Industry Background:
RFID stands for radio frequency identification. In mobile RFID, where mobile technology with RFID creates various applications for process management improvement. This data is managed via the server by providing data history, data persistence, and data management. There is much technology that helps to manage mobile RFID, in which NFC technology plays a very important role to provide users more convenient online payment options. Mobile RFID will replace barcode scanning methods.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Alien Technology (United States), Peerbits (India), Applied Wireless RFID (United States), CAEN RFID (Italia), Impinj (United States), Mojix (United States), Solid GEAR (Spain), Gao RFID Inc. (Canada) and IntechOpen Limited (United Kingdom) |
According to AMA, the market for Mobile RFID is expected to register a CAGR of 9.8% during the forecast period to 2030. This growth is primarily driven by Increase Demand Instance Identification Services and Increase Demand from Governments and Logistics Driven Companies.
Globally, a noticeable market trend is evident Asset Tracking
Major Players, such as Alien Technology (United States), Peerbits (India), Applied Wireless RFID (United States), CAEN RFID (Italia), Impinj (United States), Mojix (United States), Solid GEAR (Spain), Gao RFID Inc. (Canada) and IntechOpen Limited (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Influencing Trend:
Asset Tracking, Location Identifications and Technology Advancement
Market Growth Drivers:
Increase Demand Instance Identification Services and Increase Demand from Governments and Logistics Driven Companies
Challenges:
Rising Privacy Concern by Users
Restraints:
It Is Restricted By Few Number of Retail Stores That Have NFC Stations and Phones That Support
Opportunities:
Mobile RFID Huge Growth Potential throughout the Supply Chain in Manufacturing and Logistics Sectors and Increasing Automation Also Creates Huge Opportunity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Mobile RFID Market
- Analysis about New Entrants in Mobile RFID Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Mobile RFID Study Sheds Light on
The Mobile RFID Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Mobile RFID industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mobile RFID industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.