What is Organic RFID Device?
Organic Radio Frequency Identification Device capture digital data using radio waves. They are called as an advanced alternatives to Barcode, because of their wider applicability. They do not require to be placed continuously in line of sight unlike to Barcodes. Organic RFID devices are majorly of two types that are active and passive. Organic RFID devices can be distinguished on the basis of frequency that is Low Frequency devices, High Frequency and Ultrahigh Frequency. The Market of Organic RFID devices is expected to grow with the growth of end user industries. Geographically, United States is the major market of Organic RFID device.
The market study is broken down by Type (Active and Passive), by Application (Access Control, Livestock Tracking, Ticketing, Cashless Payment and Inventory Management) and major geographies with country level break-up.
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.
Balluff GmbH (Germany), AB&R (United States), Coridian Technologies, Inc. (United States), VisuaScan Inc. (Canada), Zebra Technologies (United States), Imprint Enterprises, Inc. (United States), Avery Dennison Corporation (United States), Impinj (United States), AbeTech (United States) and Honeywell International Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Invengo Technology Pte. Ltd. (Singapore), Caen RFID (Italy) and Applied Wireless (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Organic RFID Device market by Type, Application and Region.
On the basis of geography, the market of Organic RFID Device 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). If we see Market by End Use, the sub-segment i.e. Healthcare will boost the Organic RFID Device 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 will boost the Organic RFID Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Components , the sub-segment i.e. Antenna Coil will boost the Organic RFID Device market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Avery Dennison Corporation, which is US based Multinational manufacturer of pressure-sensitive adhesive materials, branding tags, RFID inlays and other medical equipment has announced completion of acquisition of Smartrac N.V.’s Transponder business. The acquisition was made in a deal worth USD 313 plus million. The acquisition will bolster Avery Dennison’s RFID solutions.
In 2021, HID Global, a US based secure identity solutions provider has announced acquisition of Technology Solutions UK Ltd., which has established its name as one of the market innovators in rugged RFID readers and other RFID applications as well as devices. The acquisition will strengthen HID’s advanced identity technology and IoT Portfolio.
Market Trend
- Transportation and Logistics will Prominent Drivers in Growth of Organic RFID Devices
Market Drivers
- Advancement in Digital Technology
- Increasing Adoption in Manufacturing Facility
- Industry Friendly Government Policies
Opportunities
- SME’s Manufacturing Process will be Streamlined and More Efficient in the Coming Years because of Adoption Organic RFID Device
Restraints
- RFID is Far More Expensive than Barcode
Challenges
- Concern regarding Reliability as Current Technology of RFID is not as reliable as Barcode
Key Target Audience
Organic RFID Device Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.