RFID (radio frequency identification) tags are a sort of tracking system that uses smart barcodes so as to identify various items. It may also be recognized as RFID chip. RFID tags use generally radio frequency technology. These radio waves transmit the data from tag to reader and transmit them to the RFID computer program. RFID tags are normally used for merchandise and also used to track the pets, vehicles, and even patients with Alzheimer’s disease.
Referring to the study, North America RFID Tags Market 2020-2026 by Product Type, Frequency Band, Wafer Size, Material, Form Factor, Industry Vertical, and Country Trend Forecast and Growth Opportunity the key companies operating in the North-America RFID tags market include Confidex Ltd, GAO RFID, Inc., Omni-Id, Inc., Alien Technology Corporation, Invengo Technology Pte. Ltd., CipherLab Co., Ltd., RF Code, Impinj, Inc., SMARTRAC N.V., Honeywell International, Datalogic S.p.A., Atmel Corp, NXP Semiconductors, Technology Solutions UK Ltd. (TSL), Xerox Corporation, SMARTRAC N.V., ThinkMagic (Trimble), Zebra Technologies Corporation and among others.
On the basis of product type, North-America RFID tags market can be categorized as active & passive RFID and other RFID types. An active tag has an on-board battery and transmits its identification signal periodically. Batteries make the size, cost and lifespan of active tags un-workable for retail trade. These tags are utilized to track containers, pallets, as well as large military assets. Additionally, passive tags are used to perform various tasks, such as inventory management, access control, supply chain management, and tool monitoring. On the basis of frequency size, market can be categorized as low frequency, high frequency and ultra-high frequency. On the basis of wafer size, market can be categorized as 200mm, 300mm, 450mm and other wafer sizes. Additionally, on the basis of industry vertical, market can be categorized as automotive & manufacturing, agriculture-farming & livestock, healthcare & medical, consumer goods, logistics & transportation, financial services and others. Healthcare & medical segment is likely to witness higher growth rate due to growth in concerns regarding counterfeit drugs & safety, increase in the incidence of cases of theft of medical devices and rise in need to minimize the operating costs in healthcare during the forecast period.
Rise in Stealing & Counterfeit Related Issues, followed by increase in number of supply chain & retail companies, rise in demand for RFID tags in the aerospace sector, increase in applications of RFID tags within retail sales and rise in number of end-use industries with the need for access management technologies & material identification management are some major factors, which are responsible for growth of the North-America RFID tags market. However, security, privacy and ethics problems with RFID may impact the market. Moreover, rise in shift from handheld readers to fixed readers is a major trend for market.
It is predicted that future of the North-America RFID tags market will be bright as a result of high growth in retail sector coupled with growth in government initiatives to adopt RFID tags during the forecast period.
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North America RFID Tags Market Research Report
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