Industry Experts - Market Research Reports, Industry Analysis, Custom Research

Industry Experts, Inc. has released its latest report on Radio Frequency Identification (RFID) Technology Market , estimating its demand at US$18.6 billion in 2024 and projecting it to reach US$40.6 billion by 2030, with a CAGR of 13.9% during the period 2024-2030. Some of the factors instrumental in driving demand for RFID Technology include integration of this technology with the Internet of Things (IoT) and Industry 4.0 initiatives and the wide deployment of RFID-enabled tags and devices across a range of industries to collect real-time data and create a smart, connected ecosystem, offering enhanced visibility, automation and decision-making and an increase in regulatory requirements for product traceability, safety and security in sectors, such as healthcare, pharmaceuticals, food & beverage and aerospace. Worldwide, the Retail sector is the leading end-user of RFID technology, since this technology has proved invaluable in allowing retailers to gain enhanced visi...

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....