The Global Radiofrequency Identification (RFID) Tags Market Report by The Business Research Company covers RFID tags market drivers and restraints, RFID tags market size, major players, and the impact of COVID-19 on the RFID tags market.
The radio-frequency identification (RFID) tags market consists of sales of RFID tags by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves. RFID tags are small devices with a chip and an antenna that may be used to wirelessly identify the objects they are attached to by using an RFID reader. RFID tags transmit their identification, track, and communicate information to adjacent readers through radio waves, and can store a variety of data ranging from a single serial number to multiple pages of information.
The global radio-frequency identification (RFID) tags market is expected to grow from $10.53 billion in 2020 to $12.21 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The change in growth trend in the RFID tags market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The RFID tags market is expected to reach $18.94 billion in 2025 at a CAGR of 11.6%.
The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information. RFID technology gives e-commerce organizations a better picture of the supply chain, allowing them to find what they need to fulfill a customer’s request.
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Some radiofrequency identification tags market trends include implementing advanced technologies such as IoT and Big Data. With the help of IoT, RFID tags can connect objects into a network and make them create and send data.
Global radiofrequency identification (RFID) tags market segments include:
1) By Tag Type: Active RFID, Passive RFID
2) By Material: Plastic, Paper, Glass, Others
3) By Frequency: Low Frequency, High Frequency, Ultra High Frequency
4) By Application: Agriculture, Retail And Wholesale, Healthcare, BFSI, Transpiration And Logistics, Education, Others
5) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Radiofrequency Identification (RFID) Tags Global Market Report 2021: COVID-19 Implications And Growth is one of a series of new reports from The Business Research Company that provides radiofrequency identification (RFID) tags market overviews, analyzes and forecasts market size, share, radiofrequency identification (RFID) tags market players, radiofrequency identification (RFID) tags market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The radiofrequency identification (RFID) tags identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Radiofrequency Identification (RFID) Tags Global Market Report 2021: COVID-19 Implications And Growth from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj Inc., Invengo Technology Pte. Ltd., ams AG, Atmel Corp, Alien Technology, Smartrac N.V., GAO RFID Inc., The Tag Factory, and MOJIX.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Radiofrequency Identification (RFID) Tags Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Radiofrequency Identification (RFID) Tags Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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