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Global RFID Tags Market Estimated $9.08 Bn Growth By 2026 Report By Alien Technology, AWID, Avery Dennison, Consumer Packaging Insights, Checkpoint Systems, GAO RFID Inc, GlobeRanger and others

RFID Tags market research report works as a valuable source of information with which businesses can accomplish a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report makes available all-inclusive study of current situation of the large-scale market along with several market dynamics. In addition, RFID Tags report also encompasses all the information including market definition, classifications, key developments, applications, and engagements along with the detailed actions of key players with respect to product launches, joint ventures, developments, mergers and acquisitions and effects of the same in terms of sales, import, export, revenue and CAGR values.

In this way, this RFID Tags market report performs an assessment of the growth rate and the market value of Electronic & Semiconductor industry based on market dynamics and growth inducing factors. A number of steps have been applied while generating this report by taking contribution from a dedicated team of researchers, analysts and forecasters. Not to mention, this RFID Tags report is also characterized by using several charts, graphs and tables depending on the extent of data and information involved. Clients can come across the best opportunities which aids them achieve success in the market with an excellent practice models and method of research used in this RFID Tags market report.

Market Analysis:

Global RFID Tags Market is expected to rise from its initial estimated value of USD 4.31 billion in 2018, to a projected value of USD 9.08 billion by 2026, registering a CAGR of 9.75% in the forecast period of 2019-2026. This rise in market value can be attributed to growth in adoption and initiatives undertaken by the various manufacturers and government organizations.

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Key Competitors:

  • Alien Technology, LLC
  • AWID
  • AVERY DENNISON CORPORATION
  • Stora Enso
  • CAEN RFID S.r.l.
  • Checkpoint Systems, Inc.
  • GAO RFID
  • GlobeRanger
  • Impinj, Inc.
  • Invengo Technology Pte. Ltd.
  • MOJIX
  • Motorola Mobility LLC
  • Nedap – Technology for live
  • NXP Semiconductors
  • Smartrac N.V.
  • Zebra Technologies Corp.
  • Honeywell International Inc.
  • SAG Securitag Assembly Group Co., LTD
  • Identiv, Inc.
  • Confidex Ltd.
  • Omni-ID
  • Savi Technology
  • Vizinex RFID
  • HID Global Corporation/ASSA ABLOY AB
  • TrackX
  • RFID Global Solution
  • Tag Factory
  • RF Code
  • CoreRFID
  • Tageo
  • ams AG

Key Developments in the Market:

  • In November 2018, Stora Enso announced the launch of a new sustainable RFID tag technology termed as, “ECO by Stora Enso”. The product is paper-based making them sustainable and completely recyclable products. The technology provides manufacturers transparency in tracing, and protection throughout the product supply chain.
  • In April 2018, AVERY DENNISON CORPORATION announced the launch of UHF RFID products during RFID Journal LIVE! 2018. The products are designed to meet the requirements of from the food & beverages and personal care & cosmetics market segments. The application of these products will provide accurate and unique information for every package through AVERY’s Janela TM platform.
  • In February 2017, Invengo Technology Pte. Ltd. announced the launch of slimmest UHF RFID tag for usage in Laundry & Textile market divisions. The product termed as “LinTRAK-Slim”, is to be woven and sewed into the textile and is very discrete. The product uses Impinj, Inc.’s Monza R6-P chip technology.

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Market Drivers & Restraint:

  • Increasing adoption and usage of RFID systems and tags in manufacturing and consumer goods; this factor is expected to act as a driver for the market growth
  • Growth in the usage of security measures and package protection; this factor is expected to drive the market growth
  • Requirement of large costs for installation and integration of RFID systems that are used for various functionalities in RFID tags; this factor is expected to act as a restraint to the market growth.

Segmentation:

Wafer Size

  • 200mm
  • 300mm
  • Others

Tag Type

  • Passive RFID
  • Active RFID
  • By Frequency
  • Low Frequency
  • High Frequency
  • Ultra-High Frequency
  • Active Ultra-High Frequency

Application

  • Agriculture
  • Commercial
  • Transportation
  • Healthcare
  • Logistic & Supply Chain
  • Aerospace
  • Defense
  • Retail
  • Security & Access Control
  • Sports

Form Factor

  • Button
  • Card
  • Implants
  • Key Fob
  • Label
  • Paper Tickets
  • Wristband
  • Others

Material

  • Plastic
  • Paper
  • Metal
  • Glass
  • Others

Competitive Analysis: Global RFID tags market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of RFID tags market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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