Global RFID Tags Market: Size, Share, Opportunities, Industry Outloo RFID Tags Market Global Industry Opportunities, Si | Page 2
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According to a new market research report published by Credence Research “Radio Frequency
Identification (RFID) Tags Market (Product Type – Active RFID Tags, Passive RFID Tags and
Semi-passive RFID Tags; Frequency – Low Frequency (125 kHz – 134 kHz), High Frequency
(13.56 MHz) and Ultra-high Frequency (860 MHz to 960 MHz); Industry Verticals – Apparel &
Retail, Pharmaceuticals & Healthcare, Transportation & Logistics, Industrial Manufacturing,
Automotive, Agriculture & Livestock and Others (Oil & Gas, Government etc.)) – Growth,
Future Prospects and Competitive Analysis, 2018 - 2026”, the global RFID tags market was
valued at US$ 4,955.8 Mn in 2017 and is set to demonstrate robust growth during the forecast
period from 2018 to 2026.
Browse the full report at https://bit.ly/2ROC0Tk
Market Insights
RFID tags are among the most important components of the overall RFID tracking systems. The
market is highly driven by the consistently growing retail sector worldwide. India and China are
the most lucrative markets for RFID tags due rapidly growing retail and transportation &
logistics industry here. Another major factor supporting the market growth is the consistent
decline in RFID tags prices. RFID tags are now available at prices as low as US$ 0.10, making
them affordable for large number of applications. In addition, superior advantages of RFID
systems over other conventional tracking systems would ensure robust demand for RFUD tags
over the following years.
RFID tags market is segmented by product type, operating frequency, industry vertical and
geography. On the basis of product type, the HF RFID tags segment led the global market
contributing to 43% of the total market value in 2017. The segment growth is governed by
merits such as larger memory, long range, faster detection and standardized technology.
Nevertheless, in the following years, the UHF RFID tags segment is set to register the highest
growth rate. UHF is the latest RFID protocol capable of serving wide range of applications. In
addition, UHF RFID is superior to LF and HF RFID systems in nearly all the aspects, making it the
most lucrative RFID tags segment.
Browse the full report at https://bit.ly/2ROC0Tk
Further, based on industry vertical, the market is led by the retail & apparel sector owing to
the huge penetration of RFID tracking systems in the segment. Transportation segment
(covering aviation) is expected to register high growth due to the mandated use of RFID tags