November 2, 2020

Active RFID Tags Market 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.)

CoreRFID Ltd (U.K.)

GAO RFID Inc. (Canada)

Tageos (France), and others

Segmental Outline

The Active RFID Tags market is segmented by types and application.

By type, the market is segmented into active, passive, and semi-passive. The passive Active RFID Tags segment is estimated to have command on the market share in the years to come. Passive tags do not have source for internal power. Therefore they depend on power induced by a reader. It is because lack of a battery, passive tags are durable, cost-effective, and smaller in size as compared to others. They are used in accessing control, supply chain management, inventory management, and in tool tracking. The rowing prominence of passive Active RFID Tags among its end-users is expected to escalate the growth of the Active RFID Tags market in the review period. Active tag are used for tracing containers, pallets, and large military assets. The increase in ocean exploring activities and rise in number of sales of military assets are expected to surge the market.

Active 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 Active 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 Active RFID Tags producers in the region is anticipated to cast a positive influence on the market. The United States Active RFID Tags market 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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