The technology for transferring data from an electronic tag using radio waves is known as RFID. The term RFID stands for Radio Frequency Identification. It is basically an electronic label or tag attached with the products, this electronic tag is capable of being read through a reader for the purpose of tracking or identifying the product. Since past few years this industry has improved its standards by removing majority of the technological glitches which has led to make this industry capable of catering the interoperable requirements. Also this industry has reinforced the promotional and educational efforts by introduction of EPC Gen2 (Electronic Product Code Version 2) and UHF RFID (Ultra High Frequency RFID) types. The RFID technology is steadily transforming into a reliable and authentic choice for documentation. Though it took long for the RFID industry to reach where it is today, with the improvising technologies this industry is expected to witness a sharp growth in next few years.
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The supply chain and item level tagging application are the major growth driver of the RFID industry that are slowly gaining the popularity worldwide. Its ability to track and provide real-time data about the product has made it an important aspect for any business. As earlier mentioned the RFID had a slow growth in the past, some of the reasons for its gradual growth were, unnecessary intensive publicity and generalized emphasis on different RFID technology gears such as antennas, readers and tags, which contradicts to universal solution architectures, thus, hindering its wide-scale deployments. Also the ferocity of industry discussions about its standards and frequencies have contradicted the representation of its relevant uses and solution infrastructure. This industry is expected to envision growth in retail, healthcare and even airline industries. Along with the growth in these industries the new door of opportunities for RFID industry are expected to open in coming future.
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The RFID industry is segmented in the basis of product, type, communication frequency, application and region. The RFID industry segment product is further bifurcated into – RFID reader, RFID middleware & services and RFID tag. RFID tag and RFID reader beholds the largest share in the global RFID industry. Another segment of this industry is the type segment that is furthermore bifurcated into Battery-Assisted Passive (BAP), active & passive RFID. Passive RFID accounts for the largest share and BAP is projected to imitate highest growth rate during the forecast period. The industry comprises of another segment namely, communication frequencies and is segmented into – low & high frequency band (LF & HF respectively) and ultra-high frequency band (UHF). UHF RFIDs are more popular among various applications, thus they are predicted to imitate the rapid growth in next few years. RFID has numerous applications in government, automation & transportation, manufacturing, medical, BFSI, retail & supply chain, media & entertainment, enterprise access control and defense & military. Automation & transportation vertical captures the largest share in industry, whereas, medical & healthcare is predicted to show the highest growth rate in next few years. The region wise segmentation of the industry comprises of five regions in all that include South America, North America, Europe, Asia-Pacific and Middle East & Africa. Currently, North America is the dominating the global RFID industry. Europe and APAC regions are predicted to exhibit significant acceptance of RFID solutions and products in upcoming years. The RFID industry in MEA & SAM are predicted to exhibit moderately slow penetration.
Some of the key players in this industry are Alien Technology Corporation, Zebra Technologies Corporation, Toppan Forms Co. Ltd, Dai Nippon Printing Company Limited, 3M Company, Avery Dennison Corporation, Checkpoint Systems, Inc., Confidex Ltd., Intermec Inc. and BASF SE among others
Few Key Points from Table of Content
Global Radio Frequency Identification (RFID) Industry Revenue and Forecasts to 2025 – Application
- Automation & transportation
- Retail & Supply Chain
- Media & Entertainment
- Enterprise Access Control
- Defense & Military
Global Radio Frequency Identification (RFID) Industry Revenue and Forecasts to 2025 – Geographical Analysis
- North America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- South America (SAM)
Global Radio Frequency Identification (RFID) Industry, Key Company Profiles Included Key Facts, Business Description, Financial Overview, SWOT Analysis and Key Developments
- Alien Technology Corporation
- Zebra Technologies Corporation
- Toppan Forms Co. Ltd
- Dai Nippon Printing Company Limited
- 3M Company
- Avery Dennison Corporation
- Checkpoint Systems, Inc
- Confidex Ltd.
- Intermec Inc.
- BASF SE
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