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

Description

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

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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.

Companies Mentioned:
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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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 16
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 20
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 on value chain management 23
5.2.1.3 Expanding Internet of things (IoT) infrastructure 23
5.2.2 Restraints 24
5.2.2.1 End-user concerns on implementation cost 24
5.2.2.2 Security vulnerabilities and functional challenges 24
5.2.3 Opportunities 25
5.2.3.1 Applications of RFID technology in intelligent transportation System 25
5.2.3.2 RFID model for pharmaceutical supply chain 25
5.3 DRO – Impact Analysis 25
6 Product Type: Market Size and Analysis 27
6.1 Overview 27
6.2 Active RFID/RTLS Systems 28
6.3 Passive RFID Services, Networking, and Software 30
6.4 Passive RFID Interrogators 30
6.5 Passive RFID Tags 31
7 Application: Market Size and Analysis 33
7.1 Overview 33
7.2 Retail 34
7.3 Healthcare 36
7.4 Transportation and Logistics 37
7.5 Financial Services 37
7.6 Industrial 38
7.7 Government 39
7.8 Others 40
8 Regions: Market Size and Analysis 41
8.1 Overview 41
8.2 Americas 43
8.2.1 Overview 43
8.2.2 By Country – Market Size and Analysis 45
8.2.3 By Product Type – Market Size and Analysis 46
8.2.4 By Application – Market Size and Analysis 48
8.3 Europe 49
8.3.1 Overview 49
8.3.2 By Country – Market Size and Analysis 52
8.3.3 By Product Type – Market Size and Analysis 53
8.3.4 By Applications – Market Size and Analysis 55
8.4 Asia Pacific 56
8.4.1 Overview 56
8.4.2 By Country – Market Size and Analysis 58
8.4.3 By Product Type – Market Size and Analysis 59
8.4.4 By Application – Market Size and Analysis 61
8.5 Middle East and Africa (MEA) 63
8.5.1 Overview 63
8.5.2 By Country – Market Size and Analysis 66
8.5.3 By Product Type – Market Size and Analysis 67
8.5.4 By Application – Market Size and Analysis 69
9 Vendors Profile 70
9.1 Zebra Technologies Corporation 70
9.1.1 Overview 70
9.1.2 Key Financials 72
9.1.3 Product Offerings 73
9.1.4 Business Focus 73
9.1.5 SWOT Analysis 74
9.1.6 Geographic Revenue 75
9.1.7 Business Strategy 75
9.2 ASSA ABLOY 76
9.2.1 Overview 76
9.2.2 Key Financials 78
9.2.3 Product Offerings 79
9.2.4 Business Focus 79
9.2.5 SWOT Analysis 79
9.2.6 Geographic Revenue 81
9.2.7 Business Strategy 81
9.3 AVERY DENNISON CORPORATION. 82
9.3.1 Operating Segment Revenue 84
9.3.2 Product Offerings 84
9.3.3 Business Focus 85
9.3.4 SWOT Analysis 86
9.3.5 Geographic Revenue 87
9.3.6 Business Strategies 87
9.4 Honeywell International Inc. 88
9.4.1 Overview 88
9.4.2 Key Financials 89
9.4.3 Product Offerings 90
9.4.4 Business Focus 91
9.4.5 SWOT Analysis 92
9.4.6 Geographic Revenue 92
9.4.7 Business Strategies 93
9.5 Siemens AG 93
9.5.1 Overview 93
9.5.2 Product Offerings 95
9.5.3 Key Financials 97
9.5.4 Geographic Revenue 98
9.5.5 Business Focus 98
9.5.6 SWOT Analysis 99
9.5.7 Business Strategy 100
10 Companies to Watch for 101
10.1 Impinj, Inc. 101
10.1.1 Overview 101
10.1.2 Offerings 101
10.2 Identiv, Inc. 103
10.2.1 Overview 103
10.2.2 Offerings 103
10.3 Alien Technology, LLC. 105
10.3.1 Overview 105
10.3.2 Offerings 105
10.4 Omni-ID. 106
10.4.1 Overview 106
10.4.2 Offerings 106
10.5 Mojix, Inc. 108
10.5.1 Overview 108
10.5.2 Offerings 108
Annexure 110
Abbreviations 110

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