Global Retail RFID Security Tags Market 2017-2021

Overview of the global retail RFID security tags market

Technavio’s market research report identifies that the growing preference for advanced inventory management practices will be one of the primary growth drivers for the global retail radio-frequency identification (RFID) security tags market till 2021. The application of RFID technology in the retail sector ensures the availability of items in stock. This technology maintains relevant knowledge of product availability and means to locate them. This in turn, enable store stockers to track and locate the hidden items. The application of this technology ensures a high level of accuracy and precision by offering a better inventory management. Furthermore, the RFID technology also allow retailers to understand the point of investigation when there is an inventory loss due to shrinkage. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 38% by 2021.

The growth prospects for the RFID retail tags segment in the Americas is increasing due to boom in the retail industry. The retail sector in Latin America is also growing due to the advancement in medical and apparel industries in developing economies like Brazil and Mexico. This in turn, will enhance the economic conditions in Latin America. Furthermore, the Americas is extensively embracing RFID system and technology to enhance the shopping experience of consumers at retail spaces. The global retail RFID security tags market will continue to grow in the region throughout the predicted period because the Americas is popularly known for its technological readiness.

Competitive landscape and key vendors

The retail RFID security tags market is highly fragmented and characterized by the presence of several large and small vendors. The major players in the market are increasingly focusing on product offerings and after-sales services to remain competitive in the market. Furthermore, vendors of the RFID tags market are also focusing on durable and functional product portfolios, technological upgradations, and value-added services.

Key vendors in this market are -

• Alien Technology
• Avery Dennison
• SMARTRAC
• SML Group
• ZIH

Other prominent vendors in the market include CoreRFID, GlobeRanger, GAO RFID, Honeywell International, Impinj, Invengo Technology, Mojix, Omni-ID, ORBCOMM, and Tyco Retail Solutions

Segmentation by frequency and analysis of the retail RFID security tags market

• HF tags
• UHF tags
• LF tags

HF RFID retail security tags are commonly used for industrial purposes. The demand for HF RFID retail security tags is increasing because it is cheaper in comparison to UHF RFID tags. The RFID tags market will witness growth in the HF RFID retail security tags segment because HF RFID retail security tags offer high frequency. The adoption of these tags is high due to its anti-collision capability to read multiple tags simultaneously.

Segmentation by product and analysis of the retail RFID security tags market

• Passive tags
• Active tags

Passive RFID tags use the power supplied by the reader. The popularity of passive retail RFID security tags is increasing among end-users because they are more rugged than their counterparts. The retail RFID security tags market is experiencing growth in the passive RFID tags segment because these tags last longer. Furthermore, they are used to carry out many activities such as access control, inventory management, supply chain management, tool tracking, and smart RFID labels.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global retail RFID security tags market?
• What are the key market trends impacting the growth of the global retail RFID security tags market?
• What are the challenges to market growth?
• Who are the key vendors in the global retail RFID security tags market?
• What are the market opportunities and threats faced by the vendors in the global retail RFID security tags market?
• What are the 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 retail RFID security tags market?

Technavio also offers customization on reports based on specific client requirement.