Radio Frequency Identification (RFID): World Markets to 2026 - CAGR is Projected to Grow at 9.4% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 16, 2018--The “Radio frequency identification - Global Market Outlook (2017-2026)” report has been added to ResearchAndMarkets.com’s offering.
According to the report, the Global Radio frequency identification Market accounted for $18.61 billion in 2017 and is expected to reach $41.93 billion by 2026 growing at a CAGR of 9.4% during the forecast period.
Technological advancements in the UHF technology and high adoption of RFID technology in retail industry and demand of electromagnetic fields that automatically identify and track tags attached to objects are some of the key factors fuelling the market growth. However, high installation costs of RFID system are hampering the market growth.
By frequency, the ultra-high frequency tags are estimated to have considerable growth in the market. UHF RFID is used in a wide variety of applications, ranging from retail inventory management, to pharmaceutical anti-counterfeiting, to wireless device configuration. The UHF frequency band covers the range from 300 MHz to 3 GHz. The ultra-high frequency Devices has overtaken the high frequency tags in terms of volume.
Based on Geography, Asia Pacific region is anticipated to have significant growth in the during the forecast period owing to the increasing demand from developing countries, such as China and India. The existence of various manufacturers and OEMs in this region is also favourable to the region’s growth.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Radio Frequency Identification Market, By Component
6 Global Radio Frequency Identification Market, By Product
7 Global Radio Frequency Identification Market, By Wafer Size
8 Global Radio Frequency Identification Market, By Frequency
9 Global Radio Frequency Identification Market, By End-User
10 Global Radio Frequency Identification Market, By Geography
11 Key Developments
12 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/mm5kn9/radio_frequency?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180816005256/en/
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SOURCE: Research and Markets
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PUB: 08/16/2018 06:19 AM/DISC: 08/16/2018 06:19 AM