Global RFID Tags market is expected to reach $18.2 billion by 2026 growing at a CAGR of 15.7% from 2017 to 2026.

Some of the key players in this market include Honeywell International, NXP Semiconductors, Alien Technology, AMS AG, Atmel Corp, Confidex Ltd, GAO RFID Inc., HID Global Corporation, Impinj, inc., Omni-Id, Inc., RF Code, SMARTRAC N.V. and Zebra Technologies Corp.

Gaithersburg, Maryland, United States - August 9, 2019 /MarketersMedia/ —

Some of the key factors such as rising demand for these tags in the aerospace industry and the increasing number of these tag applications within retail stores are driving the market growth. However, because of the lack of a battery, these tags are cost-effective, durable, and smaller as compared to others which act as the restraining factor for the market growth.

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Radio-frequency identification (RFID) technology has completely across several sectors owing to the fact that they prevent theft of certain materials, track shipments in real-time, and implement advanced technology at low cost. It is a type of wireless communication technology that uses radio waves to track and identify objects, with reduced costs, increased asset traceability and visibility, and improved reliability.

By type, passive tags segment is likely to grow as they do not have an internal power source and rely on the power induced by the reader. Because of the lack of a battery, these tags are cost-effective, durable, and smaller and so are used to perform many activities such as access control, inventory management, supply chain management, and tool tracking due to which these tags are increasing among end-users.

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By geography, Asia Pacific is expected to observe a significant growth in the forecast period, mainly due to the rising demand for these tags in this region. They are installed by the organizations as a piece of their security so as to prevent the risk of danger and loss. Organizations are continuously adopting automated product identification systems for their supply chain management system in order to improve the efficiency of their inventory allocation.

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Product Types Covered:
• Tags
• Software
• Reader
• Other Product Types

Types Covered:
• Semi-Passive
• Passive
• Active

Frequency Bands Covered:
• Active Ultra-High
• High
• Low
• Microwave
• Ultra High

Form Factors Covered:
• Paper Tickets
• Label
• Key Fob
• Implants
• Card
• Button
• Wristband
• Other Form Factors

Wafer Sizes Covered:
• 300mm
• 200mm
• 450mm
• Other Wafer Sizes

Materials Covered:
• Glass
• Metal
• Paper
• Plastic
• Other Materials

End Users Covered:
• Telemetry
• Surveillance and Security
• Transportation
• Consumer Goods
• House ware
• Medical
• Beauty
• Government
• Banking, Financial services, and Insurance (BFSI)
• Footwear
• Security & Access Control
• Retail
• Defense
• Aerospace
• Logistic & Supply Chain
• Healthcare
• Transportation
• Commercial
• Agriculture
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-rfid-tags-market-is-expected-to-reach-182-billion-by-2026-growing-at-a-cagr-of-157-from-2017-to-2026/88906597

Source: MarketersMedia

Release ID: 88906597