Industry Experts, Inc. introduced the new market research report "Global RFID Market – Readers, Tags and Software". The report reveals that the Ultra-High Frequency segment is projected to be the fastest growing market with a CAGR of 14.6% between 2018 and 2024, globally.
The growth of the RFID market is predominantly driven by the rising need for efficient supply chain management in the developing economies of China, South East Asia & others in Asia, Middle East & Africa. In Logistics & Transportation and Healthcare & Medical sectors, the focus on RFID technology for the tracking and classification of travel & shipping and medical instruments is rising, and this is expected to drive the demand for the technology.
RFID product components analyzed in this report comprise Tags, Readers and Middleware & Software. RFID Tags remain the largest product type within the RFID market, reaching a projected US$17 billion by 2024 from an estimated US$8.2 billion in 2018, during the 2018-2024 analysis period. The global market for Frequency types studied in this report include Low Frequency, High Frequency and Ultra High Frequency. The report also explores the global market for major applications of RFID including Automotive, Financial Services, Healthcare & Medical, Logistics & Transportation, Agriculture-Farming & Livestock, Manufacturing, Retail and Other.
The report reviews, analyses and projects the RFID market for global and the regional markets including the North America, Europe, Asia-Pacific, South America and Rest of World for the period 2015-2024 in terms of value in USD. These regional markets further analyzed for 13 independent countries across North America – the United States, Canada and Mexico; Europe – Germany, the United Kingdom, France and Italy; Asia-Pacific – China, India, Japan and South Korea; and South America – Brazil and Argentina.
This 338 page global market report on RFID includes 174 charts (includes a data table and graphical representation for each table), supported with a meaningful and easy to understand graphical presentation, of the market. The statistical tables represent the data for the global market by geographic region, product type, frequency type and application. This report includes the brief business profiles of 28 key global players and 47 major players across the North America – 31; Europe – 9; and Asia-Pacific – 7. The report also provides the listing of the companies engaged in research & development, manufacturing and supply of RFID equipment. The global list of companies covers addresses, contact numbers and the website addresses of 295 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
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