UHF Components to Lead Demand Growth for Global RFID Market to Reach $35 Billion by 2024 – The New Market Report (2018-2024) by Industry Experts, Inc.
Industry Experts, Inc. introduced the new market research report " Global RFID Market – Readers, Tags and Software ". The report reveals that the Ultra-High Frequency segment is projected to be the fastest growing market with a CAGR of 14.6% between 2018 and 2024, globally. The growth of the RFID market is predominantly driven by the rising need for efficient supply chain management in the developing economies of China, South East Asia & others in Asia, Middle East & Africa. In Logistics & Transportation and Healthcare & Medical sectors, the focus on RFID technology for the tracking and classification of travel & shipping and medical instruments is rising, and this is expected to drive the demand for the technology. RFID product components analyzed in this report comprise Tags, Readers and Middleware & Software. RFID Tags remain the largest product type within the RFID market, reaching a projected US$17 billion by 2024 from an estimated US$8....