Global RFID Tag Market Outlook 2017-2022

Global RFID tag market is estimated to grow at a substantial CAGR of 22.1% by 2022 as the scope, product types, and its applications are increasing across the globe. RFID tags are identification systems that are attached to animals for breeding management, disease control, stock management, and others.

The factors that propel the growth of the RFID tag market include rising demand for tracking, locating, and monitoring objects and beings for safety, security, and resource optimization, and rising concerns related to animal health. On the other hand, there are factors that may hamper the growth of the market including threat of interruption in RFID frequencies.  

RFID tag market could be explored by product type, application, and geography. RFID tag market could be explored by product type as UHF RFID Chip, HF RFID Chip, and LF RFID Chip. RFID tag market could be explored based on application as Manufacturing, Financial, Transportation, Retail, Military, Archiving, and Drug. The “Retail” segment led the RFID (Radio Frequency Identification) Technology Market in 2016 and is anticipated to maintain its dominance by 2022 owing to presence of major adopter of RFID tags. Retail segment is followed by the “Industrial” sector in the forecast period. 

RFID tag market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America accounted for the major share of the RFID tag market in 2016 and will continue to lead in the forecast period. The key factors that may attributed to the growth of market include large-scale use of RF tags in the retail and healthcare sectors and surge in the high-volume deliveries in the recent years particularly in U.S. 

In addition, Asia-Pacific is anticipated to raise higher among all lucrative regional markets in the forecast period. The key players contributing to the robust growth of the RFID tag market comprise Tageos, Zebra, 3M, STMicroelectronics, Alien, Honeywell, Smartrac, Omni-ID, he Tag Factory, Avery Dennison, Metalcraft, SML RFID, CAEN RFID, Invengo Technology, Chafon Group, HID Global Corporation, Tag Master, Nanjing Sample Technology, and others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for RFID tag will grow at a CAGR of 22.1% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (financial, transportation, retail, manufacturing, military, drug, archiving, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the RFID tag market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the RFID tag market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the RFID tag market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global RFID tag market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the financial, transportation, retail, manufacturing, military, drug, archiving, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global RFID tag market.

Key Applications
- Financial
- Transportation
- Retail
- Manufacturing
- Military
- Drug
- Archiving

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Alien
- Arizon
- Avery
- SAG
- SMARTRAC
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global RFID tag market?
- What are the challenges to market growth?
- Who are the key players in the RFID tag market?
- What are the market opportunities and threats faced by the key players?