Asia-Pacific RFID equipment Market is expected to reach USD 7,184.0 million by 2024 from USD USD 3,291.16 million in 2016, at a CAGR of 16.9% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are increase demand of RFID Technology in retail industry, enforced laws for labelling animals, increasing use of security and access control application and increasing installation of RFID in manufacturing units and for productivity improvement. On the other hand, high cost of RFID and device interoperability may hinder the growth of the market.
The key market players for Asia-Pacific RFID equipment market Market are listed below;
Invengo Information Technology Co. Ltd
Smartarc N.V.
CCL Industries Inc.Medtronic
Alien Technology,
LLC, AWID,
CAEN RFID S.r.l,
GAO RFID Inc.,
Impinj, Inc.,
GlobeRanger,
Mojix, Inc.,
Nedap N.V.,
ThingMagic,
Honeywell International Inc.,
ZIH Corp
The market is further segmented into;
product type
Geography
End user
The global RFID market is segmented on the basis of products, end user and geography. The global RFID market is segmented into readers and software tools. In 2017, the tags segment is expected to dominate the market with a share of 58.5% and is expected to continue this trend till 2024.
Based on end user, the global RFID market is segmented into industrial, transportation, retail, consumer package goods, healthcare, education and others.
Based on geography, the Asia-Pacific RFID equipment market is segmented into geographical regions, such as,
China,
Japan,
India,
South Korea,
Australia,
Thailand,
Malaysia,
Singapore,
Indonesia,
Philippines
Rest of Asia-Pacific
Covered in this report
The report covers the present scenario and the growth prospects of the Asia-Pacific RFID equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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