'RFID Market Witness Growth | IBM Corporation, Invengo Technology Pte Ltd, NXP Semiconductors, Protrac iD, ACTATEK (UK) Ltd, Alien Technology and More

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'RFID Market Research Report', the report is complete with an elaborate research undertaken by prominent analysts and a detailed analysis of the global industry place . Over the projected time frame, the global RFID market is expected to grow rapidly. Also fostering market growth was the growing internet penetration and widespread adoption of social media platforms. In addition, the presence of prominent content marketing companies has also driven market growth. From 2019 to 2027, the size of the RFID market is expected to show lucrative growth, driven by widespread adoption of global social media platforms. Everyone can publish their content on the internet since the advent of the internet and the emergence of social media platforms. Companies are developing skills to make the use and optimization of their products more flexible. The RFID market is highly bifurcated. The market is dominated by few major players AVERY DENNISON CORPORATION, Brady Worldwide, Inc, BT, Checkpoint Systems, Inc, Confidex Ltd, Datalogic SpA, RFID, INC, Siemens, Smartrac NV, TagMaster amongst others.

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Global RFID Market is expected to reach USD 44,351.6 million by 2024 from USD 13,378.7 million in 2016, at a CAGR of 16.3%in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Tags market with highest market share has the largest market segment in RFID market.

"Product definition" RFID is an acronym for "radio frequency identification" and relates to a technique in which digital data embedded in RFID tags or smart tags is discovered by a viewer via radio waves. RFID is identical to barcoding in that the tag or label data is detected by a machine that stores the data in a database. However, RFID has several benefits over schemes that use barcode tracking software. Most remarkable is that the RFID tag data could be read outside of the field of view, while the barcodes should be connected with an optical scanner.

Competitive Landscape Global RFID Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of RFID Market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa. Future Outlook and by Top key players Analysis Honeywell International Inc, HID Global Corporation, Impinj, Inc, IBM Corporation, Invengo Technology Pte Ltd, NXP Semiconductors, Protrac iD, ACTATEK (UK) Ltd, Alien Technology, LLC,

Global RFID Market: Segment Analysis

Global RFID Market By Products (Tags, Readers, Software), Tags (Wafer Size, Tag type, Frequency, Application, Form Factor, Material), End User (Industrial, Transportation, Retail, Consumer Package Goods, Healthcare, Education, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) - Industry Trends and Forecast to 2026

RFID Market Scenario

According to Data Bridge Market Research the RFID market in developing regions is witnessing a growth in terms of its adoption rate, due to rising adoption of RFID technology from retail industry, rising government initiatives, increasing laws associated with the compulsory tagging of animals, and increasing installation in manufacturing units for productivity improvement.

Now the question is which are the regions that RFID market players should target? Data Bridge Market Research has estimated market leaders to target North America developing regions to help them in attaining better volume of revenue generation.

RFID market is becoming more competitive every year with tags currently being the largest market product for the forecast period of 2019 to 2026. Data Bridge Market Research's new report highlights the major growth factors and opportunities in the RFID market.

What are the major market growth drivers?

  • Enhanced deployment of RFID in production facilities to increase productivity is contributing to the growth of the market
  • Enhanced using of safety & authentication implementation is boosting the growth of the market
  • Increase government policies is propelling the growth of the market
  • Heavy implementation of RFID technologies in the retail sector is driving the growth of the market

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RFID Market Development

  • In November 2019, Avery Dennison Corporation announced the acquisition of Smartrac's Transponder (RFID Inlay) Division which will help the company to enhance the production of RFID products. With this acquisition, the company will strengthen their market position and will also expand their Intelligent Labels platform.

Key Highlights from RFID Market Study.

  • Revenue and Sales Estimation-- Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally macroeconomic factor and regulatory policies are ascertained in RFID industry evolution and predictive analysis.
  • Manufacturing Analysis--the report is currently analyzed concerning various product type and application. The RFID market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry experts and Key officials of profiled companies.
  • Competition-- Leading players have been studied depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
  • Demand & Supply and Effectiveness-- RFID report additionally provides distribution, Production, Consumption & EXIM** (Export & Import). ** If applicable

In addition, the years considered for the study are as follows:

Historical year - 2014-2019 | Base year - 2019 | Forecast period - 2020 to 2027

Data Sources & Methodology

The primary sources involves the industry experts from the Global RFID Market including the management organizations, processing organizations, analytics service providers of the industry's value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

Table of Content: Global RFID Market Research Report 2020-2027

Chapter 1: RFID Market Overview
Chapter 2: RFID Market Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2020-2027)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2020-2027)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: RFID Market Analysis by Application
Chapter 8: RFID Market by Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: RFID Marketing Strategy Analysis, Distributors/Traders
Chapter 11: RFID Market Effect Factors Analysis
Chapter 12: RFID Market Forecast (2020-2027)
Chapter 13: Appendix

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.

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Key questions answered in the Global RFID Market report include:

  • What will be RFID market share and the forecast for 2020-2027?
  • What are the key factors compelling the worldwide RFID market?
  • Who are the key players in the world RFID industry?
  • What are the factors impacting the revenue and production growth of the RFID market?
  • What are the opportunities & challenges in the RFID industry?

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