Radiofrequency Identification (RFID) Market  Size, Status, Top Players, Trends and Forecast to 2029


Posted August 28, 2023 by sagarmaxmize

This procedure uses radio frequencies to identify objects, animals, and humans, as the name already says. In this wireless communication, readers and tags are used.
 
Radiofrequency Identification (RFID) Market was valued at US$ 11.72 Bn. in 2022 and expected to grow at a CAGR of 9.25 % during the forecast period (2023-2029). Thanks to the growing trend of tag segment use have boosted demand for Global Radiofrequency Identification (RFID) Market.



Radiofrequency Identification (RFID) Market Overview:

The Radiofrequency Identification (RFID) market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Radiofrequency Identification (RFID) Market, as well as the reasons for variations in the industry's growth between regions.

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Market Scope:

Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.



Segmentation:

by Product

• Tags
• Readers


by Tag

• Active Tags
• Passive Tags


by Application

• Agriculture
• Commercial
• Transportation
• Healthcare
• Logistics & Supply Chain



Key Players:

Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers' annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.

The biggest players in the Radiofrequency Identification (RFID) market are as follows:

• Alien Technology
• Avery Dennison
• Smatrac
• Invengo
• Checkpoint Systems
• Mojix
• GAO RFID
• Nedap
• Zebra Technologies
• GlobeRanger
• HID Global
• Applied Wireless
• CAEN RFID
• Honeywell
• Thing Magic
• Identiv
• SAG



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Regional Analysis:

Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Radiofrequency Identification (RFID) market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.

COVID-19 Impact Analysis on Radiofrequency Identification (RFID) Market:

Due to a break in operations, end-user sectors where Radiofrequency Identification (RFID) are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Radiofrequency Identification (RFID) manufacturers, impacting the growth of the Radiofrequency Identification (RFID) market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Radiofrequency Identification (RFID).

Key Questions Answered in the Radiofrequency Identification (RFID) Market Report are:

In 2021, which segment held the highest proportion of the Radiofrequency Identification (RFID) market?
What is the Radiofrequency Identification (RFID) market's competitive landscape?
What are the primary drivers assisting Radiofrequency Identification (RFID) market growth?
Which region has the most market share in the Radiofrequency Identification (RFID) market?
What will be the Radiofrequency Identification (RFID) market's CAGR throughout the projected period (2022-2027)?


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Issued By sagarmaximize
Country India
Categories Business
Tags radiofrequency identification rfid market demand , radiofrequency identification rfid market size , radiofrequency identification rfid market share , radiofrequency identification rfid market
Last Updated August 28, 2023