RFID Market Research Report covers the present scenario and the growth prospects of the RFID Industry for 2017-2021. RFID Market, has been prepared based on an in-depth market analysis with inputs from industry experts.
The report covers the market landscape and its growth prospects over the coming years and discussion of the key vendors effective in this market. To calculate the market size, the report considers the revenue generated from the sales of RFID globally.
The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry.
Following Companies Are Key Players of the RFID Market:
- Honeywell International
- Zebra Technologies
Other Prominent Vendors of RFID Market Are:
- Acreo Swedish ICT
- Alien Technology
- Avery Dennison
- Checkpoint Systems
- FEIG ELECTRONIC
One trend in market is rise of omni-channel retailing. Retailers sell their products and goods through multiple mediums such as brick-and-mortar stores, e-commerce, and m-commerce. This is called omni-channel retailing. With the growing penetration of the Internet and improving network infrastructure, retailers have started increasing their reach and have revolutionized customers shopping experiences with the help of e-commerce and m-commerce. This has helped retailers and wholesalers save costs on brick-and-mortar store rent, maintenance, and staff. Inventory visibility is the key to the success of online retailing/wholesaling and is important for vendors to create middleware solutions for specific end-user segments, such as retailers and wholesalers. To make omni-channel retailing successful, retailers need real-time information about the products inbound to the customer without any inconsistencies. This helps in providing a better shopping experience to customers. Retailers also need accurate inventory-tracking information to make better decisions and avoid out-of-stock situations by improving the distribution process.
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According to the report, one driver in market is increasing number of software solution vendors entering the RFID market. The emergence of cloud-based supply chain management systems has provided a huge opportunity for various software solution companies to offer services that include tracking, data management/analytics, and inventory management. Microsoft partnered with Mojix to develop a solution by integrating ethereum blockchain and Mojix’s IoT platform. This helps end-users to know when a shipped product goes missing. It also helps in strengthening the supply chain by eliminating the future loss of finished or semi-finished goods. Such market behavior is highly favorable for the RFID market as mid-sized retailers can make use of such solutions. In addition, the cost of initial procurement and annual subscription are significantly lower. Therefore, the cost relating to maintenance, update, or modification of the software is transferred to the solution provider.
Report also presents Geographical Segmentation analysis of RFID Market of Americas, APAC, EMEA region.
Further, the report states that one challenge in market is availability of low-cost identification methods. Though RFID provides many advantages over other identification methods, it is expensive. Small and medium-sized enterprises that do not have extensive disposable capital use barcodes because they are low-cost alternatives. The cost of implementing RFID is one of the major challenges in the global RFID market. It requires high initial investments for the deployment and integration of management solutions (middleware) with RFID. Most UHF readers cost around $450-$2,000, excluding the antenna charges. HF and LF RFID readers can cost around $100-$750. However, the ASP of RFID devices is expected to decline during the forecast period, thus making RFID devices more affordable for end-users.
Key questions answered in RFID market report:
- What will the RFID market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving RFID market?
- What are the challenges to RFID market growth?
- Who are the key vendors in RFID market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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