Global RFID Tags Market for Agricultural Application 2017-2021
About RFID Tags for Agricultural Application
RFID technology uses the electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information, which is mostly one way. RFID tags are electronic tags that function on the principle of radio waves. They use electromagnetic fields to automatically identify and track tags that are attached to objects. They are primarily used for monitoring and tracking objects through RFID readers. The information recorded by RFID tags can be later read through scanning devices using RFID technology.
Technavio’s analysts forecast the global RFID tags market for agricultural application to grow at a CAGR of 11.35% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global RFID tags market for agricultural application for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global RFID Tags Market for Agricultural Application 2017-2021
Technavio recognizes the following companies as the key players in the global RFID tags market for agricultural application: Alien Technology, Honeywell International, and Zebra Technologies.
Other Prominent Vendors in the market are: Avery Dennison, Confidex, CoreRFID, GAO RFID, HID Global, Impinj, Invengo Technology, JADAK, Mojix, Nedap, Omni-ID, ORBCOMM, RISE Acreo, SMARTRAC, Tageos, Tellago, and Tag Factory.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of advanced technology in agricultural applications. Since the early agrarian past, farmers have been witnessing transformation in the use of several innovative tools and technologies to improve their agricultural practices and produce. From hand tools to computer science, updated innovations have come a long way in saving time and labor, cutting costs, and improving yields.”
According to the report, one driver in the market is greater level of benefits associated with RFID tags. Farming professionals that are involved in agricultural practices, especially in the farming of fruits, vegetables, and grains, are specialized in producing a wide range of different food products to be sold worldwide. Each stage of the farming process is extremely important to achieve the best possible yield from planted crops. Farmers face a lot of challenges while doing farming like being contend with long hot days in the sun, oversee a large landmass, and constantly changing weather conditions. RFID solutions, including tags, for agricultural practices help farmers to overcome the common challenges that they face on a day-to-day basis.
Further, the report states that one challenge in the market is security concerns associated with the use of RFID tags for agricultural applications. The process of encryption of data stored in RFID systems adds up to the cost. Also, this cost associated with RFID tags is higher when compared with other alternatives. RFID tags have the information stored in them, with no risk of misuse of any data unless kept in a storage database. However, RFID tags communicate using a specific frequency that is open to any RFID reader configured with that frequency. In agricultural applications, RFID tags are often integrated permanently.
Alien Technology, Honeywell International, Zebra Technologies, Avery Dennison, Confidex, CoreRFID, GAO RFID, HID Global, Impinj, Invengo Technology, JADAK, Mojix, Nedap, Omni-ID, ORBCOMM, RISE Acreo, SMARTRAC, Tageos, Tellago, and Tag Factory.
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