RFID Sensor Market Size, Share & Analysis Report, 2021-2027
The global RFID Sensor market gathered revenue around USD 18.0 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 7.9% during the prediction period 2021 to 2027.
Report Coverage
| Report Scope | Details |
| Market Size | USD 18.0 Billion by 2027 |
| Growth Rate | CAGR of 7.9% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | Type, Frequency Range, Application, End-use Industry, Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Alien Technology, Applied Wireless Inc., Avery Dennison Corporation, CAEN RFID S.R.L., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc., Invengo Information Technology Co. Ltd, Motorola Solutions, Inc., NXP Semiconductors., and Savi Technology. |
The global RFID sensor market is broadly affected by several factors, including usage of RFID sensor in logistics, supply chain, and increasing applications in the healthcare and retail sectors. Thus, expanding applications of RFID sensors in different sectors is propelling the global market.
RFID sensor is an automatic identification technology, which uses radio frequency electromagnetic field to identify the objects carrying tags. At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.
Helping the supply chain management system by tracking & monitoring their inventories and providing robust security drive the market growth. Moreover, long distance tag readability fuel the growth of the global RFID sensors market. Integrated circuits in RFID assembly contain a tiny antenna for transferring information, which further contribute towards the market growth. However, high RFID cost and inability to read signals from multiple outputs hamper the market growth.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the RFID Sensor market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global RFID Sensor market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
RFID Sensor market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
RFID Sensor Market: Dynamics
The RFID technology consists of scanners that uses radio waves to communicate with RFID tags and provides real-time data. The sensor in the RFID technology is utilized in a wide range of applications such as warehouse and retail. It helps improve the operations in warehouse and retail sectors by automating the inventory processes. Additionally, it makes the operations faster and simpler. Furthermore, the increasing trend of contactless communications is further boosting the demand for RFID sensors. The RFID technology also enables communication between the powered reader and unpowered tag. These factors are propelling the RFID sensor market.
The increasing adoption of RFID sensors for long-range scanning is further propelling the market. RFID sensors are available in the range of up to 100 cm in order to read long distance tags. In these types of applications, battery-assisted RFID tags are used. These types of sensors are popularly deployed in environments that require the tracking of high value assets in large areas and spaces. Moreover, increasing research and development to manufacture the innovative products among key players is also fueling the market.
Increase in Demand from Healthcare Industry
In the healthcare industry, RFID sensors are employed for various objectives such as tracking patients. For instance, during the COVID-19 pandemic, they helped track patients and their contacts for isolation. Additionally, RFID tags are used to track the assets of the hospital.
When it comes to mission critical assets, the RFID technology provides great help. For instance, in operation theaters it is mandatory to inspect assets regularly in order to avoid unplanned breakdowns. These factors are propelling the market.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the RFID Sensor Market include: Alien Technology, Applied Wireless Inc., Avery Dennison Corporation, CAEN RFID S.R.L., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc., Invengo Information Technology Co. Ltd, Motorola Solutions, Inc., NXP Semiconductors., and Savi Technology.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
Global RFID Sensor Market: Segmentation
RFID Sensor Market, by Type
RFID Sensor Market, by Frequency Range
RFID Sensor Market, by Application
RFID Sensor Market, by End-use Industry
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the RFID Sensor market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the RFID Sensor market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the RFID Sensor markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in RFID Sensor market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global RFID Sensor Market, By Type
7.1. RFID Sensor Market, by Type, 2021-2027
7.1.1. Active
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Passive
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global RFID Sensor Market, By Frequency Range
8.1. RFID Sensor Market, by Frequency Range, 2021-2027
8.1.1. Low Frequency
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. High Frequency
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Ultra high Frequency
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global RFID Sensor Market, By Application
9.1. RFID Sensor Market, by Application, 2021-2027
9.1.1. Access Control
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Access Control
9.1.2.1. Market Revenue and Forecast (2016-2027)
9.1.3. Ticketing
9.1.3.1. Market Revenue and Forecast (2016-2027)
9.1.4. Cashless Payment
9.1.4.1. Market Revenue and Forecast (2016-2027)
9.1.5. Inventory Management
9.1.5.1. Market Revenue and Forecast (2016-2027)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global RFID Sensor Market, By End-use Industry
10.1. RFID Sensor Market, by End-use Industry, 2021-2027
10.1.1. Transportation
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Logistic & Supply Chain
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Manufacturing
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Retail
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5. Healthcare
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Aerospace & Defense
10.1.6.1. Market Revenue and Forecast (2016-2027)
10.1.7. Agriculture
10.1.7.1. Market Revenue and Forecast (2016-2027)
10.1.8. Others (Sports, Advertisement, etc.)
10.1.8.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global RFID Sensor Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Type (2016-2027)
11.1.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.1.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Type (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Type (2016-2027)
11.2.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.2.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Type(2016-2027)
11.2.6.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Type (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Type (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Type (2016-2027)
11.3.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.3.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Type (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Type (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Type (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Type (2016-2027)
11.4.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.4.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Type (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Type (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Type (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Application (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Type (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Type (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Frequency Range (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Application (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-use Industry (2016-2027)
Chapter 12. Company Profiles
12.1. Alien Technology
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Applied Wireless Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Avery Dennison Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. CAEN RFID S.R.L.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Honeywell International Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Checkpoint Systems, Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Impinj, Inc
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Invengo Information Technology Co. Ltd
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Motorola Solutions, Inc.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. NXP Semiconductors
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers