RFID Market
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Global <strong>RFID</strong> <strong>Market</strong><br />
Share, Global Trends,<br />
Analysis, Research, Report,<br />
Opportunities,<br />
Segmentation and Forecast,<br />
2015-2025<br />
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Report Description<br />
Radio-Frequency Identification (<strong>RFID</strong>) refers to small electronic devices that consist of a<br />
small chip and an antenna. <strong>RFID</strong> is basically used to provide unique identification to the<br />
objects. The use of <strong>RFID</strong> technology came in use since last four decades. Because, it is<br />
expensive and its practical use is limited for many commercial applications. Use of the<br />
<strong>RFID</strong> in applications such as retail & supply chain management and automation &<br />
transportation has penetrated globally and expected to reflect dynamic trends over the<br />
forecast period.<br />
Global <strong>RFID</strong> market Segmentation<br />
Globally, <strong>RFID</strong> market is segmented on the basis of product, type, communication<br />
frequency and application. On the basis of product, global <strong>RFID</strong> market is segmented into<br />
– <strong>RFID</strong> tag, <strong>RFID</strong> reader and <strong>RFID</strong> middleware & services. The largest market share is held<br />
by <strong>RFID</strong> reader and <strong>RFID</strong> tag is expected to reflect the highest CAGR over the forecast<br />
period. Global <strong>RFID</strong> market can also be segmented on the basis of type such as active<br />
<strong>RFID</strong>, passive <strong>RFID</strong> and Battery-Assisted Passive (BAP). Passive <strong>RFID</strong> holds largest market<br />
share and BAP is expected to reflect highest CAGR over the forecast period. <strong>RFID</strong><br />
operates in wide ranges of communication frequencies and can be categorised into – low<br />
frequency (LF) band, high frequency (HF) band and ultra-high frequency (UHF) band. As<br />
the UHF <strong>RFID</strong>s are used in wide range of applications, they are expected to reflect the<br />
fastest growth over the forecast period. <strong>RFID</strong> has various applications in automation &<br />
transportation, government, medical and healthcare, media & entertainment, retail &<br />
supply chain management, enterprise access control, Defense & Military, banking &
Report Description<br />
finance and manufacturing. Automation & transportation application holds the largest<br />
market share and medical & healthcare application is expected to exhibit the highest<br />
CAGR over the forecast period.<br />
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Global <strong>RFID</strong> <strong>Market</strong>: Region-Wise Outlook<br />
Globally, The <strong>RFID</strong> market is segmented on the basis of geography into seven regions ?<br />
North America, Latin America, Eastern Europe, Western Europe, Japan, Asia-Pacific and<br />
Middle East & Africa. The global <strong>RFID</strong> market is expected to reflect an impressive double<br />
digit CAGR during the forecast period. At present, share contribution of North America is<br />
the highest in global <strong>RFID</strong> market. Europe, Asia-Pacific and japan regions are expected to<br />
show dramatic adoption of <strong>RFID</strong> products and solutions in upcoming decade. There is a<br />
huge demand for chip less <strong>RFID</strong> from developing countries such as India and china.<br />
<strong>Market</strong> in Latin America and Middle East & Africa are expected to show comparatively<br />
slow penetration. The players need to focus on developing low cost <strong>RFID</strong>s to attacks price<br />
sensitive customers in growing economies.<br />
Global <strong>RFID</strong> <strong>Market</strong>: Drivers<br />
Various <strong>RFID</strong> products and solutions are developed in response to increase in demand for<br />
affordable and efficient solutions to track and trace for various application in retail,<br />
transportation, smart card, supply chain etc. Government of various countries such as US,
Report Description<br />
UK, china etc. have mandated use of <strong>RFID</strong> for projects related to citizen identification and<br />
counterfeiting. Government policies to mandate use of <strong>RFID</strong> has fuelled the growth of<br />
<strong>RFID</strong> market globally. Research and development of <strong>RFID</strong> technology has paved the ways<br />
to emerging application of <strong>RFID</strong> along different industry verticals.<br />
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On other hand, High cost associated with manufacturing and implementation <strong>RFID</strong><br />
system hinders the growth of <strong>RFID</strong> market. Furthermore, lack of standardization and lack<br />
of backend data support pose challenge for full-fledged market growth. Tremendous<br />
opportunities lies in development of point-to-point solution as per customer<br />
requirement.<br />
Global <strong>RFID</strong> market: Key Players<br />
Global <strong>RFID</strong> market is a highly competitive market, characterised by active presence of<br />
many big players such as Alien Technology Corporation (US), Zebra Technologies<br />
Corporation (US), Toppan Forms Co. Ltd (Japan), Dai Nippon Printing Company Limited<br />
(Japan), 3M Company (US), Avery Dennison Corporation (US), Checkpoint Systems, Inc.<br />
(US), Confidex Ltd. (Finland), Intermec Inc. (US) and BASF SE (Germany). Players in <strong>RFID</strong><br />
market are focussing on technological developments to reduce cost of <strong>RFID</strong><br />
manufacturing and ensure return on investment. To cater to growing need of <strong>RFID</strong> in<br />
emerging applications, players need to focus on supply chain integration.<br />
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