Market Research Logo

Global RFID Smart Cabinet Market 2016-2020

Global RFID Smart Cabinet Market 2016-2020

About RFID

RFID technologies are gaining high attention from multiple sectors, especially healthcare, where hospitals have started adopting innovative technologies to address critical business needs. Smart cabinets based on RFID technology help reduce manual efforts to maintain, track, and manage inventory. They also help reduce loss and misplacement of supplies, minimize the risk of theft, and increase savings. Retailers, healthcare institutions, and discrete manufacturers are the prime users of RFID smart cabinets as the need for inventory management is critical to these businesses.

Technavio’s analysts forecast the global radio-frequency identification (RFID) smart cabinet market to grow at a CAGR of 14.03% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global radio-frequency identification (RFID) smart cabinet market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID smart cabinets.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Radio-Frequency Identification (RFID) Smart Cabinet Market 2016-2020, 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. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • LogiTag Systems
  • Mobile Aspects
  • TAGSYS RFID
  • Skytron
  • SkyeTek
  • SATO Vicinity
  • SATO Vicinity
  • WaveMark
Other prominent vendors
  • Solstice Medical
  • Terso Solutions
Market driver
  • Supply chain inefficiencies
  • For a full, detailed list, view our report
Market challenge
  • Low market penetration
  • For a full, detailed list, view our report
Market trend
  • Increasing government regulations and aid
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Radio-Frequency Identification (RFID) Smart Cabinet Market 2016-2020

Technavio recognizes the following companies as the key players in the global radio-frequency identification (RFID) smart cabinet market: LogiTag Systems, Mobile Aspects, TAGSYS RFID, Skytron, SkyeTek, SATO Vicinity, SATO Vicinity, and WaveMark.

Other Prominent Vendors in the market are: Solstice Medical, and Terso Solutions.

Commenting on the report, an analyst from Technavio’s team said: “Increasing awareness of RFID technology in different industries is a major trend in the market. This growing awareness can be primarily attributed to the high adoption of RFID technology worldwide. The beneficial features of RFID devices such as high efficiency and quality and low error rate drive their adoption. RFID smart cabinets are used in conjunction with advances in medical device technology for purposes such as ensuring the integrity of human tissue and medical devices. The processes such as placing an order for human tissues at a tissue bank, recording tags throughout the supply, and logging an entry when the tissues are delivered at the final location reduce the amount of human efforts required to update records manually in each department of a hospital.”

According to the report, an increase in funding from governmental agencies for hospitals across the globe is another major driver for market growth. In 2013, the Australian government spent an additional amount of $40-$45 billion in the healthcare sector, compared with the amount spent in 2003. In 2014, Welsh Government invested $430,797 in a RFID tagging system under the project named Invest-to-Save Fund.

Further, the report states that the presence of vendors in a few countries, mainly in developed countries such as the US, poses a major challenge to the market's growth. Many countries have not yet introduced RF bandwidths for use in the healthcare and public sectors. A significant number of organizations worldwide are satisfied with manual processes and are unwilling to shift to modern technologies. These factors, as well as competition from barcoding technology, have diminished the penetration of RFID smart cabinets globally.



Companies Mentioned

LogiTag Systems, Mobile Aspects, TAGSYS RFID, Skytron, SkyeTek, SATO Vicinity, SATO Vicinity, WaveMark, Solstice Medical, Terso Solutions.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key regions
      • Table Global RFID smart cabinet market 2016
    • Vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • RFID technology overview
    • Components of RFID system
      • Table Functional classification of RFID tags
      • Table Operating frequencies of passive RFID tag
      • Table Comparison between active and passive RFID tags
      • Table Revenue contribution by RFID products 2015
      • Table Factors considered for selecting passive RFID tag
      • Table Ranges of RFID operating frequency
      • Table RFID system supply chain
      • Table RFID system value chain
      • Table Standards for RFID implementation
      • Table Major regulatory bodies for setting RFID standards
    • RFID cost structure
      • Table Bill of materials for simple license plate tag
      • Table Cost analysis of RFID system
  • RFID market overview
  • RFID smart cabinet market landscape
    • Market overview
      • Table Benefit of using RFID systems
    • Market size and forecast
      • Table Global RFID smart cabinet market by revenue 2015-2020 ($ millions)
      • Table Global RFID smart cabinet market by shipment 2015-2020 (units)
      • Table ASPs of RFID smart cabinets 2015-2020 ($)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Table Global RFID smart cabinet market by application 2015
  • Geographical segmentation
    • Table Global RFID smart cabinet market by geography 2015
    • Table Global RFID smart cabinet market by geography 2020
    • Table Global RFID smart cabinet market by geography 2015-2020 (%)
    • Table Global RFID smart cabinet market by geography 2015-2020 ($ millions)
    • Americas
      • Table RFID Smart Cabinet market forecast in Americas 2015-2020 ($ millions)
    • EMEA
      • Table RFID smart cabinet market in Americas 2015-2020 ($ millions)
    • APAC
      • Table RFID smart cabinet market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Growing need for inventory management in hospitals
    • Rising government funding for hospitals
    • Increasing healthcare spending
      • Table Trend of global healthcare spending 2013-2017 (%)
      • Table Healthcare spending in different geographies (% of GDP)
    • Supply chain inefficiencies
      • Table Traditional retail supply chain
      • Table Retail e-commerce supply chain
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Intense competition
    • Low market penetration
    • High cost of operation
    • Decline in customer base
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing awareness of RFID technology
    • Rapid technological advances in RFID
    • Increasing government regulations and aid
    • High R&D spending by vendors
    • Increase in number of diagnostic centers and state-of-the-art hospitals
  • Vendor landscape
    • Competitive scenario
    • Vendors
    • Other prominent vendors
      • Table Other prominent vendors in global RFID smart cabinet market
  • Market summary
    • Table Market snapshot of global smart cabinet market 2015-2020
    • Table CAGR Comparison - Geographical segments
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report