Published: 08-Dec-2015 | Published By: Market Research Store
Zion Research has published a new report titled “Radiofrequency Identification (RFID) (Tags, Reader, Middleware) Market for Retail, Supply Chain, Aviation, Healthcare, Smart cards, Public Transit and Other applications - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”. According to the report, global RFID market was valued at around USD 9.50 billion in 2014 and is expected to reach USD 22.0 billion in 2020, growing at a CAGR of around 15% between 2015 and 2020.
RFID is an acronym of radio frequency identification. RFID is a small electronic device which consists of tags, readers and middleware. RFID device serves the same purpose as a bar code that provides a unique identifier for an object. RFID exhibits several advantages against bar code such as RFID device does not need to be positioned precisely relative to the scanner. RFID technology is commonly used in companies to increase the efficiency level in operational management. It also used to track and manage the inventory, assets, people, etc. Reader collision and tag collision are some commonly occurring problems with RFID.
Browse the full "Radiofrequency Identification (RFID) (Tags, Reader, Middleware) Market for Retail, Supply Chain, Aviation, Healthcare, Smart cards, Public Transit and Other applications- Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2014 – 2020" report at http://www.marketresearchstore.com/report/radiofrequency-identification-market-for-z39455
Tags, readers and middleware are the key product segments of the RFID market. RFID tags and readers are further categorized into active and passive on the basis of their mechanism. The active RFID devices needs power, which they get from inbuilt power source. On the other hand, passive RFID devices get it from the electromagnetic waves discharge by the readers. The tags segment dominated the global RFID market in 2014. Passive tag accounted for over 70% share of the total RFID market in 2014. Reader is expected to be the fastest growing segment of RFID market during the forecast period.
On the basis of applications RFID market can be segmented as retail, supply chain, aviation, healthcare, smart cards, public transit and other applications. Retail application market holds the largest share of RFID market. Retail accounted for over 30% of the total RFID market in 2014. Strong economical growth in emerging economies has been resulted into increased demand for transport and logistics. This in turn fueled the rapid growth of RFID in emerging economies. Transport and logistics is expected to be the major application market over the forecast period followed by retail. Additionally, increasing applications of RFID in inventory, product management, asset tracking, and provide solutions for anti-counterfeiting is expected to have a positive impact on the market. However, lower level of awareness among end-users is expected to hold back the growth of RFID market to some extent.
RFID market was dominated by North America with around 44% shares of total market in 2014. Strong demand for RFID in North America is mainly stemmed from U.S. North America is followed by Asia Pacific and Europe. However, Asia Pacific is expected to be one of the most lucrative regional markets in the coming years. Furthermore, rising awareness about patient safety and tracking of expensive medical devices, are among the key factors contributing to the market growth in all the regions.
Global RFID market is highly competitive, with the presence of well-established global market participants. Alien Technology Corporation, Applied Wireless Identifications Group, Inc., CAEN RFID S.r.l., GAO RFID Inc., Impinj, Inc., Intermec, Inc., Invengo Information Technology Ltd. Co., Motorola Solutions, Inc., Sato Holdings Corporation, STiD are some of the key vendors in the market.
This report segments the global RFID market as follows:
Global RFID Market: Product Segment Analysis
Global RFID Market: Application Segment Analysis
- Supply Chain
- Smart cards
- Public Transit
Global RFID Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Zion Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Zion Research experienced team of Analysts, Researchers, and Consultants uses proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each Zion Research syndicated research report covers a different sector — such as pharmaceuticals, chemical, energy, food and beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports strive to serve the overall research requirement of clients.
3422 SW 15 Street, Suit #8138
Deerfield Beach, Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
2019-2024 Global and Regional X-ray Detector Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Stoma/Ostomy Care Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Starter Fertilizers Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Smart Lock Industry Production, Sales and Consumption Status and Prospects Professional Market Research Report
2019-2024 Global and Regional Semi-Autonomous Vehicles Industry Production, Sales and Consumption Status and Prospects Professional Market Research ReportView More
Global Chitosan Market Set for Rapid Growth, To Reach USD 4.74 Billion by 2021
Zion Market Research has published a new report titled Chitosan Market for Water Treatment, Biomed
Development of e-commerce to Reshape Global Mobile Hotspot Router Market
Mobile hotspot is a popular feature on smart phones that provide wireless internet access on many
Global Carotenoids Market Is Expected To Reach Around USD 1.52 Billion in 2021
Zion Market Research has published a new report titled Carotenoids Market by Type (Astaxanthin, Be
Soaring Demand from Food & Beverages Industry to Act as Prime Driving for Ascorbic Acid Market, Reports Zion Market Research
Ascorbic acid is extensively available in nature, mostly rich in leafy vegetables and fresh fruits
Global Energy Management System (EMS) Market Is Set for a Rapid Growth and is Expected to Reach USD 63,161.5 million by 2021
Zion Market Research has published a new report titled Energy Management System Market (EMS) by So