Global RFID market Size has seen numerous changes in the past decade along with paving way for new future opportunities. The advent of the RFID technology dates back to the 1940s; but it was started using more frequently since the 1970s. The radio-frequency technology used in RFID has come a long way from its roots at the beginning of the twentieth century when the manufacturers started implementing it and realizing its advantages. RFID uses a combination of radar and radio broadcast technology. It primarily consists of three components which includes a scanning antenna, a transceiver also known as an interrogator, and a transponder or the RFID tag.
The RFID reader is mostly a network-connected device that uses radio frequency waves for transmitting signals that activates the tag. The RFID technology helps in identifying individual objects, animals or people without having a direct line of sight. The RFIDs are also capable of identifying numerous items simultaneously having the scanning take place from anywhere between inches to feet away depending on the tag and RFID reader. These are some of the key factors to have driven the application of RFID across numerous industries. Moreover, the increased management within inventory and supply chain along with faster production planning saving costs and scheduling efficiency in a better way have also boosted the application of RFID globally.
However, it is the security concern related with RFID that remains a big challenge for the market. The RFID tagged data can be read by anyone having a compatible reader which is a key restraint for the global market growth. Additionally, these tags may get read by anyone even after the item leaves the store or supply chain through an appropriate reader. These tags usually have a unique serial number, and are directly associated to a consumer eventually giving away personal confidential information. These security concerns is especially vital for individuals who are working in military or medical settings, as access to these facts may result in a national security concern.
Maximize Market Research has carried out widespread research about the current Global RFID Market viewpoint together with assuring clients about the future of the RFID technology across different industries. The research report has complied all the relevant data and had undergone a comprehensive analysis for assessing the utilities of the RFID along with giving in-depth analysis about the future opportunities related to the RFID technology. Further it gives an exhaustive interpretation of technological transformations occurring in the industry over the stated period of the time together with giving a historical analysis and future growth trends.
In addition to this, the report delivers forecasts of the market, giving you an insight into the future trend and how it may shape the application and growth of Global RFID market. The driving forces, as well as considerable restraints, have been explained in depth. Further report segments the market by product, wafer size, working, frequency, end user, form factor, label type, and geography. Furthermore, regional analysis of the report have been provided as well giving an insight knowledge about the pros and cons of the market through exhaustive researches across the primary and secondary scale.
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Major companies that are provided under this report include Honeywell, Checkpoint Systems, Mojix, GAO RFID, Nedap, Zebra Technologies, GlobeRanger, HID Global, Impinj SAG, Omni-ID, Vizinex RFID, Savi Technology, RFID Global Solution, NXP Semiconductors , Technology Solutions (UK) Ltd., HARTING RFID, SES RFID, Mouser Electronics, SMARTRAC NV, Zebra, YOSHIKAWA Inc., Omron Corporation, SATO Group, and Ripro Corporation among others.
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