This BCC Research report addresses the need for an objective, quantitative analysis covering emerging RFID (radio frequency identification) technologies in the context of the overall RFID market. Market projections for each market segment are provided for 2016 to 2021.
Use this report to: - Analyze the importance of the new technologies to the RFID industry as a whole. - Evaluate the economic, business, regulatory, environmental, health and other macro issues raised by projected trends in the size and structure of the RFID market. - Forecast future (2016 to 2021) sales of each technology, including new products and/or applications. - Identify principal new RFID technologies and applications including those expected to be commercialized from 2016 to 2021.
Highlights - The global market for RFID technologies should reach $38.0 billion by 2021 from $16.2 billion in 2016 at a compound annual growth rate (CAGR) of 18.6%, from 2016 to 2021. - The tags, readers, and other hardware market should reach $27.5 billion by 2021 from $12.1 billion in 2016 at a CAGR of 17.9%, from 2016 to 2021. - The software and integration services market should reach $10.5 billion by 2021 from $4.1 billion in 2016 at a CAGR of 20.6%, from 2016 to 2021.
INTRODUCTION BACKGROUND This report is an update of a BCC Research report that was published in 2014.
STUDY GOALS AND OBJECTIVES This report addresses the need for an objective, quantitative analysis covering emerging RFID (radio frequency identification) technologies in the context of the overall RFID market. More specific objectives aim to: - Identify principal new RFID technologies and applications including those expected to be commercialized within the 2016 to 2021timeframe. - Quantify and analyze 2015 revenues for each new technology. - Identify and evaluate the impact of economic, business, demographic, technological, legal/regulatory and other factors that will drive the future market for each of these new technologies. - Forecast future (2016 to 2021) sales of each technology, including new products and/or applications. - Analyze the importance of the new technologies to the RFID industry as a whole. - Analyze the economic, business, regulatory, environmental, health and other macro issues raised by projected trends in the size and structure of the RFID market.
INTENDED AUDIENCE The report has been written for the entire RFID interest community, including: - Manufacturers, distributors and vendors of RFID equipment. - RFID-oriented consultants and systems integrators. - Regulatory, health, environmental and other government agencies concerned with RFID. - Researchers. - The financial and analyst community.
SCOPE OF REPORT This report is an analytical business tool whose primary purpose is to describe and analyze the size and dynamics of the global market for RFID products and applications. Major sections of the report cover the following topics: - Summary of findings and conclusions. - Overview of the RFID industry. - RFID technologies, applications and end users. - Market size and segmentation in 2015. - Market drivers and constraints. - Detailed market projections by market segment, 2016 to 2021. - Regulatory, environmental, and health issues - Intellectual property (patent analysis)
INFORMATION SOURCES AND METHODOLOGY The findings and conclusions of this report are based on information gathered from all types of participants in the RFID market, including manufacturers, distributors, end-users, consultants, and integrators. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature, and online databases to produce the baseline market estimates contained in this report. With 2015 as a baseline, market projections for each market segment were developed for 2016 to 2021. The projections are based on a combination of a consensus among the primary contacts combined with BCC Research’s understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail, to enable the reader to evaluate their validity and substitute other assumptions and values, if desired.
All dollar projections presented in this report are in 2015 constant dollars.
ANALYST’S CREDENTIALS Andrew McWilliams, the author of this report, is a partner at Boston-based international technology and marketing consulting firm 43rd Parallel LLC. He is also the author of numerous other BCC Research studies, including several that analyze various RFID products and applications, such SAS011C Global Markets for Mobile Positioning Technology: Commercial, Military, Homeland Defense; IFT057B Rapidly Growing Radio Frequency (RF) Technologies; IFT066A Printed Electronics: The Global Market; IAS024C The Global Market for Advanced Airport Technologies; and HLC066C Medical Automation Technologies, Products and Markets.
Our reports have been used by over 10K customers, including:
115 pages •
By Infiniti Research Limited
• Jun 2018
About RFID Market for Industrial Applications Radio frequency identification (RFID) is an automatic wireless data capture technology. It uses radio waves to gather information from tags that are attached to objects for various purposes, such as tracking and automatic identification. Technavio’s analysts forecast...
249 pages •
By Persistence Market Research
• Mar 2018
A new report on RFID tags delivers in-depth understanding on the consecutive growth path of the market along with the future scenarios and present situation of the market. The report offers an exclusive analysis of the global market and also presents insights on regional and other important segments. RFID Tags Market: Overview The...
The Global smart label market was valued at USD 5.68 billion in 2017, and is expected to reach a value of USD 11.34 billion by 2023 at a CAGR of 11.80%, during the forecast period (2018-2023).The scope of the market covers Electronic Article Surveillance (EAS), RFID, NFC, and Electronic shelf labels (ESL). The emergence of Internet...
242 pages •
By Global Industry Analysts
• Mar 2018
This report analyzes the worldwide markets for RFID in Healthcare in US$ Thousand. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic...
This study covers the world outlook for printed and chipless radio frequency identification (RFID) across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region,...
This study covers the world outlook for healthcare radio-frequency identification (RFID) across more than 190 countries. For each year reported, estimates are given for the latent demand, or potential industry earnings (P.I.E.), for the country in question (in millions of U.S. dollars), the percent share the country is of the region, and of...