At 7+% CAGR, RFID Market Potentially Worth $31.42 Billion by 2023 Led by The Americas

PUNE, India, June 8, 2017 /PRNewswire-iReach/ -- The RFID tags expected to hold the largest share of the RFID market based on products during the forecast period. The acceleration in adoption of IoT has driven the use of connected devices, and the demand for wireless communications will keep driving the market for RFID tags. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the market, which in turn will lead to further innovations in the RFID systems. Complete report on "RFID Market" spread across 396 pages, profiling 26 companies and supported with 123 tables and 123 figures is now available athttp://www.rnrmarketresearch.com/rfid-market-by-product-tags-reader-and-software-wafer-size-working-passive-and-active-frequency-low-high-ultra-high-applications-form-factor-button-card-electronic-housing-implants-label-type-st-to-2023-market-report.html.

The Ultra-high frequency expected to hold the largest share of the overall RFID market in 2017. Ultra-high frequency (UHF) RFID tags enable multiple tag reading that means user can read more RFID tags in one go, which is not supported by LF and HF. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. Owing to factors such as small size, low cost and long lifetime, passive UHF RFID tags are expected to grow at a higher CAGR as compared to the active UHF tags. Demand for passive UHF RFID tags has also seen a large adoption after the evolution of RAIN RFID alliance. With members such as AIDC industry association AIM Global, Google, Impinj, Intel and SMARTRAC, the alliance has effectively worked on spreading the awareness among the end users and potential customers.

The RFID market in the Americas is expected to grow at the fastest rate between 2017 and 2023. North America is one of the key growth regions for the RFID market. The players in the Americas region are emphasizing on research and development activities, to facilitate operational efficiency through advanced technologies.

The adoption of RFID technologies and a significant number of established players in the RFID market are driving the demand for RFID tags in the Americas. Various industries such as retail, sports, logistics and supply chain, aerospace and defense, and commercial, functional in the region have significantly established their through partnerships and collaborations. This development has created a huge growth potential for the RFID market in the Americas.

This research study is obliging for following audience:

The key players operating in the RFID market are Impinj (US), NXP Semiconductors (Netherlands), Alien Technology (US), Avery Dennison (US), Smatrac (Netherlands), Invengo (Singapore), Checkpoint Systems (US), Mojix (US), GAO RFID (US), Nedap (Netherlands), Zebra Technologies (US), Globe Ranger (US), HID Global (US), Applied Wireless (US), CAEN RFID (Italy), Honeywell (US), Thing Magic (US), Identiv (US), SAG (US), Omni-ID (US), Vizinex RFID (US), Savi Technology (US), RFID Global Solution (US), Confidex (Finland), and TrackX (US).  Download PDF Brochure "RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region - Global Forecast to 2023" research report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1047246 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (22%), Tier 2 (44%) and Tier 3 (22%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-Level (33%), Director Level (11%) and others (56%) from various key organizations operating in the RFID market. The primary interviews were conducted worldwide covering regions such as The Americas (44%), EMEA (33%) and Asia-Pacific (22%).

The RFID market expected to grow at a significant rate between 2017 and 2023. The key factors driving the growth of the RFID market are the development strategies implemented by the players operating in the RFID ecosystem, such as mergers and acquisitions, partnerships, and collaborations; evolution of IoT with the increased communication and monitoring of machines; increasing demand for industrialization in emerging economies; and increasing penetration of RFID technology in various industries. However, the major restraining factors for the growth of this market are high installation costs of RFID system and device inter-operability.

On a related note, another research titled RFID and Barcode Printer Market Global Forecast to 2022says, the RFID and barcode printer market is expected to grow at a CAGR of 5.7% between 2017 and 2022 to reach $4.81 billion by 2022. Industrial printers to dominate the RFID and barcode printer market during the forecast period. Manufacturing industry holds a major share of the RFID and barcode printer market during the forecast period. APAC to be the fastest-growing market for GNSS chips during the forecast period. Companies such as Zebra Technologies Corporation (US), Honeywell International Inc. (US) , Toshiba TEC Corporation (Japan), Sato Holdings Corporation (Japan), TSC Auto ID Technology Co., Ltd. (Taiwan), Avery Dennison Corporation (US) , Wasp Barcode Technologies (US) , Postek Electronics Co., Ltd. (China), Dascom Printer (Jiangmen) Co., Ltd. (China) have been profiled in this 181 pages research report available at http://www.rnrmarketresearch.com/rfid-and-barcode-printer-market-by-type-industrial-desktop-mobile-technology-thermal-transfer-direct-thermal-inkjet-resolution-below-300-dpi-301-600-connectivity-industry-manufacturing-retail-healt-st-to-2022-market-report.html .

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