Global RFID Tags Market for Agricultural Application 2017-2021

Overview of the global RFID tags market for agricultural application

Technavio’s market study identifies the greater benefits associated with RFID tags to be one of the primary growth factors for the RFID tags market for agricultural application. Individuals involved in agricultural practices are specialized in producing a wide product portfolio. Farmers also face a lot of challenges as each step of the farming process is integral to achieve the best yield. Radiofrequency identification (RFID) solutions and tags aid the farmers in overcoming common challenges by ensuring optimum functionality of equipment, total monitoring of the farm, and properly accounting the crop inventory. Our market research analysts estimate that this market will grow steadily at a CAGR of more than 11% by 2021.

Supported by the rapid and widespread technological advances, RFID technology is widely used in several industries such as agriculture, transportation, aerospace, information technology (IT), logistics, and others. Cloud-based RFID solutions offers usage of RFID systems at a reasonable cost. Additionally, cloud-based RFID solutions reduces the risk of data loss and data corruption. The advent of cloud-based RFID solutions to overcome data corruption issues is identified to be one of the key trends that will gain traction in the RFID tags market for agricultural application.

Competitive landscape and key vendors

The RFID tags market for agricultural application is significantly fragmented owing to the presence of several established international, regional, and local players. RFID tags manufacturers compete intensely in terms of product differentiation, product portfolio, pricing, quality, and brand. Players are employing innovative strategies such as M&A and significant investments in R&D. Players are focusing extensively on sustainable production to attain competitive advantage in the RFID agricultural technology market. 

The leading vendors in the market are

• Alien Technology
• Honeywell International
• Zebra Technologies

The other prominent vendors in the market are Avery Dennison, Confidex, CoreRFID, GAO RFID, HID Global, Impinj, Invengo Technology, JADAK, Mojix, Nedap, Omni-ID, ORBCOMM, RISE Acreo, SMARTRAC, Tageos, Tellago, and Tag Factory.

Segmentation by product type and analysis of the RFID tags market for agricultural application

• Passive RFID tags
• Active RFID tags

Industries adopt passive RFID tags due to their longevity and improved ruggedness in comparison to other products. They are also adept at real-time tracking of tagged items. Passive RFID tags are powered from the RFID reader signal and are used for access control, race timings, supply chain management, tool tracking, and smart labels.

Segmentation by frequency and analysis of the RFID tags market for agricultural application

• High frequency (HF) RFID
• Ultra high frequency (UHF) RFID
• Low frequency (LF) RFID

HF RFID tags are primarily preferred due to their high frequency and relatively cheaper cost in comparison to other tags, contributing positively to the growth of the RFID agricultural technology market. HF RFID tags are used in industrial purposes as they are moderately sensitive to interference. These tags are adept at tracking and can scan items at a distance of upto 30cm, and operate at 13.56 MHz.

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 RFID tags market for agricultural application?
• What are the key market trends impacting the growth of the global RFID tags market for agricultural application?
• What are the challenges to market growth?
• Who are the key vendors in the global RFID tags market for agricultural application?
• What are the market opportunities and threats faced by the vendors in the global RFID tags market for agricultural application?
• 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 tags market for agricultural application?

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