Market Overview:
The global RFID chip market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for RFID chips in transportation, agriculture, healthcare, and logistics applications. Additionally, the increasing adoption of RFID chips in retail and security and access control applications is also contributing to the growth of this market. However, factors such as high initial cost and lack of standardization are restraining the growth of this market. On basis on type, low frequency (LF) RFID chip held a major share of the global RFID chip market in 2017. This can be attributed to its low cost as compared to other types of RFID chips available in the market.
Product Definition:
A Radio-Frequency Identification (RFID) chip is a microchip that emits radio waves to communicate with an RFID reader. The RFID chip can be embedded in a variety of objects, including clothing, ID cards, and animals. The RFID chip stores data that can be used to identify the object it is embedded in.
The importance of RFID chips lies in their ability to track and identify objects without requiring contact or line-of-sight between the object and the reader. This makes them ideal for tracking items in a warehouse or identifying livestock on a farm.
Low frequency (LF) RFID Chip:
LF RFID chip is a low power, wide area and lightweight identification solution. It can be used in various applications such as inventory control, article tracking and flow management. The major advantage of using this chip is that it uses very little energy; therefore the battery life of the device increases substantially. This factor also helps in reducing cost because less battery power is required to run the devices which are connected with high-energy demanding application like readers and tags.
High frequency (HF) RFID Chip:
High frequency (HF) RFID chip is a type of integrated circuit that is used in radio-frequency identification (RFID) devices. It can be defined as an IC with more than 10 Gbps data transfer rate and its typical operating range is from 3 to 8 GHz. The major applications of this technology include inventory control, tracking objects, and automated toll collection systems among others.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue leading over the forecast period. The increasing use of RFID technology for inventory management, product tracking, price monitoring, and customer profiling has led to increased adoption of this technology in retail stores. Moreover, growing demand for contactless payment solutions is further anticipated to drive the overall industry growth over the forecast period.
The healthcare segment accounted for a significant market share in 2017 owing to its ability to reduce costs associated with inventory management and improve patient safety by reducing medication errors caused due by human error or typo-based information systems used traditionally at present time. Furthermore, it also helps reduce waiting times at clinics as data collected from medical devices can be immediately transmitted via RFID chip directly into a patient¢â‚¬â„¢s record without having any physical contact with patients or medical staffs which will help enhance workflow efficiency significantly at present time.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as early adoption of RFID technology, presence of major players, and increasing government initiatives for implementation of RFID systems in various applications. For instance, in November 2016, Walmart Inc launched a nationwide program called Smart Label Initiative that uses RFID technology for tracking products throughout the supply chain and inventory management at each level from store shelves to delivery trucks.
Asia Pacific is anticipated to grow at a lucrative rate over the forecast period owing to rising demand for efficient supply chains with accurate inventory management coupled with growing retail industry across countries such as China and India among others which are major contributors towards growth of this regional market including Australia & New Zealand (ANZ).
Growth Factors:
- Increasing demand for RFID chips in the automotive industry for vehicle tracking and identification.
- Proliferation of Internet of Things (IoT) and increasing demand for low-cost, small form factor RFID chips for IoT applications.
- Growing demand from retail sector for inventory management and loss prevention applications.
- Increasing adoption of RFID technology in healthcare sector for patient tracking and medication management purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID Chip Market Research Report
By Type
Low frequency (LF) RFID Chip, High frequency (HF) RFID Chip, Ultrahigh frequency (UHF) RFID Chip
By Application
Transportation, Agriculture, Healthcare, Logistic, Aerospace, Retail, Security and Access Contro, Others
By Companies
TI, Ams AG, NXP, Alien Technology, Infineon, LEGIC Identsystems, Impinj, Phychips, Atmel, STMicroelectronics, TI, Sony Felica, Invengo Technology, Datang Microelectronics Technology, Tsinghua Tongfang, Shanghai Huahong Integrated Circuit, Shanghai Fudan Microelectronics Group, Shanghai Belling, CEC Huada Electronic Design, Promatic Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global RFID Chip Market Report Segments:
The global RFID Chip market is segmented on the basis of:
Types
Low frequency (LF) RFID Chip, High frequency (HF) RFID Chip, Ultrahigh frequency (UHF) RFID Chip
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, Agriculture, Healthcare, Logistic, Aerospace, Retail, Security and Access Contro, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TI
- Ams AG
- NXP
- Alien Technology
- Infineon
- LEGIC Identsystems
- Impinj
- Phychips
- Atmel
- STMicroelectronics
- TI
- Sony Felica
- Invengo Technology
- Datang Microelectronics Technology
- Tsinghua Tongfang
- Shanghai Huahong Integrated Circuit
- Shanghai Fudan Microelectronics Group
- Shanghai Belling
- CEC Huada Electronic Design
- Promatic Group
Highlights of The RFID Chip Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Low frequency (LF) RFID Chip
- High frequency (HF) RFID Chip
- Ultrahigh frequency (UHF) RFID Chip
- By Application:
- Transportation
- Agriculture
- Healthcare
- Logistic
- Aerospace
- Retail
- Security and Access Contro
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the RFID Chip Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
RFID Chip is a small chip that contains an RFID transceiver and antenna. When the chip is placed near a reader, the RFID transceiver can read data from the chip's tag.
Some of the major companies in the rfid chip market are TI, Ams AG, NXP, Alien Technology, Infineon, LEGIC Identsystems, Impinj, Phychips, Atmel, STMicroelectronics, TI, Sony Felica, Invengo Technology, Datang Microelectronics Technology, Tsinghua Tongfang, Shanghai Huahong Integrated Circuit, Shanghai Fudan Microelectronics Group, Shanghai Belling, CEC Huada Electronic Design, Promatic Group.
The rfid chip market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 RFID Chip Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 RFID Chip Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 RFID Chip Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the RFID Chip Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global RFID Chip Market Size & Forecast, 2018-2028
4.5.1 RFID Chip Market Size and Y-o-Y Growth
4.5.2 RFID Chip Market Absolute $ Opportunity
Chapter 5 Global RFID Chip Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 RFID Chip Market Size Forecast by Type
5.2.1 Low frequency (LF) RFID Chip
5.2.2 High frequency (HF) RFID Chip
5.2.3 Ultrahigh frequency (UHF) RFID Chip
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global RFID Chip Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 RFID Chip Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 Agriculture
6.2.3 Healthcare
6.2.4 Logistic
6.2.5 Aerospace
6.2.6 Retail
6.2.7 Security and Access Contro
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RFID Chip Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 RFID Chip Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America RFID Chip Analysis and Forecast
9.1 Introduction
9.2 North America RFID Chip Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America RFID Chip Market Size Forecast by Type
9.6.1 Low frequency (LF) RFID Chip
9.6.2 High frequency (HF) RFID Chip
9.6.3 Ultrahigh frequency (UHF) RFID Chip
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America RFID Chip Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 Agriculture
9.10.3 Healthcare
9.10.4 Logistic
9.10.5 Aerospace
9.10.6 Retail
9.10.7 Security and Access Contro
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe RFID Chip Analysis and Forecast
10.1 Introduction
10.2 Europe RFID Chip Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe RFID Chip Market Size Forecast by Type
10.6.1 Low frequency (LF) RFID Chip
10.6.2 High frequency (HF) RFID Chip
10.6.3 Ultrahigh frequency (UHF) RFID Chip
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe RFID Chip Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 Agriculture
10.10.3 Healthcare
10.10.4 Logistic
10.10.5 Aerospace
10.10.6 Retail
10.10.7 Security and Access Contro
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific RFID Chip Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific RFID Chip Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific RFID Chip Market Size Forecast by Type
11.6.1 Low frequency (LF) RFID Chip
11.6.2 High frequency (HF) RFID Chip
11.6.3 Ultrahigh frequency (UHF) RFID Chip
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific RFID Chip Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 Agriculture
11.10.3 Healthcare
11.10.4 Logistic
11.10.5 Aerospace
11.10.6 Retail
11.10.7 Security and Access Contro
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America RFID Chip Analysis and Forecast
12.1 Introduction
12.2 Latin America RFID Chip Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America RFID Chip Market Size Forecast by Type
12.6.1 Low frequency (LF) RFID Chip
12.6.2 High frequency (HF) RFID Chip
12.6.3 Ultrahigh frequency (UHF) RFID Chip
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America RFID Chip Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 Agriculture
12.10.3 Healthcare
12.10.4 Logistic
12.10.5 Aerospace
12.10.6 Retail
12.10.7 Security and Access Contro
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) RFID Chip Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) RFID Chip Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) RFID Chip Market Size Forecast by Type
13.6.1 Low frequency (LF) RFID Chip
13.6.2 High frequency (HF) RFID Chip
13.6.3 Ultrahigh frequency (UHF) RFID Chip
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) RFID Chip Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 Agriculture
13.10.3 Healthcare
13.10.4 Logistic
13.10.5 Aerospace
13.10.6 Retail
13.10.7 Security and Access Contro
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 RFID Chip Market: Competitive Dashboard
14.2 Global RFID Chip Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TI
14.3.2 Ams AG
14.3.3 NXP
14.3.4 Alien Technology
14.3.5 Infineon
14.3.6 LEGIC Identsystems
14.3.7 Impinj
14.3.8 Phychips
14.3.9 Atmel
14.3.10 STMicroelectronics
14.3.11 TI
14.3.12 Sony Felica
14.3.13 Invengo Technology
14.3.14 Datang Microelectronics Technology
14.3.15 Tsinghua Tongfang
14.3.16 Shanghai Huahong Integrated Circuit
14.3.17 Shanghai Fudan Microelectronics Group
14.3.18 Shanghai Belling
14.3.19 CEC Huada Electronic Design
14.3.20 Promatic Group
