Wide Area RFID Systems Market By Component (Tags, Readers, Antennas, Software), By End-Use Industry (Automotive, Retail, Oil And Gas, Manufacturing, Healthcare) - Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Wide-area RFID systems are essentially traditional RFID systems that can identify and locate numerous objects over a long range. The traditional deployment of RFID systems was used to restrict their usability, as the objects were identified and accounted for only at certain checkpoints and entrances. If a detailed inventory check is required, operators would have to manually scan individual objects or products, which requires an immense amount of time and labor. Wide-area RFID systems have provided a viable solution for various industries to identify and locate multiple objects at the same time throughout the facility. The wide-area RFID systems make use of long-range RFID readers, which can locate RFID tags over a distance of 100 ft. In addition, these systems make use of additional, cheaper antennas, which can extend the reach of RFID readers deployed within the facility.

The overall wide-area RFID system comprises numerous components such as RFID tags, readers, antennas, and a software module in order to collect, manage, and analyze the collected data. The RFID tag containing inlays can be attached to various products or components that need to be identified for inventory management. Long-range RFID readers are deployed across the facility to ensure optimum coverage and identification of the entire inventory. On account of the high cost of RFID readers, end-users deploy numerous cheaper antennas that send signals from tags and readers back and forth. Thereby, the use of antennas makes the deployment of wide-area RFID systems economically viable and effective.

The report titled "Global Wide Area RFID Systems Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global wide area RFID systems market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of multiple market segments based on components, end-use industries, and a cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report covers a section providing the anatomy and pricing of various components in the overall wide-area RFID system.

In order to help strategic decision-makers, the report also includes competitive profiling of the leading providers of wide-area RFID systems, market positioning, and key developments. Some of the major players profiled in the report are Mojix, Inc., Impinj, Inc., Guard RFID Solutions, Inc., Balluff GmbH, PervasID Ltd., Shenzhen Jietong Technology Co., Ltd., Trackware B.V., Shenzhen Marktrace Co., Ltd., Idesco Oy, Balogh Group, GAO RFID, Inc., and Pepperl+Fuchs Vertrieb Deutschland GmbH.

Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the wide-area RFID solutions industry
  • Market fuelers, market impediments, and their impact on market growth
  • in-depth competitive environment analysis
  • Trailing 2-year market size data (2015–2016)

Overall, the research study provides a holistic view of the global wide area RFID systems market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.

The wide-area RFID systems market is segmented, based on end-use industry, into the following categories:

  • Automotive
  • Retail
  • Oil and gas
  • Manufacturing
  • Healthcare
  • Others (commercial, events, education, etc.)

On the basis of the end-use industry, the global wide-area RFID systems market was led by the automotive industry in terms of revenue. Automotive manufacturing involves the conveyance of numerous auto components and parts along complicated assembly lines. In addition, automotive manufacturing plants are spread across large physical areas, making manual RFID reading cumbersome and tedious. The use of wide-area RFID systems enables automobile manufacturers to effectively identify and locate numerous components simultaneously during assembly. Thereby, the automotive sector has experienced higher adoption of wide-area RFID systems so far.

The retail industry is another major end-user of wide-area RFID systems for applications such as inventory management, store management, and product identification. Some of the leading companies operating in the fashion and fast-moving consumer goods sectors have adopted long-range RFID systems in order to constantly review store inventory and gain real-time insights regarding product sales. With increasing applications, the adoption of wide-area RFID systems in the retail industry is expected to rise in the following years.

The wide-area RFID systems market has been segmented on the basis of geographical regions, as per the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa (MEA)
  • Latin America

In 2016, North America held the largest share of the overall market for wide-area RFID systems, accounting for over one-third of the global market in terms of revenue. High levels of IT sophistication and rising labor costs have compelled various industries to deploy advanced systems for asset tracking and inventory management. In addition, the high concentration of numerous industries, including automotive, pharmaceutical, and oil and gas, has resulted in the higher adoption of wide-area RFID systems in the region.

Europe and Asia Pacific followed the North American region in the global wide area RFID systems market in terms of revenue in 2016. Stringent government regulations and norms governing workplace safety and efficiency have increased demand for wide-area RFID systems in most European countries. With rising technological awareness and increased manufacturing investments in China and India, the Asia Pacific-wide area RFID systems market is expected to grow significantly between 2017 and 2025. 

Frequently Asked Questions:

The market for Wide Area RFID Systems Market is expected to reach US$ XX Mn By 2025.

The Wide Area RFID Systems Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2017-2025.

The base year of this report is 2015.

Guard RFID Solutions, Inc., Balluff GmbH, PervasID Ltd., Shenzhen Jietong Technology Co., Ltd., Trackware B.V., Shenzhen Marktrace Co., Ltd., Idesco Oy, Balogh Group, GAO RFID, Inc. are some of the major players in the global market.

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Published Date:  Jul 2017
Category:  Technology & Media
Report ID:   58579
Report Format:   PDF
Pages:   120
Rating:    4.7 (70)
Delivery Time: 24 Hours to 48 Hours   
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