costs is expected to supplement the growth of the RFID market over the forecast period.
Geographically, the report examines the production, consumption, revenue, market share, growth rate and forecast for the following regions:
🔹𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 (𝗨𝗻𝗶𝘁𝗲𝗱 𝗦𝘁𝗮𝘁𝗲𝘀)
🔹𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰 (𝗖𝗵𝗶𝗻𝗮, 𝗝𝗮𝗽𝗮𝗻, 𝗜𝗻𝗱𝗶𝗮, 𝗦𝗼𝘂𝘁𝗵 𝗞𝗼𝗿𝗲𝗮, 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗮, 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮, 𝗢𝘁𝗵𝗲𝗿𝘀)
🔹𝗘𝘂𝗿𝗼𝗽𝗲 (𝗚𝗲𝗿𝗺𝗮𝗻𝘆, 𝗙𝗿𝗮𝗻𝗰𝗲, 𝗨𝗻𝗶𝘁𝗲𝗱 𝗞𝗶𝗻𝗴𝗱𝗼𝗺, 𝗜𝘁𝗮𝗹𝘆, 𝗦𝗽𝗮𝗶𝗻, 𝗥𝘂𝘀𝘀𝗶𝗮, 𝗢𝘁𝗵𝗲𝗿𝘀)
🔹𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮 (𝗕𝗿𝗮𝘇𝗶𝗹, 𝗠𝗲𝘅𝗶𝗰𝗼, 𝗢𝘁𝗵𝗲)
🔹𝗧𝗵𝗲 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁 𝗮𝗻𝗱 𝗔𝗳𝗿𝗶𝗰𝗮 (𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮, 𝗨𝗻𝗶𝘁𝗲𝗱 𝗔𝗿𝗮𝗯 𝗘𝗺𝗶𝗿𝗮𝘁𝗲𝘀, 𝗧𝘂𝗿𝗸𝗲𝘆, 𝗘𝗴𝘆𝗽𝘁, 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮, 𝗡𝗶𝗴𝗲𝗿𝗶𝗮)
Some of the important questions answered by this report include:
✅ Who are the top five players in the RFID market?
✅ What will the RFID market look like in the coming years?
✅ Which products and applications will dominate the RFID market?
✅ What are the RFID market drivers and restraints?
✅ Which regional market will represent the strongest growth?
✅ What will be the CAGR and market size of the RFID market during the forecast period?
✅ What is the current market size, what will it be in 2029 and what will be the growth rate?
✅ What are the constraints to market growth?
✅ What market opportunities and risks do key companies face?
✅ Who are the main competitors, and what is their strategic approach?
✅ What are the market entry challenges for new players?
Detailed TOC of RFID Market Forecast Report:
1 RFID Market Overview
1.1 RFID Product Overview and Market Scope
1.2 Segment by Type
1.3 Global Segment by Application
1.4 Global Market, by Region (2017-2022)
1.5 Global Market Size of RFID Market (2017-2029)
2 Global RFID Market Landscape by Player
2.1 Global RFID Sales and Market Share by Player (2017-2022)
2.2 Global Revenue and Market Share by Player (2017-2022)
2.3 Global Average Price per Player (2017-2022)
2.4 Global Gross Margin by Player (2017-2022)
2.5 Manufacturing Base Distribution, Sales Area and Product Type by Player
2.6 Market Competitive Situation and Trends
3 Upstream and Downstream Analysis of RFID Market
3.1 Industry Chain Analysis
3.2 Major Raw Materials Suppliers and Price Analysis
3.3 Supply and Demand Analysis of Key Raw Materials
3.4 Manufacturing Process Analysis
3.5 Commodity Market Concentration Rate
3.6 Downstream buyers
3.7 Value chain status under COVID-19
Market Scale and Segment Analysis:
𝗢𝗻 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝘀 𝗼𝗳 𝗣𝗗𝗨 𝗧𝘆𝗽𝗲𝘀, 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗥𝗮𝗱𝗶𝗼 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗥𝗙𝗜𝗗) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝘀𝗲𝗴𝗺𝗲𝗻𝘁𝗲𝗱 𝗶𝗻𝘁𝗼:
• 𝗕𝗮𝘀𝗶𝗰 𝗣𝗗𝗨
• 𝗠𝗲𝘁𝗲𝗿𝗲𝗱 𝗣𝗗𝗨
• 𝗦𝗺𝗮𝗿𝘁 𝗣𝗗𝗨
• 𝗦𝘄𝗶𝘁𝗰𝗵𝗲𝗱 𝗣𝗗𝗨
𝗢𝗻 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝘀 𝗼𝗳 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻, 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗥𝗮𝗱𝗶𝗼 𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗥𝗙𝗜𝗗) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝘀𝗲𝗴𝗺𝗲𝗻𝘁𝗲𝗱:
• 𝗧𝗲𝗹𝗲𝗰𝗼𝗺 & 𝗜𝗧
𝗢𝗻 𝘁𝗵𝗲 𝗯𝗮𝘀𝗶𝘀 𝗼𝗳 𝗿𝗲𝗴𝗶𝗼𝗻𝘀, 𝘁𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗥𝗮𝗱𝗶𝗼 𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝗰𝘆 𝗜𝗱𝗲𝗻𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗥𝗙𝗜𝗗) 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗰𝗹𝗮𝘀𝘀𝗶𝗳𝗶𝗲𝗱:
• 𝗡𝗼𝗿𝘁𝗵 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
• 𝗔𝘀𝗶𝗮 𝗣𝗮𝗰𝗶𝗳𝗶𝗰
• 𝗟𝗮𝘁𝗶𝗻 𝗔𝗺𝗲𝗿𝗶𝗰𝗮
• 𝗠𝗶𝗱𝗱𝗹𝗲 𝗘𝗮𝘀𝘁
Key points to remember
The global RFID market is expected to grow at a CAGR of XX% during the forecast period owing to improving availability of RFID products in retail stores and increasing adoption by e-commerce giants and retail. For example, in March 2022, Walmart, a retail giant, announced plans to adopt RFID technology across its apparel line to scan clothing in its 11,400 stores worldwide.
Across geographical horizons, the North American region is in pole position in the global RFID market, on the heels of a robust electronics industry and growing adoption of inorganic strategies among major market players.
In second place, the Asia-Pacific region is seen as a future ace in the global RFID market due to a large consumer base, capacity expansions, and strong demand from the e-commerce industry.
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