Radio Frequency Identification (RFID) Market Analysis North America, APAC, Europe, South America, Middle East and Africa - US, Canada, China, Japan, Germany - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 181 SKU: IRTNTR40517

Radio Frequency Identification (RFID) Market Forecast 2024-2028 

The Radio Frequency Identification (RFID) Market size is estimated to grow by USD 14.20 billion at a CAGR of 12.83% between 2023 and 2028.  The adoption of inventory management systems helps businesses improve their operational efficiency, reduce costs, and enhance customer service by ensuring accurate inventory tracking and management. The adoption of RFID solutions in cloud middleware enables businesses to integrate RFID technology into their existing systems more easily, leading to increased adoption of RFID technology in various industries. The increased adoption of RFID in e-commerce is driven by the need for improved inventory visibility, faster order processing, and enhanced customer experiences, driving growth in the market for RFID solutions in e-commerce.

What will be the Size of the Radio Frequency Identification (RFID) Market During the Forecast Period?

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Market Segmentation

The report offers extensive research analysis on the market, with a categorization based on Product, including RFID tags, middleware, passive RFID systems, and active RFID systems. It further segments the market by End-user, encompassing industrial, retail, BFSI, logistics, healthcare, and others. Additionally, the report provides Geographical segmentation, covering APAC, Europe, North America, Middle East and Africa, and South America. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

By Product

The RFID tags segment is estimated to witness significant growth during the forecast period. This segment refers to an electronic tag that is integrated into the object/asset that exchanges data with a reader through radio waves. In addition, there are two main components, namely, an antenna and an integrated circuit (IC).  Furthermore, an antenna is used to receive the radio frequency. 

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The RFID tags segment was the largest segment and was valued at USD 4.91 billion in 2018. Moreover, the market is growing in several operational processes across the industrial landscape. In addition, a rising number of end-user industries that require access management and material identification has driven the market. Furthermore, these tags decrease the pressure on manual processes, enhance the efficiency of operations, increase asset traceability, and improve reliability. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By End-user

The increasing adoption of RFID technology in the industrial segment will increase the market growth. The adoption of this technology in the industrial segment is fuelled by its use for supply chain management and inventory management. In addition, in the industrial segment, both passive and active tags are used. Moreover, the use of active and passive tags depends highly on the application. In addition, the integration helps the end-user in shortening the production process and improving the efficiency of the production process. Furthermore, this technology also enables the end-user to make analytical decisions based on database management. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

By Region

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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that are fuelling the growth of the radio frequency identification middleware market in North America is the increased adoption of concepts such as smart factories in the region. In addition, this technology is used in various processes of smart factories and industries to reduce manual work and increase the accuracy of inventory. Moreover, there has been an increase in the adoption in smart factories and industries, as well as supply chain management. For example, According to the Bureau of Transportation Statistics, the total transborder freight between the US and Canada surged by 76.8% in April 2021 when compared to the same period in the previous year. Hence, such factors are driving the market growth in North America during the forecast period.

Market Dynamics and Customer Landscape

The market is witnessing significant growth, driven by its widespread adoption in various industries such as manufacturing, logistics, and warehousing. RFID technology enables efficient inventory management and asset tracking through the use of these tags and readers. In the context of toll collection, RFID solutions like FASTag have revolutionized electronic toll collection systems, enhancing efficiency and reducing congestion at toll booths. With advancements like 5G and the Internet of Things (IoT), These systems are becoming more advanced, enabling real-time location systems (RTLS) and sensor networks for improved resource optimization. Expert analysis indicates a positive outlook for the market, with continued growth expected in the coming years. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the increased adoption of RFID in e-commerce. The market is experiencing rapid growth, which is driving the market. Additionally, in the e-commerce sector, inventory is stored in warehouses and must be regularly updated. RFID technology is used in e-commerce to manage volatile inventory and provide stock updates, leveraging these solutions for efficient inventory management.

The technology in e-commerce saves time and enhances efficiency in inventory checks and new shipments on a daily/monthly basis. RFID scanners can read tags up to 20 feet away and record hundreds of tags per second. Inventory management in the logistics and manufacturing industry requires precise calculations of incoming and outgoing stock, and the technology provides accurate results while reducing data redundancy. This technology leverages sensor networks and tags for efficient warehousing operations. These factors are fueling market growth in the forecast period.

Major Market Trends

A key factor shaping the market growth is the growing interest in smart retail stores. A smart store refers to a type of brick-and-mortar retail establishment that uses smart technologies, including smart cards, and smart mirrors. In addition, the technology is used in smart stores for the delivery of products to customers and checkout services.

Moreover, Amazon.com Inc. and Walmart Inc. have successfully adopted RFID developments, allowing them to outperform physical retail establishments. For example, in February 2021, Lojas Centauro (a sports goods retailer) started deploying this technology at its stores to track apparel as they were received, displayed, and sold. Hence, the emergence of smart stores integrated with this technology is anticipated to impact the market positively. Therefore, it is expected to drive the market growth during the forecast period.

Significant Market Restrain

Data security and consumer privacy issues are one of the key challenges hindering the market growth. The technology has the feature to encrypt the stored data based on the requirements of the end-user. In addition, without encryption, the data stored can be found with the help of the frequency. However, data security is a threat to RF communication that happens between the tags and the readers

Moreover, alternative technologies such as beacons send a signal with a beacon identifier that says, I am here. Still, in RFID communication, it transmits the data related to the product, such as code and other details. Furthermore, some of the data security threats are clone tags, unauthorized riders, and side-channel attacks. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alien Technology LLC: The company offers radio frequency identification solutions such as IDs, antennas, and readers.

ASSA ABLOY AB: The company offers radio frequency identification solutions such as tags, antennae and readers.

Avery Dennison Corp: The company offers radio frequency identification solutions such as tags and labels for inventory accuracy and loss prevention.

The research report also includes detailed analyses of the competitive landscape of the market and information about 24 market companies, including:

  • CipherLab Co. Ltd.
  • CoreRFID Ltd.
  • CYBRA Corp.
  • Datalogic SpA
  • FEIG ELECTRONIC GmbH
  • Fujitsu Ltd.
  • GAO RFID Inc.
  • Honeywell International Inc.
  • Impinj Inc.
  • Mojix Inc.
  • Nedap NV
  • NXP Semiconductors NV
  • RFID Inc.
  • RFID4U
  • SATO Holdings Corp.
  • Siemens AG
  • SML Group Ltd.
  • TIBCO Software Inc.
  • Unitech Computer Co. Ltd.
  • Zebra Technologies Corp.
  • eAgile Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028.

  •  Product Outlook
    • RFID tags
    • Middleware
    • Passive RFID systems
    • Active RFID systems
  • End-user Outlook
    • Industrial
    • Retail
    • BFSI
    • Logistics
    • Healthcare and others
  • Geography Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant growth driven by technological advancements and strategic market growth initiatives. The market is influenced by government mandates and compliance experts, with asset tracking and payments being key applications. This is pivotal in automation across logistic and manufacturing industries, optimizing resource and value chain. Challenges include high costs, technical limitations, and regulatory hurdles. However, with real-time intelligence and RFID readers, the market is poised for geographic expansions and emerging revenue pockets, creating an opportunity for global and localized players.

The market is influenced by technological innovations and strategic market growth analysis. Expert analysis drives advancements, but challenges include high cost and regulatory hurdles. IoT integration and real-time location services enhance security and access control in logistic and manufacturing industries. This enables product approvals and efficient shipping in retail applications, impacting return on investment. Market dynamics include import/export analysis and value chain optimization, with UHF technology and transponders playing vital roles in resource optimization and production consumption analysis. The market is evolving rapidly with product launches and expansions in manufacturing facilities to meet demands. However, regulatory and legal challenges and RFID tag costs pose significant restraints. Pestle analysis helps navigate trade regulations and optimize return on investment (ROI) in this dynamic sector.

The market is driven by technological innovations like Ultra-high frequency RFID and Active tags. It finds application niches in asset tracking & payments, automatic item identification, and electronic toll collection. Market growth is influenced by factors such as changes in market regulations, NFC integration, and Market Ecosystem developments. Challenges include interference and the high cost associated with RFID products. Recent developments in technology, such as real-time location services (RTLS) and guardRFID, have led to effective store handling and improved logistics in the manufacturing industry. Its impact is evident in retailers seeking ROI through Pricing Analysis and efficient shipping in shipping and receiving applications.

Radio Frequency Identification (RFID) Market Scope

Report Coverage

Details

Page number

181

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.83%

Market Growth 2024-2028

USD 14.20 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

11.65

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key countries

US, Canada, China, Japan, and Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., CipherLab Co. Ltd., CoreRFID Ltd., CYBRA Corp., Datalogic SpA, FEIG ELECTRONIC GmbH, Fujitsu Ltd., GAO RFID Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., Nedap NV, NXP Semiconductors NV, RFID Inc., RFID4U, SATO Holdings Corp., Siemens AG, SML Group Ltd., TIBCO Software Inc., Unitech Computer Co. Ltd., Zebra Technologies Corp., and eAgile Inc.

Market dynamics

Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global radio frequency identification (RFID) market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global radio frequency identification (rfid) market 2018 - 2022 ($ billion)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 RFID tags - Market size and forecast 2023-2028
      • Exhibit 34: Chart on RFID tags - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on RFID tags - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on RFID tags - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on RFID tags - Year-over-year growth 2023-2028 (%)
    • 6.4 Middleware - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Middleware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Middleware - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Middleware - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Middleware - Year-over-year growth 2023-2028 (%)
    • 6.5 Passive RFID systems - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Passive RFID systems - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Passive RFID systems - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Passive RFID systems - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Passive RFID systems - Year-over-year growth 2023-2028 (%)
    • 6.6 Active RFID systems - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Active RFID systems - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Active RFID systems - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Active RFID systems - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Active RFID systems - Year-over-year growth 2023-2028 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 50: Market opportunity by Product ($ billion)
      • Exhibit 51: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 52: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 53: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 54: Chart on Comparison by End-user
      • Exhibit 55: Data Table on Comparison by End-user
    • 7.3 Industrial - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • 7.4 Retail - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Retail - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Retail - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Retail - Year-over-year growth 2023-2028 (%)
    • 7.5 BFSI - Market size and forecast 2023-2028
      • Exhibit 64: Chart on BFSI - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on BFSI - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on BFSI - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on BFSI - Year-over-year growth 2023-2028 (%)
    • 7.6 Logistics - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Logistics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Logistics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Logistics - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Logistics - Year-over-year growth 2023-2028 (%)
    • 7.7 Healthcare and others - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Healthcare and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Healthcare and others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Healthcare and others - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Healthcare and others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by End-user
      • Exhibit 76: Market opportunity by End-user ($ billion)
      • Exhibit 77: Data Table on Market opportunity by End-user ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 79: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 80: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 81: Chart on Geographic comparison
      • Exhibit 82: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 87: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 95: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 103: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 107: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Canada - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Canada - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Canada - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Canada - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 Germany - Market size and forecast 2023-2028
      • Exhibit 119: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 123: Market opportunity by geography ($ billion)
      • Exhibit 124: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 125: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 127: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 128: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 129: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 130: Matrix on vendor position and classification
            • 12.3 Alien Technology LLC
              • Exhibit 131: Alien Technology LLC - Overview
              • Exhibit 132: Alien Technology LLC - Product / Service
              • Exhibit 133: Alien Technology LLC - Key offerings
            • 12.4 ASSA ABLOY AB
              • Exhibit 134: ASSA ABLOY AB - Overview
              • Exhibit 135: ASSA ABLOY AB - Business segments
              • Exhibit 136: ASSA ABLOY AB - Key news
              • Exhibit 137: ASSA ABLOY AB - Key offerings
              • Exhibit 138: ASSA ABLOY AB - Segment focus
            • 12.5 Avery Dennison Corp.
              • Exhibit 139: Avery Dennison Corp. - Overview
              • Exhibit 140: Avery Dennison Corp. - Business segments
              • Exhibit 141: Avery Dennison Corp. - Key news
              • Exhibit 142: Avery Dennison Corp. - Key offerings
              • Exhibit 143: Avery Dennison Corp. - Segment focus
            • 12.6 CipherLab Co. Ltd.
              • Exhibit 144: CipherLab Co. Ltd. - Overview
              • Exhibit 145: CipherLab Co. Ltd. - Product / Service
              • Exhibit 146: CipherLab Co. Ltd. - Key offerings
            • 12.7 CoreRFID Ltd.
              • Exhibit 147: CoreRFID Ltd. - Overview
              • Exhibit 148: CoreRFID Ltd. - Product / Service
              • Exhibit 149: CoreRFID Ltd. - Key offerings
            • 12.8 CYBRA Corp.
              • Exhibit 150: CYBRA Corp. - Overview
              • Exhibit 151: CYBRA Corp. - Product / Service
              • Exhibit 152: CYBRA Corp. - Key offerings
            • 12.9 Datalogic SpA
              • Exhibit 153: Datalogic SpA - Overview
              • Exhibit 154: Datalogic SpA - Business segments
              • Exhibit 155: Datalogic SpA - Key offerings
              • Exhibit 156: Datalogic SpA - Segment focus
            • 12.10 Fujitsu Ltd.
              • Exhibit 157: Fujitsu Ltd. - Overview
              • Exhibit 158: Fujitsu Ltd. - Business segments
              • Exhibit 159: Fujitsu Ltd. - Key news
              • Exhibit 160: Fujitsu Ltd. - Key offerings
              • Exhibit 161: Fujitsu Ltd. - Segment focus
            • 12.11 GAO RFID Inc.
              • Exhibit 162: GAO RFID Inc. - Overview
              • Exhibit 163: GAO RFID Inc. - Product / Service
              • Exhibit 164: GAO RFID Inc. - Key offerings
            • 12.12 Honeywell International Inc.
              • Exhibit 165: Honeywell International Inc. - Overview
              • Exhibit 166: Honeywell International Inc. - Business segments
              • Exhibit 167: Honeywell International Inc. - Key news
              • Exhibit 168: Honeywell International Inc. - Key offerings
              • Exhibit 169: Honeywell International Inc. - Segment focus
            • 12.13 Nedap NV
              • Exhibit 170: Nedap NV - Overview
              • Exhibit 171: Nedap NV - Product / Service
              • Exhibit 172: Nedap NV - Key offerings
            • 12.14 NXP Semiconductors NV
              • Exhibit 173: NXP Semiconductors NV - Overview
              • Exhibit 174: NXP Semiconductors NV - Product / Service
              • Exhibit 175: NXP Semiconductors NV - Key news
              • Exhibit 176: NXP Semiconductors NV - Key offerings
            • 12.15 RFID Inc.
              • Exhibit 177: RFID Inc. - Overview
              • Exhibit 178: RFID Inc. - Product / Service
              • Exhibit 179: RFID Inc. - Key offerings
            • 12.16 SML Group Ltd.
              • Exhibit 180: SML Group Ltd. - Overview
              • Exhibit 181: SML Group Ltd. - Product / Service
              • Exhibit 182: SML Group Ltd. - Key offerings
            • 12.17 TIBCO Software Inc.
              • Exhibit 183: TIBCO Software Inc. - Overview
              • Exhibit 184: TIBCO Software Inc. - Product / Service
              • Exhibit 185: TIBCO Software Inc. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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