Global RFID Tags and Labels Market: Overview
The global radio-frequency identification (RFID) tags and labels market is marked to be responsible for bringing a revolutionary change in the retail sector. The integration of advanced technology such as RFID tagging into retail operation could invite a massive demand in the market. However, there are other sales channels for manufacturers of RFID tags and labels to cash in on, viz. business to business (B2B) and institutional. RFID tags and labels are increasingly used in government-owned inventories and the aerospace and defense sectors for the purpose of using a significant mechanism to track and identify objects.
As per the researchers authoring the report, the global RFID tags and labels market could be divided according to sales channel, application, and type of product, which is expected to see a further classification into RFID tags and RFID labels. Amongst these, RFID labels could secure a higher market attractiveness in the foreseeable future.
The report offers a brilliant evaluation of the global RFID tags and labels market while taking into account its growth factors, market deterrents, segmentation, and vendor landscape. Each of these aspects of the market are broadly shed light upon in the report.
Global RFID Tags and Labels Market: Trends and Opportunities
The world RFID tags and labels market is foretold to be influenced by constant innovation and product development aimed to enhance the effectiveness and functionality of various products. RFID labels manufactured out of 100.0% recycled paper could support sustainability objectives of the business and empower manufacturers with cost savings. RFID labels could be modified on the basis of material composition and inherent design for the purpose of decreasing the cost of products. This is expected to be practiced by new entrants as well as established players during their product development activities.
Honeywell introduced passive RFID tags in November 2017 that could cater to the automotive industry. The tags are expected to battle issues related to the exposure, spoofing, or counterfeiting of customer data and find applications in vehicle payment and access, electronic vehicle registration, and highway tolling.
Global RFID Tags and Labels Market: Regional Outlook
The international RFID tags and labels market is prognosticated to name North America as a leading region due to the tremendous growth in the U.S. RFID tags and labels are significantly used in a number of end-use industries in the country, including IT, livestock, wildlife, and sports, surveillance and security, logistics and transportation, automotive, retail, and healthcare. During the course of the forecast tenure, commercial tags could embrace a strong demand in the country because of the rising need for efficient inventory management. Nonetheless, healthcare tags are anticipated to draw demand on the back of the requirement of tracking medical staff management, patient management, and medical stocks.
Apart from North America, the international RFID tags and labels market could find opportunities in other regions such as Japan, Asia Pacific Excluding Japan (APEJ), the Middle East and Africa (MEA), Western Europe, Eastern Europe, and Latin America.
Global RFID Tags and Labels Market: Companies Mentioned
The worldwide RFID tags and labels market could witness the presence of top companies including Tag Factory, Omnia Technologies, Tageos SAS, Vizinex RFID, and Syndicate RFID. The report provides a detailed analysis of the vendor landscape to help gain a sound understanding of current and future competitive trends.
Global RFID Tags and Labels Market: Product
- RFID Tags
- RFID Labels
- RFID Paper Labels
- RFID Plastic Labels
- RFID Hybrid Labels
Global RFID Tags and Labels Market: Application
- Defense and Aerospace
- Consumer Electronics
- Personal Care
- Food and Beverages
- Books, Music, and Video
- Office Equipment and Hardware
Global RFID Tags and Labels Market: Sales Channel
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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