Market Overview:
The global RFID system 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 systems from various end-use industries, such as industrial, retailing, hospitality, and others. In addition, the growing adoption of RFID systems by governments for tracking and managing assets is also contributing to the growth of this market.
Product Definition:
RFID stands for Radio-Frequency Identification. RFID System is a technology that enables the identification of objects or individuals through the use of radio waves. RFID tags are small devices that can be attached to or incorporated into objects, animals, and people. The tags contain electronically stored information that can be read by an RFID reader.
The main purpose of using RFID system is to identify and track objects or individuals automatically without human intervention.
Passive RFID:
Passive RFID is a radio-frequency identification technology that involves the use of an active tag or tags attached to an object. The passive tag does not transmit its own identity but rather queries a nearby reader for information. In comparison to an active system, which requires the use of transponders and antennas, passive systems are cheaper and simpler to implement as there are no additional costs associated with installing transponders or antennas.
Active RFID:
Active RFID is a term used for the wireless form of Radio-Frequency Identification (RFID). It uses high power radio waves to broadcast the details of an object or person for tracking and tracing purposes. The major difference between active and passive RFID is that in passive mode, tags are placed near the object or person for its scanning, while in active mode, tags actively communicate with readers.
Application Insights:
The others segment that includes transportation, logistics and public safety accounted for the largest revenue share in 2016. The growth can be attributed to the increasing adoption of these systems in supply chain management, asset tracking and location awareness applications. Logistics and public safety are expected to emerge as promising application areas over the forecast period owing to their use in a variety of applications including inventory management, access control, track & trace among others.
The retailing segment is anticipated to witness significant growth over the forecast period owing to its rising adoption across numerous applications such as store inventory monitoring, floor planning and design optimization based on RFID technology. The growing need for improving store productivity while reducing costs is likely drive this industry¢â‚¬â„¢s growth further.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to various factors such as early adoption of RFID technology, presence of well-established manufacturing and logistics sectors, and high standards of living. Moreover, North America has been witnessing a rapid increase in demand for wearable devices that incorporate radio frequency identification (RFID) technology over the past few years. This is likely to boost regional growth during the forecast period.
Asia Pacific is expected to emerge as one of the fastest-growing regions during the forecast period owing to rising government initiatives for improving supply chain management coupled with increasing penetration rates in retail.
Growth Factors:
- Increasing demand for Radio Frequency Identification (RFID) systems from the retail sector to improve inventory management and track assets.
- Proliferation of Internet of Things (IoT) and increase in number of connected devices, which is expected to drive the demand for RFID systems over the forecast period.
- Growing adoption of RFID technology by transportation and logistics companies to improve supply chain efficiency.
- Rising demand for radio frequency identification tags from manufacturing sector to track parts and components during production process .
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID System Market Research Report
By Type
Passive RFID, Active RFID
By Application
Industrial, Retailing, Hospitality, Others
By Companies
Datalogic, Honeywell International, Zebra Technologies, Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, FEIG ELECTRONIC, Fujitsu, GAO RFID, Impinj, ORBCOMM, Smartrac, Unitech Electronics
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global RFID System Market Report Segments:
The global RFID System market is segmented on the basis of:
Types
Passive RFID, Active RFID
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
Industrial, Retailing, Hospitality, 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:
- Datalogic
- Honeywell International
- Zebra Technologies
- Acreo Swedish ICT
- Alien Technology
- Avery Dennison
- Checkpoint Systems
- CipherLab
- CoreRFID
- FEIG ELECTRONIC
- Fujitsu
- GAO RFID
- Impinj
- ORBCOMM
- Smartrac
- Unitech Electronics
Highlights of The RFID System 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:
- Passive RFID
- Active RFID
- By Application:
- Industrial
- Retailing
- Hospitality
- 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 System 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.
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- 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 is an abbreviation for radio frequency identification. RFID systems use electromagnetic radiation to identify and track objects. They are used in a variety of applications, including inventory management, security, and tracking of goods in supply chains.
Some of the key players operating in the rfid system market are Datalogic, Honeywell International, Zebra Technologies, Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, FEIG ELECTRONIC, Fujitsu, GAO RFID, Impinj, ORBCOMM, Smartrac, Unitech Electronics.
The rfid system market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 RFID System 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 System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 RFID System 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 System 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 System Market Size & Forecast, 2020-2028
4.5.1 RFID System Market Size and Y-o-Y Growth
4.5.2 RFID System Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Passive RFID
5.2.2 Active RFID
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Retailing
6.2.3 Hospitality
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RFID System 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 System 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Passive RFID
9.6.2 Active RFID
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 Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Retailing
9.10.3 Hospitality
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Passive RFID
10.6.2 Active RFID
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 Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Retailing
10.10.3 Hospitality
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Passive RFID
11.6.2 Active RFID
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 Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Retailing
11.10.3 Hospitality
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Passive RFID
12.6.2 Active RFID
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 Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Retailing
12.10.3 Hospitality
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Passive RFID
13.6.2 Active RFID
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) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Retailing
13.10.3 Hospitality
13.10.4 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 System Market: Competitive Dashboard
14.2 Global RFID System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Datalogic
14.3.2 Honeywell International
14.3.3 Zebra Technologies
14.3.4 Acreo Swedish ICT
14.3.5 Alien Technology
14.3.6 Avery Dennison
14.3.7 Checkpoint Systems
14.3.8 CipherLab
14.3.9 CoreRFID
14.3.10 FEIG ELECTRONIC
14.3.11 Fujitsu
14.3.12 GAO RFID
14.3.13 Impinj
14.3.14 ORBCOMM
14.3.15 Smartrac
14.3.16 Unitech Electronics
