Global Radiofrequency Identification Market – Industry Analysis and forecast (2019 to 2026)

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Global Radiofrequency Identification Market was valued USD XX Bn in 2019 and is expected to reach US$ 29.43 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Global Radiofrequency Identification Market Drivers and Restrains:

Radio frequency identification (RFID) technology, which is uses electromagnetic fields or electrostatic field to automatically identify and track tags attached to objects or individuals. RFID technology is widely used for identification and tracking in security and access control applications. Increasing implementation of RFID technology in end users, owing to various benefits offered by radio frequency identification technology like, easy modification of tag data, one time established line of sight, streamline asset tracking and enhanced supply chain visibility is major factor expected to boost growth of the target market during the forecast period.

Furthermore, the government initiatives on integrating RFID technology across several applications, rising interest in value chain management, and expanding Internet of Things (IoT) infrastructure. For instance, RFID tags are inserted in casino chips to prevent counterfeit and fraud. RFID systems simple tracking and counting errors are avoided, which helps in all possible ways. Therefore, with RFID tags, vendors, manufacturers, and other market players have witnessed improvements in the overall data entry pattern, which is leading to market growth.

Manufacturers in the radio frequency identification are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.
Global Radiofrequency Identification Market Segmentation Analysis:

Based on end users, healthcare segment is expected to grow at the highest CAGR of XX% during the forecast period. Radio frequency identification (RFID) provides high level of security and privacy for handling private information including identity and personal health information. RFID confirms a patient’s identity during medicinal care as well as assists in specific health management. Increasing adoption of radio frequency identification in managing patient data will drive the radio frequency identification (RFID) industry growth.
Global Radiofrequency Identification Market Regional Analysis:

The North Americas was the dominant region in the global RFID market in 2018 followed by Asia Pacific. Moreover, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of XX% during the forecast period 2018–2026. This is mainly due to growing organized retail sector and increasing investments on asset management solutions by organizations across various end users.

A report covers the recent development in market for radio frequency identification like, April 2018: Xecan improved the clinical workflow and patient care via integrating palm, facial recognition, and RFID identification devices with Elekta’s MOSAIQ oncology information system.
March 2018: Logi-Tag Medical Systems released Scan and Restock RFID technology for low cost-high volume medical supplies inventory management.

The objective of the report is to present comprehensive assessment projections with a suitable set of assumptions and methodology. The report helps in understanding Global Radiofrequency Identification market dynamics, structure by identifying and analyzing the market segments and projecting the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, growth strategies, and regional presence. To understand the market dynamics and by region, the report has covered the PEST analysis by region and key economies across the globe, which are supposed to have an impact on market in forecast period.

PORTER’s analysis, and SVOR analysis of the market as well as detailed SWOT analysis of key players has been done to analyze their strategies. The report will be address all questions of shareholders to prioritize their efforts and investment in the near future to the emerging segment in the Global Radiofrequency Identification market.
Scope of the Global Radiofrequency Identification Market: Inquire before buying

Global Radiofrequency Identification Market, by Component:

• Active RFID/RTLS systems
• Passive RFID services
• Networking
• Software
• Passive RFID interrogators
• Passive RFID tags
Global Radiofrequency Identification Market, by End Users:

• Transportation
• Retail
• Government
• Healthcare
• Aerospace & Defense
Global Radiofrequency Identification Market, by Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Radiofrequency Identification Market, Major Players:

• Avery Dennison
• Alien Technology
• Applied Wireless RFID
• Checkpoint Systems, Inc.
• Impinj, Inc.
• Invengo Technology Pte. Ltd.
• Honeywell International Inc.
• Motorola Solutions
• Savi Technology
• Datalogic
• Honeywell International
• NXP Semiconductors
• Zebra Technologies
• ZIH Corp.
• Siemens AG
• Identiv, Inc.
• Alien Technology, LLC
• Omni-ID,
• Mojix, Inc.

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 This Report Is Submitted By : Maximize Market Research Company

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