RFID Market

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

Report Code: SE 1663 Feb, 2021, by marketsandmarkets.com

[230 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.

RFID Market

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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.

RFID Market by Region

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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.

Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Unit

Value (USD Million/Billion)
Volume (Million Units/ Thousand Units)

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.

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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 RFID MARKET, BY PRODUCT, 2021–2026 (USD BILLION)
        TABLE 11 RFID 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

7 RFID MARKET, BY TAG (Page No. - 89)
    7.1 WAFER SIZE
        FIGURE 32 BY WAFER SIZE, OTHERS SEGMENT IS PROJECTED TO GROW AT A HIGHER CAGR
        TABLE 33 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (USD BILLION)
        TABLE 34 RFID TAG MARKET, BY WAFER SIZE, 2021–2026 (USD BILLION)
        TABLE 35 RFID TAG MARKET, BY WAFER SIZE, 2017–2020 (MILLION UNITS)
        TABLE 36 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 37 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (USD BILLION)
        TABLE 38 RFID TAG MARKET, BY TAG TYPE, 2021–2026 (USD BILLION)
        TABLE 39 RFID TAG MARKET, BY TAG TYPE, 2017–2020 (MILLION UNITS)
        TABLE 40 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 41 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
                            TABLE 42 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
                            TABLE 43 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS)
                            TABLE 44 PASSIVE RFID TAG MARKET, BY FREQUENCY, 2021–2026 (MILLION UNITS)
                            TABLE 45 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 46 PASSIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                            TABLE 47 PASSIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
                            TABLE 48 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 49 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 50 ACTIVE RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                            TABLE 51 ACTIVE RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
                            TABLE 52 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 53 RFID TAG MARKET, BY FREQUENCY, 2017–2020 (USD MILLION)
        TABLE 54 RFID TAG MARKET, BY FREQUENCY, 2021–2026 (USD MILLION)
        TABLE 55 RFID TAG MARKET, BY FREQUENCY, 2017–2020 (MILLION UNITS)
        TABLE 56 RFID TAG 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 57 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 58 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                            TABLE 59 LOW-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
                            TABLE 60 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 61 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 62 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                            TABLE 63 HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
                            TABLE 64 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 65 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 66 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                            TABLE 67 ULTRA-HIGH-FREQUENCY RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
                            TABLE 68 ULTRA-HIGH-FREQUENCY 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 69 RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 70 RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
        TABLE 71 RFID TAG MARKET, BY APPLICATION, 2017–2020 (MILLION UNITS)
        TABLE 72 RFID TAG 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 73 RFID TAG MARKET FOR AGRICULTURE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 74 RFID TAG 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 75 RFID TAG MARKET FOR COMMERCIAL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 76 RFID TAG 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 77 RFID TAG MARKET FOR TRANSPORTATION, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 78 RFID TAG 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 79 RFID TAG MARKET FOR HEALTHCARE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 80 RFID TAG 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 81 RFID TAG MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 82 RFID TAG 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 83 RFID TAG MARKET FOR AEROSPACE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 84 RFID TAG 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 85 RFID TAG MARKET FOR DEFENSE, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 86 RFID TAG 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 87 RFID TAG MARKET FOR RETAIL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 88 RFID TAG 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 89 RFID TAG MARKET FOR SECURITY AND ACCESS CONTROL, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 90 RFID TAG 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 91 RFID TAG MARKET FOR SPORTS, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 92 RFID TAG 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 93 RFID TAG MARKET FOR ANIMAL TRACKING, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 94 RFID TAG 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 95 RFID TAG MARKET FOR TICKETING, BY MATERIAL TYPE, 2017–2020 (USD MILLION)
                            TABLE 96 RFID TAG 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 97 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 98 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 99 RFID TAG MARKET, BY FORM FACTOR, 2017–2020 (USD MILLION)
        TABLE 100 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 101 RFID CARD TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 102 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 103 RFID IMPLANT TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 104 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 105 RFID KEY FOB TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 106 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 107 RFID LABEL TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 108 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 109 RFID BAND TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 110 RFID BAND TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           7.5.7 OTHER FORM FACTORS
                 TABLE 111 OTHER RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 112 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 113 RFID TAG MARKET, BY MATERIAL, 2017–2020 (USD MILLION)
        TABLE 114 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 115 PLASTIC RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 116 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 117 RFID PAPER TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 118 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 119 RFID GLASS TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                            TABLE 120 RFID GLASS TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
           7.6.4 OTHER MATERIALS
                 TABLE 121 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 122 OTHER MATERIALS RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)

8 GEOGRAPHIC ANALYSIS (Page No. - 143)
    8.1 INTRODUCTION
        FIGURE 40 RFID TAG MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 123 RFID TAG MARKET, BY REGION, 2017–2020 (USD BILLION)
        TABLE 124 RFID TAG MARKET, BY REGION, 2021–2026 (USD BILLION)
    8.2 AMERICAS
        FIGURE 41 SNAPSHOT: RFID TAG MARKET IN AMERICAS
        TABLE 125 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 126 AMERICAS: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
        TABLE 127 AMERICAS: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
        TABLE 128 AMERICAS: RFID TAG 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 129 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 130 EMEA: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 131 EMEA: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
        TABLE 132 EMEA: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
        TABLE 133 EMEA: RFID TAG 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 134 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 135 APAC: RFID TAG MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 136 APAC: RFID TAG MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
        TABLE 137 APAC: RFID TAG MARKET, BY COUNTRY/REGION, 2017–2020 (USD MILLION)
        TABLE 138 APAC: RFID TAG 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 139 APAC: PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR RFID TAG MARKET, 2017–2026 (USD BILLION)

9 COMPETITIVE LANDSCAPE (Page No. - 168)
    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 BY RFID MARKET PLAYERS FROM JANUARY 2018 TO DECEMBER 2020
    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 140 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 141 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
           9.8.2 PARTNERSHIPS AND COLLABORATIONS
                 TABLE 142 PARTNERSHIPS AND COLLABORATIONS, 2018–2020
           9.8.3 ACQUISITIONS AND EXPANSIONS
                 TABLE 143 ACQUISITIONS AND EXPANSIONS, 2018–2020

10 COMPANY PROFILES (Page No. - 185)
     10.1 INTRODUCTION
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     10.2 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. - 225)
     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.

RFID Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

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.

RFID Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

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
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