According to a new market report by Lucintel, the future of the global RFID sensor market looks promising with opportunities in the transportation & logistics, healthcare, hospitality, food & beverage, retail, manufacturing, and government end use industries. The global RFID sensor market is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth drivers for this market are rise in need for tracking inventory & equipment in businesses; robust security in wide applications such as in inventory management, tracking the production process, and others; and long distance object reading feature of RFID tags.
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In this market, tags, reader, and software are the product types.
Within the RFID sensor market, transportation & logistics, healthcare, hospitality, food & beverages, retail, manufacturing, and governments are the major end use industries.
Asia Pacific is expected to witness the highest growth over the forecast period, supported by growth of the logistic and manufacturing industries.
Murata, Ltd., Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff Inc., AB&R, VisuaScan Inc., Imprint Enterprises, Coridian Technologies, Inc., AbeTech Corporate, and Invengo Technology are among the major manufacturers of the RFID sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global RFID sensor market by component, frequency band, application, product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global RFID Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global RFID sensor market by component, frequency band, application, product type, end use industry, and region as follows:
By Component [$M shipment analysis for 2014 – 2025]:
By Frequency Band [$M shipment analysis for 2014 – 2025]:
Low Frequency
High Frequency
Ultra-High Frequency
By Application [$M shipment analysis for 2014 – 2025]
Access Controls
Livestock Tracking
Ticketing
Cashless Payment
Inventory Management
By Product Type [$M shipment analysis for 2014 – 2025]:
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Transportation and Logistics
Healthcare
Hospitality
Food and Beverages
Retail
Manufacturing
Governments
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.