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According to a new market research report published by Acute Market Reports “Wide Area RFID Systems Market (By Component– Tags, Readers, Antennas and Software; By End-use Industry: Automotive, Retail, Oil and Gas, Manufacturing, Healthcare and Others) Market – Growth, Future Prospects, Competitive Analysis and Forecast 2017 – 2025”, the market for large area RFID systems is expected to see significant growth during the forecast period from 2017 to 2025.
Browse Full Report Originally Published by Acute Market Reports at https://www.acutemarketreports.com/report/wide-area-rfid-systems-market
Market Insights
One of the main factors driving demand for large-scale RFID systems is the increase in innovative applications. Over a long period of time, RFID technology has been used in various end-use industries. However, the use of this technology was limited to limited applications such as shipment tracking and inventory management. Wide area RFID systems enable the identification, location and authentication of multiple objects simultaneously across the facility. Thereby, a wide area of RFID systems offered a viable solution for retailers and fashion store operators to precisely locate different types of products and gain marketing insights through the analysis of the data collected. In addition, a wide area of RFID systems has found immense acceptance in various manufacturing, automotive, oil and gas industries. The use of large area RFID systems has enabled organizations in different manufacturing industries to track assets, verified components and other resources in real time. In addition, with lower costs for RFID tags and readers, large area RFID systems are expected to see a significant increase in acceptance in the above-mentioned end-use industries.
Competitive Insights:
The global wide area RFID systems market is fairly fragmented with a large number of passive UHF RFID products providers across the world. However, the market has experienced an increasing number of innovative solution providers in the recent years. Companies have been working towards design and development of innovative applications to address industry specific use cases. Some of the leading providers in the wide area RFID systems market include Mojix, Inc., Impinj, Inc., Guard RFID Solutions, Inc., Balluff GmbH, PervasID Ltd., Shenzhen Jietong Technology Co., Ltd., Trackware B.V., Shenzhen Marktrace Co., Ltd., Idesco Oy, Balogh Group, GAO RFID, Inc. and Pepperl+Fuchs Vertrieb Deutschland GmbH.
Key Trends:
– Decreasing costs of long rage RFID readers leading to higher affordability and adoption
– Rising adoption in the automotive and retail industries
– Research and development towards innovative applications towards event safety and security applications
Report Scope by Segments
By End Use Industry
- Automotive
- Retail
- Oil and Gas
- Manufacturing
- Healthcare
- Others (Commercial, Events, Education, etc.)
By Component
- Readers
- Antennas
- Software
By Geography Segment
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America)
