The Radio Frequency Identification (RFID) Tag Market

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LONDON, Sep 30, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the RFID Tags Market, RFID companies are increasingly implementing advanced technologies such as IoT and Big Data, which is a growing trend in the radio frequency identification market. With the help of IoT, RFID tags can connect objects to a network and allow them to create and send data. It helps in real-time monitoring of tagged objects and in creating a system of connected devices that broadcast information about their position, conditions and quantities in real time. For example, according to Digiteum LLC, a report by a software development company based in Poland in 2019, the number of connected devices is expected to reach 200 billion by 2020. Many of these devices will be RFID-enabled and will be found in hospitals, emergency departments, nursing homes and other health facilities.

The Radio Frequency Identification (RFID) tag market includes the sales of RFID tags by entities (organizations, independent merchants, and partnerships) that use hardware and software technologies that enable users to receive, store, and transmit data. by radio waves. RFID tags are small devices with a chip and antenna that can be used to wirelessly identify objects to which they are attached using an RFID reader. RFID tags transmit their identification, track and communicate information to adjacent readers over radio waves and can store a variety of data ranging from a single serial number to multiple pages of information.

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The global radio frequency identification (RFID) tag market is expected to grow by $ 10.53 billion in 2020 to $ 12.21 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The change in the growth trend of the RFID tags market is mainly due to the fact that companies are stabilizing their production after meeting the demand which has increased exponentially during the COVID-19 pandemic in 2020. The RFID tag market is expected to rise. to reach $ 18.94 billion in 2025 To 11.6% CAGR.

NOTNorth America was the larger region Radio Frequency Identification (RFID) Tags Market in 2020. Regions Covered by RFID Tags Market Report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.

The Business Research Company report titled Radio Frequency Identification (RFID) Tags Global Market Report 2021 – By Tag Type (Active RFID, Passive RFID), By Material (Plastic, Paper, Glass), By Frequency (Low Frequency, High frequency, ultra high frequency), By Application (Agriculture, Retail & Wholesale, Healthcare, BFSI, Sweat & Logistics, Education), COVID-19 Implications and Growth covers major RFID tag companies, RFID Tag market share by company, RFID tag manufacturers, RFID tag market size, and RFID tag market forecast. The report also covers the global RFID tags market and its segments.

The main types of RFID tags are active RFID and passive RFID. Active RFID tags are battery-powered sensor tags that connect to various access points in an area (such as a building) and transfer data to the cloud. Active RFID is frequently used in real-time location tracking. The different materials include plastic, paper, glass, others and operate in various frequencies such as low frequency, high frequency, ultra high frequency. These are used in several applications including agriculture, retail and wholesale, healthcare, BFSI, sweat and logistics, education and others.

In December 2019, Avery Dennison, a US company involved in the manufacture and distribution of clothing brand labels and tags, RFID inlays, acquired the RFID transponder (RFID Inlay) business from Smartrac for 225 million euros (~ $ 248 million). Avery Dennison intends to expand its smart label platform across a range of end markets as a result of this purchase, which will help Avery Dennison continue to drive innovation that benefits customers and the industry. in general. Smartrac NV is a Netherlands-based company that manufactures high security RFID inlays.

The major players in the RFID tag industry are Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj Inc., Invengo Technology Pte. Ltd., AMS AG, Atmel Corp, Alien Technology, Smartrac NV, GAO RFID Inc., The Tag Factory and MOJIX.

Radio Frequency Identification (RFID) Tags Global Market Report 2021 – COVID-19 Implications And Growth is part of a series of new reports from The Business Research Company that provide market overviews, analyze and forecast market size and growth for the entire market, segments and geographies, trends, drivers, restraints, revenue, profiles and market shares of major competitors in over 1,000 industry reports, covering over 2,500 market segments and 60 geographic areas.

The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.

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