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Radio Frequency Identification (RFID) is the technology that is used for tracking and identifying the object into which the active RFID tags are attached. Active RFID is a device that has its own power supply (battery). Manufacturers have started using active RFID technology as a successor to the barcode identification method as active RFID technologies is much more advanced when compared with the barcode identification technology. The active RFID industry provides us with live tracking of the shipment hence giving customers the information about the time the shipment is expected to reach the customer.
Active RFID tags are used extensively in the logistics industry for live tracking of its couriers and parcels, which helps the consumers in tracking their orders exactly and making themselves available at the time of delivery.
The major companies profiled in the Active RFID Market trends include Alien Technology, Confidex Ltd., HID Global Corporation, Honeywell International Inc., Omni-ID Ltd, Impinj Inc., Invengo Information Technology Co. Ltd, Smartrac N.V., RF Code Inc., GAO RFID Inc. and Core RFID Ltd. The players have adopted various strategies including new product launches, collaborations, partnerships, mergers & acquisitions, joint ventures, agreements, and others to gain a stronghold and international presence across the world.
The Active RFID Market share is segmented based on product type, wafer size, tag type, frequency, form factor, material and application. Based on product type, the market is bifurcated into tags, readers, software, and services. By wafer size, it is categorized into 8 inch and others. Based on tag type, it is classified into active tags and passive tags. Based on frequency, it is divided into low frequency, high frequency, and ultra-high frequency. By form factor, it is categorized into card, implant, key knob, label, paper ticket, band, and others. Based on material, it is divided into plastic, paper, glass, and others. Based on tag type, it is classified into agriculture, commercial, transportation, logistics, supply chain, military, aerospace, retail, healthcare, security, access control, sports, animal tracking, and ticketing. Based on region, the market is analyzed across Europe, Asia-Pacific, North America, and LAMEA.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The use of active RFID helps the management to check various parameters such as, monitoring the equipment performance, finding defects if any, and predicting periodic maintenance. All this factor is expected to provide lucrative active RFID market opportunity. Many manufactures believe that active RFID not only helps in improving the quality of work but also increases the overall efficiency of the entire system and assist the growth of active RFID market share globally.
The active RFID systems help in tracking the entire process involved in an operation and helps the management to know about the lifecycle of the operation giving them the benefit of understanding and taking vital decisions for their organization and improving their business.
The compulsory implementation of active RFID tags in the vehicles for the purpose of tolling has been mandated by the governments which have actively contributed to the active RFID market growth.
One of the major drawbacks that influence the active RFID market growth is its cost. The implementation of these active RFID systems needs skilled employees, software installation, RFID tags, IoT integrations and many other expenses which make the overall implementation of the active RFID systems costly and will impact the active RFID market analysis.
The Active RFID Market Trends
Emerging Demand in the Logistics Industry
In the logistics industry, the real-time tracking of the shipment is one of the most important parameters. Live tracking of the shipment is performed by the logistics companies, which later help them in optimizing the transit and also improve the service. All these activities are executed with the help of active RFID tags which help in live monitoring of the shipment. On the other hand, it also helps the receiver of the shipment to track and be available at the time of delivery.
Rise in Usage of Active RFID in the Automotive Industry
Recently, the governments of developing countries have made it compulsory for the use of active RFID tags on vehicles for the purpose of tolling. This initiative by the governments has given relief to the travelers to be saved from the long queues in the highways for tolling. Hence, this initiative has led to the growth in demand for the active RFID.
COVID-19 Scenario Analysis
The COVID-19 pandemic has adversely affected the active RFID industry. The supply chain got disrupted by the lockdown imposed by the governments. Further, the demand for industry grade products amid lockdown fell because of which the demand for the active RFID market share also came down.
The use of RFID tags in the automotive industry didn’t witness a drastic downfall during this COVID-19 pandemic due to authorization on movements for health emergencies, official work and other front line operations.
The e-commerce industry has seen a tremendous rise in demand for the active RFID tags during this COVID-19 pandemic as this industry was free from all the restrictions imposed by the governments. Since the consumers were not allowed for purchasing in the physical market place, due to which the demand shifted toward the e-market.
Key Benefits of the Report
Questions Answered in the Active RFID Market Research Report
Key Market Segments
Key Market Players