RFID Market

Report Description
Radio-Frequency Identification (RFID) refers to small electronic devices that consist of a
small chip and an antenna. RFID is basically used to provide unique identification to the
objects. The use of RFID technology came in use since last four decades. Because, it is
expensive and its practical use is limited for many commercial applications. Use of the
RFID in applications such as retail & supply chain management and automation &
transportation has penetrated globally and expected to reflect dynamic trends over the
forecast period.
Global RFID market Segmentation
Globally, RFID market is segmented on the basis of product, type, communication
frequency and application. On the basis of product, global RFID market is segmented into
– RFID tag, RFID reader and RFID middleware & services. The largest market share is held
by RFID reader and RFID tag is expected to reflect the highest CAGR over the forecast
period. Global RFID market can also be segmented on the basis of type such as active
RFID, passive RFID and Battery-Assisted Passive (BAP). Passive RFID holds largest market
share and BAP is expected to reflect highest CAGR over the forecast period. RFID
operates in wide ranges of communication frequencies and can be categorised into – low
frequency (LF) band, high frequency (HF) band and ultra-high frequency (UHF) band. As
the UHF RFIDs are used in wide range of applications, they are expected to reflect the
fastest growth over the forecast period. RFID has various applications in automation &
transportation, government, medical and healthcare, media & entertainment, retail &
supply chain management, enterprise access control, Defense & Military, banking &