November 26, 2020

RFID Tags Market Size, Key Drivers, Size, Share, Trends, Growth And Future Scope Analysis By 2023

Key Players

Confidex Ltd (Finland)

Alien Technology (U.S.)

Honeywell international Inc. (U.S.)

HID Global Corporation (U.S.)

Omni-ID Ltd (U.S.)

Impinj, Inc. (U.S.)

Smartrac N.V. (Netherlands)

Invengo Information Technology Co. Ltd (China)

Atmel Corporation (U.S.)

The Tag Factory (India)

RF Code Inc. (U.S.)

NXP Semiconductors N.V. (Netherlands)

CoreRFID Ltd (U.K.)

GAO RFID Inc. (Canada)

Tageos (France), and others

Segmental Outline

The RFID Tags Market Size is segmented by types and application.

By end user, the market is segmented into automotive, healthcare, retail, logistics, transportation, and others. The logistics and transportation segment is likely to dominate the market in the years to come. The RFID-based technologies are widely used to improve transportation safety and security. The utility of RFID tags in the healthcare industry is swelling. It is helping patients to tracking patients at long distance, in surgery asset management, and in the authentication of medication. In addition, the growing concern regarding drug counterfeit is also gaining traction for the RFID tag market, as these tags are being used extensively. The reduction in operation cost and increase in cases of medical device theft are factors that are likely to boost the market growth.

RFID Tags Industry Regional Analysis

The RFID (Radio-frequency identification) tags market in North America is expected to dominate in the years to come. The increase in governments’ initiatives to adopt RFID tags across different verticals in order to maintain a tight security is observed to be a major cause for the expansion of the market in North America. In addition, the burgeoning retail industry in the North America region is another factor that is expected to drive the market growth. The existence of major RFID tags producers in the region is anticipated to cast a positive influence on the market. The United States RFID Tags Market Size, is expected to contribute majorly to the regional market expansion.

The Asia Pacific RFID tag reader market anticipated to thrive at a high CAGR across the review period. The surge in adoption these tags by the packaging sector is identified as the main factor that can prompt the market growth. Rising industrial expansion, as well as increasing, urbanize population in the developing countries provide the further boost the market.

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