Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024

  • Product Code:
    RP-ID-10078146
  • Published Date:
    Mar 2019
  • Region:
    Global
  • Pages:
    110
  • Category:
    Semiconductor & Electronics
  • Publisher:
    Infoholic Research
Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
The global RFID market is likely to witness significant growth during the forecast period. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure. However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
Market Revenue and Segmentation Analysis:
The global RFID market is expected to reach revenue of $XX billion by 2024, growing at a CAGR of 14.4% during the forecast period 2018–2024.
The market is segmented based on product types and applications. In terms of product types, the market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. The passive RFID tags was the dominant segment, which accounted for more than 35% of the market share in 2017; also, this segment is projected to remain dominant during the forecast period. By applications, the market is segmented into retail, healthcare, transportation and logistics, financial services, industrial, government, and others.
Regional Analysis:
In 2017, the Americas was the dominant region in the global RFID market followed by Asia Pacific. Furthermore, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of 18.5% during the forecast period 2018–2024. This is mainly due to expanding organized retail sector and increasing investments on asset management solutions by organizations across various industry verticals.
The report also covers country-wise analysis of the RFID market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc.
The study offers a comprehensive analysis of the “global RFID market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
Table of Contents
1 Report Summary 9
1.1 Executive Summary 9
1.2 Scope of the Report 12
1.3 Industry Trends 13
1.4 PEST Analysis 13
2 Report Outline 15
2.1 Research Methodology 15
2.2 Report Assumptions 15
3 Market Snapshot 17
4 Market Outlook 18
4.1 Overview 18
4.2 Market Definition – Infoholic Research 19
4.3 Market Segmentation 19
4.4 RFID System – Overview 19
5 Market Characteristics 21
5.1 Market Trends 21
5.2 Market Dynamics 21
5.2.1 Drivers 22
5.2.1.1 Increasing government initiatives on integrating RFID technology across various applications 22
5.2.1.2 Rising interest in value chain management 23
5.2.1.3 Expanding Internet of Things (IoT) infrastructure 23
5.2.2 Restraints 23
5.2.2.1 End-user concerns on implementation cost 23
5.2.2.2 Security vulnerabilities and functional challenges 24
5.2.3 Opportunities 24
5.2.3.1 Applications of RFID technology in the intelligent transportation system 24
5.2.3.2 RFID model for pharmaceutical supply chain 24
5.3 DRO – Impact Analysis 25
6 Product Types: Market Size and Analysis 26
6.1 Overview 26
6.2 Active RFID/RTLS Systems 27
6.3 Passive RFID Services, Networking, and Software 28
6.4 Passive RFID Interrogators 29
6.5 Passive RFID Tags 29
7 Applications: Market Size and Analysis 31
7.1 Overview 31
7.2 Retail 32
7.3 Healthcare 33
7.4 Transportation and Logistics 34
7.5 Financial Services 35
7.6 Industrial 36
7.7 Government 37
7.8 Others 37
8 Regions: Market Size and Analysis 39
8.1 Overview 39
8.2 Americas 40
8.2.1 Overview 40
8.2.2 By Country – Market Size and Analysis 42
8.2.3 By Product Type – Market Size and Analysis 43
8.2.4 By Application – Market Size and Analysis 44
8.3 Europe 45
8.3.1 Overview 45
8.3.2 By Country – Market Size and Analysis 47
8.3.3 By Product Type – Market Size and Analysis 48
8.3.4 By Applications – Market Size and Analysis 49
8.4 Asia Pacific 50
8.4.1 Overview 50
8.4.2 By Country – Market Size and Analysis 52
8.4.3 By Product Type – Market Size and Analysis 53
8.4.4 By Application – Market Size and Analysis 54
8.5 Middle East and Africa (MEA) 55
8.5.1 Overview 55
8.5.2 By Country – Market Size and Analysis 57
8.5.3 By Product Type – Market Size and Analysis 58
8.5.4 By Application – Market Size and Analysis 59
9 Vendors Profile 61
9.1 Zebra Technologies Corporation 61
9.1.1 Overview 61
9.1.2 Key Financials 62
9.1.3 Product Offerings 63
9.1.4 Business Focus 64
9.1.5 SWOT Analysis 65
9.1.6 Geographic Revenue 65
9.1.7 Business Strategies 66
9.2 ASSA ABLOY 66
9.2.1 Overview 66
9.2.2 Key Financials 68
9.2.3 Product Offerings 68
9.2.4 Business Focus 69
9.2.5 SWOT Analysis 70
9.2.6 Geographic Revenue 70
9.2.7 Business Strategies 71
9.3 AVERY DENNISON CORPORATION 72
9.3.1 Operating Segment Revenue 73
9.3.2 Product Offerings 73
9.3.3 Business Focus 74
9.3.4 SWOT Analysis 74
9.3.5 Geographic Revenue 75
9.3.6 Business Strategies 76
9.4 Honeywell International Inc. 76
9.4.1 Overview 76
9.4.2 Key Financials 77
9.4.3 Product Offerings 78
9.4.4 Business Focus 79
9.4.5 SWOT Analysis 80
9.4.6 Geographic Revenue 81
9.4.7 Business Strategies 82
9.5 Siemens AG 82
9.5.1 Overview 82
9.5.2 Product Offerings 83
9.5.3 Key Financials 84
9.5.4 Geographic Revenue 85
9.5.5 Business Focus 85
9.5.6 SWOT Analysis 86
9.5.7 Business Strategies 87
10 Companies to Watch for 88
10.1 Impinj, Inc. 88
10.1.1 Overview 88
10.1.2 Offerings 88
10.2 Identiv, Inc. 90
10.2.1 Overview 90
10.2.2 Offerings 90
10.3 Alien Technology, LLC 91
10.3.1 Overview 91
10.3.2 Offerings 92
10.4 Omni-ID 93
10.4.1 Overview 93
10.4.2 Offerings 93
10.5 Mojix, Inc. 94
10.5.1 Overview 94
10.5.2 Offerings 94
Annexure 96
Abbreviations 96

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ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc
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