The report covers forecast and analysis for the RFID market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2015 to 2020 based on (USD Million). The study includes drivers and restraints for the RFID market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the RFID market on a global level.
According to the report, global RFID market was valued at around USD 9.50 billion in 2014 and is expected to reach USD 22.0 billion in 2020, growing at a CAGR of around 15% between 2015 and 2020. Zion Market Research has published a new report titled “Radiofrequency Identification (RFID) (Tags, Reader, Middleware) Market for Retail, Supply Chain, Aviation, Healthcare, Smart cards, Public Transit and Other applications – Global Industry Perspective, Comprehensive Analysis, and Forecast, 2014 – 2020”.
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In order to give the users of this report a comprehensive view on the RFID market, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the RFID market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the RFID market by segmenting the market based on product types and applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2014 to 2020. Key application markets covered under this study includes the use of this RFID in retail, supply chain, aviation, healthcare, smart cards, public transit and other applications.
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The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa with its further bifurcation into major countries including U.S. Germany, France, UK, China, Japan, India, and Brazil.
RFID market was dominated by North America with around 44% shares of the total market in 2014. Strong demand for RFID in North America is mainly stemmed from U.S. North America is followed by Asia Pacific and Europe. However, Asia Pacific is expected to be one of the most lucrative regional markets in the coming years. Furthermore, raising awareness about patient safety and tracking of expensive medical devices, are among the key factors contributing to the market growth in all the regions.
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Global RFID market is highly competitive, with the presence of well-established global market participants. Alien Technology Corporation, Applied Wireless Identifications Group, Inc., CAEN RFID S.r.l., GAO RFID Inc., Impinj, Inc., Intermec, Inc., Invengo Information Technology Ltd. Co., Motorola Solutions, Inc., Sato Holdings Corporation, STiD are some of the key vendors in the market.