Global RFID Market 2017-2021

  • Published: Apr 2017
  • Pages: 70
  • SKU: IRTNTR12405
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The global RFID market report provides an analysis of the market by product (active, passive, middleware, and RFID tags), by end-user (healthcare, logistics, retail, financial security, industrial, and others), and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Datalogic, Honeywell International, and Zebra Technologies.

The infographic below contains key findings from our analysis of the RFID market   

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Overview of the global RFID market

Technavio’s RFID market research report predicts the market to grow steadily at a CAGR of around 9% by 2021. One of the primary drivers for this market is the rise in the number of software solution vendors entering the RFID market. The emergence of cloud-based supply chain management systems has provided a huge opportunity for various software solution companies to offer services that include tracking, data analytics, and inventory management. This helps end-users to know when a shipped product goes missing. It also helps in strengthening the supply chain by eliminating the future loss of finished or semi-finished goods. Such market behavior is highly favorable for the RFID market as mid-sized retailers can make use of such solutions. Several vendors are increasing their market presence in the RFID market. For instance, Microsoft partnered with Mojix to develop a solution by integrating ethereum blockchain and Mojix's IoT platform. Moreover, the significantly lower cost of initial procurement and annual subscription is expected to propel growth in the global RFID market during the forecast period. 

In terms of geography, the Americas accounted for the maximum RFID market share during 2016 and will continue to dominate the market for the next few years. This growth of the Americas in the RFID market can be attributed to the increased popularity of smart industries that incorporate RFID solutions in their supply chain management. considered to be the first adopter of the technology in the field of automatic data capture (ADC) devices. Also, the expansion of domestic industries and the rise in the number of third-party logistics companies in South America is expected to augment growth in the global RFID market in the coming years.

Competitive landscape and key vendors

The global RFID market is highly fragmented due to the presence of several vendors holding market shares across the globe. The competition in the industry is becoming intense and is characterized by improving standards, significantly changing smart technologies, and evolving end-user requirements, which is also driving new product developments.

According to the RFID market analysis report, the leading vendors in the market are –

  • Datalogic
  • Honeywell International
  • Zebra Technologies

Other prominent vendors in the RFID market include Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, FEIG ELECTRONIC, Fujitsu, GAO RFID, Impinj, ORBCOMM, Quantum Resources, Mojix, Mobile Aspects, Nedap, RFID4U, RF Ideas, Skytron, JADAK Technologies, Solstice Medical, Smartrac, Stanley InnerSpace, SATO VICINITY, TAGSYS RFID, Terso Solutions, Tellago, TIBCO Software Tyco Retail Solutions, Thinfilm, ThingMagic, Unitech Electronics, WaveMark, and Xterprise.

 

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Segmentation by product and analysis of the RFID market

  • Active RFID systems
  • Passive RFID systems
  • Middleware
  • RFID tags

During 2016, the RFID tags segment dominated the RFID market and accounted for a major part of the overall market share. The increasing application of RFID technology in the industrial and retail sectors is one of the key factor responsible for the growth of this segment in the RFID tags market.

Segmentation by end-users and analysis of the RFID market

  • Healthcare
  • Logistics
  • Retail
  • Financial security
  • Industrial

In this market study, analysts have estimated the industrial segment to dominate the RFID market during the forecast period. the exponential increase in the use of RFID solutions in the supply chain is the major factor responsible for the growth of the industrial segment in the global market. The integration of RFID in supply chain management helps in shortening production or assembly cycles and improving operational efficiencies.

Key questions answered in the report include

  • What will the RFID market size and the growth rate be in 2021?
  • What are the key factors driving the global RFID market?
  • What are the key RFID market trends impacting the growth of the market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global RFID market?
  • What are the market opportunities and threats faced by the vendors in the global RFID market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global RFID market?

 

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

PART 03: Research Methodology

PART 04: Introduction

  • Key market highlights

PART 05: Technology landscape

  • Components of RFID solution
  • Difference between NFC, RFID/EPC tag, and traditional barcode

PART 06: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 07: Market segmentation by product

  • Market overview

PART 08: Market segmentation by end-user

  • Market overview

PART 09: Geographical segmentation

  • RFID market in Americas
  • RFID market in APAC
  • RFID market in EMEA

PART 10: Key leading countries

PART 11: Decision framework

PART 12: Drivers and challenges

  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments

PART 13: Market trends

PART 14: Vendor landscape

  • Competitive landscape
  • Key vendors
  • Other prominent vendors

PART 15: Appendix

  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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