RFID Tags Market Report Scope

The RFID Tags Market Report is increasing rapidly and is expected to continue growing at the same pace over the forecast period. Market Research Future (MRFR) in its “RFID Tags Market Report “report states that the market is likely to grow rapidly over the forecast period of 2017 to 2023. MRFR reveals that the global market of RFID tags is estimated to expand at a CAGR of 7.6% over the years to evaluation. RFID tags are replacing barcodes in supply chains. As e-commerce industry is booming, the application RFID tags is surging. This is identified as a major cause that is likely to boost the expansion of RFID Tags Market Report.

This tag can be attached to the products, animals or even human beings. Primarily RFID tags were invented to replace the barcodes in supply chains. RFID tags can be read wirelessly and without line of sight, more robust and are contain more info than barcodes.

Key Players

Confidex Ltd (Finland)

Alien Technology (U.S.)

Honeywell international Inc. (U.S.)

HID Global Corporation (U.S.)

Omni-ID Ltd (U.S.)

Impinj, Inc. (U.S.)

Smartrac N.V. (Netherlands)

Invengo Information Technology Co. Ltd (China)

Atmel Corporation (U.S.)

The Tag Factory (India)

RF Code Inc. (U.S.)

NXP Semiconductors N.V. (Netherlands)

CoreRFID Ltd (U.K.)

GAO RFID Inc. (Canada)

Tageos (France), and others

Segmental Outline

The RFID Tags Market Report is segmented by types and application.

By type, the market is segmented into active, passive, and semi-passive. The passive RFID tags segment is estimated to have command on the market share in the years to come. Passive tags do not have source for internal power. Therefore they depend on power induced by a reader. It is because lack of a battery, passive tags are durable, cost-effective, and smaller in size as compared to others. They are used in accessing control, supply chain management, inventory management, and in tool tracking. The rowing prominence of passive RFID tags among its end-users is expected to escalate the growth of the RFID Tags Market Report in the review period.  Active tag are used for tracing containers, pallets, and large military assets. The increase in ocean exploring activities and rise in number of sales of military assets are expected to surge the market.

By end user, the market is segmented into automotive, healthcare, retail, logistics, transportation, and others. The logistics and transportation segment is likely to dominate the market in the years to come. 

RFID Tags Industry Regional Analysis

The RFID (Radio-frequency identification) tags market in North America is expected to dominate in the years to come. The increase in governments’ initiatives to adopt RFID tags across different verticals in order to maintain a tight security is observed to be a major cause for the expansion of the market in North America. In addition, the burgeoning retail industry in the North America region is another factor that is expected to drive the market growth. The existence of major RFID tags producers in the region is anticipated to cast a positive influence on the market. The United States RFID Tags Market Report is expected to contribute majorly to the regional market expansion.

The Asia Pacific RFID tag reader market anticipated to thrive at a high CAGR across the review period. The surge in adoption these tags by the packaging sector is identified as the main factor that can prompt the market growth. Rising industrial expansion, as well as increasing, urbanize population in the developing countries provide the further boost the market.

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