Global RFID Tag Chip Market Driven by Retail and Security Applications

Published Date : Jul 10, 2017

ALBANY, New York, July 10, 2017 - has announced the availability of a fresh report in its repository, titled “2012-2022 Report on Global RFID Tag Chip Market Competition, Status and Forecast, Market Size by Players, Regions, Type, Application.” The report provides insights into the current scenario of the market for RFID tags and chips and estimates its state by the end of 2022, based on comprehensives reports of all factors on which the demand is dependent on. The report has been prepared by professional market research analysts and targets audiences such as government bodies, venture capitalists, and private equity firms, manufacturers of field devices such as controllers, sensors, relays, valves, and actuators, software designers and manufacturers, system integrators, and the vendors or various end-use industries such as retail, commercial, healthcare, and logistics and supply chain.

As per the findings of the report, the global RDIF tag chip market will gain traction from factors such as its increasing usage across security and access control applications, growing installation of RFID in manufacturing units for productivity improvement, increasing government initiatives, lows for compulsory tagging of animals, and high adoption of RFID technology in the retail industry. On the other hand, lack of awareness among the prospect consumers, high installation costs of RFID system and device interoperability is expected to obstruct the market from attain its true potential. Nevertheless, the vendors of RFID tag chip market will find new opportunities opening from the public transportation sector, RFID tag with sensor, clampdown on pharmaceutical drug counterfeiting, IoT based RFID labeling, and rain RFID.

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Based on product type, the report segments the global RFID tag chip market into high frequency (HF) RFID chip, ultra-high frequency (UHF) RFID chip, and low-frequency (LF) RFID chip. For each of these segments, the report provides production and CAGR comparison and provides individual trends and opportunities. Geographically, the report takes stock of the prospects of RFID tag chip market in the region of European Union as well as in the countries of the U.S., China, Japan, Taiwan, and South Korea. Currently, the U.S. is the most profitable country for the vendors operating in this market, although vastly populated Asia Pacific countries are expected to generate extended demand in the near future as the technology evolves and costs decrease.

Some of the leading companies in the global RFID tag chip market that are profiled in the report are NXP, Impinj, Alien (US), HUADA Semiconductor, STMicroelectronics, Shanghai Fudan Microelectronics, and Shanghai Quanray Electronics. For each of these prominent players, the report provides information on sales area and competitors, product portfolio, application segments, and specifications. The report also has dedicated chapters on RFID chip manufacturing cost reports, marketing strategies and distributor reports, and industrial chain, sourcing strategy, and downstream buyers.

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