RFID Market 2021-2030, Growing Demand, Application Analysis, Regional Outlook, Key Manufactures, Industry Developments and Regional Outlook

In a recent published report, Kenneth Research has updated the market report for RFID Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for RFID Market products.

Kenneth Research has published a detailed report on Payment Security RFID Market, which has been categorized by market size as well as growth indicators, and further encompasses detailed market analysis on macro trends and region-wise growth in North America, Latin America, Europe, Asia-Pacific and Middle East & Africa region. The report also includes the challenges that are affecting the growth of the industry and offers strategic evaluation that is required to boost the growth of the market over the period of 2021-2025.

The global RFID Market was valued at USD 16.45 billion in 2016 and is projected to reach USD 31.9billion by 2025, growing at a CAGR of 7.36% from 2017 to 2025.

Radio-Frequency Identification (RFID) is the use of radio waves to read and capture information stored on a tag attached to an object. A tag can be read from up to several feet away and does not need to be within direct line-of-sight of the reader to be tracked.

The Final Report will cover the impact analysis of COVID-19 on this industry:

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Sample Infographics:

Market Dynamics:
1. Market Drivers
1.1 Increasing Installation of RFID in Manufacturing Units for Productivity Improvement
1.2 Increased Usage of Security & Access Control Application
1.3 Increasing Government Initiatives
1.4 High Adoption of RFID Technology in Retail Industry
1.5 Laws for Compulsory Tagging of Animals

2. Market Restraints
2.1 High Installation Costs of RFID System
2.2 Device Interoperability

Market Segmentation:
1. Global RFID Market, by Products:
1.1 Tags
1.2 Readers
1.3 Software

2. Global RFID Market, by Tags:
2.1 By Wafer Size
2.1.1 200 nm
2.1.2 300 nm
2.1.3 Others
2.2 By Tag Type
2.2.1 Passive RFID
2.2.2 Active RFID
2.3 By Frequency
2.3.1 Low Frequency
2.3.2 High Frequency
2.3.3 Ultra-High Frequency
2.3.4 Active Ultra-High Frequency
2.4 By Application
2.4.1 Agriculture
2.4.2 Commercial
2.4.3 Transportation
2.4.4 Healthcare
2.4.5 Logistics and Supply Chain
2.4.6 Aerospace
2.4.7 Defense
2.4.8 Retail
2.4.9 Security
2.4.10 Sports
2.5 By Form Factor
2.5.1 Button
2.5.2 Card
2.5.3 Implants
2.5.4 Key Fob
2.5.5 Label
2.5.6 Paper Tickets
2.5.7 Wristband
2.5.8 Others
2.6 By Material
2.6.1 Plastic
2.6.2 Paper
2.6.3 Metal
2.6.4 Glass
2.6.5 Others

3. Global RFID Market, by Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa

Competitive Landscape:
The major players in the market are as follows:
1. Alien Technology
2. Applied Wireless RFID
3. Avery Dennison
4. Caen RFID
5. Checkpoint Systems
7. Globeranger
8. Impinj
9. Invengo
10. Mojix
11. Motorola
12. Nedap
13. NXP Semiconductors
14. Smartrac Technology
15. Thingmagic

These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Request For Full Report: https://www.kennethresearch.com/sample-request-10059737

Research study on the RFID Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.

The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.

To know more about the research methodology of verified market research and other aspects of the research study, kindly get in touch with our sales team

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Darlene Dooley is a research expert and freelance writer. She is very dedicated towards her work and writing. She enjoys to write on current news on any industry and conclude the news with highly professional report. She has almost 8 years of experience in the same field. She has strong professional skill in Market research, Business Strategies, online marketing, Industry analysis interested in innovative and trending technologies.

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