RFID Sensor Market Size

RFID Sensor Market: By Company Analysis, SWOT, Market Strategy and Global Forecast 2021-2027

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New York – Nova one advisor recently added a research report, RFID Sensor market – global industry size, share analysis, market dynamics, market risk factors, market opportunities and challenges. segment forecast and the geographical distribution of the global market, profitability graph and the regional outlook of this business vertical.

The global RFID Sensor market gathered revenue around USD 18.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.9% during the prediction period 2021 to 2027. The global RFID sensor market is broadly affected by several factors, including usage of RFID sensor in logistics, supply chain, and increasing applications in the healthcare and retail sectors. Thus, expanding applications of RFID sensors in different sectors is propelling the global market.

RFID sensor is an automatic identification technology, which uses radio frequency electromagnetic field to identify the objects carrying tags. At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.

Helping the supply chain management system by tracking & monitoring their inventories and providing robust security drive the market growth. Moreover, long distance tag readability fuel the growth of the global RFID sensors market. Integrated circuits in RFID assembly contain a tiny antenna for transferring information, which further contribute towards the market growth. However, high RFID cost and inability to read signals from multiple outputs hamper the market growth.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

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Report Coverage

Report Scope Details
Market Size USD 18.0 Billion by 2027
Growth Rate CAGR of 7.9% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Type, Frequency Range, Application, End-use Industry, Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Alien Technology, Applied Wireless Inc., Avery Dennison Corporation, CAEN RFID S.R.L., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc., Invengo Information Technology Co. Ltd, Motorola Solutions, Inc., NXP Semiconductors., and Savi Technology.

The report provides rational insights along with historical and forecast data to aid in better understanding of the Global RFID Sensor Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the RFID Sensor market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The report includes thorough compilation of the quantitative analysis of the industry for the period of 7 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. This study includes a widespread analysis of the key segments of the industry. This analysis sheds light in the current trends and opportunities in the global RFID Sensor market.

RFID Sensor Market: Dynamics

The RFID technology consists of scanners that uses radio waves to communicate with RFID tags and provides real-time data. The sensor in the RFID technology is utilized in a wide range of applications such as warehouse and retail. It helps improve the operations in warehouse and retail sectors by automating the inventory processes. Additionally, it makes the operations faster and simpler. Furthermore, the increasing trend of contactless communications is further boosting the demand for RFID sensors. The RFID technology also enables communication between the powered reader and unpowered tag. These factors are propelling the RFID sensor market.

The increasing adoption of RFID sensors for long-range scanning is further propelling the market. RFID sensors are available in the range of up to 100 cm in order to read long distance tags. In these types of applications, battery-assisted RFID tags are used. These types of sensors are popularly deployed in environments that require the tracking of high value assets in large areas and spaces. Moreover, increasing research and development to manufacture the innovative products among key players is also fueling the market

Highlights of the Report:

In-depth analysis of various insights, namely, RFID Sensor Market trends, growth drivers, opportunities, and other related challenges.

Comprehensive details of key market players, their core competencies, and RFID Sensor Market share.

The potency of suppliers and buyers to make better business decisions.

Lists out the market size in terms of volume.

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Competitive Analysis

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global RFID Sensor market are included as given below:

Some of the prominent players in the RFID Sensor Market include:  Alien Technology, Applied Wireless Inc., Avery Dennison Corporation, CAEN RFID S.R.L., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc., Invengo Information Technology Co. Ltd, Motorola Solutions, Inc., NXP Semiconductors., and Savi Technology.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global RFID Sensor Market: Segmentation

RFID Sensor Market, by Type

  • Active
  • Passive

RFID Sensor Market, by Frequency Range

  • Low Frequency
  • High Frequency
  • Ultra high Frequency

RFID Sensor Market, by Application

  • Access Control
  • Livestock Tracking
  • Ticketing
  • Cashless Payment
  • Inventory Management
  • Others

RFID Sensor Market, by End-use Industry

  • Transportation
  • Logistic & Supply Chain
  • Manufacturing
  • Retail
  • Healthcare
  • Aerospace & Defense
  • Agriculture
  • Others (Sports, Advertisement, etc.)

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

COVID-19 Impact on RFID Sensor Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the RFID Sensor market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the RFID Sensor market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Emerging Nations to Continue Attracting Investments :

The expansion of various industries across India, China, Brazil, and other emerging countries will help the RFID Sensor market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.

Expansion initiatives undertaken by various countries will aid the growth of the RFID Sensor market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the RFID Sensor market.

Key Points of the Global RFID Sensor Market Report:

The report provides a basic overview of the RFID Sensor industry including its definition, applications, and manufacturing technology.

The report also explores the major international players in detail. In this part, the report presents the company profile, product specifications, capacity, and production value up to 2027 year along with the market shares for each company.

Through the statistical analysis, the study depicts the global market for RFID Sensor including capacity, production, production value, cost/profit, and supply/demand from an international perspective.

Considering segmentation, the market is divided in terms of product, end-use, company, region, and other important aspects. Each of these categories forms an important base point for the competitive landscape analysis.

The report then estimates the market development and trends of the RFID Sensor industry up to 2027.

The report hints at crucial information associated with new market developments being undertaken in the RFID Sensor industry before evaluating its feasibility.

Reasons to Purchase this Report:

  • Estimates RFID Sensor development trends with SWOT analysis
  • Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players
  • Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market’s expansion
  • Market dynamics scenario, along with growth opportunities for players in the years to come
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects

Final Report will add the analysis of the impact of COVID-19 on this industry.

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