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2021
India Rfid Market

India RFID Market by Product Type (Tags, Readers, and Software & Services), Frequency (Low Frequency, High Frequency, and Ultra-High Frequency), and Application (Commercial, Animal Tracking, Transportation, Agriculture, Security & Access Control, Healthcare, Retail, Logistics & Supply Chain, and Others): India Opportunity Analysis and Industry Forecast, 2021–2030

A13696
Pages: 148
Sep 2021 | 99 Views
   
Author(s) : N N Kundan, Asavari Patil , Vineet Kumar
Tables: 52
Charts: 57
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COVID-19

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India RFID Market Outlook-2030

The India RFID market size was valued at $523.7 million in 2020, and is projected to reach $1,864.5 million by 2030, registering a CAGR of 14.1% from 2021 to 2030.

The retail segment has been negatively impacted by the emergence of COVID-19 pandemic.

Radio Frequency Identification (RFID) denotes to a technology in which the information contained in RFID tags is captured by the RFID reader through radio waves. It uses electromagnetic field to automatically track & identify tags attached to items. The RFID system consists of radio receiver, radio transponder, and transmitter. When the RFID tag is triggered by an electromagnetic pulse from RFID reader device, the tag transmits information, typically a recognizing inventory number, back to the reader device. This number can be utilized to track inventory items.

India-RFID-Market-2021-2030

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RFID is an evolving wireless technology for automatic identifications, access controls, security & surveillance, database management, tracking, logistics, and inventory control. RFID tags can be either active or passive. An active tag has an integrated battery and frequently transmits its ID signal. However, a passive tag is smaller & cheaper since it has no battery and instead the tag utilizes the radio energy diffused by the reader. In addition, a battery-assisted passive tag has an integrated small battery, which works only in the presence of an RFID reader. RFID systems are of three types, low frequency, high frequency, and ultra-high frequency. These frequencies vary greatly by region and country.

The growth of the India RFID market size is anticipated to be driven by factors such as availability of cost-effective RFID solutions and high return on investment. In addition, increasing installation of RFID systems in manufacturing units to improve productivity boosts the overall market growth. However, high purchase cost acts as a major restraint of the India RFID industry. On the contrary, high demand for contact-tracing solutions is expected to create lucrative opportunities for the India RFID industry.

The India RFID market share is segmented into product type, frequency, and application. By product type, the market is classified into tags, readers, and software & services. Depending on frequency, it is categorized into low frequency, high frequency, and ultra-high frequency. On the basis of application, the market is fragmented into commercial, animal tracking, transportation, agriculture, security & access control, healthcare, retail, logistics & supply chain, and others.

India RFID Market
By Product Type

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High Frequency segment is projected as one of the most lucrative segments.

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Leading RFID market manufacturers, such as Honeywell International Inc., NXP Semiconductors, and Zebra Technologies Corp., are focusing on their investment on technologically advanced, cost-effective, and more secure products & solutions for various applications.     

India RFID Market
By Tag Type

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Passive RFID Tags segment is expected to secure leading position during forecast period.

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Top Impacting Factors

The prominent factors that impact the India RFID market growth are increased efficiency offered by RFID tags and rise in demand for RFID in banking and healthcare sectors. In addition, growing shift of retailers toward RFID products drives the India RFID market growth. However, tag collision concerns restrict the market growth. On the contrary, innovation of cloud-based systems is expected to create lucrative opportunities for the market.  

Competition Analysis

Competitive analysis and profiles of the major India RFID market players, such as Alien Technology, LLC, Avery Dennison Corporation, Bar Code India Limited (BCI), Bartech Data Systems Pvt. Ltd, Bartronics India Limited, Honeywell International Inc., Identiv, Inc., Infotek Software & Systems Ltd. (i-TEK), NXP Semiconductors N.V., and Zebra Technologies Corporation, have been covered in the report.

Covid-19 Impact Analysis

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain close in 2021. Furthermore, partial or complete lockdown has disrupted Indian supply chains, posing challenges for manufacturers to reach customers.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increasing panic among the customer segments.

Asian countries under lockdowns have suffered major loss of business and revenue due to shutdown of manufacturing units. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted the growth of the India RFID market.

In addition, the COVID-19 pandemic has impacted the electronics sector, as production facilities have stalled, which, in turn, boosted the demand for electronics and semiconductor products in industries. Its major impact includes large manufacturing interruption across India and interruption in Chinese parts exports, which may hinder the India RFID market.

Key Benefits For Stakeholders

  • This study comprises analytical depiction of the India RFID market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall India RFID market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current India RFID market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and the India RFID market share of key vendors.
  • The report includes the India RFID market trends and the market share of key vendors.

Key Market Segments

By Product Type

  • Tags
    • Active Tags
    • Passive Tags
  • Readers
  • Software & Services

By Frequency

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

By Application

  • Commercial
  • Animal Tracking
  • Transportation
  • Agriculture
  • Security & Access Control
  • Healthcare
  • Retail
  • Logistics & Supply Chain
  • Others

Key Players

  • Alien Technology, LLC
  • Avery Dennison Corporation
  • Bar Code India Limited (BCI)
  • Bartech Data Systems Pvt. Ltd
  • Bartronics India Limited
  • Honeywell International Inc.
  • Identiv, Inc.
  • Infotek Software & Systems Ltd. (i-TEK)
  • NXP Semiconductors N.V.
  • Zebra Technologies Corporation
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.3.Patent analysis

3.3.1.India RFID patent analysis, by applicant (2012-2021)

3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Increased efficiency offered by RFID tags
3.4.1.2.Rise in demand for RFID in the banking and healthcare sector
3.4.1.3.Growing shift of retailers toward RFID products

3.4.2.Restraint

3.4.2.1.Tag collision

3.4.3.Opportunity

3.4.3.1.Innovation of cloud-based system

3.5.COVID-19 impact analysis

3.5.1.COVID-19 outbreak
3.5.2.Impact on market size
3.5.3.Parent industry impact
3.5.4.Key player strategies to tackle negative impact

3.5.4.1.Limiting cuts to R&D expense
3.5.4.2.Focusing on next-generation products
3.5.4.3.Shifting toward agile supply chain model

3.5.5.Opportunity window

3.6.Pricing analysis
3.7.Value chain analysis

3.7.1.Hardware

3.7.1.1.Tag manufacturer
3.7.1.2.Reader manufacturers

3.7.2.Software

3.7.3.System integrator
3.7.4.Sales & distribution

3.7.5.End users

CHAPTER 4:INDIA RFID MARKET, BY PRODUCT TYPE

4.1.Overview
4.2.Tags

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast
4.2.3.Market size and forecast, by tags

4.2.3.1.Active tags
4.2.3.2.Passive tags

4.3.Readers

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast

4.4.Software & services

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast

CHAPTER 5:INDIA RFID MARKET, BY FREQUENCY

5.1.Overview
5.2.Low frequency

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast

5.3.High frequency

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast

5.4.Ultra-high frequency

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast

CHAPTER 6:INDIA RFID MARKET, BY APPLICATION

6.1.Overview
6.2.Commercial

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast

6.3.Animal tracking

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast

6.4.Transportation

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast

6.5.Agriculture

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast

6.6.Security & access control

6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast

6.7.Healthcare

6.7.1.Key market trends, growth factors, and opportunities
6.7.2.Market size and forecast

6.8.Retail

6.8.1.Key market trends, growth factors, and opportunities
6.8.2.Market size and forecast

6.9.Logistics & supply chain

6.9.1.Key market trends, growth factors, and opportunities
6.9.2.Market size and forecast

6.10.Others

6.10.1.Key market trends, growth factors, and opportunities
6.10.2.Market size and forecast

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market player positioning, 2021
7.1.2.Market share analysis, 2020

7.2.Product mapping of top 10 players
7.3.Competitive dashboard
7.4.Competitive heatmap
7.5.Key developments

7.5.1.Product launches
7.5.2.Partnership
7.5.3.Expansion
7.5.4.Collaboration
7.5.5.Agreement

CHAPTER 8:COMPANY PROFILES

8.1.ALIEN TECHNOLOGY, LLC

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Product portfolio
8.1.5.Key strategic moves and developments

8.2.AVERY DENNISON CORPORATION

8.2.1.Company overview
8.2.2.Key executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D expenditure
8.2.7.Business performance
8.2.8.Key strategic moves and developments

8.3.BAR CODE INDIA LIMITED (BCI)

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Product portfolio
8.3.5.Key strategic moves and developments

8.4.BARTECH DATA SYSTEMS PVT. LTD.

8.4.1.Company overview
8.4.2.Key executives
8.4.3.Company snapshot
8.4.4.Product portfolio

8.5.BARTRONICS INDIA LIMITED

8.5.1.Company overview
8.5.2.Key executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.Business performance

8.6.HONEYWELL INTERNATIONAL INC.

8.6.1.Company overview
8.6.2.Key executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.R&D expenditure
8.6.7.Business performance

8.7.IDENTIV, INC.

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.R&D expenditure
8.7.7.Business performance
8.7.8.Key strategic moves and developments

8.8.INFOTEK SOFTWARE & SYSTEMS LTD. (I-TEK)

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Product portfolio

8.9.NXP SEMICONDUCTORS N.V.

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.R&D expenditure
8.9.7.Business performance
8.9.8.Key strategic moves and developments

8.10.ZEBRA TECHNOLOGIES CORPORATION

8.10.1.Company overview
8.10.2.Key executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.R&D expenditure
8.10.7.Business performance
8.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.INDIA RFID MARKET, PRICING ANALYSIS, 2020
TABLE 02.INDIA RFID MARKET, BY PRODUCT TYPE, 2020-2030 ($MILLION)
TABLE 03.INDIA RFID MARKET, BY TAGS, 2020-2030 ($MILLION)
TABLE 04.INDIA RFID MARKET REVENUE, BY FREQUENCY, 2020-2030 ($MILLION)
TABLE 05.INDIA RFID MARKET, BY APPLICATION, 2020-2030 ($MILLION)
TABLE 06.KEY PRODUCT LAUNCHES (2018-2021)
TABLE 07.KEY PARTNERSHIP (2018-2021)
TABLE 08.KEY EXPANSION (2018-2021)
TABLE 09.KEY COLLABORATION (2018-2021)
TABLE 10.KEY AGREEMENT (2018-2021)
TABLE 11.ALIEN TECHNOLOGY, LLC: KEY EXECUTIVES
TABLE 12.ALIEN TECHNOLOGY, LLC: COMPANY SNAPSHOT
TABLE 13.ALIEN TECHNOLOGY, LLC: PRODUCT PORTFOLIO
TABLE 14.ALIEN TECHNOLOGY, LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 15.AVERY DENNISON: KEY EXECUTIVES
TABLE 16.AVERY DENNISON: COMPANY SNAPSHOT
TABLE 17.AVERY DENNISON: OPERATING SEGMENTS
TABLE 18.AVERY DENNISON: PRODUCT PORTFOLIO
TABLE 19.AVERY DENNISON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 20.BCI: KEY EXECUTIVES
TABLE 21.BCI: COMPANY SNAPSHOT
TABLE 22.BCI: PRODUCT PORTFOLIO
TABLE 23.BCI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 24.BARTECH DATA SYSTEMS PVT. LTD.: KEY EXECUTIVES
TABLE 25.BARTECH DATA SYSTEMS PVT. LTD.: COMPANY SNAPSHOT
TABLE 26.BARTECH DATA SYSTEMS PVT. LTD.: PRODUCT PORTFOLIO
TABLE 27.BARTRONICS INDIA LIMITED: KEY EXECUTIVES
TABLE 28.BARTRONICS INDIA LIMITED: COMPANY SNAPSHOT
TABLE 29.BARTRONICS INDIA LIMITED: OPERATING SEGMENTS
TABLE 30.BARTRONICS INDIA LIMITED: PRODUCT PORTFOLIO
TABLE 31.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 32.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 33.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 34.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 35.IDENTIV, INC.: KEY EXECUTIVES
TABLE 36.IDENTIV, INC.: COMPANY SNAPSHOT
TABLE 37.IDENTIV, INC.: OPERATING SEGMENTS
TABLE 38.IDENTIV, INC.: PRODUCT PORTFOLIO
TABLE 39.IDENTIV, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 40.I-TEK: KEY EXECUTIVES
TABLE 41.I-TEK: COMPANY SNAPSHOT
TABLE 42.I-TEK: PRODUCT PORTFOLIO
TABLE 43.NXP SEMICONDUCTORS N.V.: KEY EXECUTIVES
TABLE 44.NXP SEMICONDUCTORS N.V.: COMPANY SNAPSHOT
TABLE 45.NXP SEMICONDUCTORS N.V.: OPERATING SEGMENTS
TABLE 46.NXP SEMICONDUCTORS N.V.: PRODUCT PORTFOLIO
TABLE 47.NXP SEMICONDUCTORS N.V.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 48.ZEBRA TECHNOLOGIES CORPORATION: KEY EXECUTIVES
TABLE 49.ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 50.ZEBRA TECHNOLOGIES CORPORATION: OPERATING SEGMENTS
TABLE 51.ZEBRA TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 52.ZEBRA TECHNOLOGIES CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE TO HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.HIGH BARGAINING POWER OF BUYERS
FIGURE 11.PATENT ANALYSIS, BY APPLICANT
FIGURE 12.VALUE CHAIN ANALYSIS
FIGURE 13.INDIA RFID MARKET, BY PRODUCT TYPE, 2020-2030
FIGURE 14.INDIA RFID MARKET FOR TAGS, 2020–2030 ($MILLION)
FIGURE 15.INDIA RFID MARKET FOR READERS, 2020–2030 ($MILLION)
FIGURE 16.INDIA RFID MARKET FOR SOFTWARE & SERVICES, 2020–2030 ($MILLION)
FIGURE 17.INDIA RFID MARKET, BY FREQUENCY, 2020-2030
FIGURE 18.INDIA RFID MARKET FOR LOW FREQUENCY, 2020–2030 ($MILLION)
FIGURE 19.INDIA RFID MARKET FOR HIGH FREQUENCY, 2020–2030 ($MILLION)
FIGURE 20.INDIA RFID MARKET FOR ULTRA-HIGH FREQUENCY, 2020–2030 ($MILLION)
FIGURE 21.INDIA RFID MARKET, BY APPLICATION, 2020-2030
FIGURE 22.INDIA RFID MARKET FOR COMMERCIAL, 2020–2030 ($MILLION)
FIGURE 23.INDIA RFID MARKET FOR ANIMAL TRACKING, 2020–2030 ($MILLION)
FIGURE 24.INDIA RFID MARKET FOR TRANSPORTATION, 2020–2030 ($MILLION)
FIGURE 25.INDIA RFID MARKET FOR AGRICULTURE, 2020–2030 ($MILLION)
FIGURE 26.INDIA RFID MARKET FOR SECURITY & ACCESS CONTROL, 2020–2030 ($MILLION)
FIGURE 27.INDIA RFID MARKET FOR HEALTHCARE, 2020–2030 ($MILLION)
FIGURE 28.INDIA RFID MARKET FOR RETAIL, 2020–2030 ($MILLION)
FIGURE 29.INDIA RFID MARKET FOR LOGISTICS & SUPPLY CHAIN, 2020–2030 ($MILLION)
FIGURE 30.INDIA RFID MARKET FOR OTHERS, 2020–2030 ($MILLION)
FIGURE 31.MARKET PLAYER POSITIONING, 2021
FIGURE 32.MARKET SHARE ANALYSIS, 2020
FIGURE 33.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 34.COMPETITIVE DASHBOARD
FIGURE 35.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 36.AVERY DENNISON: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 37.AVERY DENNISON: REVENUE, 2018–2020 ($MILLION)
FIGURE 38.AVERY DENNISON: REVENUE SHARE, BY END PRODUCT, 2020 (%)
FIGURE 39.AVERY DENNISON: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 40.BARTRONICS INDIA LIMITED: REVENUE, 2018–2020 ($MILLION)
FIGURE 41.BARTRONICS INDIA LIMITED: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 42.HONEYWELL INTERNATIONAL INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 43.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 44.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 45.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 46.IDENTIV, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 47.IDENTIV, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 48.IDENTIV, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 49.IDENTIV, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 50.NXP SEMICONDUCTORS N.V.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 51.NXP SEMICONDUCTORS N.V.: REVENUE, 2018–2020 ($MILLION)
FIGURE 52.NXP SEMICONDUCTORS N.V.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 53.NXP SEMICONDUCTORS N.V.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 54.ZEBRA TECHNOLOGIES CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55.ZEBRA TECHNOLOGIES CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 56.ZEBRA TECHNOLOGIES CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 57.ZEBRA TECHNOLOGIES CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)

 
 

The India RFID market is flourishing at a rapid pace. However, high initial investment is still a concern for new entrants. Market players are generously investing in R&D activities to develop improved components to reduce overall costs of RFID products. According to industry experts, it is essential to optimize affordable prices for India RFID products for long-term growth.  

The growth of the India RFID market is anticipated to be driven by factors such availability of cost-effective RFID solutions and high returns on investment. In addition, increasing installation of RFID systems in manufacturing units to improve productivity boosts the overall market growth. However, high purchase costs act as a major restraint of the India RFID industry. On the contrary, high demand for contact-tracing solutions is expected to create lucrative opportunities for the India RFID industry.

The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch and partnership are expected to be the prominent strategies adopted by the market players. The tags segment accounted for a major share of the market in 2020, owing to high demand from the healthcare sector. Also, the tags segment is expected to grow at the highest CAGR, owing to rise in adoption of RFID in a variety of fields.  

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