Market Overview:
The global RFID sensor market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for RFID sensors in various applications such as transportation and logistics, healthcare, hospitality, food and beverages, retail, manufacturing and government sectors. Additionally, the growing adoption of RFID technology across different industries is also fueling the growth of this market.
Product Definition:
RFID Sensor is a device that senses and identifies objects using radio frequency signals. It is used to track and identify items, animals, or people.
Low Frequency:
Low frequency (LF) RFID sensors are used for detection of objects or animals and tracking their movement. These devices use the radio-frequency electromagnetic spectrum to detect tags attached to an object. The tags act as a transceiver that generates a weak electrical signal in response to the RFID scan and reflects back the information collected by the sensor.
High Frequency:
High frequency is the designation for radio-frequency with a very high frequency band. It is used in RFID sensor market owing to properties such as small size, low cost and power consumption. The working of an RFID sensor at high frequencies depends on two factors: the range of frequencies that can be received by the antenna and how much power can be put out by the transceiver chip.
Application Insights:
The manufacturing segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. The increasing use of RFID tags for inventory management, production tracking, and quality control is expected to drive growth. Furthermore, rising demand for automated warehouses on account of increasing efficiency and productivity is also projected to fuel industry expansion over the coming years.
The healthcare segment accounted for a significant market share in 2016 owing to its extensive usage in patient identification as well as tracking information regarding medical devices & pharmaceuticals at any given time throughout the supply chain network. In addition, growing government initiatives towards improving healthcare infrastructure coupled with an increase in patients are expected fuel industry development during the forecast period.
RFID technology has numerous applications across various industries such as transportation & logistics (18% market share), retail (15%), hospitality (9%), food & beverages (8%), government (7%) and others including banking/financial services, asset tagging/tracking among others (.
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 increasing adoption of RFID technology, presence of a large number of players, and growing demand for cost-effective tags from several industries. Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising penetration rates and improving infrastructure in countries such as China and India.
The Latin American market was valued at USD X million in 2017 owing with high penetration rates observed across Brazil.
Growth Factors:
- Increasing demand for miniaturization in electronics industry
- Rising trend of Internet of Things (IoT) and connected devices
- Proliferation of Radio Frequency Identification (RFID) technology
- Growing need for inventory and supply chain management solutions
- Increasing adoption across various end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID Sensor Market Research Report
By Type
Low Frequency, High Frequency, Ultrahigh Frequency
By Application
Transportation & Logistics, Healthcare, Hospitality, Food & Beverages, Retail, Manufacturing, Government
By Companies
Murata, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff, American Barcode and RFID, VisuaScan, Imprint Enterprises, Coridian Technologies, AbeTech, Murata
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global RFID Sensor Market Report Segments:
The global RFID Sensor market is segmented on the basis of:
Types
Low Frequency, High Frequency, Ultrahigh Frequency
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 & Logistics, Healthcare, Hospitality, Food & Beverages, Retail, Manufacturing, Government
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:
- Murata
- Vitaran Electronics
- SMARTRAC
- ELA Innovation
- Balluff
- American Barcode and RFID
- VisuaScan
- Imprint Enterprises
- Coridian Technologies
- AbeTech
- Murata
Highlights of The RFID Sensor 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
- High Frequency
- Ultrahigh Frequency
- By Application:
- Transportation & Logistics
- Healthcare
- Hospitality
- Food & Beverages
- Retail
- Manufacturing
- Government
- 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 Sensor 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:
- Correctly Positioning New 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 sensor is a type of electronic sensor that uses radio waves to identify and track objects. RFID sensors are often used in inventory systems, security systems, and other applications where tracking objects is important.
Some of the major players in the rfid sensor market are Murata, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff, American Barcode and RFID, VisuaScan, Imprint Enterprises, Coridian Technologies, AbeTech, Murata.
The rfid sensor 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 Sensor 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 Sensor Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 RFID Sensor 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 Sensor 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 Sensor Market Size & Forecast, 2018-2028 4.5.1 RFID Sensor Market Size and Y-o-Y Growth 4.5.2 RFID Sensor Market Absolute $ Opportunity
Chapter 5 Global RFID Sensor 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 Sensor Market Size Forecast by Type
5.2.1 Low Frequency
5.2.2 High Frequency
5.2.3 Ultrahigh Frequency
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global RFID Sensor 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 Sensor Market Size Forecast by Applications
6.2.1 Transportation & Logistics
6.2.2 Healthcare
6.2.3 Hospitality
6.2.4 Food & Beverages
6.2.5 Retail
6.2.6 Manufacturing
6.2.7 Government
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RFID Sensor 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 Sensor 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 Sensor Analysis and Forecast
9.1 Introduction
9.2 North America RFID Sensor 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 Sensor Market Size Forecast by Type
9.6.1 Low Frequency
9.6.2 High Frequency
9.6.3 Ultrahigh Frequency
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 Sensor Market Size Forecast by Applications
9.10.1 Transportation & Logistics
9.10.2 Healthcare
9.10.3 Hospitality
9.10.4 Food & Beverages
9.10.5 Retail
9.10.6 Manufacturing
9.10.7 Government
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 Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe RFID Sensor 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 Sensor Market Size Forecast by Type
10.6.1 Low Frequency
10.6.2 High Frequency
10.6.3 Ultrahigh Frequency
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 Sensor Market Size Forecast by Applications
10.10.1 Transportation & Logistics
10.10.2 Healthcare
10.10.3 Hospitality
10.10.4 Food & Beverages
10.10.5 Retail
10.10.6 Manufacturing
10.10.7 Government
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 Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific RFID Sensor 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 Sensor Market Size Forecast by Type
11.6.1 Low Frequency
11.6.2 High Frequency
11.6.3 Ultrahigh Frequency
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 Sensor Market Size Forecast by Applications
11.10.1 Transportation & Logistics
11.10.2 Healthcare
11.10.3 Hospitality
11.10.4 Food & Beverages
11.10.5 Retail
11.10.6 Manufacturing
11.10.7 Government
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 Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America RFID Sensor 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 Sensor Market Size Forecast by Type
12.6.1 Low Frequency
12.6.2 High Frequency
12.6.3 Ultrahigh Frequency
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 Sensor Market Size Forecast by Applications
12.10.1 Transportation & Logistics
12.10.2 Healthcare
12.10.3 Hospitality
12.10.4 Food & Beverages
12.10.5 Retail
12.10.6 Manufacturing
12.10.7 Government
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 Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) RFID Sensor 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 Sensor Market Size Forecast by Type
13.6.1 Low Frequency
13.6.2 High Frequency
13.6.3 Ultrahigh Frequency
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 Sensor Market Size Forecast by Applications
13.10.1 Transportation & Logistics
13.10.2 Healthcare
13.10.3 Hospitality
13.10.4 Food & Beverages
13.10.5 Retail
13.10.6 Manufacturing
13.10.7 Government
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 Sensor Market: Competitive Dashboard
14.2 Global RFID Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Murata
14.3.2 Vitaran Electronics
14.3.3 SMARTRAC
14.3.4 ELA Innovation
14.3.5 Balluff
14.3.6 American Barcode and RFID
14.3.7 VisuaScan
14.3.8 Imprint Enterprises
14.3.9 Coridian Technologies
14.3.10 AbeTech
14.3.11 Murata