Global RFID Market for Industrial Applications Market 2023-2027

RFID Market For Industrial Applications Market 2023-2027
The RFID market for industrial applications market is forecasted to grow by USD 2,677.78 mn during 2022-2027, accelerating at a CAGR of 10.63% during the forecast period. The report on the RFID market for industrial applications market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by evolution of Industry 4.0, increase in industrial applications of RFID, and high preference for RFID tags over barcodes.

Technavio's RFID market for industrial applications market is segmented as below:

By ProductRFID tagsMiddlewarePassive RFID systemsActive RFID systemsBy TypeHigh frequencyUltra-high frequencyLow frequencyBy Geographical LandscapeNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the deployment of rain RFID in manufacturing industries as one of the prime reasons driving the RFID market for industrial applications market growth during the next few years. Also, rapid technological advances in RFID solutions and vendors offering cloud-based RFID solutions will lead to sizable demand in the market.

The report on the RFID market for industrial applications market covers the following areas:RFID market for industrial applications market sizingRFID market for industrial applications market forecastRFID market for industrial applications market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading RFID market for industrial applications market vendors that include Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., CAEN RFID S.r.l., CCL Industries Inc., CipherLab Co. Ltd., CoreRFID Ltd., Datalogic SpA, GAO Group Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., NXP Semiconductors NV, Pepperl and Fuchs SE, RFID4U, Terso Solutions Inc., Ubisense Ltd., Unitech Computer Co. Ltd., Willion Frick and Co., and Zebra Technologies Corp. Also, the RFID market for industrial applications market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.