Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024
Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
The global RFID market is likely to witness significant growth during the forecast period. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure. However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
Market Revenue and Segmentation Analysis:
The global RFID market is expected to reach revenue of $XX billion by 2024, growing at a CAGR of 14.4% during the forecast period 2018–2024.
The market is segmented based on product types and applications. In terms of product types, the market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. The passive RFID tags was the dominant segment, which accounted for more than 35% of the market share in 2017; also, this segment is projected to remain dominant during the forecast period. By applications, the market is segmented into retail, healthcare, transportation and logistics, financial services, industrial, government, and others.
Regional Analysis:
In 2017, the Americas was the dominant region in the global RFID market followed by Asia Pacific. Furthermore, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of 18.5% during the forecast period 2018–2024. This is mainly due to expanding organized retail sector and increasing investments on asset management solutions by organizations across various industry verticals.
The report also covers country-wise analysis of the RFID market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc.
The study offers a comprehensive analysis of the “global RFID market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
Overview:
The global RFID market is likely to witness significant growth during the forecast period. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure. However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
Market Revenue and Segmentation Analysis:
The global RFID market is expected to reach revenue of $XX billion by 2024, growing at a CAGR of 14.4% during the forecast period 2018–2024.
The market is segmented based on product types and applications. In terms of product types, the market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. The passive RFID tags was the dominant segment, which accounted for more than 35% of the market share in 2017; also, this segment is projected to remain dominant during the forecast period. By applications, the market is segmented into retail, healthcare, transportation and logistics, financial services, industrial, government, and others.
Regional Analysis:
In 2017, the Americas was the dominant region in the global RFID market followed by Asia Pacific. Furthermore, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of 18.5% during the forecast period 2018–2024. This is mainly due to expanding organized retail sector and increasing investments on asset management solutions by organizations across various industry verticals.
The report also covers country-wise analysis of the RFID market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc.
The study offers a comprehensive analysis of the “global RFID market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
1 REPORT SUMMARY
1.1 Executive Summary
1.2 Scope of the Report
1.3 Industry Trends
1.4 PEST Analysis
2 REPORT OUTLINE
2.1 Research Methodology
2.2 Report Assumptions
3 MARKET SNAPSHOT
4 MARKET OUTLOOK
4.1 Overview
4.2 Market Definition – Infoholic Research
4.3 Market Segmentation
4.4 RFID System - Overview
5 MARKET CHARACTERISTICS
5.1 Market Trends
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing government initiatives on integrating RFID technology across various applications
5.2.1.2 Rising interest on value chain management
5.2.1.3 Expanding Internet of things (IoT) infrastructure
5.2.2 Restraints
5.2.2.1 End-user concerns on implementation cost
5.2.2.2 Security vulnerabilities and functional challenges
5.2.3 Opportunities
5.2.3.1 Applications of RFID technology in intelligent transportation System
5.2.3.2 RFID model for pharmaceutical supply chain
5.3 DRO – Impact Analysis
6 PRODUCT TYPE: MARKET SIZE AND ANALYSIS
6.1 Overview
6.2 Active RFID/RTLS Systems
6.3 Passive RFID Services, Networking, and Software
6.4 Passive RFID Interrogators
6.5 Passive RFID Tags
7 APPLICATION: MARKET SIZE AND ANALYSIS
7.1 Overview
7.2 Retail
7.3 Healthcare
7.4 Transportation and Logistics
7.5 Financial Services
7.6 Industrial
7.7 Government
7.8 Others
8 REGIONS: MARKET SIZE AND ANALYSIS
8.1 Overview
8.2 Americas
8.2.1 Overview
8.2.2 By Country – Market Size and Analysis
8.2.3 By Product Type – Market Size and Analysis
8.2.4 By Application – Market Size and Analysis
8.3 Europe
8.3.1 Overview
8.3.2 By Country – Market Size and Analysis
8.3.3 By Product Type – Market Size and Analysis
8.3.4 By Applications – Market Size and Analysis
8.4 Asia Pacific
8.4.1 Overview
8.4.2 By Country – Market Size and Analysis
8.4.3 By Product Type – Market Size and Analysis
8.4.4 By Application – Market Size and Analysis
8.5 Middle East and Africa (MEA)
8.5.1 Overview
8.5.2 By Country – Market Size and Analysis
8.5.3 By Product Type – Market Size and Analysis
8.5.4 By Application – Market Size and Analysis
9 VENDORS PROFILE
9.1 Zebra Technologies Corporation
9.1.1 Overview
9.1.2 Key Financials
9.1.3 Product Offerings
9.1.4 Business Focus
9.1.5 SWOT Analysis
9.1.6 Geographic Revenue
9.1.7 Business Strategy
9.2 ASSA ABLOY
9.2.1 Overview
9.2.2 Key Financials
9.2.3 Product Offerings
9.2.4 Business Focus
9.2.5 SWOT Analysis
9.2.6 Geographic Revenue
9.2.7 Business Strategy
9.3 AVERY DENNISON CORPORATION.
9.3.1 Operating Segment Revenue
9.3.2 Product Offerings
9.3.3 Business Focus
9.3.4 SWOT Analysis
9.3.5 Geographic Revenue
9.3.6 Business Strategies
9.4 Honeywell International Inc.
9.4.1 Overview
9.4.2 Key Financials
9.4.3 Product Offerings
9.4.4 Business Focus
9.4.5 SWOT Analysis
9.4.6 Geographic Revenue
9.4.7 Business Strategies
9.5 Siemens AG
9.5.1 Overview
9.5.2 Product Offerings
9.5.3 Key Financials
9.5.4 Geographic Revenue
9.5.5 Business Focus
9.5.6 SWOT Analysis
9.5.7 Business Strategy
10 COMPANIES TO WATCH FOR
10.1 Impinj, Inc.
10.1.1 Overview
10.1.2 Offerings
10.2 Identiv, Inc.
10.2.1 Overview
10.2.2 Offerings
10.3 Alien Technology, LLC.
10.3.1 Overview
10.3.2 Offerings
10.4 Omni-ID.
10.4.1 Overview
10.4.2 Offerings
10.5 Mojix, Inc.
10.5.1 Overview
10.5.2 Offerings
Annexure
Abbreviations
1.1 Executive Summary
1.2 Scope of the Report
1.3 Industry Trends
1.4 PEST Analysis
2 REPORT OUTLINE
2.1 Research Methodology
2.2 Report Assumptions
3 MARKET SNAPSHOT
4 MARKET OUTLOOK
4.1 Overview
4.2 Market Definition – Infoholic Research
4.3 Market Segmentation
4.4 RFID System - Overview
5 MARKET CHARACTERISTICS
5.1 Market Trends
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing government initiatives on integrating RFID technology across various applications
5.2.1.2 Rising interest on value chain management
5.2.1.3 Expanding Internet of things (IoT) infrastructure
5.2.2 Restraints
5.2.2.1 End-user concerns on implementation cost
5.2.2.2 Security vulnerabilities and functional challenges
5.2.3 Opportunities
5.2.3.1 Applications of RFID technology in intelligent transportation System
5.2.3.2 RFID model for pharmaceutical supply chain
5.3 DRO – Impact Analysis
6 PRODUCT TYPE: MARKET SIZE AND ANALYSIS
6.1 Overview
6.2 Active RFID/RTLS Systems
6.3 Passive RFID Services, Networking, and Software
6.4 Passive RFID Interrogators
6.5 Passive RFID Tags
7 APPLICATION: MARKET SIZE AND ANALYSIS
7.1 Overview
7.2 Retail
7.3 Healthcare
7.4 Transportation and Logistics
7.5 Financial Services
7.6 Industrial
7.7 Government
7.8 Others
8 REGIONS: MARKET SIZE AND ANALYSIS
8.1 Overview
8.2 Americas
8.2.1 Overview
8.2.2 By Country – Market Size and Analysis
8.2.3 By Product Type – Market Size and Analysis
8.2.4 By Application – Market Size and Analysis
8.3 Europe
8.3.1 Overview
8.3.2 By Country – Market Size and Analysis
8.3.3 By Product Type – Market Size and Analysis
8.3.4 By Applications – Market Size and Analysis
8.4 Asia Pacific
8.4.1 Overview
8.4.2 By Country – Market Size and Analysis
8.4.3 By Product Type – Market Size and Analysis
8.4.4 By Application – Market Size and Analysis
8.5 Middle East and Africa (MEA)
8.5.1 Overview
8.5.2 By Country – Market Size and Analysis
8.5.3 By Product Type – Market Size and Analysis
8.5.4 By Application – Market Size and Analysis
9 VENDORS PROFILE
9.1 Zebra Technologies Corporation
9.1.1 Overview
9.1.2 Key Financials
9.1.3 Product Offerings
9.1.4 Business Focus
9.1.5 SWOT Analysis
9.1.6 Geographic Revenue
9.1.7 Business Strategy
9.2 ASSA ABLOY
9.2.1 Overview
9.2.2 Key Financials
9.2.3 Product Offerings
9.2.4 Business Focus
9.2.5 SWOT Analysis
9.2.6 Geographic Revenue
9.2.7 Business Strategy
9.3 AVERY DENNISON CORPORATION.
9.3.1 Operating Segment Revenue
9.3.2 Product Offerings
9.3.3 Business Focus
9.3.4 SWOT Analysis
9.3.5 Geographic Revenue
9.3.6 Business Strategies
9.4 Honeywell International Inc.
9.4.1 Overview
9.4.2 Key Financials
9.4.3 Product Offerings
9.4.4 Business Focus
9.4.5 SWOT Analysis
9.4.6 Geographic Revenue
9.4.7 Business Strategies
9.5 Siemens AG
9.5.1 Overview
9.5.2 Product Offerings
9.5.3 Key Financials
9.5.4 Geographic Revenue
9.5.5 Business Focus
9.5.6 SWOT Analysis
9.5.7 Business Strategy
10 COMPANIES TO WATCH FOR
10.1 Impinj, Inc.
10.1.1 Overview
10.1.2 Offerings
10.2 Identiv, Inc.
10.2.1 Overview
10.2.2 Offerings
10.3 Alien Technology, LLC.
10.3.1 Overview
10.3.2 Offerings
10.4 Omni-ID.
10.4.1 Overview
10.4.2 Offerings
10.5 Mojix, Inc.
10.5.1 Overview
10.5.2 Offerings
Annexure
Abbreviations
LIST OF TABLES
Table 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 3 GLOBAL RFID MARKET REVENUE, BY REGIONS, 2018-2024 ($BILLION)
Table 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 5 ASIA PACIFIC EV TRACTION MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 11 AMERICAS RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
LIST OF TABLES
Table 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 3 GLOBAL RFID MARKET REVENUE, BY REGIONS, 2018-2024 ($BILLION)
Table 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 5 ASIA PACIFIC EV TRACTION MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 11 AMERICAS RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 3 GLOBAL RFID MARKET REVENUE, BY REGIONS, 2018-2024 ($BILLION)
Table 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 5 ASIA PACIFIC EV TRACTION MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 11 AMERICAS RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
LIST OF TABLES
Table 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 3 GLOBAL RFID MARKET REVENUE, BY REGIONS, 2018-2024 ($BILLION)
Table 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 5 ASIA PACIFIC EV TRACTION MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 11 AMERICAS RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
Table 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 ($BILLION)
Table 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 ($BILLION)
Table 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 ($BILLION)
