About Radio Frequency Identification
The Radio frequency identification is those type of technologies which mainly use wireless communication between object and interrogating device. It is mostly used to identify and track the object. RFID stem contains two-component namely RFID reader and RFID tag. Various advantages associated with the use of radio frequency identification such as ability to pin point location, multiple tag identification tags is possible, don’t require the transponder to be in the line of sight, reduced labor costs, improved inventory control, reduced shrinkage and others. Increasing usage of radio frequency identification in end-user types such as commercial, transportation, healthcare, among others and increasing adoption of radio frequency identification in Asia Pacific countries are likely to be a prime driver for the Asia Pacific Radio Frequency Identification market.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Asia Pacific radio frequency identification market appears to be highly fragmented and with the presence of several companies including Yodobashi Camera Co. Ltd. (China), Tsinghua Tongfang Co., Ltd. (China), CHILITAG Technology (Taiwan), among others. Analyst at AMA Research estimates that China Players will contribute the maximum growth to Asia-Pacific Radio Frequency Identification market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yodobashi Camera Co. Ltd. (China), Tsinghua Tongfang Co.,Ltd. (China), CHILITAG Technology (Taiwan), Ceyon Technology (Sri Lanka), EMW (South Korea), Ripro Corporation (Japan), Perfect RFID (India), Rasilant Technologies Pvt Ltd (India), Unitech (India) and TSL (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Shenzhen Xinye Smart Card Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Asia-Pacific Radio Frequency Identification market by Type (Tags, Reader and Software) and Region.
On the basis of geography, the market of Radio Frequency Identification has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Components, the sub-segment i.e. Passive RFID will boost the Radio Frequency Identification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Working, the sub-segment i.e. Passive RFID will boost the Radio Frequency Identification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. BFSI will boost the Radio Frequency Identification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frequency, the sub-segment i.e. Low Frequency (125 kHz, 134.2 kHz) will boost the Radio Frequency Identification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Wafer size, the sub-segment i.e. 200mm will boost the Radio Frequency Identification market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Support and Initiatives for the Use of Radio Frequency Identification Technology Across
Market Growth Drivers:
Rising Need for Efficient Supply Chain Management in the Asia Pacific and Increasing Demand for Locating, Tracking & Monitoring Objects and Increase in Passenger Cars in the Asia Pacific Countries
Challenges:
Problem related to Inadequate Infrastructure in developing countries and Concern regarding the Tags are usually larger as compared to barcode labels
Restraints:
Issue Related to Doesn’t Work Properly On Liquid and Metal Products and Expensive than Bar Code System and Major Concern Regarding the Some Material May Create Signal Problem and Lengthy Time to Program RFID Devices
Opportunities:
Growing Demand from Emerging Market such as China, India, South Korea, Taiwan, among others
Market Leaders and their expansionary development strategies
In March 2023, Impinj, a leading provider of UHF RFID tags and readers, acquired Chirp Microsystems, a company specializing in low-power, near-field RFID technology. This move expands Impinj's product portfolio and strengthens its position in the growing market for Internet of Things (IoT) applications.
In February 2023, Impinj launched the Monza R6-P, a high-performance UHF RFID tag designed for long-range reading and challenging environments.
Key Target Audience
Software investors, Security solution vendors and RFID service providers, Value-added Resellers and Distributors, Investors and Venture Capitalist, Security Management Service Provider, Security Equipment Providers and Security Agencies and System Integrators and Research/Consultancy firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.