Radio-Frequency Identification (RFID) are the radio waves that are utilized for reading and capturing the information that is stored on a tag attached to an object. These tags are used to store the product information electronically and also can be analyzed the object from distance. RFID can be used in manufacturing, logistics and warehousing, where keeping track of the inventory and assets is of prime importance as they found a significant improvement in the overall quality of data entry. It also facilitates to gather the location data with the help of RTLS to pinpoint an exact location and the identity of assets.
This statistical surveying report presents a comprehensive study of the global market for Radio Frequency Identification by assessing the growth drivers and restraining factors at length. This comprehensive study of the imperative aspects assists the market contestants in understanding the concerns they will be facing while operating in this market over a long period of time.
In 2015, the cost of passive tags started at US$0.07 each; special tags, meant to be mounted on metal or withstand gamma sterilization, can go up to US$5. Active tags for tracking containers, medical assets, or monitoring environmental conditions in data centers start at US$50 and can go up over US$100 each. Battery-Assisted Passive (BAP) tags are in the US$3–10 range and also have sensor capability like temperature and humidity.
The Global Radio Frequency Identification (RFID) IC Market value is expected to rise to US$14.8 billion by 2020, at a 6.9%CAGR between 2016-2020.
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The report begins with a brief introduction and market overview, in which the Global Radio Frequency Identification Market industry is first defined before estimating its market scope and size. Next, the report elaborates on the market scope and market size estimation. This is followed by an overview of the market segmentations such as type, application, and region. The drivers, limitations, and opportunities are listed for the Global Radio Frequency Identification Market industry, followed by industry news and policies.
The report includes an analysis of the growth rate of every segment with the help of charts and tables. In addition, the market across various regions is analyzed in the report, including North America, Europe, Asia-Pacific, and LAMEA. The report manifests the growth trends and future opportunities in every region.
In this Global Radio Frequency Identification Market research report, the major factors driving the growth of this market were documented and the business partners & end operators were long-winded. The configuration of the business division, examples and complications manipulating the market internationally are similarly a piece of this broad analysis.
The various factors supporting the market’s trajectory and those posing threat are studied in the report in detail. Furthermore, the market study segments the Global Radio Frequency Identification Market based on application and industry chain structure. In these sections, it covers various factors influencing the market’s trajectory across the segments. Furthermore, it identifies the most profitable of them all to help investors take the well-versed decision.
For the future period, sound forecasts on market value and volume are offered for each type and application. In the same period, the report also provides a detailed analysis of market value and consumption for each region. These insights are helpful in devising strategies for the future and take necessary steps. New project investment feasibility analysis and SWOT analysis are offered along with insights on industry barriers. Research findings and conclusions are mentioned at the end.
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