What is RFID Wristband Market?
Robust technological advancements in smartphone and smartphone accessories industry will lead to generate vigorous demand RFID wristbands over the forecasted period. RFID stands for Radio Frequency Identification. These wristbands use radio waves to transfer info between two or more devices. The system is comprised of a tag and a reader device. Variety of RFID wristbands derivatives are available in the market such as Silicone RFID, nylon RFID, PVC RFID, woven RFID & paper RFID. It enables users to operate their smartphones in hands-free mode. It has various applications including GPS tracking and navigation, phone notifications, health-related alerts as well as basis analysis and medical inspection.
The market study is being classified by Type (Silicone RFID Wristband, Nylon RFID Wristband, PVC RFID Wristband, Woven RFID Wristband, Paper RFID Wristband and Other), by Application (Medical, Entertainment and Other) and major geographies with country level break-up.
Barcodes, Inc. (United States), GOJEK (Indonesia), Tatwah Smartech Co. Ltd. (China), Solusindo Total Teknikatama (Indonesia), Zebra Technologies Corp. (India), Chengdu Mind Golden Card System Co., Ltd. (China), Shenzhen Xinye Intelligence Card Co., Ltd. (China), Shenzhen Zhongyuanda Smartech Co., Ltd. (China), RealSmart Tech. (China), Xinyetong Technology Co. Ltd. (China), Tatwah Smartech Co. Ltd. (China), SYNOMETRIX (Hong Kong) and Radiant RFID (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are IDenta Corp. (United States), ShenZhen XinYeTong Technology (China), Beijing Kingdoes RFID Technologies (China), SHANGHAI HUAYUAN ELECTRONIC (China), STARNFC technologies (China), Engrace Technology Co. Ltd. (China), Shenzhen Chuangxinjia Smart Card Co., Ltd. (China) and Castlestone Intelligent Technology (Shanghai) Co. Ltd (China).
Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global RFID Wristband market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global RFID Wristband market by Type, Application and Region.
On the basis of geography, the market of RFID Wristband has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurging Adoption of Wristbands for Continues Health Monitoring
- Prompt Access to Mobile Notifications without Touching Mobile Phones will Encourage Consumers
Market Trend
- Adoption of Personalized Information and Health Tracking
- Introduction to GPS enabled RFID Wristbands
Restraints
- Limitations of Battery Life and Battery Durability
- Comparatively Inexpensive and Less User Friend
Opportunities
- Introduction to Cheaper and Efficient RFID Wristbands
- Adoption of Long Range RFID RA tags in RFID Wristband
Challenges
- Vulnerable to Water and Moisture Exposure
- RFID Security and Privacy Concerns
Market Leaders and some development strategies
On March 5th, 2019, OCR Canada Ltd. and QSG Inc. have approved a definitive agreement in which OCR Canada will acquire QSG. Under the Barcodes Group, OCR Canada has seen incredible growth, continuing to be Canada’s leading value-added reseller. Executive management is confident that this acquisition will allow OCR Canada to best serve the Canadian Market in its entirety, providing the best solutions and service available.
The United States Government’s State Board of Education has mandated to adopt standards for school district board to incorporate into any policy that requires student to wear, carry or use item with radio frequency identification device for purpose of locating or tracking student or taking attendance. This device enables organizations or consumers to identify the student, transmit information regarding the student, or monitor or track the student.
Key Target Audience
RFID Sensor Manufacturers, Distributors and Traders, RFID Wristband Manufacturers, Wristband Suppliers, Mobile Phone Manufacturers, Healthcare Organization, Private Industry Associations and Others