RFID Market with COVID-19 Impact Analysis by Product Type (Tags, Readers, and Software and Services), Wafer Size, Tag Type (Passive Tags and Active Tags), Frequency, Applications, Form Factor, Material, and Region - Global Forecast to 2026
[235 Pages Report] The global RFID market is estimated to be USD 10.7 billion in 2021 and projected to reach USD 17.4 billion by 2026; at a CAGR of 10.2%. Key factors fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19.
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COVID-19 Impact on the Global RFID Market
The RFID market includes key companies such as Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj, HID Global, GAO RFID, Identiv, Invengo, and Nedap. These suppliers have their design and manufacturing facilities and corporate offices spread across various countries across Asia Pacific, Europe, Americas, and RoW. The RFID solutions offered by these companies are used by several industries for various applications. COVID-19 not only impacted the operations of the various RFID companies, but also affected the businesses of their partners and distributers. The fall in demand for expensive retail products worldwide due to lockdown measures, along with supply chain disruptions, is expected to have slowed down the growth of the RFID market. The falling global demand for automobiles is also expected to have a mid-term impact on the automotive RFID market. Although governments in developing regions have mandated the RFID tagging on vehicles for tolling, the slowdown in travel has currently restricted the deployment of RFID tags. Manufacturing facilities across several sectors, such as automotive and consumer electronics, re-opened post-third quarter of 2020 as lockdown measures were lifted in various countries. Still, factories in the European region are yet to function at pre-COVID-19 levels due to social distancing norms.
RFID Market Dynamics
Driver: Increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19
Manufacturing facilities need to monitor equipment condition and performance, defects in processes, and system failures, and ensure predictive maintenance of equipment and systems through the integration of specialized tools and adoption of quality management practices. The use of RFID technology for plant asset management helps manufacturers achieve this goal. A combination of RFID tags and sensor solutions is an ideal solution for various locations in a manufacturing facility, such as conveyors, cameras, boilers, tanks, pipes, etc., to manage and maintain the quality and output of a manufacturing process. RFID tags are attached to movable assets in the industries such as tools, manufacturing equipment, and process components (e.g., doors, engine, wheels, mirrors, and other parts of an automobile) that are part of a final product to track them in the process. The use of RFID solutions not only helps track the parts but also helps understand the lifecycle of manufacturing equipment. The increase in penetration of these solution is projected to increase worldwide with the growth of the RFID market.
In the current scenario of the COVID-19 pandemic, many companies have faced a slowdown in operations due to the lockdown and restrictions on working norms from governments. Companies need to ensure adherence to social distancing mandates within the plant. Using RFID technology with industrial automation solutions, companies can revive faster than what was predicted during mid-2020. The benefits of RFID help manufacturers not only track the parts and equipment remotely but also help to identify if more than the stipulated number of people have gathered at a point.
Restraint: High purchase, installation, and maintenance costs
The installation cost of an RFID system can range from USD 2 million to 5 million for a standard active real-time monitoring system. This cost can differ according to end-use industry and installation area. High installation cost is one of the major restraining factors for the implementation of RFID technology. Adoption of RFID systems in any industry requires high investments, including the purchase cost of RFID tags, readers, and software, and the costs associated with replacement services and electricity. Add-on features such as continuous accuracy checking of systems, IoT integration, and training costs make RFID solutions more costly. This results in a low adoption rate of RFID systems.
Opportunity: Rising need for contact-tracing solutions due to COVID-19
Many businesses and offices worldwide have resumed their operations after the COVID-19-induced lockdowns were lifted. However, governments have mandated such companies to maintain social distancing and low employee capacity. If the norms are not followed, a single case of COVID-19 can potentially lead to the closure of an entire facility and require decontamination before restarting the operations. To avoid such a situation, large companies are undertaking various precautionary measures, including contact-tracing solutions. To capitalize on the growing need for contact-tracing solutions, many RFID solutions providers have been launching new products or enhancing existing products to suit the needs of their customers during the COVID-19 pandemic. For instance, in May 2020, Ubisense launched its new enterprise contact-tracing solution to protect workers, minimize business downtime, and help businesses regain control over productivity and revenue.
Challenges: Lack of awareness about RFID solutions and expert workforce
Currently, the awareness about the RFID technology among end users is very low. End users are still working with traditional identification practices such as alphanumeric labeling, numbering, or barcodes for tracking the assets manually. The use of RFID technology is assumed to be expensive by many end users due to low or no acknowledgment of its long-term benefits. Traditional asset tracking is majorly followed in many countries in APAC and RoW. The customers lack the knowledge and expertise regarding RFID technology, due to which they fail to leverage the potential benefits of RFID in their business. These factors act as barriers to the adoption of RFID solutions.
RFID Tag segment is expected to register higher CAGR during the forecast period
The tag segment of the RFID market, by product is projected to grow at a higher CAGR during the forecast period. Tags are the most widely used components in the RFID market. These devices are attached to several industrial and commercial assets, including manufacturing equipment and other industrial machinery, industrial materials, products, retail products, inventory, logistic containers, labels on products and groups of products, IV pumps, ECGs, and wheelchairs. The large-scale use of tags and ease of use for tracing any kind of asset is the major reason for the adoption of RFID tags. This could drive the demand for RFID tags in years ahead.
Passive tags to register higher growth rage during the forecast period
The passive tags segment of RFID tag market, by tag type, is expected to register higher CAGR during forecast period. Passive tags do not require an external power source. These are inexpensive and smaller, and easier to manufacture than active tags. Passive RFID tags have various applications and are commonly used to track goods in pharmaceuticals, retail, supply chain, enterprise, and other industries. Zebra Technologies, Avery Dennison, Alien Technology, Omni-ID, HID Global, Honeywell, and Mozix are some of the leading providers of passive RFID tags. With the increasing penetration of passive tags as RAIN RFID frequency, the market for these tags is expected to grow at the highest CAGR during the forecast period.
The ultra-high-frequency (UHF) tags accounted for largest share of RFID tag market in 2020
UHF tags can be classified into 2 types on the basis of frequency range: passive tags and active tags. UHF passive RFID tags offer the longest read range and highest reading speed among all passive tags. These tags have a frequency range of 860–960 MHz. UHF passive tags can be read from an average distance of about 5–6 meters; larger UHF passive tags can read more than 30 meters in ideal conditions. UHF active tags have 2 major operating frequencies: 433 MHz and 2.45 GHz. These tags have the longest read range among all tags, i.e., around 150 meters. These tags are largely used for applications such as asset tracking, asset counting, inventory management, supply chain management, vehicle tagging, and manufacturing equipment and product part tagging. Due to rising adoption of UHF tags in these applications, the market for UHF tags is high and is expected to be the same during the forecast period.
The logistics and supply chain application held largest share of RFID tag market in 2020
The dominance of this segment is due to the high adoption of tracking systems by logistics organizations to track and monitor their cargo in transit through air, road, or marine. RFID solutions help industries optimize their supply chain by better managing warehouse inventory, tracking shipments, and streamlining the best route for the supply chain. Supply chain companies are facing major issues in ensuring that the right product is delivered at the right location at the right time. Such companies are deploying RFID tags on containers and freight systems to have real-time visibility of the cargo. The involvement of governments in the global supply chain has led to the use of RFID tags on freight to locate and track them for secure transport. These activities are expected to drive the growth of the RFID tag market for logistics and supply chain application.
Americas is expected to register largest market share in terms of value for RFID tag market globally during the forecast period
The high adoption of RFID systems in the US is a major factor that has led to the prominent position of the Americas in the RFID market. Retail, manufacturing, transportation, logistics and supply chain, animal tracking, healthcare, defense, and IT asset tracking are the major applications for the RFID tag market in the US as well as throughout the Americas. The use of RFID is high in supply chain monitoring for tracking assets in real time. Various hospitals in the US are using RFID tags for applications such as equipment tracking, patient monitoring, and other tracking tasks. These developments are expected to drive the growth of the RFID tag market in the region.
The recent COVID-19 pandemic is expected to impact the global RFID industry. The entire supply chain got disrupted due to limited supply of parts during the first quarter of 2020. For instance, the outbreak of COVID-19 in China resulted in lockdown measures which included the shutdown of manufacturing facilities and warehouses and affected the global exports and shipments of various industries. The lockdown measures announced in several countries across the globe as they got impacted by the COVID-19 pandemic also led to a fall in the domestic and export demand for consumer electronics, automotive vehicles, and other industrial equipment and embedded devices in these countries. Due to slow down in shipment the demand for RFID tags used for tracking these assets also got affected.
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Key Market Players
The RFID market is dominated by a few globally established players such as Avery Dennison (US), Zebra Technologies (US), Honeywell (US), NXP Semiconductors (Netherlands), and Impinj (US).
These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, collaborations, expansions, and acquisitions to strengthen their position in the market.
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|
Report Metric |
Details |
|
Market Size Available for Years |
2017–2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021–2026 |
|
Forecast Unit |
Value (USD Million/Billion) |
|
Segments Covered |
By Product Type, By Wafer Size, By Tag Type, By Frequency, By Application, By Form Factor, By Material |
|
Geographic Regions Covered |
APAC, Americas, and EMEA (includes Europe, Middle East, and Africa) |
|
Companies Covered |
The major players include Avery Dennison (US), Zebra Technologies (US), Honeywell (US), NXP Semiconductors (Netherlands), and Impinj (US) (Total 25 companies) |
This report categorizes the RFID market based on product type, wafer size, tag type, frequency, form factor, material, and application at the regional and global level.
By Product Type
- Tags
- Readers
- Software and Services
By Wafer Size
- 8 Inch
- Others
By Tag Type
- Active Tags
- Passive Tags
By Frequency
- Low Frequency
- High Frequency
- Ultra-high Frequency (UHF)
By Application
- Agriculture
- Commercial
- Transportation
- Healthcare
- Logistics & Supply Chain
- Aerospace
- Defense
- Retail
- Security and Access Control
- Sports
- Animal Tracking
- Ticketing
By Form Factor
- Card
- Implant
- Key Fob
- Label
- Paper Ticket
- Band
- Others
By Material
- Plastic
- Paper
- Glass
- Others
By Region
- Americas
- EMEA
- APAC
Recent Developments
- In September 2020, Avery Dennison introduced the AD-332u8 RAIN RFID inlay that excels in high density, close proximity conditions and can be used for inventory accuracy (item-level tagging) and supply chain management. AD-332u8 inlays are equipped with UCODE 8 chips from NXP, featuring 128 bits of EPC memory and a 96-bit Tag IDentifier (TID) with a 48-bit unique serial number factory-encoded into the TID. The new RAIN RFID inlay measures 70 x 14.5mm—the market’s smallest product that meets ARC category H specifications.
- In September 2020, Avery Dennison launched its dual-technology AD-362r6-P inlay that combines item-level tracking and digital ID capabilities of a high-performance RAIN RFID (UHF) tag. This tag is suitable for a wide range of retail apparel products and applications with the secondary loss prevention functionality of an EAS tag. AD-362r6-P inlays are a unique dual-technology design incorporating a UHF RFID inlay and an electronic article surveillance (EAS) tag in a single die-cut label.
- In June 2020, NXP Semiconductors launched the MIFARE DESFire EV3 IC that ushers next-generation performance, advanced security, and seamless integration of mobile services for a new era of security and connectivity in smart city services. The IC is backward-compatible and offers enhanced performance with a greater operating distance and improved transaction speed.
- In May 2020, Smartrac partnered with SUKU (US), a blockchain startup, to introduce a digital verification solution to authenticate COVID-19 testing kits and personal protective equipment (PPE). The NFC-powered platform enables instant verification of authenticity and provides end-to-end supply chain transparency. By equipping COVID-19 test kits and PPE with Smartrac’s Circus NFC tags, the solution uses Avery Dennison’s Digital Identity Platform to feed tag data to SUKU’s blockchain-based supply chain application.
- In March 2020, Avery Dennison announced the acquisition of Smartrac’s Transponder business for USD 276 Million (€225 million), subject to customary adjustments.
Frequently Asked Questions (FAQ):
What is the current size of the global RFID market?
The global RFID market is estimated to be USD 10.7 billion in 2021 and projected to reach USD 17.4 billion by 2026, at a CAGR of 10.2%. Major factors driving the growth of the RFID market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19.
Who are the winners in the global RFID market?
Companies such as Avery Dennison (US), Zebra Technologies (US), Honeywell (US), NXP Semiconductors (Netherlands), Impinj (US) fall under the winner’s category. These companies cater to the requirements of their customers by providing advanced RFID solutions and technologies with a presence in multiple countries.
What is the COVID-19 impact on RFID suppliers?
The shutdown of manufacturing facilities globally combined with strict restrictions over social movement in various COVID-19 affected countries impacted the operations of RFID manufacturing facilities. Additionally, the first quarter of 2020 also witnessed disruption in global supply chain operations and logistics related services due to limited air and road movement. The slow demand for automobile vehicles, transport, and other consumer electronics due to lockdown measures had a global impact on the RFID market. All these factors resulted in marginal dip of market size of the RFID. After the short-term impact of COVID-19 increase in the penetration of RFID in retail, logistics and supply chain, aerospace, and hospital applications is however, expected to have a positive impact on the RFID market.
What are the opportunities for the existing players and for those who are planning to enter in various stages of the RFID value chain?
There are various opportunities for the existing players to enter the value chain of RFID industry. Some of these include the rising need for contact-tracing solutions due to COVID-19, growing trend of hybrid RFID solutions, and rising adoption of RFID tags for Industry 4.0, IoT, and smart manufacturing. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 28)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 GENERAL INCLUSIONS AND EXCLUSIONS
1.2.2 INCLUSIONS AND EXCLUSIONS FOR PRODUCT TYPE SEGMENTS
1.2.3 INCLUSIONS AND EXCLUSIONS FOR APPLICATION SEGMENTS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 RFID MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY
1.5 PACKAGE SIZE
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 2 RFID MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primary interviews
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.2 MARKET SIZE ESTIMATION
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BASED ON SALES
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2, BOTTOM-UP (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES BASED ON SALES
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for estimating market size using bottom-up approach (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for estimating market size using top-down approach (supply-side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS OF THE STUDY
3 EXECUTIVE SUMMARY (Page No. - 45)
FIGURE 8 IMPACT ANALYSIS OF COVID-19 ON RFID MARKET
3.1 PRE-COVID-19 SCENARIO
3.2 PESSIMISTIC SCENARIO (POST-COVID-19)
3.3 OPTIMISTIC SCENARIO (POST-COVID-19)
3.4 REALISTIC SCENARIO (POST-COVID-19)
FIGURE 9 TAGS SEGMENT TO GROW AT HIGHEST CAGR AMONG RFID PRODUCTS
FIGURE 10 PASSIVE TAGS TO HOLD A LARGER SHARE OF RFID MARKET
FIGURE 11 ULTRA-HIGH-FREQUENCY TAGS TO BE THE FASTEST-GROWING SEGMENT FROM 2021 TO 2026
FIGURE 12 LOGISTICS AND SUPPLY CHAIN APPLICATION TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
FIGURE 13 APAC MARKET FOR RFID TAGS TO GROW AT HIGHEST CAGR FROM 2021 TO 2026
4 PREMIUM INSIGHTS (Page No. - 51)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN RFID MARKET
FIGURE 14 INCREASING GLOBAL DEMAND FROM LOGISTICS AND SUPPLY CHAIN, RETAIL, HEALTHCARE, AND COMMERCIAL APPLICATION TO SPUR MARKET GROWTH
4.2 RFID TAG MARKET, BY FORM FACTOR
FIGURE 15 LABEL TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET BY 2026
4.3 RFID TAG MARKET, BY MATERIAL
FIGURE 16 PLASTIC TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET BY 2026
4.4 AMERICAS: RFID TAG MARKET, BY APPLICATION & COUNTRY
FIGURE 17 LOGISTICS AND SUPPLY CHAIN APPLICATION AND US TO ACCOUNT FOR LARGEST SHARE OF RFID TAG MARKET IN AMERICAS
4.5 RFID TAG MARKET, BY COUNTRY
FIGURE 18 RFID TAG MARKET IN JAPAN IS PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 54)
5.1 INTRODUCTION
5.2 HISTORY AND EVOLUTION
5.3 MARKET DYNAMICS
FIGURE 19 RFID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.3.1 DRIVERS
5.3.1.1 Increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19
5.3.1.2 Growing market competitiveness leading to availability of cost-effective RFID solutions
5.3.1.3 High returns on investment
TABLE 1 TYPICAL RETURNS ON INVESTMENT (ROI) FROM RFID (RTLS) DEPLOYMENT IN HOSPITALS
TABLE 2 TYPICAL LOSSES IN DATA CENTERS DURING MANUAL ASSET MANAGEMENT FOR ~40K SQ. FT. AREA
5.3.1.4 Increasing regulations and government initiatives for various industries
5.3.1.5 Ability of RFID solutions to help healthcare organizations check spread of COVID-19
FIGURE 20 IMPACT ANALYSIS: DRIVERS
5.3.2 RESTRAINTS
5.3.2.1 Concerns regarding data security and privacy
5.3.2.2 High purchase, installation, and maintenance costs
FIGURE 21 IMPACT ANALYSIS: RESTRAINTS
5.3.3 OPPORTUNITIES
5.3.3.1 Rising need for contact-tracing solutions due to COVID-19
5.3.3.2 Growing trend of hybrid RFID solutions
5.3.3.3 Rising adoption of RFID tags for Industry 4.0, IoT, and smart manufacturing
5.3.3.4 Soaring demand for RFID solutions in developing regions
FIGURE 22 IMPACT ANALYSIS: OPPORTUNITIES
5.3.4 CHALLENGES
5.3.4.1 Lack of backend support for large volumes of data
5.3.4.2 Lack of awareness about RFID solutions and expert workforce
5.3.4.3 Supply chain disruptions due to COVID-19
FIGURE 23 IMPACT ANALYSIS: CHALLENGES
5.4 AVERAGE SELLING PRICE TREND
5.4.1 COST ANALYSIS
5.4.1.1 Major factors affecting manufacturing cost
FIGURE 24 ASP TRENDS OF RFID TAGS AND READERS
5.4.1.2 Manufacturing cost structure analysis
FIGURE 25 BREAKDOWN OF TOTAL OWNERSHIP COST OF AN RFID SYSTEM
5.4.1.3 Basic cost breakdown of tags by frequency
TABLE 3 ESTIMATED PRICE OF INLAYS FOR TAGS BASED ON DIFFERENT SUBSTRATE/ METALLIZATION FOR DIFFERENT FREQUENCIES
5.4.2 PROFIT MARGIN ANALYSIS
FIGURE 26 RFID MARKET: PROFIT MARGINS PER WAFER FOR CHIPS
5.5 VALUE CHAIN ANALYSIS
FIGURE 27 RFID MARKET: VALUE CHAIN ANALYSIS
5.5.1 EQUIPMENT AND COMPONENT MANUFACTURERS
5.5.2 CONNECTIVITY TECHNOLOGY PROVIDERS
5.5.3 RFID HARDWARE AND SOFTWARE PROVIDERS
5.5.4 SYSTEM INTEGRATORS AND SERVICE PROVIDERS
5.5.5 END USE
5.6 MARKET MAP
FIGURE 28 KEY PLAYERS IN RFID ECOSYSTEM
5.7 TRENDS/DISRUPTIONS IMPACTING THE BUSINESS OF CUSTOMERS
5.7.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR RFID MARKET
FIGURE 29 REVENUE SHIFT FOR RFID MARKET
5.8 TECHNOLOGY ANALYSIS
5.8.1 RFID TECHNOLOGY COMPARISON
TABLE 4 COMPARISON OF RFID TAGS BASED ON ACTIVE AND PASSIVE FREQUENCIES
5.8.2 RFID TECHNOLOGY NODE ANALYSIS
TABLE 5 TECHNOLOGY MATRIX OF TOP 3 CHIP MANUFACTURERS
5.9 CASE STUDY ANALYSIS
5.9.1 SYNGENTA SELECTS CORERFID FOR AUTOMATED SOLUTION
5.9.2 MX GROUP SELECTS CORERFID FOR RFID SOLUTION
5.9.3 ADIDAS SELECTS NEDAP FOR RFID READER SOLUTION
5.9.4 DRMP SELECTS ZEBRA TECHNOLOGIES FOR RFID TECHNOLOGY
5.10 PATENT ANALYSIS
TABLE 6 IMPORTANT INNOVATIONS AND PATENTS REGISTRATION, 2012–2020
5.11 REGULATORY ANALYSIS
5.11.1 US
5.11.2 CANADA
5.11.3 EUROPE
5.11.4 INDONESIA
5.11.5 INDIA
5.12 TRADE DATA
TABLE 7 IMPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION)
TABLE 8 EXPORT DATA, BY COUNTRY, 2015–2019 (USD MILLION)
6 RFID MARKET, BY PRODUCT (Page No. - 78)
6.1 INTRODUCTION
FIGURE 30 RFID MARKET, BY PRODUCT
FIGURE 31 TAGS SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE IN RFID MARKET DURING FORECAST PERIOD
TABLE 9 RFID MARKET, BY PRODUCT, 2017–2020 (USD BILLION)
TABLE 10 MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
TABLE 11 MARKET, BY PRODUCT, 2017–2020 (MILLION UNITS)
TABLE 12 RFID MARKET, BY PRODUCT, 2021–2026 (MILLION UNITS)
6.2 TAGS
6.2.1 TAGS ACCOUNTED FOR LARGEST SHARE OF RFID MARKET IN 2020
6.3 READERS
TABLE 13 RFID MARKET, BY READER TYPE, 2017–2020 (USD MILLION)
TABLE 14 RFID MARKET, BY READER TYPE, 2021–2026 (USD MILLION)
TABLE 15 RFID MARKET, BY READER TYPE, 2017–2020 (MILLION UNITS)
TABLE 16 RFID MARKET, BY READER TYPE, 2021–2026 (MILLION UNITS)
6.3.1 FIXED READERS
6.3.1.1 Ruggedness and cost-effectiveness of readers primarily drive fixed readers market
TABLE 17 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 18 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 19 FIXED RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 20 FIXED RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
6.3.2 HANDHELD READERS
6.3.2.1 Handheld readers are adopted mainly due to their mobility
TABLE 21 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (USD MILLION)
TABLE 22 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)
TABLE 23 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2017–2020 (THOUSAND UNITS)
TABLE 24 HANDHELD RFID READER MARKET, BY PRODUCT TYPE, 2021–2026 (THOUSAND UNITS)
TABLE 25 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 26 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 27 HANDHELD RFID READER MARKET, BY FREQUENCY, 2017–2020 (THOUSAND UNITS)
TABLE 28 HANDHELD RFID READER MARKET, BY FREQUENCY, 2021–2026 (THOUSAND UNITS)
TABLE 29 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 30 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (USD MILLION)
TABLE 31 HANDHELD RFID READER MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
TABLE 32 HANDHELD RFID READER MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
6.4 SOFTWARE AND SERVICES
6.4.1 RECURRING REQUIREMENT OF SERVICES AND GROWING ADOPTION OF CLOUD-BASED MODELS FOR DATA ANALYSIS WOULD DRIVE SOFTWARE AND SERVICES MARKET
TABLE 33 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 34 RFID SOFTWARE & SERVICES MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7 RFID MARKET, BY TAG (Page No. - 90)
7.1 WAFER SIZE
FIGURE 32 BY WAFER SIZE, OTHERS SEGMENT IS PROJECTED TO GROW AT A HIGHER CAGR
TABLE 35 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (USD BILLION)
TABLE 36 RFID TAG MARKET, BY WAFER SIZE, 2021–2026 (USD BILLION)
TABLE 37 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (MILLION UNITS)
TABLE 38 RFID TAG MARKET, BY WAFER SIZE, 2021–2026 (MILLION UNITS)
7.2 TAG TYPE
FIGURE 33 PASSIVE RFID TAGS TO GROW AT A HIGHER CAGR DURING FORECAST PERIOD
TABLE 39 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (USD BILLION)
TABLE 40 RFID TAG MARKET, BY TAG TYPE, 2021–2026 (USD BILLION)
TABLE 41 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (MILLION UNITS)
TABLE 42 RFID TAG MARKET, BY TAG TYPE, 2021–2026 (MILLION UNITS)
7.2.1 PASSIVE TAGS
7.2.1.1 Passive tags to account for a larger share of RFID tag market by 2026
TABLE 43 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 44 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 45 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS)
TABLE 46 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (MILLION UNITS)
TABLE 47 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 48 PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 49 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 50 PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.2.2 ACTIVE TAGS
7.2.2.1 Benefit of real-time monitoring of assets is expected to boost active tag market
TABLE 51 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 52 ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 53 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 54 ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.3 FREQUENCY
FIGURE 34 ULTRA-HIGH FREQUENCY IS PREDOMINANTLY USED IN RFID TAGS
TABLE 55 RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
TABLE 56 RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
TABLE 57 MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS)
TABLE 58 MARKET, BY FREQUENCY, 2021–2026 (MILLION UNITS)
7.3.1 LOW FREQUENCY
7.3.1.1 Animal tagging, access control, and ticketing applications are mainly contributing to growth of low frequency segment
TABLE 59 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 60 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 61 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 62 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.3.2 HIGH FREQUENCY
7.3.2.1 Retail, security, and supply chain applications are mainly contributing to growth of high frequency segment
TABLE 63 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 64 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 65 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 66 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.3.3 ULTRA-HIGH FREQUENCY (UHF)
7.3.3.1 Passive ultra-high-frequency tags to contribute more than active ultra-high-frequency tags in market growth
TABLE 67 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 68 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 69 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 70 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
TABLE 71 ULTRA-HIGH-FREQUENCY PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 72 ULTRA-HIGH-FREQUENCY PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 73 ULTRA-HIGH-FREQUENCY PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 74 ULTRA-HIGH-FREQUENCY PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
TABLE 75 ULTRA-HIGH-FREQUENCY ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 76 ULTRA-HIGH-FREQUENCY ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 77 ULTRA-HIGH-FREQUENCY ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 78 ULTRA-HIGH-FREQUENCY ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.4 APPLICATION
FIGURE 35 LOGISTICS AND SUPPLY CHAIN APPLICATION TO CONTRIBUTE LARGEST SHARE TO RFID TAG MARKET IN 2026
TABLE 79 RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 80 RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 81 MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
TABLE 82 MARKET, BY APPLICATION, 2021–2026 (MILLION UNITS)
7.4.1 AGRICULTURE
7.4.1.1 Use of RFID tags for cold chain monitoring is expected to drive agriculture segment
TABLE 83 RFID TAG MARKET FOR AGRICULTURE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 84 MARKET FOR AGRICULTURE, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.2 COMMERCIAL
7.4.2.1 RFID tag market in commercial segment is majorly driven by applications such as IT assets tracking, industrial materials management, educational institutes, and libraries
TABLE 85 RFID TAG MARKET FOR COMMERCIAL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 86 MARKET FOR COMMERCIAL, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.3 TRANSPORTATION
7.4.3.1 Road tolling, parking management, and key fob access are major applications of RFID solutions in transportation
TABLE 87 RFID TAG MARKET FOR TRANSPORTATION, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 88 MARKET FOR TRANSPORTATION, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.4 HEALTHCARE
7.4.4.1 Patient monitoring is anticipated to be a highly promising application during forecast period
TABLE 89 RFID TAG MARKET FOR HEALTHCARE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 90 MARKET FOR HEALTHCARE, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.5 LOGISTICS AND SUPPLY CHAIN
7.4.5.1 Logistics and supply chain held largest share of RFID tag market in 2020
TABLE 91 RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 92 MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.6 AEROSPACE
7.4.6.1 Baggage tagging application has a huge market potential during forecast period
TABLE 93 RFID TAG MARKET FOR AEROSPACE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE MARKET FOR AEROSPACE, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.7 DEFENSE
7.4.7.1 RFID tags are majorly used in border security and weapon movement tracking
TABLE 95 RFID TAG MARKET FOR DEFENSE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 96 MARKET FOR DEFENSE, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.8 RETAIL
7.4.8.1 Retail is second-largest application segment for RFID tag market
TABLE 97 RFID TAG MARKET FOR RETAIL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 98 MARKET FOR RETAIL, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.9 SECURITY AND ACCESS CONTROL
7.4.9.1 RFID card tags are largely used for physical access control and payment applications
TABLE 99 RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 100 MARKET FOR SECURITY AND ACCESS CONTROL, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.10 SPORTS
7.4.10.1 Wrist bands are majorly used in many sports activities and contribute to RFID tag market growth
TABLE 101 RFID TAG MARKET FOR SPORTS, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 102 MARKET FOR SPORTS, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.11 ANIMAL TRACKING
7.4.11.1 Animal tracking is a large market for RFID tags due to extensive use of ear tags and implant tags
TABLE 103 RFID TAG MARKET FOR ANIMAL TRACKING, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 104 MARKET FOR ANIMAL TRACKING, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.12 TICKETING
7.4.12.1 Ticketing is expected to witness significant growth during forecast period
TABLE 105 RFID TAG MARKET FOR TICKETING, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
TABLE 106 MARKET FOR TICKETING, BY MATERIAL TYPE, 2021–2026 (USD MILLION)
7.4.13 MOST IMPACTED VERTICAL BY COVID-19
7.4.13.1 Security and access control
FIGURE 36 PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR SECURITY AND ACCESS CONTROL
TABLE 107 PRE-COVID-19 AND POST-COVID-19 SCENARIO: RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, 2017–2026 (USD MILLION)
7.4.13.2 Impact analysis
7.4.14 LEAST IMPACTED VERTICAL BY COVID-19
7.4.14.1 Logistics and supply chain
FIGURE 37 PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR LOGISTICS AND SUPPLY CHAIN
TABLE 108 PRE-COVID-19 AND POST-COVID-19 SCENARIO: RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, 2017–2026 (USD BILLION)
7.4.14.2 Impact analysis
7.4.14.3 Steps taken by logistics and supply chain industry to mitigate impact of COVID-19
7.5 FORM FACTOR
FIGURE 38 LABEL TAGS TO HOLD LARGEST SHARE OF RFID TAG MARKET IN 2020
TABLE 109 RFID TAG MARKET, BY FORM FACTOR, 2017–2020 (USD MILLION)
TABLE 110 RFID TAG MARKET, BY FORM FACTOR, 2021–2026 (USD MILLION)
7.5.1 CARD
7.5.1.1 RFID card tags are majorly used for access control, personal identification, and security applications
TABLE 111 RFID CARD TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 112 RFID CARD TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.5.2 IMPLANT
7.5.2.1 Use of glass tags in animal identification majorly contributes to growth of implant tag market
TABLE 113 RFID IMPLANT TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 114 RFID IMPLANT TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.5.3 KEY FOB
7.5.3.1 Use in access control and transportation applications contributes to growth of key fob segment
TABLE 115 RFID KEY FOB TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 116 RFID KEY FOB TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.5.4 LABEL
7.5.4.1 Agriculture, logistics and supply chain, and retail applications mostly deploy RFID label tags
TABLE 117 RFID LABEL TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 118 RFID LABEL TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.5.5 PAPER TICKET
7.5.5.1 Paper-based RFID tags are majorly used for travel tickets, event tickets, and amusement park tickets
7.5.6 BAND
7.5.6.1 RFID wristbands are majorly used in sports activities, baggage tagging at airports, and animal tagging
TABLE 119 RFID BAND TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 120 RFID BAND TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.5.7 OTHER FORM FACTORS
TABLE 121 OTHER RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 122 OTHER RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.6 MATERIAL
FIGURE 39 PLASTIC FORM FACTOR TO HOLD LARGEST SHARE OF RFID TAG MARKET IN 2026
TABLE 123 RFID TAG MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
TABLE 124 RFID TAG MARKET, BY MATERIAL, 2021–2026 (USD MILLION)
7.6.1 PLASTIC
7.6.1.1 Plastic-based RFID tag market growth is attributed to rising adoption of access cards
TABLE 125 PLASTIC RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 126 PLASTIC RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.6.2 PAPER
7.6.2.1 Paper-based RFID tags are majorly available in label, ticket, and band form factors
TABLE 127 RFID PAPER TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 128 RFID PAPER TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.6.3 GLASS
7.6.3.1 Growth of glass-based RFID tag market is attributed to increasing application in animal tracking
TABLE 129 RFID GLASS TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 130 RFID GLASS TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
7.6.4 OTHER MATERIALS
TABLE 131 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 132 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
8 GEOGRAPHIC ANALYSIS (Page No. - 148)
8.1 INTRODUCTION
FIGURE 40 RFID TAG MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 133 MARKET, BY REGION, 2017–2020 (USD BILLION)
TABLE 134 MARKET, BY REGION, 2021–2026 (USD BILLION)
8.2 AMERICAS
FIGURE 41 SNAPSHOT: RFID TAG MARKET IN AMERICAS
TABLE 135 AMERICAS: MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 136 AMERICAS: MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 137 AMERICAS: MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 138 AMERICAS: MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION)
8.2.1 US
8.2.1.1 US accounted for largest share of RFID tag market in Americas in 2020
8.2.2 CANADA
8.2.2.1 Healthcare sector to generate growth opportunities for RFID solutions in Canada
8.2.3 MEXICO
8.2.3.1 RFID market in Mexico is expected to witness significant growth
8.2.4 BRAZIL
8.2.4.1 Brazil to emerge as a key contributor to RFID market in Americas
8.2.5 REST OF AMERICAS
8.2.5.1 Petroleum, mining, and oil & gas are key contributors to RFID market growth in the Rest of Americas
8.2.6 IMPACT OF COVID-19 ON AMERICAS
8.2.6.1 High demand for RFID solutions in various service- and manufacturing-based industries during COVID-19 pandemic to boost market growth
FIGURE 42 AMERICAS: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION)
TABLE 139 AMERICAS: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION)
8.3 EUROPE, MIDDLE EAST, AND AFRICA (EMEA)
FIGURE 43 SNAPSHOT: RFID TAG MARKET IN EMEA
TABLE 140 EMEA: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 141 EMEA: MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 142 EMEA: MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 143 EMEA: MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION)
8.3.1 GERMANY
8.3.1.1 Germany to account for largest share of RFID tag market in EMEA
8.3.2 UK
8.3.2.1 Increasing government regulations in UK would boost RFID tag market
8.3.3 FRANCE
8.3.3.1 Aerospace is the most prominent growth sector for RFID market in France
8.3.4 ITALY
8.3.4.1 Need for effective assets management would drive Italian RFID market
8.3.5 RUSSIA
8.3.5.1 Energy, oil & gas, and aviation industries are expected to drive Russian RFID market
8.3.6 REST OF EMEA
8.3.7 IMPACT OF COVID-19 ON EMEA
8.3.7.1 Declining demand from automobiles and aerospace applications is expected to restrain growth of RFID tag market in EMEA
FIGURE 44 EMEA: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION)
TABLE 144 EMEA: PRE-COVID-19 AND POST-COVID-19 MARKET SCENARIO FOR RFID TAGS, 2017–2026 (USD BILLION)
8.4 APAC
FIGURE 45 SNAPSHOT: RFID TAG MARKET IN APAC
TABLE 145 APAC: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 146 APAC: MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 147 APAC: ARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
TABLE 148 APAC: MARKET, BY COUNTRY/REGION, 2021–2026 (USD MILLION)
8.4.1 JAPAN
8.4.1.1 Healthcare sector to offer growth opportunities to RFID market in Japan due to aging population
8.4.2 CHINA
8.4.2.1 China to account for largest share of RFID market in APAC during forecast period
8.4.3 SOUTH KOREA
8.4.3.1 Electronics manufacturing industry is expected to largely adopt RFID solutions
8.4.4 INDIA
8.4.4.1 Manufacturing and healthcare industries in India to drive growth of RFID market
8.4.5 AUSTRALIA
8.4.5.1 Sports and entertainment industries are upcoming growth avenues for RFID market in Australia
8.4.6 REST OF APAC
8.4.7 IMPACT OF COVID-19 ON APAC
8.4.7.1 Increasing demand for industrial automation, supply chain automation, and service industry automation in the region could improve demand for RFID solutions
FIGURE 46 APAC: PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET, 2017–2026 (USD BILLION)
TABLE 149 APAC: PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET, 2017–2026 (USD BILLION)
9 COMPETITIVE LANDSCAPE (Page No. - 173)
9.1 OVERVIEW
FIGURE 47 COMPANIES ADOPTED PRODUCT LAUNCHES AND DEVELOPMENTS AS A KEY GROWTH STRATEGY FROM JANUARY 2018 TO DECEMBER 2020
9.2 MARKET EVALUATION FRAMEWORK
FIGURE 48 MARKET EVOLUTION FRAMEWORK: PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS THE MAJOR GROWTH STRATEGY ADOPTED
9.3 MARKET SHARE ANALYSIS (TOP 5 PLAYERS)
FIGURE 49 MARKET SHARE ANALYSIS OF TOP FIVE COMPANIES, 2019
9.3.1 MARKET SHARE ANALYSIS FOR HANDHELD DEVICES (5 KEY PLAYERS)
9.4 HISTORICAL 5-YEAR REVENUE ANALYSIS
FIGURE 50 FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS
9.5 COMPANY EVALUATION MATRIX
9.5.1 STAR
9.5.2 EMERGING LEADER
9.5.3 PERVASIVE
9.5.4 PARTICIPANT
FIGURE 51 RFID MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
9.6 COMPETITIVE BENCHMARKING
9.6.1 STRENGTH OF PRODUCT PORTFOLIO (20 COMPANIES)
FIGURE 52 ANALYSIS OF PRODUCT PORTFOLIO OF TOP PLAYERS IN RFID MARKET
9.6.2 BUSINESS STRATEGY EXCELLENCE (20 COMPANIES)
FIGURE 53 ANALYSIS OF BUSINESS STRATEGIES OF TOP PLAYERS IN RFID MARKET
9.7 STARTUP/SME EVALUATION MATRIX
TABLE 150 STARTUP/SME EVALUATION MATRIX: EVALUATION CRITERIA
9.7.1 PROGRESSIVE COMPANIES
9.7.2 RESPONSIVE COMPANIES
9.7.3 DYNAMIC COMPANIES
9.7.4 STARTING BLOCKS
FIGURE 54 RFID MARKET: STARTUP/SME EVALUATION MATRIX, 2020
9.8 COMPETITIVE SCENARIO
9.8.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 151 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
9.8.2 PARTNERSHIPS AND COLLABORATIONS
TABLE 152 PARTNERSHIPS AND COLLABORATIONS, 2018–2020
9.8.3 ACQUISITIONS AND EXPANSIONS
TABLE 153 ACQUISITIONS AND EXPANSIONS, 2018–2020
10 COMPANY PROFILES (Page No. - 190)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1 INTRODUCTION
10.2 KEY PLAYERS
10.2.1 ZEBRA TECHNOLOGIES
FIGURE 55 ZEBRA TECHNOLOGIES: COMPANY SNAPSHOT
10.2.2 ALIEN TECHNOLOGY
10.2.3 CAEN RFID
10.2.4 IMPINJ
FIGURE 56 IMPINJ: COMPANY SNAPSHOT
10.2.5 HONEYWELL
FIGURE 57 HONEYWELL: COMPANY SNAPSHOT
10.2.6 AVERY DENNISON
FIGURE 58 AVERY DENNISON: COMPANY SNAPSHOT
10.2.7 NXP SEMICONDUCTORS
FIGURE 59 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
10.2.8 GAO RFID
10.2.9 HID GLOBAL
10.2.10 INVENGO
FIGURE 60 INVENGO: COMPANY SNAPSHOT
10.3 OTHER COMPANIES
10.3.1 MOJIX
10.3.2 SECURITAG ASSEMBLY GROUP (SAG)
10.3.3 LINXENS
10.3.4 CHECKPOINT SYSTEMS
10.3.5 IDENTIV
10.3.6 CONFIDEX
10.3.7 DATALOGIC
10.3.8 NEDAP
10.3.9 THINGMAGIC (JADAK COMPANY)
10.3.10 OMNI-ID
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11 APPENDIX (Page No. - 230)
11.1 INSIGHTS OF INDUSTRY EXPERTS
11.2 DISCUSSION GUIDE
11.3 AVAILABLE CUSTOMIZATIONS
11.4 RELATED REPORTS
11.5 AUTHOR DETAILS
The study involved four major activities for estimating the size of the RFID market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the RFID market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.
Secondary Research
The research methodology that has been used to estimate and forecast the size of the RFID market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. The secondary research referred to for this research study involve RFID industry organizations such as RAIN RFID, the International RFID Business Association (RFIDba), and Healthcare Information and Management Systems Society (HIMSS). Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the RFID market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.
Primary Research
Extensive primary research has been conducted after acquiring an understanding of the RFID market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, Americas, APAC, and Europe, Middle East, and Africa (EMEA). The demand side of this market is characterized by RFID tag and reader applications and region. The supply side is characterized by IDM firms, OEM firms, and manufacturers of readers and tags. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.
Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.
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Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of RFID market and its segments. The research methodology used to estimate the market size includes the following:
- Key players in the market have been identified through extensive secondary research
- The supply chain and the size of the RFID market, in terms of value and volume, have been determined through primary and secondary research processes
- Several primary interviews have been conducted with key opinion leaders related to RFID market including key OEMs, IDMs, and Tier I suppliers.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources
- Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.
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Data Triangulation
After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the RFID market.
Report Objectives
- To estimate, segment, and forecast the overall size of the radio frequency identification (RFID) market, segmented by product into tags, readers, and software and services
- To forecast the market size, in terms of value, for RFID tag types with regard to three main regions—Americas, Europe, Middle East, and Africa (EMEA), and Asia Pacific (APAC)
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
- To analyze the value chain of the RFID market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
- To strategically profile the key players and comprehensively analyze their market position in terms of their ranking and core competencies2, and to provide detailed information about the competitive landscape of the market
- To analyze competitive developments, such as product launches & developments, collaborations, contracts, partnerships, acquisitions, and expansions, in the RFID market
Available Customizations
Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Market size based on different subsegments of the RFID market
- Estimation of the market size of the segments of the RFID market based on different subsegments
Get in-depth analysis of the COVID-19 impact on the RFID Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the RFID Market
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- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the RFID Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in RFID Market