(MENAFNEditorial) iCrowdNewswire - Sep 21, 2018
Industry Outlook
RFID (Radio Frequency identification) technology has been being used for quite a while now notwithstanding, the ongoing development in its applications over a wide arrangement of enterprises, for example, medical, retail, defense and transport has impelled its implementation. The retail business is at the peak and has observed significant advancements with the utilization of RFID tags. An intriguing fact of the retail division is the manner in which it has effectively passed on the advantages of the technology to different enterprises in the production network with the assistance of the mandates. The RFID market is anticipated to develop at a significant CAGR over the forecast period.
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Market Segmentation
By Component
RFID Readers
RFID Tags
Low Frequency (LF)
Ultra-High Frequency (UHF)
High Frequency (HF)
Ultra-Wideband (UWB)
Microwave Frequency
RFID Software and Middleware
By Application
Aerospace and Defense
Agriculture
Logistics and Transportation
Automotive
Government
Healthcare
Retail and Consumer Goods
Regional Insights
On a global front, the RFID Market covers North America (United States, Canada and Mexico), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific), South America (Brazil, Argentina, Columbia, South Africa, Rest of South America) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA). The North American region possesses the biggest market share in the world, which can be credited to the large-scale application of RF tags in the retail and healthcare sectors.
Competitive Analysis
The leading players in the market are Smartrac, Alien Technology, Mojix Inc, NXP Semiconductors, Impinj, Zebra Technologies, TIBCO Software, Checkpoint Systems, RFID4U, Honeywell and Acreo Swedish. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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