Wednesday, September 28, 2022

Email id:, Contact Us : +91-9015378249

Home Technology and Telecom Rise in Usage in Security & Access Control Application Expected to Drive...

Rise in Usage in Security & Access Control Application Expected to Drive Global Asia-pacific RFID Market: Ken Research

RFID or Radio Frequency Identification is a type of wireless communication that uses the radio waves in order for capturing or read data which is stored on the tag of any person, object and animal. This device is a substitute of barcodes that provides a distinctive identification for the object to which it is attached. Key components of RFID system are readers, tags and software tools. RFID is accepted in extensive range of applications that includes consumer products, tracking livestock, vehicles and airline passengers among others. Rising demand for tracking, locating, and monitoring objects and beings for safety, security, and resource optimization are the key factors that are driving the market growth.

As per study, “Asia Pacific Radio Frequency Identification (RFID) Market 2020-2026 by Component, Product Type, Frequency Band, Wafer Size, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the Asia-Pacific RFID market include Copper spiral RFID Technologies Pvt., Ltd., Shanghai Super Electronic Technology Co., Ltd., AMS AG, BISA Technologies (Hong Kong) Limited, Alien Technology Corporation, Atmel Corp, Honeywell International, Free Alliance Sdn Bhd, Invengo Technology Pte. Ltd., GAO RFID, Inc., Datalogic S.p.A., Invengo Technology Pte Ltd., Protrac iD Pty. Ltd., Impinj Inc., Omni-Id, Inc., NXP Semiconductors, Shenzhen DDCT Technology Co., Ltd., Zebra Technologies Corporation, ThinkMagic (Trimble), Xerox Corporation.

By component, Asia-pacific RFID market is segmented as RFID readers, RFID, tags, software, middleware and services. By product type, market is segmented as active RFID, passive RFID and other RFID types. By frequency band, market is categorized as low frequency, high frequency and ultra-high frequency. By application, market is segmented as materials handling & logistics, military & aerospace, e-payments, asset tracking, identification & security, and other applications. In addition, by industrial vertical, market is bifurcated as automotive & manufacturing, financial services, logistics & transportation, healthcare & medical, consumer goods, retail & ecommerce, agriculture-farming & livestock and other industrial verticals.

The Asia-pacific RFID market is driven by rise in the usage of RFID in security & access control application, followed by favorable laws for labeling livestock, rise in demand of RFID technology in retail industry and growth in the number of installation of RFID in manufacturing units. However, high cost of RFID and device interoperability may impact the market. Moreover, IoT based RFID labeling and RFID tags with sensors are key opportunities for market. Furthermore, lack of adoption of RFID technology in emerging countries is a major challenge for market.

Based on country-wise analysis, the Asia Pacific RFID market is categorized into India, China, Japan, South Korea, Australia, Indonesia, New Zealand, and others. Among these countries, China country dominates the Asia Pacific RFID market and is estimated to maintain the dominance owing to increase in reliance on RFID in manufacturing facilities for applications like process automation, material flow management, and others during the forecast period. It is predicted that future of the Asia-pacific RFID market will be bright as a result of increase in size of high data generation coupled with growth in demand for the technology from the fast-developing countries such as India and China during the forecast period.

For More Information, click on the link below:-

Asia Pacific Radio Frequency Identification Market Research Report

Related Report:-

Global Radio Frequency Identification Reader Market Analysis 2016-2020 and Forecast 2021-2026

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications



Global Direct Marketing Industry Future Growth: Ken Research

Buy Now The Global Direct Marketing Industry has reached significant growth in the past few years. The report emphasizes the latest market shares, revenues, and...

Global VPN Tools Market, Issues, Challenges, and Companies Revenue: Ken Research

VPN Tools Market has grown at a bit rate within the past few decades. The report insights into the market shares, revenues, and trends....

Expansion of the Digital Scent Technology Market Outlook: Ken Research

Buy Now Digital scent technology also known as olfactory technology is a section of engineering that aims to represent different scents in digital format, thus...

Most Popular

Global Canned Cheese Sauce Market Analysis, Industry Growth and Competition: Ken Research

Buy Now The Canned Cheese Sauce has grown significantly in the past few years as there is a huge demand over supply activities. This report...

Analysis And Forecast of Scramjet Market Outlook: Ken Research

Buy Now A scramjet is referred as supersonic combustion ramjet. It is a variant of a ramjet airbreathing jet engines in which combustion takes place in supersonic airflow. A scramjet depends...

Malaysia Automotive Aftermarket Service Market Size, Share & Trends Analysis Report By Application, By Region And Segment Forecast Till- 2025: Ken Research

Buy Now Malaysia Multi Brand Aftermarket Industry Overview: Malaysia's automotive aftermarket service sector sales were USD xx Bn in 2020, with a CAGR of 2.9% from 2015...

Insights into the Solar PV Testing Equipment Industry Outlook: Ken Research

Buy Now The solar PV testing Equipment are the various kinds of tools used for ensuring the safety and security of PV installations on solar...