RFID Tags Market To Perceive Huge Accretions By 2022; Asserts MRFR

Global RFID Tags Market Information by Types (Passive, Active and Semi-passive), by End-User (Manufacturing Sector, Pharmaceutical, Healthcare, Retail, and Others) and by Region - Forecast to 2022

Market Scenario

Radio-frequency identification (RFID) uses electromagnetic field to identify & track tags attached to objects. The tags contain electronically stored information. This tag can be attached to or implanted in products, animals or even human beings. The major driving factors for the growth of RFID tags market are the increasing concerns for efficient tracking of enterprise assets and the need for efficient management of logistics & supply chain. Additionally, the increasing adoption of RFID tags in healthcare sector is also contributing to the growth of the market. However, high cost of manufacturing & implementation of RFID system may hamper the growth of this market. RFID tags market is expected to grow at a CAGR of approximately 7% by 2022.

Regional Analysis of Global RFID Tags Market

North America dominates the RFID tags market. The key factors such as advancement in technologies and government supported initiatives for the adoption of RFID tags are driving the growth of this market in North America. Asia Pacific is the fastest growing region for RFID tags market due to rising awareness among the consumers about drug counterfeit & safety, the rapid growth in industrialization as well as the retail industry are the factors driving this market in the APAC region. This region is expected to grow at the fastest pace during the forecast period.

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Key Players

The key players of Global RFID tags Market report include Alien Technology (U.S.), Confidex Ltd (Finland), HID Global Corporation (U.S.), Honeywell international Inc. (U.S.), Omni-ID Ltd (U.S.), Impinj, Inc. (U.S.), Invengo Information Technology Co. Ltd (China), Smartrac N.V. (Netherlands), The Tag Factory (India), and Tageos (France).

The report for Global RFID Tags Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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