RFID (Radio-frequency identification) Tags Market Growth, 7.6% CAGR, Future Scope and Industry Forecast to 2023 | Global Active RFID Tag Industry Information by Types (Passive, Active and Semi-passive), by End-User (Healthcare, Retail, Automotive, Logistics and Transportation, and Others) and by Region – Forecast To 2023
Active RFID Tag Market Scope
This tag can be attached to the products, animals or even human beings. Primarily Active RFID Tag were invented to replace the barcodes in supply chains. Active RFID Tag can be read wirelessly and without line of sight, more robust and are contain more info than barcodes.
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)
CoreRFID Ltd (U.K.)
GAO RFID Inc. (Canada)
Tageos (France), and others
The Active RFID Tag market is segmented by types and application.
By type, the market is segmented into active, passive, and semi-passive. The passive Active RFID Tag 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 Tag among its end-users is expected to escalate the growth of the Active RFID Tag 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 Tag Industry Regional Analysis
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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Related Report : https://www.marketwatch.com/press-release/inventory-tags-market-2019-worldwide-analysis-global-size-industry-growth-share-plastic-inventory-tags-segmentation-challenges-target-audience-overview-and-forecast-by-2022-2019-10-31
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