RFID is a technology alike to bar codes as the RFID Sensor is an automatic identification technology, which utilizes radio frequency electromagnetic fields to recognize the objects carrying tags. Whereas, the RFID tags is not demanded to be scanned directly nor does it demand line-of-sight to a reader. The RFID tags must be within the variety of an RFID reader, which choices from 3 to 300 feet, to be read. Such tags have a broad field of the application in the retail, protection authentication, transportation and aerospace.
Not only has this, such tags are utilized to store the product information electronically and also can be analyzed the object from the distance. The radio-frequency identification is the radio waves which are positively used for the reading and capturing the information that is stored on a tag attached to an object. According to the report analysis, ‘Global Radio Frequency Identification Market Size study, by Products (Tags, Readers and Software), by Tags (200mm, 300mm and Others) by Tag Type (Passive RFID and Active RFID) by Frequency (Low Frequency, High Frequency, Ultra-High Frequency and Active Ultra-High Frequency) and by Application (Agriculture, Commercial, Transportation, Healthcare, Logistic and Supply Chain, Aerospace, Defense, Retail, Security and Access Control and Sports ) By Form Factor (Button, Card, Implants, Key Fob, Label, Paper Tickets, Wristband and Others) By Material (Plastic, Paper, Metal, Glass and others) and Others and Regional Forecasts 2018-2025’ states that in the worldwide radio frequency identification market there are several companies which recently working for leading the fastest market growth and registering the great value of market share around the globe during the short span of time while increasing the applications of such, decreasing the cost, advancing the technologies of RFID and spreading the awareness related to applications of such includes Alien Technology, Applied Wireless RFID, Avery Dennison, Caen RFID, Checkpoint Systems, GAO RFID, Globeranger, Impinj, Invengo, Mojix, Motorola, Nedap, NXP Semiconductors, Smartrac Technology, Thingmagic and several others.
The effective growth in the installation of Radio frequency identification (RFID) in retail and manufacturing units for productivity and security enhancement is expected to impel the market. According to India brand equity Foundation (IBEF), India’s retail market is probable to augment by 60% and to reach 1.1 trillion USD in 2020. Additionally, According to the U.S retail industry in 2015 United States retail segment marked 50% larger share than China. The effective growth in the retail sector worldwide is predicted to propel the RFID market.
Based on the region, the market of radio frequency identification is spread around the globe which majorly involves Asia Pacific, North America, Europe, Latin America and the Rest of the World. North America is an important market region for the global Radio frequency identification market in terms of market revenue share. Aspects such as augmenting acceptance of (RFID) in the retail and healthcare sector, growth in the government initiatives and support for the implementation of radio frequency identification services are encouraging North America radio frequency identification market growth. Therefore, in the coming years, it is anticipated that the market of radio frequency identification will increase around the globe over the near future more progressively.
For more information on the research report, refer to below link:-
Ankur Gupta, Head Marketing & Communications