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 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 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.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
- Market outline
- Parent market: Global RFID market for retail applications
PART 05: MARKET LANDSCAPE
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: MARKET SEGMENTATION BY FREQUENCY
- Global retail RFID security tags market: Segmentation by frequency
- Comparison by frequency
- HF RFID retail security tags – market size & forecast
- UHF RFID retail security tags – Market size & forecast
- LF RFID retail security tags – Market size & forecast
- Others RFID retail security tags – market size & forecast
- Market opportunity by frequency
PART 07: MARKET SEGMENTATION BY PRODUCT
- Global retail RFID retail security tags market: Segmentation by product
- Comparison by product
- Passive tags– market size & forecast
- Active tags – market size & forecast
- Market opportunity by product
PART 08: REGIONAL LANDSCAPE
- Global retail RFID security tags market: Geographical segmentation
- Regional comparison
- Americas – market size & forecast
- APAC – market size & forecast
- EMEA – market size & forecast
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Growing omnichannel retailing
- Provision of cloud-based-RFID solutions
- Use of RFID security tags to monitor perishable goods
PART 12: COMPETITOR LANDSCAPE
PART 13: VENDOR ANALYSIS
- Alien Technology
- Avery Dennison
- SMARTRAC
- SML Group
- ZIH
- Other prominent competitors
PART 14: APPENDIX