Radio Frequency Identification (RFID) sensor industry forecast to 2025 scrutinized in new research
According to a new report published by Reports Monitor titled, “Global RFID Sensor Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the RFID sensor market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Radio Frequency Identification (RFID) sensor is a small electronic device consisting a microchip, a two-way transmitter-receiver and an antenna. RFID uses radio waves to read or detects the RFID tags attached to different objects. RFID tags are of two types namely active and passive. The RFID tags contain electronically stored information that can be detected by the RFID reader. RFID sensor operates on the basis of electromagnetic field.
The widespread demand for RFID sensors in various industries, due to the low cost of RFID’s and its widened use can be a significant growth in the global RFID sensor market. The demand for RFID technology in the management of keeping track of products or objects and monitoring in the inventory management are expected to be the major driving factors. Furthermore, the use of unique Animal Identification Number (AIN) by several government have made it mandatory in order to track and monitor the animals can expected to rise in RFID sensor market. However, the factors restricting the market growth is due to its high installation cost and maintenance cost. In addition, the wide use of RFID’s in healthcare, public transportation and various other sectors can provide potential opportunities for the RFID sensor market in coming years.
This report provides a detailed analysis of RFID sensor market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global RFID sensor market is based on product, wafer-size, frequency and application. On the basis of product the global RFID sensor market is segmented into reader, tags and software. On the basis of wafer-size the global RFID sensor market is segmented into 200mm, 300mm and others. On the basis of frequency the global RFID sensor market is segmented into low frequencies, high frequencies and ultra-high frequencies. On the basis of application the global RFID sensor market is segmented into defense, healthcare, automotive, animal tracking, aerospace, security and access control, retail, sports, transportation and others.
Based on the geographical regions covered, the global isolator market is analyzed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Furthermore, the rise in adoption of RFID sensors in various sectors in North America, thereby it is expected that there will be a rise in the global market for RFID sensors.
The key players in the RFID sensor industries are Zebra Technologies Corporation, Savi Technology, Inc., Intermec Inc., NXP Semiconductors, Checkpoint Systems Inc., Avery Dennison, Gemalto NV, Motorola and Alien Technology.
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