Global Radio-Frequency Identification (RFID) Market
Global Radio-Frequency Identification (RFID) Market is expected to reach USD 27.95 Billion by 2026 from USD XX Billion in 2018 at CAGR of XX % (Detailed analysis of the market CAGR is provided in the report).
Due to the increasing penetration of Radio-Frequency Identification (RFID) Market in various industries, and evolution of IoT this industry is growing.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
The market for Radio-Frequency Identification (RFID) Market tags is expected to grow at the highest CAGR forecast period. Due to a reduction in the costs, there has been a rise in the adoption of RFID tags. The Radio-Frequency Identification (RFID) Market for passive tags is expected to grow at the highest CAGR in the forecast period. Factors such as small size, low cost and long lifetime, passive tags are expected to gain more grip than active tags. Ultra-high frequency (UHF) RFID tags enable multiple tag reading that means the user can read more RFID tags in one go, which is not supported by LF and HF. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. UHF RFID is currently the only type of RFID to be regulated by a single global standard.
Ultra-high frequency (UHF) RFID tags enable multiple tag reading .i.e. user can read more RFID tags in one go, which is not supported by low frequency and high frequency. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. UHF RFID is currently the only type of RFID to be regulated by a single global standard.
The years that have been considered for the study are:
• Base year – 2018
• Estimated year – 2019
• Forecast period – 2019 to 2026
Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints and challenges for Global Radio-Frequency Identification (RFID) Market during the forecast period
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Global Radio-Frequency Identification (RFID) Market analysis and comprehensive segmentation with respect to the product, wafer size, working, frequency, form factor, label type, and geography to assist in strategic business planning
• Global Radio-Frequency Identification (RFID) Market analysis and forecast for five major geographies North America, Europe, Asia Pacific, Middle East & Africa, Latin America, and their key regions
Research Methodology
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at the country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Radio-Frequency Identification (RFID) Market .
The objective of the report is to present comprehensive Global Radio-Frequency Identification (RFID) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
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