Growing Demand of RFID Impacting Technology Positively Market Outlook: Ken Research

Posted June 25, 2021 by Anita1111

Europe RFID tags market reached USD 1,771.2 million in 2019 and will grow by 9.1% over 2020-2026 owing to the rising need for RFID technology in the region.
RFID majorly refers to the method of collecting data which largely involves the automatically identifying objects through the low-power radio waves. Similarly, then data is sent and received with a system which is consisted of RFID tags, an antenna, an RFID reader, and a transceiver. It is more or less similar to barcode technology; RFID Scanner recognizes locations and identification of the tagged items. However, instead of evaluating laser light reflections from printed barcode labels, it leverages low-power radio frequencies to collect and store data.
This particular technology is being largely used in warehouse or distribution centre, the technology is used to automate data collection. The transceiver reads radio frequencies and transmits them to an RFID tags. The identified information is later transmitted from a tiny computer chip embedded in the tag and broadcasted to the RFID reader.
As per the report Analysis, ‘Europe RFID Tags Market 2020-2026 by Product Type, Frequency Band, Wafer Size, Material, Form Factor, Industry Vertical, and Country: Trend Forecast and Growth Opportunity’ states that Alien Technology Corporation, AMS AG, Atmel Corp, CipherLab Co., Ltd., Confidex Ltd, Datalogic S.p.A., GAO RFID, Inc., Honeywell International, Impinj, Inc., Invengo Technology Pte. Ltd., NXP Semiconductors, Omni-Id, Inc., RF Code, SMARTRAC N.V., Technology Solutions UK Ltd. (TSL), ThinkMagic (Trimble), Xerox Corporation, Zebra Technologies Corporation and many more are the major players which are currently prevailing in the market and dominated the market with their existence and revenue share in the market. The report covers a comprehensive study on the major players operating in the market as per the various key parameters which includes Overview of the Vendors, New Product Launches, Partnerships, Investment, Mergers and Acquisitions and various others.
The detailed study of the report covers analysis of the market at the various segments such as overview of the market, value and supply chain, key trends prevailing in the market, issues and challenges of the market, major growth drivers, porter’s five forces analysis along with the segmentation of the market by Product Type (Active RFID, Passive RFID, and Other RFID Types), By Frequency Band (Low Frequency, High Frequency, and Ultra-high Frequency), By Wafer Size (200mm, 300mm, 450mm, and Other Wafer Sizes), By material (Glass, Metal, Paper, Plastic, and Other Materials), By form factor (Paper Tickets, Label, Key Fob, Implants, Card, Button, Wristband, and Other Form Factors), By industrial vertical (Financial Services, Healthcare & Medical, Logistics & Transportation, Agriculture, Farming & Livestock, Automotive & Manufacturing, Retail & E-commerce, Consumer Goods, and Other Verticals).
Moreover, the report also gives a deep analysis on the various geographies such as Germany, UK, France, Spain, Italy, Russia and the Rest of Europe (Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania).
In the near future, it has been anticipated that the Europe RFID Market will grow at a single digit compound annual growth rate (CAGR), largely due to the rising demand of RFID technology in the region.

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Issued By Ken Research
Country India
Categories Technology , Telecom
Tags europe rfid tags market , europe rfid tags market forecast , europe rfid tags market revenue
Last Updated June 25, 2021