Dallas, Texas (PRWEB) December 23, 2014
An increase in the number of Radio-frequency identification (RFID) applications which has emerged in the last couple of years in several end-user segments such as industrial, healthcare, retail and transportation has led to the growth of the global sourcing RFID tags market. Devices that store information electronically are called radio-frequency identification (RFID) tags. Such tags are typically used for identifying or tracking objects. The information/data which are gathered through these tags is transferred via radio waves to a host computer. The global sourcing of RFID tags market is expected to grow at a compound annual growth rate of 22.4% during the period from 2013 to 2018.
Key players in the global sourcing of the RFID tag market are Honeywell International, NXP Semiconductors, Alien Technology and Impinj Inc. The market can be segmented on the basis of product type and geographical regions. Radio frequency identification tags are used in a number of applications such as instant tracking of vehicles, inventory management in retail and tracking of equipment in establishments such as hospitals and airport. An emerging trend in the market is the adoption of GDS by manufacturers and retailers. Some of the key market drivers in the global sourcing of the RFID tag market are supply chain inefficiencies, efficiency of RFID asset tracking solutions and implementation of RFID tags by large retailers. Increasing radio frequency identification application in the healthcare industry as well as increasing RFID technology adoption in aviation baggage safety systems are also propelling the growth of the market.
Key trends in the global sourcing of the RFID tag market are adopting of GDS by manufacturers and retailers and global adoption of EPCglobal by RFID suppliers. A pricing trend in the market is RFID procurement. According to product, the global sourcing of the RFID tag market can be segmented into RFID tags, software and services and RFID readers. Major suppliers of radio-frequency identification tags are continually pushing for adoption of the EPCglobal as their regulatory framework during the manufacturing of the devices. Adoption of GDS by manufacturers and retailers is an emerging trend in the market. However, technology considerations are a major challenge to the growth of the market.
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The report Global Sourcing of RFID Tags Market 2014-2018 is an in-depth and professional report, that covers market scenario, market size forecast, product offerings, growth prospects, drivers and their impact, key trends, opportunities, challenges, key vendors strengths and weaknesses of key vendors.
List of Exhibits:
Exhibit 1: Report Snapshot
Exhibit 2: Market Research Methodology
Exhibit 3: Major Areas of Applications for RFID Technology
Exhibit 4: Global RFID Market 2013-2018 (US$ billion)
Exhibit 5: Major Sections Characterising the RFID Market
Exhibit 6: Growth of the Global Sourcing of RFID Tags Market across the Years
Exhibit 7: Major Technology Eras in the Global Sourcing of RFID Tags Market
Exhibit 8: Natural Development of RFID Chart
Exhibit 9: Global RFID Market by Product: FY2013
Exhibit 10: Global RFID Market by Geography: FY2013
Exhibit 11: Additional Challenges Faced by the Global Sourcing of RFID Tags Market
Exhibit 12: Considerations to be Measured while Choosing the Optimal RFID Tag Supplier
Exhibit 13: The RFID Value Chain - From Chip to Benefit
Exhibit 14: Criteria to be Considered while Choosing the Right Supplier
Exhibit 15: Major Vendors, Manufacturers and Customer Segmentation
Exhibit 16: Factors Determining Pricing of RFID Tags
Exhibit 17: Examples of Various RFID Tag Prices
Exhibit 18: Bill of Materials for a Simple License Plate Tag
Exhibit 19: Costing Based on Types of Readers
Exhibit 20: Other Areas of RFID Installation Costs
Exhibit 21: Ten Major RFID Connective Technologies
Exhibit 22: RFID Technological Trends - The Past and Present
Exhibit 23: RFID Technology- The Present and Future
Exhibit 24: Journey of RFID Technology into Cloud Services
Exhibit 25: Industries that have Implemented RFID Standards
Exhibit 26: Various Frequency Ranges of RFID Tags
Exhibit 27: Standards for RFID Technology Implementation:
Exhibit 28: Major Regulatory Bodies for Setting RFID Standards
Exhibit 29: Forecasted Disposable Income FY2013-2019
Exhibit 30: Increasing Urbanization Rates: India
Exhibit 31: Percentage Change in Per Capita Income for US Market
Exhibit 32: Percentage of Retail Sales by Geography
Exhibit 33: World GDP Growth Rates
Exhibit 34: Top Five Countries as Per Cheap Labour Availability
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