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According to a new report Global RFID Technology Market, published by KBV research, the Global RFID Technology Market size is expected to reach $27.5 billion by 2023, rising at a market growth of 14.1% CAGR during the forecast period.
The North America market holds the largest market share in Global RFID Tags Market by Region in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 12.3 % during the forecast period. The Europe market is expected to witness a CAGR of 14.1% during (2017 - 2023) in Global RFID Readers Market. Additionally, The Asia Pacific market is expected to witness a CAGR of 15.8% during (2017 - 2023).
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years.
KBV Cardinal Matrix - RFID Technology Market
Based on the Analysis presented in the Cardinal matrix, Honeywell International Inc. and Zebra Technologies Corporation are the forerunners in the Radio Frequency Identification Technology market.Source: KBV Research Analysis, Company Publications and Secondary Research
The High Frequency market holds the largest market share in Global Radio Frequency Identification Technology Market by Frequency in 2016, and would continue to be a dominant market till 2023. The Ultra-High Frequency market is expected to witness a CAGR of 15.2% during (2017 - 2023). Additionally, The Low Frequency market would garner market size of $4,688.8 million by 2023.
The Retail market holds the largest market share in Global Radio Frequency Identification Technology Market by Vertical in 2016, and would continue to be a dominant market till 2023; growing at a CAGR of 13.2 % during the forecast period. The Industrial market is expected to witness a CAGR of 13.5% during (2017 - 2023). Additionally, The Government market is expected to witness highest CAGR of 14.6% during (2017 - 2023).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global RFID (Radio Frequency Identification) Technology Market have been discussed in the report with the competition analysis and elaborated company profiles of Acreo Swedish ICT AB, Alien Technology Inc., Check Point Software Technologies Ltd., Datalogic S.P.A., Honeywell International Inc., Impinj Inc., Mojix Inc., NXP Semiconductors N.V., Zebra Technologies Corporation, and TIBCO (The Information Bus Company) Software Inc.
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