Report Code: A09473 | Pages: NA | Mar 2023 | 2119 Views | ||
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Request Now !The global eco-friendly RFID tags market is experiencing a significant growth and is expected to grow considerably in the next few years. Eco-friendly RFID tags are a type of tracking system, which uses smart barcodes to identify objects. RFID stands for radio frequency identification, and thus, eco-friendly RFID tags utilize radio frequency technology. These radio waves transfer data from a tag to a reader, which then transfers the information to an RFID computer program. Radio frequency identification (RFID) technology has totally revolutionized the way companies do business. Radio frequency identification (RFID) has minimized pressure on several manual processes, enhanced efficiency of operations, increased asset traceability and visibility, reduced costs, improved reliability, and tags improve transparency in the supply chain of consumer goods.
The global eco-friendly RFID tags market is segmented on the basis of Type, Industry Vertical. Based on Type, the eco-friendly RFID tags market is divided into Active, Passive, and Semi-Passive, and others. On the basis of Industry Vertical, the market is categorized into Chemical & Petrochemical, Oil & Gas, Energy & Power, Automotive, Food & Beverages, Healthcare, and Others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global eco-friendly RFID tags market include AMS AG, NXP Semiconductors N.V., Alien Technology, U.S. are Invengo Information Technology Co., Ltd., RF Code, Confidex Ltd., HID USA Corporation, Impinj Inc., Atmel Corp, and Omni- ID Ltd.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
Rise in number of end-use industries with the need for access management technologies and material identification management has significantly driven adoption of eco-friendly RFID tags. Rise in adoption and use of eco-friendly radio frequency identification (RFID) systems and tags in consumer goods and manufacturing is expected to act as a driver for the market. Growth in use of security measures and package protection is also a key factor expected to drive the eco-friendly RFID tags market size
Eco-friendly RFID devices are expected to witness surge in demand as technological proliferation has led to extensive use of access control, smart cards, and other NFC applications. In addition, use of Ubiquitous Sensor Networks (USNs) and many short-range wireless communications, such as Zigbee and Wi-Fi is expected to drive the eco-friendly RFID tag market growth. Moreover, requirement of large costs for installation and integration of eco-friendly RFID systems that are used for various functionalities in eco-friendly RFID tags; this factor is expected to act as a restraint to the eco-friendly RFID tags market share
There is a growing need for eco-friendly radio frequency identification (RFID) tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, rise in focus on eco-friendly radio frequency identification technology for patient tracking, surgery asset management, parking, and medication authentication and control, and sorting of medical instruments drives demand for eco-friendly RFID tags globally. This technology holds huge potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. In addition, rise in concern about drug counterfeit and safety, increase in need for reducing operational cost in healthcare and rise in incidences of medical device theft cases boost the market for eco-friendly radio frequency identification (RFID) tags in the healthcare sector.
Key segments covered:
Segments | Subsegments |
Type |
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Industry Vertical |
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Key benefits of the report:
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Type, Industry Vertical, and Region |
Regions covered | North America (US and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia Pacific (China, Japan, India, and the Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa |
Companies covered | Major players analyzed include AMS AG, NXP Semiconductors N.V., Alien Technology, U.S. are Invengo Information Technology Co., Ltd., RF Code, Confidex Ltd., HID USA Corporation, Impinj Inc., Atmel Corp, and Omni- ID Ltd. |
Questions answered in the Eco-Friendly RFID Tags Market research report:
Eco-Friendly RFID Tags Market Report Highlights
Aspects | Details |
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By Type |
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By Industry Vertical |
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By Region |
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Key Market Players | AMS AG, NXP Semiconductors N.V., Alien Technology, Invengo Information Technology Co., Ltd., RF Code, Confidex Ltd., HID USA Corporation, Impinj Inc., Atmel Corp,, Omni- ID Ltd. |
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