RFID technology is majorly used in warehouse or distribution centre, the technology is used to automate data collection. The transceiver reads radio frequencies and transmits them to an RFID tags. The identified information is later conveyed from a tiny processer chip embedded in the tag and broadcasted to the RFID reader. Therefore, RFID broadly refers to collecting of data as it majorly involves the automatically identifying objects through the low-power radio waves. Correspondingly, then and there the data is being sent and received with a system which is consisted of RFID tags, an antenna, an RFID reader, and a transceiver.
As per the report Analysis, ‘North America Radio Frequency Identification (RFID) Market 2020-2026 by Component, Product Type, Frequency Band, Wafer Size, Application, Industry Vertical, and Country: Trend Forecast and Growth Opportunity’ states that Alien Technology Corporation, Applied Wireless Identifications Group, Inc., Ascendent Id, Avery Dennison Corporation, Axcess International, Inc., Brady Corporation, Checkpoint Systems, Inc., Datamax-O’neil Corporation, eAgile, Inc., GAO RFID, Inc., Globeranger Corporation, HID Global Corporation, Honeywell International, Inc., Impinj, Inc., Intermec, Inc., International Business Machines (Ibm) Corporation, Metalcraft, Inc., Molex, Inc., Motorola Solutions, Inc., Neology, Inc., Oatsystems, Inc., Omni-ID, Precision Dynamics Corporation (PDC), RFID, Inc., Texas Instruments Incorporated, Transcore, Zebra Technologies Corporation are some of the major players which are currently operating in the market and dominating the entire space of the organized market. The above mentioned companies has been further analysed on various parameters to get an overall outlook about the market leader and the best strategies adopted by them in the market. Some of the major parameters on which these companies are being analysed include Major Vendors, New Product Launches, Partnerships, Investment, Mergers and Acquisitions and many more.
Additionally, report also covers a detailed coverage along with an exhaustive qualitative analysis on the basis of various factors such as Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces Analysis and many more.
The report provides detailed study about the market segmentation at various levels by Component (RFID Tags, RFID Readers, Middleware, Software, and Service), By Product Type (Active RFID, Passive RFID, and Other RFID Types), By Frequency band (Low Frequency, High Frequency, and Ultra-high Frequency), By Wafer size (200mm, 300mm, and 450mm), By Application (E-payments, Identification and Security, Asset Tracking, Materials Handling and Logistics, Military and Aerospace, and Other Applications), By Industrial vertical (Financial Services, Healthcare & Medical, Logistics & Transportation, Agriculture, Farming & Livestock, Automotive & Manufacturing, Retail & E-commerce, Consumer Goods, and Other Verticals) and many more. Also, the entire detailed study about the market is being captured at various geographical locations such as United States of America and Canada.
In future, it has been anticipated that the overall North America’s Radio Frequency Identification market will grow at a single digit compound annual growth rate (CAGR), majorly due to the growing demand in the region coupled with the industrial vertical such as farming & Livestock’s, Agriculture and may more.
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Ankur Gupta, Head Marketing & Communications