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Global Radio Frequency Identification Market 2016-2020

About the Radio Frequency Identification (RFID) Market

An RFID system is based on wireless technology, which utilizes radio waves for gathering data from a tag attached to an object. It is used for different purposes such as for tracking objects and automatic identification. Components of RFID systems are mentioned below:

  • Tag (used for the distinct identification of an object)
  • Antenna (used to detect the tag; generates a magnetic field)
  • Reader (used to receive tag information)
  • Communication infrastructure (allows reader/RFID to work through IT infrastructure)
  • Host
Technavio’s analysts forecast the global radio frequency identification (RFID) market to grow at a CAGR of 11% 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) market for 2016-2020. To calculate the market size, the report covers the revenue generated from end-user segments:industrial, financial services, logistics, retail, healthcare, and others (sports, airlines, consumer products, animals, and farming).

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global Radio Frequency Identification (RFID) 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
  • Datalogic
  • Honeywell International
  • Zebra Technologies
Other prominent vendors
  • Acreo Swedish ICT
  • Alien Technology
  • Avery Dennison
  • Checkpoint Systems
  • CipherLab
  • CoreRFID
  • Fieg Electronics
  • GAO RFID
  • Global Ranger
  • Impinj
  • InSync Software
  • LogiTag
  • Mobile Aspects
  • Mojix
  • Nedap
  • RFID4U
  • RF Ideas
  • SATO VICINITY
  • Skyetek
  • Skytron
  • Software AG
  • Solstice Medical
  • SMARTRAC
  • Stanley InnerSpace
  • TAGSYS RFID
  • Tellago
  • Terso Solutions
  • Thinfilm
  • ThingMagic
  • TIBCO Software
  • Tyco Retail Solutions
  • WaveMark
  • Xterprise
Market driver
  • Inventory management
  • For a full, detailed list, view our report
Market challenge
  • Need for high initial investment
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of smart factories
  • 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) Market 2016-2020

Technavio recognizes the following companies as the key players in the Global radio frequency identification (RFID) market: Datalogic, Honeywell International, and Zebra Technologies.

Other Prominent Vendors in the market are: Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, Fieg Electronics, GAO RFID, Global Ranger, Impinj, InSync Software, LogiTag, Mobile Aspects, Mojix, Nedap, RFID4U, RF Ideas, SATO VICINITY, Skyetek, Skytron, Software AG, Solstice Medical, SMARTRAC, Stanley InnerSpace, TAGSYS RFID, Tellago, Terso Solutions, Thinfilm, ThingMagic, TIBCO Software, Tyco Retail Solutions, WaveMark, and Xterprise.

Commenting on the report, an analyst from Technavio’s team said: “A key trend that will boost market growth is the growing popularity of smart factories. Smart factories help the manufacturing units in tackling complex manufacturing processes. Smart factories gather the location data with the help of RTLS, which includes tags and sensors to pinpoint an exact location and the identity of assets. This location and identity data is fed into the existing plant systems and devices and helps determine the current state of the factory. This information is delivered to the relevant people and tools to help them gain insights and strategize accordingly.”

According to the report, a key growth driver is the need for inventory management. Inventory management is the process of keeping track of products, items, or assets of a company; assessing the storage requirements of components; and overseeing the number of finished products. Inventory is an important asset for a company and represents the investment that is involved from manufacturing to the sale of the product. Mismanagement of inventory can lead to significant financial problems and result in either inventory glut or inventory shortage.

Further, the report states that one challenge that could hamper market growth is the need for high initial investment. This can make it hard for SMEs to adopt RFID technology, even though they are aware of the advantages.

Companies Mentioned

Datalogic, Honeywell International, Zebra Technologies, Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, Fieg Electronics, GAO RFID, Global Ranger, Impinj, InSync Software, LogiTag, Mobile Aspects, Mojix, Nedap, RFID4U, RF Ideas, SATO VICINITY, Skyetek, Skytron, Software AG, Solstice Medical, SMARTRAC, Stanley InnerSpace, TAGSYS RFID, Tellago, Terso Solutions, Thinfilm, ThingMagic, TIBCO Software, Tyco Retail Solutions, WaveMark, Xterprise.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Definitions
      • Table Major countries covered
    • Common currency conversion rates
      • Table Currency conversion rates
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Supply chain: RFID implementation
      • Table Standards for RFID technology implementation
      • Table Major regulatory bodies for setting RFID standards
  • Technology landscape
    • Table RFID system architecture
    • Table RFID system architecture in supply chain management
    • Table RFID middleware architecture
    • Components of RFID system
      • Table Functional classification of RFID tags
      • Table Operating frequencies of a passive RFID tag
      • Table Comparison between active and passive RFID tags
      • Table Revenue contribution by RFID products 2015
    • Differences between NFC, RFID tags, and traditional barcodes
      • Table RFID operating frequency ranges
      • Table Difference between HF RFID and NFC
      • Table Uses of NFC and RFID
      • Table Types of barcodes
      • Table Difference between HF RFID and barcode
    • RFID cost structure
      • Table Bill of materials for a simple license plate tag
      • Table Cost analysis of RFID system
  • Market landscape
    • Market overview
      • Table Global RFID market overview
    • Market size and forecast
      • Table Global RFID market 2015-2020 ($ billions)
    • Five forces model
      • Table Five forces model
  • Market segmentation by end-user
    • Table Global RFID market by end-user 2015
    • Table Global RFID market by end-user 2015-2020
    • Table Global RFID market by end-user 2015-2020 ($ billions)
    • Table Global RFID market: Industrial segment 2015-2020 ($ billions)
    • Table Global RFID market: Financial services segment 2015-2020 ($ billions)
    • Table Global RFID market: Logistics segment 2015-2020 ($ billions)
    • Table Global RFID market: Retail segment 2015-2020 ($ billions)
    • Table Global RFID market: Healthcare segment 2015-2020 ($ millions)
    • Table Global RFID market: Others segment 2015-2020 ($ billions)
    • Table CAGR comparison by end-user
  • Geographical segmentation
    • Table Geographical segmentation of RFID market 2015
    • Table Geographical segmentation of RFID market 2015-2020
    • Table Geographical segmentation of RFID market 2015-2020 ($ millions)
    • Americas
      • Table RFID market in Americas 2015-2020 ($ billions)
    • EMEA
      • Table RFID market in EMEA 2015-2020 ($ billions)
    • APAC
      • Table RFID market in APAC 2015-2020 ($ billions)
      • Table CAGR comparison by region
  • Key market drivers
    • Inventory management
    • Need for error reduction in data entry and increased need for data security
    • Emergence of omni-channel retailing
    • Supply chain inefficiencies
      • Table Traditional retail supply chain
      • Table Retail e-commerce supply chain
  • Impact of drivers
    • Table Impact of drivers
  • Key market challenges
    • Data security
    • Need for high initial investment
    • Consumer privacy
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Key market trends
    • Growing popularity of smart factories
    • Emergence of cloud-based RFID solutions
    • Rapid technological advances
    • Increased R&D spending by vendors
  • Vendor landscape
    • Competitive scenario
    • Key vendors
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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