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RFID tags are replacing barcodes in supply chains. As e-commerce industry is booming, the application RFID tags is surging. This is identified as a major cause that is likely to boost the expansion of RFID Tags Market Report.
Segmental Outline
The RFID Tags Market Report is segmented by types and application.
By type, the market is segmented into active, passive, and semi-passive. The passive RFID tags segment is estimated to have command on the market share in the years to come. Passive tags do not have source for internal power. Therefore they depend on power induced by a reader.
By end user, the market is segmented into automotive, healthcare, retail, logistics, transportation, and others. The logistics and transportation segment is likely to dominate the market in the years to come.
Regional Analysis
The RFID tag market in North America is expected to dominate in the years to come. The increase in governments’ initiatives to adopt RFID tags across different verticals in order to maintain a tight security is observed to be a major cause for the expansion of the market in North America. In addition, the burgeoning retail industry in the North America region is another factor that is expected to drive the market growth. The existence of major RFID tags producers in the region is anticipated to cast a positive influence on the market. The United States RFID Tags Market Report is expected to contribute majorly to the regional market expansion.
The Asia Pacific RFID market anticipated to thrive at a high CAGR across the review period. The surge in adoption these tags by the packaging sector is identified as the main factor that can prompt the market growth. Rising industrial expansion, as well as increasing, urbanize population in the developing countries provide the further boost the market.
Key Players
Confidex Ltd (Finland), Alien Technology (U.S.), Honeywell international Inc. (U.S.), HID Global Corporation (U.S.), Omni-ID Ltd (U.S.), Impinj, Inc. (U.S.), Smartrac N.V. (Netherlands), Invengo Information Technology Co. Ltd (China), Atmel Corporation (U.S.)
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