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Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2024

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Global RFID Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2024
Overview:
The global RFID market is likely to witness significant growth during the forecast period. The market is driven by the increasing government initiatives on integrating RFID technology across various applications, rising interest in value chain management, and expanding the Internet of Things (IoT) infrastructure. However, security concerns related to legitimate readers obtaining data from illegitimate tags and privacy concerns related to illegitimate readers obtaining data from legitimate tags are identified as the changes deterring the adoption of RFID solutions during the forecast period.
Radio-frequency identification (RFID) is a type of contactless automatic identification and tracking technology that utilizes radio-frequency signal to identify an object/item and obtain the relevant information automatically. RFID system comprises various components such as RFID tags, RFID reader, RFID antenna, and host computing device with appropriate application software.
Market Revenue and Segmentation Analysis:
The global RFID market is expected to reach revenue of USD XX billion by 2024, growing at a CAGR of 14.4% during the forecast period 2018-2024.
The market is segmented based on product types and applications. In terms of product types, the market is segmented into active RFID/RTLS systems, passive RFID services, networking, software, passive RFID interrogators, and passive RFID tags. The passive RFID tags were the dominant segment, which accounted for more than 35% of the market share in 2017; also, this segment is projected to remain dominant during the forecast period. By applications, the market is segmented into retail, healthcare, transportation and logistics, financial services, industrial, government, and others.
Regional Analysis:
In 2017, the Americas was the dominant region in the global RFID market followed by the Asia Pacific. Furthermore, Asia Pacific is identified as the fastest growing region in the RFID market, i.e., at a CAGR of 18.5% during the forecast period 2018-2024. This is mainly due to expanding the organized retail sector and increasing investments on asset management solutions by organizations across various industry verticals.
The report also covers the country-wise analysis of the RFID market across various regions including the Americas, Europe, Asia Pacific, and Middle East & Africa (MEA).
Benefits and Vendors
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc.
The study offers a comprehensive analysis of the global RFID market. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand revenue opportunities across different segments to take better decisions.
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Table Of Content

Scope

Table of Contents

1 Report Summary 9

1.1 Executive Summary 9

1.2 Scope of the Report 12

1.3 Industry Trends 13

1.4 PEST Analysis 13

2 Report Outline 15

2.1 Research Methodology 15

2.2 Report Assumptions 16

3 Market Snapshot 17

4 Market Outlook 18

4.1 Overview 18

4.2 Market Definition-Infoholic Research 19

4.3 Market Segmentation 19

4.4 RFID System-Overview 20

5 Market Characteristics 21

5.1 Market Trends 21

5.2 Market Dynamics 21

5.2.1 Drivers 22

5.2.1.1 Increasing government initiatives on integrating RFID technology across various applications 22

5.2.1.2 Rising interest on value chain management 23

5.2.1.3 Expanding Internet of things (IoT) infrastructure 23

5.2.2 Restraints 24

5.2.2.1 End-user concerns on implementation cost 24

5.2.2.2 Security vulnerabilities and functional challenges 24

5.2.3 Opportunities 25

5.2.3.1 Applications of RFID technology in intelligent transportation System 25

5.2.3.2 RFID model for pharmaceutical supply chain 25

5.3 DRO-Impact Analysis 25

6 Product Type: Market Size and Analysis 27

6.1 Overview 27

6.2 Active RFID/RTLS Systems 28

6.3 Passive RFID Services, Networking, and Software 30

6.4 Passive RFID Interrogators 30

6.5 Passive RFID Tags 31

7 Application: Market Size and Analysis 33

7.1 Overview 33

7.2 Retail 34

7.3 Healthcare 36

7.4 Transportation and Logistics 37

7.5 Financial Services 37

7.6 Industrial 38

7.7 Government 39

7.8 Others 40

8 Regions: Market Size and Analysis 41

8.1 Overview 41

8.2 Americas 43

8.2.1 Overview 43

8.2.2 By Country-Market Size and Analysis 45

8.2.3 By Product Type-Market Size and Analysis 46

8.2.4 By Application-Market Size and Analysis 48

8.3 Europe 49

8.3.1 Overview 49

8.3.2 By Country-Market Size and Analysis 52

8.3.3 By Product Type-Market Size and Analysis 53

8.3.4 By Applications-Market Size and Analysis 55

8.4 Asia Pacific 56

8.4.1 Overview 56

8.4.2 By Country-Market Size and Analysis 58

8.4.3 By Product Type-Market Size and Analysis 59

8.4.4 By Application-Market Size and Analysis 61

8.5 Middle East and Africa (MEA) 63

8.5.1 Overview 63

8.5.2 By Country-Market Size and Analysis 66

8.5.3 By Product Type-Market Size and Analysis 67

8.5.4 By Application-Market Size and Analysis 69

9 Vendors Profile 70

9.1 Zebra Technologies Corporation 70

9.1.1 Overview 70

9.1.2 Key Financials 72

9.1.3 Product Offerings 73

9.1.4 Business Focus 73

9.1.5 SWOT Analysis 74

9.1.6 Geographic Revenue 75

9.1.7 Business Strategy 75

9.2 ASSA ABLOY 76

9.2.1 Overview 76

9.2.2 Key Financials 78

9.2.3 Product Offerings 79

9.2.4 Business Focus 79

9.2.5 SWOT Analysis 79

9.2.6 Geographic Revenue 81

9.2.7 Business Strategy 81

9.3 AVERY DENNISON CORPORATION. 82

9.3.1 Operating Segment Revenue 84

9.3.2 Product Offerings 84

9.3.3 Business Focus 85

9.3.4 SWOT Analysis 86

9.3.5 Geographic Revenue 87

9.3.6 Business Strategies 87

9.4 Honeywell International Inc. 88

9.4.1 Overview 88

9.4.2 Key Financials 89

9.4.3 Product Offerings 90

9.4.4 Business Focus 91

9.4.5 SWOT Analysis 92

9.4.6 Geographic Revenue 92

9.4.7 Business Strategies 93

9.5 Siemens AG 93

9.5.1 Overview 93

9.5.2 Product Offerings 95

9.5.3 Key Financials 97

9.5.4 Geographic Revenue 98

9.5.5 Business Focus 98

9.5.6 SWOT Analysis 99

9.5.7 Business Strategy 100

10 Companies to Watch for 101

10.1 Impinj, Inc. 101

10.1.1 Overview 101

10.1.2 Offerings 101

10.2 Identiv, Inc. 103

10.2.1 Overview 103

10.2.2 Offerings 103

10.3 Alien Technology, LLC. 105

10.3.1 Overview 105

10.3.2 Offerings 105

10.4 Omni-ID. 106

10.4.1 Overview 106

10.4.2 Offerings 106

10.5 Mojix, Inc. 108

10.5.1 Overview 108

10.5.2 Offerings 108

Annexure 110

Abbreviations 110

 


List Of Figure

Charts

CHART 1 PEST ANALYSIS OF GLOBAL RFID MARKET 13

CHART 2 RESEARCH METHODOLOGY OF THE RFID MARKET 15

CHART 3 GLOBAL RFID MARKET REVENUE, 2018-2024 (USD BILLION) 17

CHART 4 SEGMENTATION OF GLOBAL RFID MARKET 19

CHART 5 RFID SYSTEM-OVERVIEW 20

CHART 6 MARKET DYNAMICS-DRIVERS, RESTRAINTS, AND OPPORTUNITIES 21

CHART 7 DRO-IMPACT ANALYSIS OF RFID MARKET 25

CHART 8 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 28

CHART 9 ACTIVE RFID/RTLS SYSTEMS MARKET REVENUE, 2018-2024 (USD BILLION) 29

CHART 10 PASSIVE RFID SERVICES, NETWORKING, AND SOFTWARE MARKET REVENUE, 2018-2024 (USD BILLION) 30

CHART 11 PASSIVE RFID INTERROGATORS MARKET REVENUE, 2018-2024 (USD BILLION) 30

CHART 12 PASSIVE RFID TAGS MARKET REVENUE, 2018-2024 (USD BILLION) 31

CHART 13 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024, (USD BILLION) 33

CHART 14 RETAIL MARKET REVENUE, 2018-2024 (USD BILLION) 34

CHART 15 HEALTHCARE MARKET REVENUE, 2018-2024 (USD BILLION) 36

CHART 16 TRANSPORTATION AND LOGISTICS MARKET REVENUE, 2018-2024 (USD BILLION) 37

CHART 17 FINANCIAL SERVICES MARKET REVENUE, 2018-2024 (USD BILLION) 37

CHART 18 INDUSTRIAL MARKET REVENUE, 2018-2024 (USD BILLION) 38

CHART 19 GOVERNMENT MARKET REVENUE, 2018-2024 (USD BILLION) 39

CHART 20 OTHERS MARKET REVENUE, 2018-2024 (USD BILLION) 40

CHART 21 GLOBAL RFID MARKET SHARE, BY REGION, 2018 41

CHART 22 GLOBAL RFID MARKET REVENUE, BY REGION, 2018-2024 (USD BILLION) 42

CHART 23 AMERICAS RFID MARKET SHARE, BY COUNTRY, 2018 43

CHART 24 AMERICAS RFID MARKET SHARE, BY PRODUCT TYPE, 2018 43

CHART 25 AMERICAS RFID MARKET SHARE, BY APPLICATION, 2018 44

CHART 26 AMERICAS RFID MARKET REVENUE, 2018-2024 (USD BILLION) 45

CHART 27 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 46

CHART 28 AMERICAS RFID MARKET, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 48

CHART 29 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 49

CHART 30 EUROPE RFID MARKET SHARE, BY COUNTRY, 2018 49

CHART 31 EUROPE RFID MARKET SHARE, BY PRODUCT TYPE, 2018 49

CHART 32 EUROPE RFID MARKET SHARE, BY APPLICATION, 2018 50

CHART 33 EUROPE RFID MARKET REVENUE, 2018-2024 (USD BILLION) 50

CHART 34 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 52

CHART 35 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 53

CHART 36 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 55

CHART 37 ASIA PACIFIC RFID MARKET SHARE, BY COUNTRY, 2018 56

CHART 38 ASIA PACIFIC RFID MARKET SHARE, BY PRODUCT TYPE, 2018 56

CHART 39 ASIA PACIFIC RFID MARKET SHARE, BY APPLICATION, 2018 57

CHART 40 ASIA PACIFIC RFID MARKET REVENUE, 2018-2024 (USD BILLION) 58

CHART 41 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 59

CHART 42 ASIA PACIFIC RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 61

CHART 43 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 63

CHART 44 MEA RFID MARKET SHARE, BY COUNTRY, 2018 63

CHART 45 MEA RFID MARKET SHARE, BY PRODUCT TYPE, 2018 64

CHART 46 MEA RFID MARKET SHARE, BY APPLICATION, 2018 64

CHART 47 MEA RFID MARKET REVENUE, 2018-2024 (USD BILLION) 64

CHART 48 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 67

CHART 49 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 68

CHART 50 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 69

CHART 51 ZEBRA TECHNOLOGIES CORPORATION: MARKET OUTLOOK 71

CHART 52 ZEBRA TECHNOLOGIES CORPORATION: KEY FINANCIALS 72

CHART 53 ZEBRA TECHNOLOGIES CORPORATION: SWOT ANALYSIS 74

CHART 54 ZEBRA TECHNOLOGIES CORPORATION: GEOGRAPHIC REVENUE 75

CHART 55 ASSA ABLOY: MARKET OUTLOOK 76

CHART 56 ASSA ABLOY: KEY FINANCIALS 78

CHART 57 ASSA ABLOY: SWOT ANALYSIS 79

CHART 58 ASSA ABLOY: GEOGRAPHIC REVENUE 81

CHART 59 AVERY DENNISON CORPORATION: MARKET OUTLOOK 83

CHART 60 AVERY DENNISON CORPORATION.: OPERATING SEGMENT REVENUE 84

CHART 61 AVERY DENNISON CORPORATION: PRODUCT OFFERINGS 84

CHART 62 AVERY DENNISON CORPORATION: SWOT ANALYSIS 86

CHART 63 AVERY DENNISON CORPORATION: GEOGRAPHIC REVENUE 87

CHART 64 HONEYWELL INTERNATIONAL INC.: MARKET OUTLOOK 88

CHART 65 HONEYWELL INTERNATIONAL INC.:KEY FINANCIALS 89

CHART 66 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 90

CHART 67 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 92

CHART 68 HONEYWELL INTERNATIONAL INC.: GEOGRAPHIC REVENUE 92

CHART 69 SIEMENS AG: COMPANY PROFILE 95

CHART 70 SIEMENS AG: PRODUCT OFFERINGS 95

CHART 71 SIEMENS AG: KEY FINANCIALS 97

CHART 72 SIEMENS AG: GEOGRAPHIC REVENUE 98

CHART 73 SIEMENS AG: SWOT ANALYSIS 99

 

 

 


List Of Table

Tables

TABLE 1 GLOBAL RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 27

TABLE 2 GLOBAL RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 33

TABLE 3 GLOBAL RFID MARKET REVENUE, BY REGIONS, 2018-2024 (USD BILLION) 42

TABLE 4 AMERICAS RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 45

TABLE 5 ASIA PACIFIC EV TRACTION MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 46

TABLE 6 AMERICAS RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 48

TABLE 7 EUROPE RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 52

TABLE 8 EUROPE RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 53

TABLE 9 EUROPE RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 55

TABLE 10 ASIA PACIFIC RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 58

TABLE 11 AMERICAS RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 59

TABLE 12 ASIA PACIFIC RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 61

TABLE 13 MEA RFID MARKET REVENUE, BY COUNTRY, 2018-2024 (USD BILLION) 66

TABLE 14 MEA RFID MARKET REVENUE, BY PRODUCT TYPE, 2018-2024 (USD BILLION) 67

TABLE 15 MEA RFID MARKET REVENUE, BY APPLICATION, 2018-2024 (USD BILLION) 69

 

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Products and Companies


Companies

ZIH Corp., ASSA ABLOY, AVERY DENNISON CORPORATION, Honeywell International Inc., Siemens AG, Impinj, Inc., Identiv, Inc., Alien Technology, LLC, Omni-ID, and Mojix, Inc