Insights on the Global Radio Frequency Identification (RFID) Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 – Technavio

LONDON–(BUSINESS WIRE)–Jan 29, 2021–
The radio frequency identification (RFID) market is expected to grow by $ 11.26 bn, progressing at a CAGR of about 9% during the forecast period.
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Technavio has announced its latest market research report titled Global Radio Frequency Identification (RFID) Market 2020-2024 (Graphic: Business Wire)
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The growing adoption of inventory management systems is one of the major factors propelling market growth. However, factors such as data security and consumer privacy issues will hamper the market growth.
More details: https://www.technavio.com/report/radio-frequency-Identification-market-industry-analysis
Radio Frequency Identification (RFID) Market: Product Landscape
Based on the product, the RFID tags segment is expected to witness lucrative growth during the forecast period.
Radio Frequency Identification (RFID) Market: Geographic Landscape
By geography, APAC is going to have a lucrative growth during the forecast period. About 36% of the market’s overall growth is expected to originate from APAC. China and Japan are the key markets for RFIDs in APAC.
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Companies Covered:

  • Alien Technology LLC
  • CoreRFID Ltd.
  • Datalogic Spa
  • eAgile Inc.
  • Honeywell International Inc.
  • Impinj Inc.
  • Mojix Inc.
  • NXP Semiconductors NV
  • Siemens AG
  • Zebra Technologies Corp.

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Customer landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver – Demand led growth
  • Volume driver – Supply led growth
  • Volume driver – External factors
  • Volume driver – Demand shift in adjacent markets
  • Price driver – Inflation
  • Price driver – Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Alien Technology LLC
  • CoreRFID Ltd.
  • Datalogic Spa
  • eAgile Inc.
  • Honeywell International Inc.
  • Impinj Inc.
  • Mojix Inc.
  • NXP Semiconductors NV
  • Siemens AG
  • Zebra Technologies Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE: Technavio Research
Copyright Business Wire 2021.
PUB: 01/29/2021 03:25 PM/DISC: 01/29/2021 03:25 PM
http://www.businesswire.com/news/home/20210129005584/en