An automotive Radio Frequency Identification System (RFID), is a vehicle identifying and tracking system that consists of a small chip. Automotive RFID tags electronically store information and is attached to the vehicle. Automotive RFID system uses radio waves to read and acquire information stored in the tag. It has the ability to allow access, identify, and track the vehicle from a specific distance.

Rise in technological advancement of navigation tracking system for automotive RFID system which is common in modern cars such as BMW 7series, Mercedes Benz S-class, Audi R8, and Jaguar XJ, is expected to be a key factor driving the automotive RFID system market during the forecast period. Implementation of stringent norms on automotive industry regarding identification and tracking and concerns by global regulatory bodies are also anticipated to augment the automotive RFID system market.

Automotive RFID system in automotive vehicles enables automatic deduction of toll charges. It allows car washing and car rental agencies to retrieve information such as identification and tracking of the vehicle without comparing with other vehicles. Automotive RFID system enables vehicle identification in a parking space. It identifies and tracks the unauthorized vehicle. Automotive RFID system is operated only from a specific distance. This is anticipated to hamper the automotive radio frequency identification market.

Automotive RFID system market can be segmented based on type of RFID tags, vehicle, end-user, frequency, and region. Based on type of RFID tags, the automotive radio frequency identification market can be segmented into active RFID and passive RFID. Active RFID uses a battery to transmit signals, while passive RFID does not contain battery and uses radio waves provided by reader to transmit signals. The passive RFID segment dominates the automotive radio frequency identification market.

Based on vehicle, the automotive RFID system market can be classified into passenger vehicles and commercial vehicles. The passenger vehicles segment includes hatchback, sedans, multi-purpose vehicles, and sport utility vehicles. The commercial vehicles segment comprises lightweight commercial vehicles and heavy commercial vehicles. Based on end-user, the automotive RFID system market can be segmented into luxury car, mid-segmented car, and sports car.

Based on frequency, the automotive RFID system market can be segregated into low frequency and high frequency. The high frequency segment accounts for a prominent share of the market, as high frequency automotive RFID systems are used by most global automotive industries as compared to the low frequency systems. High frequency RFID systems covers larger area vis-à-vis to low frequency RFID.

In terms of geography, the automotive RFID system market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Rest of the World (ROW). North America accounts for a major share of the global automotive RFID system market, owing to the high adoption rate of automotive radio frequency identification and expansion of the automotive sector in the region. Germany, France, Italy, and the U.K. are leading countries in terms of adoption of automotive radio frequency identification technology in Europe. The automotive RFID system market in Asia Pacific, especially China, India, Japan, and South Korea, has been expanding owing to the rapid technological developments in the region. Latin America is also expected to witness significant expansion of the automotive RFID system market during the forecast period.

Key players operating in the global automotive RFID system market include Impinj, Inc., NXP Semiconductors, Avery Dennison Corporation, Confidex Ltd., SMARTRAC N.V, Alien Technology, LLC., Nedap N.V., and Invengo Technology Pte. Ltd.

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

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10. What will be the barrier to entry for new players in the market?

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Automotive Rfid System Market

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