Global Battery Free RFID Sensor Market - Snapshot
Radio frequency identification (RFID) technology is growing at a rapid pace and is widely used in different applications worldwide. This technology offers many advantages with contactless data and automatic capture in a smart label. RFID technology saves time and significant labor cost. The combination of RFID with battery free RFID sensory based technology has extended the applications of RFID to environmental monitoring and food quality monitoring applications. Increasing demand for battery free RFID sensors in different applications across food quality monitoring, supply chain management, condition monitoring, and structural health monitoring among others has led to the adoption of battery free RFID sensors worldwide. Improvements in overall architecture of RFID technology and form factors have also benefited the RFID industry. The global battery free RFID sensor market is estimated to quickly grow to US$ 1269.2 Mn by 2026 from US$ 466.3 Mn in 2017, recording a CAGR of 12.1%.
The battery free RFID sensor market has seen demand traction due to rising demand for food monitoring as well as in logistics applications. Battery free RFID sensors offer excellent reliability because of low maintenance free solutions and application flexibility. Additionally, companies are continuously aiming on integrating these types of sensors with IoT to identify its real-time location, which is projected to bolster the battery free RFID sensor market. Consumer awareness about safety and efficiency has the potential to boost the demand for battery free RFID sensors. These factors will offer ample opportunities for the growth of the battery free RFID sensor market in the near future. Furthermore, these sensors have become one of the most important items of focus for electronics scientists and researchers. RFID solutions are increasingly being adopted by small and medium enterprises due to the growing trend of digitalization and automation. RFID based security and access control systems are the fastest and more secure as compared to other systems available in the market, which in turn is expected to drive the growth of the battery free RFID sensor market, creating better opportunity for battery free RFID sensor manufacturers in the near future. Radio Frequency Identification (RFID) technology is showing continuous growth in numerous end-use industries such as aerospace, transportation, food & beverages, and healthcare. The increasing population along with rising commercialization is driving investment in RFID systems, which is anticipated to bolster the growth of the battery free RFID sensor market in the coming years. The essential properties of battery free RFID sensors make it the most suitable choice for OEM manufacturers. Increasing application areas of various smart electronics devices is one of the major motivating factors anticipated to drive the demand for battery free RFID sensors. On the flip side, fluctuation in raw material cost and rising price based competition are the major factors expected to hinder the growth of the market during the forecast period.
The global battery free RFID sensor market is consolidated with limited number of companies operating in the global market. Leading players are currently focusing on providing technologically enhanced products to customers. Increasing demand for battery free RFID sensor applications with decreasing cost in the long run is expected to encourage investors to invest in this new technology. Maintaining quality standards is essential for battery free wireless sensor manufacturers to adhere to stringent government regulations that are set for different end-use industries in different countries across the world. Moreover, as part of this strategy, companies are engaging in various acquisitions, and focusing on expanding their business and strategic partnerships through new service additions and geographical presence.
Some of the major players operating in the global battery free RFID sensor market and profiled in the study include ON Semiconductor, Microsemi Corporation, PHASE IV Engineering, Inc., Powercast Corporation, Inductosense Ltd., Axzon, Texas Instruments Incorporated, Infineon Technologies AG, Farsens S.L, and General Electric.
Global Battery Free RFID Sensor Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the battery free RFID sensor market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report highlights all the major trends and services playing a key role in the growth of the battery free RFID sensor market during 2018- 2026. It also focuses on market drivers, restraining factors, and opportunities of the battery free RFID sensor market during the said period. The study provides a complete perspective about the battery free RFID sensor market growth throughout the research study in terms of value and volume (in US$ Mn and Units) across various geographies, including North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
The report includes a detailed value chain analysis which is focused on providing an extensive view of the global battery free RFID sensor market. Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global battery free RFID sensor market. The study incorporates a market attractiveness analysis, wherein the market segments, for instance, frequency, application, and end-use industry are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the battery free RFID sensor market, every geographic region mentioned in the report is provided with attractiveness analysis.
A market overview chapter in the report explains the market trends and dynamics which include the market drivers, restraining factors, and opportunities for the current and future battery free RFID sensor market. A market outlook analysis has been provided globally in the report. Additionally, the report also provides analysis of different business strategies being adopted by market leaders of the battery free RFID sensor market. Market introduction chapter assists in gaining an idea of different trends and services related to the battery free RFID sensor market along with their frequency, application, and end- use industry.
Global Battery Free RFID Sensor Market: Scope of the Report
The study provides a decisive view of the global battery free RFID sensor market, by segmenting the market on the basis of frequency into low frequency, high frequency and NFC, and ultra-high frequency. Based on application, the market has been bifurcated into food quality monitoring, supply chain management, condition monitoring, structural health monitoring, and others.The report provides a detailed breakdown of the battery free RFID sensor market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report highlights the competitive scenario within the battery free RFID sensor market, thus ranking all the major players according to key recent developments and their geographic presence. The insights for the battery free RFID sensor market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
Based on country, the North America market is bifurcated into the U.S., Canada, and Rest of North America. The Europe market is analyzed across France, Germany, the U.K., and Rest of Europe. The APAC battery free RFID sensor market is also segmented at country level which includes China, Japan, India, South Korea, and Rest of Asia Pacific. Middle East & Africa region covers the G.C.C. countries, South Africa, and Rest of Middle East & Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the battery free RFID sensor market along with its frequency, application, and end-use industry. The report provides insights related to the applications and different end-users according to the various geographical regions mentioned above.
Global Battery Free RFID Sensor Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the battery free RFID sensor market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Battery Free RFID Sensor Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global battery free RFID sensor market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Parameters such as battery free RFID sensorinvestment & spending, and developments by major players of the market are tracked. Some of the key players in the battery free RFID sensor market are ON Semiconductor, Microsemi Corporation, PHASE IV Engineering, Inc., Powercast Corporation, Inductosense Ltd., Axzon, Texas Instruments Incorporated, Infineon Technologies AG, Farsens S.L, and General Electric.
The global battery free RFID sensor market has been segmented as follows:
Global Battery Free RFID Sensor Market
Battery Free RFID Sensor Market, by Frequency
- Low Frequency
- High Frequency and NFC
- Ultra High Frequency
Battery Free RFID Sensor Market, by Application
- Food Quality Monitoring
- Supply chain management
- Condition monitoring
- Structural Health Monitoring
Battery Free RFID Sensor Market, by End-use Industry
- Aerospace & Defense
In addition, the report provides analysis of the battery free RFID sensor market with respect to the following geographic segments
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America