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Global RFID Market For Industrial Applications to grow at a CAGR of 19.2% during the period 2016-2020.

Press Release   •   May 17, 2016 08:12 EDT

Description

About the RFID Market for Industrial Applications

An RFID system is a wireless technology that utilizes radio waves to receive data from a tag attached to an object. It is used for various purposes such as tracking objects and automatic identification. RFID tags are integrated with ICs to store information about the product in the form of a unique identification code.

Technavios analysts forecast the Global RFID Market for industrial applications to grow at a CAGR of 19.2% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global RFID market for industrial applications for 2016-2020. To calculate the market size, the report considers the revenue generated from RFID used for only manufacturing applications. The market size includes the revenue generated from both the licensing of software as well as the shipment of RFID hardware.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global RFID Market for Industrial Applications 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Honeywell

Zebra Technologies

Datalogic

Other prominent vendors

Acreo Swedish ICT

Alien Technology

Avery Dennison

Checkpoint Systems

Cipher Lab

CoreRFID

Fieg Electronics

Global Ranger

GAO RFID

Impinj

InSync Software

Mojix

Nedap

RFID4U

RF Ideas

Skyetek

Smartrac

Software AG

SATO VICINITY

TAGSYS RFID

Tellaog

TIBCO Software

Tyco Retail Solutions

ThinFilm

ThingMagic

Xterprise

Market driver

Use of RFID system for error reduction in data entry

For a full, detailed list, view our report

Market challenge

Low awareness among potential users

For a full, detailed list, view our report

Market trend

Increased R&D spending by vendors

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?