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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.
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
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.
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.
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.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: MARKET SEGMENTATION BY FREQUENCY
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
PART 09: REGIONAL LANDSCAPE
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
PART 13: COMPETITOR LANDSCAPE
PART 14: KEY COMPETITOR ANALYSIS
PART 15: APPENDIX
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