RFID Sensor Market Report has newly added to its massive repository. Different industry-specific methods have been used for analyzing the market carefully. The informative data has been inspected through primary and secondary research techniques. The global RFID Sensor market has been analyzed by focusing on different verticals of the businesses such as market trends, regional outlook, competitive landscape, key players, business approaches, technologies, and standard operating procedures.
The global RFID sensors market was valued at $11.93 billion in 2018, and is projected to reach $27.35 billion by 2025, registering a CAGR of 12.6% from 2019 to 2025.
The major key players covered in this report: Murata, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff, American Barcode and RFID, VisuaScan, Imprint Enterprises, Coridian Technologies, AbeTech, Invengo Technology.
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At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.
The help in the supply chain management system by tracking & monitoring their inventories and providing robust security drives the market growth. Moreover, long distance tag readability fuel the growth of the global RFID sensors market. Integrated circuits in RFID assembly contain a tiny antenna for transferring information, which further contribute towards the market growth. However, high RFID cost and inability to read signals from multiple outputs hamper the market growth.
Over the past decade, the retail industry is going through a phase of digital disruption. The emergence of the e-commerce industry along with the globalization across the retail industry, the need to manage the supply chain and reduce the inefficiencies is encouraging the adoption of the RFID sensors.
North America is leading the RFID sensors market with over 35% share in the revenue in 2018. The market is driven by the rapidly growing e-commerce industry in the region. The retail e-commerce sales in the US is estimated to account for more than USD 500 bn across all product categories in 2018, the number is further estimated to cross USD 700 bn by 2023. This indicates the huge potential of the e-commerce industry in the region.
The RFID Sensor market can be divided based on product types and It’s sub-type, major applications and Third Party usage area, and important regions.
This report segments the global RFID Sensor Market on the basis of Types are:
By Frequency Band
On The basis Of Application, the Global RFID Sensor Market is Segmented into:
Transportation & Logistics
Food & Beverages
The applications covered in this study include access control, livestock tracking, ticketing, cashless payment, and inventory management .The industry verticals segment is divided into transportation & logistics, healthcare, hospitality, food & beverages, retail, manufacturing, government. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Regions covered By RFID Sensor Market Report 2019 to 2025.
North America (United States, Canada)
South America (Brazil, Argentina, Rest of South America)
Asia (China, Japan, India, Korea, RoA)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, Rest of Europe)
Others (Middle East, Africa)
The report has 150 tables and figures browse the report description and TOC:
At last, the report gives the inside and out examination of the Growing Medium Market took after by the above components, which are useful for organizations or individuals for the development of their present business or the individuals who are hoping to enter in Growing Medium industry.
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