Radio Frequency Identification (RFID)Market Insight : DecisionDatabases.com
Radio frequency identification, or RFID, is a widespread packaging technology which is used for tracking and identifying objects. The ancestors of this technology dates back to 1940’s. Though the use and design was far behind from today’s RFID technology, which is making its presence in healthcare, sports, libraries, sports, museums, transportation, retail counters among many others.
Mentioned below is a snapshot of the global RFID market.
Browse the latest research study on “Global Active and Smart Packaging Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2021”
||Current Market and Expected Forecast
- RFID Tag
- RFID Reader
- RFID middleware and services
|Expected to have largest market share and reflect highest CAGR in coming years.
- Active RFID
- Passive RFID
- Battery-Assisted Passive (BAP)
|Passive RFID holds largest market share.
BAP is expected to reflect highest CAGR in coming years.
- Low Frequency Band(LF)
- High Frequency Band(HF)
- Ultra-High Frequency Band(UHF)
|UHF’s are most widely used and are thus expected to reflect highest CAGR in coming years.
- Automation and Transportation
- Medical and Healthcare
- Media and Entertainment
- Retail and supply management
- Enterprise Access Control
- Defense and Military
- Banking and Finance
|Automation and Transportation holds the largest market share and medical and healthcare is envisioned to grow at a high CAGR in coming years.
- Latin America
- Brazil, Argentina & Others
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
|Share contribution of North America is the highest in global RFID market.
Europe, Asia-Pacific and Japan regions are expected to show dramatic adoption of RFID products and solutions in upcoming decade.
Huge demand for chip less RFID from developing countries such as India and china.
Market in Latin America and Middle East & Africa are expected to show comparatively slow penetration.