The global Active RFID Tags market is set to experience a strong 7.6% CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR). The global Active RFID Tags market is mainly driven by the growing demand for accurate location reporting in a number of end use industries, including logistics and transportation, retail, and healthcare.

Active RFID Tags are a modernized version of the barcode and can be attached to any object for the purpose of identification and/or tracking. The added functionality of Active RFID Tags over barcodes has made them popular in a number of end-use industries, as barcodes do not provide tracking and location reporting services. The growing demand for Internet of Things technology is likely to make the incorporation of Active RFID Tags easier across the industrial spectrum, leading to steady growth of the global Active RFID Tags market over the forecast period.

The growing logistics and transportation industry is likely to be one of the major drivers for the global Active RFID Tags Market over the forecast period. The growing demand for long-distance shipping of packaged items has led to the need for accurate tracking, which has led to a growing demand for RFID technology. This is likely to remain an important driver for the global Active RFID Tags market over the forecast period, as the use of Active RFID Tags also improves the safety of the vehicle and driver in question.

Segmentation

The global Active RFID Tags market is segmented on the basis of type, application, and region.

By type, the global Active RFID Tags market is segmented into passive, active, and semi-passive Active RFID Tags. Passive tags accounted for the largest share in the global Active RFID Tags market in 2016 and are likely to remain a leading market segment due to their low cost and uncomplicated operating mechanism. Passive Active RFID Tags lack a power source of their own, leading to significantly lower costs than active Active RFID Tags.

By application, the global Active RFID Tags market is segmented into healthcare, retail, automotive, logistics and transportation, and others. The logistics and transportation segment is expected to be the leading revenue generator over the forecast period due to the growing demand for security in the transportation sector. The healthcare sector is also likely to emerge as a key consumer of Active RFID Tags due to the growing use of Active RFID Tags in patient identification and other healthcare processes.

Regional Analysis

North America is likely to remain the dominant regional market for Active RFID Tags over the forecast period due to the strong development of the RFID technology in the region and the growing demand for advanced Active RFID Tags from the region’s end users. Many leading players in the global Active RFID Tags market are situated in North America, giving the region an advantage in terms of quick and widespread distribution of advances in Active RFID Tags.

Competitive Analysis

Leading players in the global Active RFID Tags market include Tageos, CoreRFID Ltd., GAO RFID Inc., RF Code Inc., NXP Semiconductors N.V., Atmel Corporation, The Tag Factory, Smartrac N.V., Invengo Information Technology Co. Ltd., Impinj Inc., Omni-ID Ltd., Honeywell International Inc., HID Global Corporation, Confidex Ltd., and Alien Technology.

Players in the global Active RFID Tags market are likely to concentrate on product development and advancement over the forecast period, as the demand for extra functionality in Active RFID Tags is increasing. Mergers and acquisitions with relatively smaller, emergent players in the market are also likely to be a popular strategy for players in the global Active RFID Tags market.

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