Global UHF RFID Inlays Market: Introduction
The ultra-high frequency (UHF) band ranges from 300 MHz to 1 GHz. Radio frequency identification (RFID) systems that operate in this frequency band is known as UHF RFID system. RFID technology is used to provide information about an object or a person. UHD RFID inlays are small in size which consist of RFID microchip to store and process information and an antenna for transmitting and receiving the signal which is attached to a substrate or material. UHF RFID inlays and tags have capability to read distance up to 50 feet, owing to this they are ideal for multiple tracking applications. For instance, they are used for electronic toll collection and parking access control application as they are capable to trace and read the object at far distance. UHF RFID inlays plays vital role in supply chain to track and identify products efficiently and accurately which helps companies to reduce operation cost and increase efficiency in supply chain. UHF RFID inlays are of two types namely RFID dry inlays and RFID wet inlays. UHF RFID inlays are used by various end-user such as supply chain and asset management, retailers, logistics, and industrial.
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Global UHF RFID Inlays Market: Competition Landscape
Founded in 2000, SMARTRAC N.V. is headquartered in Amsterdam, Netherlands. The company is a global provider of scalable solutions that enables companies to its digitized products and connect them to internet of things. In April 2019, the company showcased its latest RFID products and solutions which includes the Eagle and Wings inlays and tags at RFID Journal Live trade show in Phoenix, Arizona, United States. Eagle is a new UHF RFID product whose far distance read range make it a superior choice for global retail applications.
Invengo Technology Pte. Ltd.
Founded in 1993, Invengo Technology Pte. Ltd. is headquartered in Aperia, Singapore. The company is a developer and manufacturer of UHF RFID, HF and NFC inlays, connectivity, and tags solutions used in internet of things. In February 2017, the company announced the aunch of new generation linen tag, the LinTRAK-Slim, the slimmest UHF RFID tag for textiles and laundry services industry. The company manufactured this UHF RFID tag based on the latest chip available in the market.
Some of the key players operating in the global UHF RFID inlays market are SMARTRAC N.V., Invengo Technology Pte. Ltd., XINDECO IOT, Avery Dennison Inc., Shang Yang RFID Technology, INLAYLINK, Alien Technology, D and H SMARTID, Junmp Technology, Identiv, Sense Technology, and NETHOM.
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Global UHF RFID Inlays Market: Dynamics
Increasing Use of UHF RFID Inlays for Inventory Management
UHF RFID inlays and tags are used in retail applications owing to its small size, accuracy, and ability to track an object from long distance. The use of UHF RFID inlays helps retailers to track and identify various types of products easily, accurately, and in minimum time. These advantages offered by UHF RFID inlays helps retailers to improve efficiency in supply chain operation.
Moreover, the use of UHF RFID inlays beneficial to improve customer service, inventory accuracy, and decrease in product losses, owing to this UHF RFID inlays are increasingly used for inventory management. As a result of these factors, UHF RFID inlays market is anticipated to show the prominent growth during forecast period. However, UHF RFID inlays do have few drawbacks such as when theses inlays are attached to animal tissues and object containing water, these inlays are difficult to read as water absorbs UHF waves. Additionally, UHF RFID inlays do not work properly with metals, as they get detuned when attached to a metal body which is expected to hinder the growth of the market.
Global UHF RFID Inlays Market: Segmentation
The global UHF RFID inlays market can be segmented based on:
- End-Use Industry
Global Flyback Transformer Market, by Type
Based on type, the global UHF RFID inlays market can be segmented into:
- UHF Dry Inlays
- UHF Wet Inlays
Global UHF RFID Inlays Market, by End-Use Industry
Based on end-use industry, the global UHF RFID inlays market can be categorized into:
- Consumer Goods
- Food & Beverage
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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?
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