What is RFID Chip?
RFID Chip (Radio Frequency Identification) is also known as tags, these are a sort of tracking system which generally uses some smart barcodes to identify items or objects. Various advantages associated with the use of radio frequency identification such as the ability to pinpoint location, multiple tag identification tags are generally driving the market. These chips have a wide range of applications such as commercial, transportation, and healthcare, among others. Increasing adoption of radio frequency identification in Asia- Pacific countries are boosting up the market in forecasted years
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | TI (United States), Ams AG (Austria), NXP (Netherlands), Alien Technology (United States), Infineon (Germany), LEGIC Identsystems (Switzerland), Impinj (United States), Atmel (United States), STMicroelectronics (Switzerland) and RF Solutions (United Kingdom) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Active, Passive, Semi- Passive and Battery-Assisted Passive (BAP) RFID) , by application (Logistics Fields, Asset Management, Vehicle Management, Packaging Fields, Identification and Others) and major geographies. Research Analyst at AMA predicts that Global Manufacturers will contribute to the maximum growth of Global RFID Chip market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this RFID Chip market report suggests strategies that Manufacturers can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, some of them are TI (United States), Ams AG (Austria), NXP (Netherlands), Alien Technology (United States), Infineon (Germany), LEGIC Identsystems (Switzerland), Impinj (United States), Atmel (United States), STMicroelectronics (Switzerland) and RF Solutions (United Kingdom).
According to the International organization for Standardization, a number of organizations have set standards for RFID. For instance, North America, the range of UHF can be used unlicensed up to 902–928 MHz (±13 MHz from the 915 MHz center frequency), however, it restricts exist for transmission power. In Europe, RFID and other low-power radio applications are regulated by ETSI recommendations EN 300 220 and EN 302 208, and ERO recommendation 70 03, allowing RFID operation with rather complex band restrictions from 865–868 MHz.
Influencing Trend:
Government Support and Initiatives for the Use of Radio Frequency Identification Technology Across and Rising Product Launches in Line with Customer Requirement
Market Growth Drivers:
Rising Need for Efficient Supply Chain Management Globally and Increasing Demand for Locating, Tracking & Monitoring Objects
Challenges:
High Cost of these Chips, Concern Related Towards Overhead Reading (Fail to Read) and Tags with a Large Amount of Liquid or Metals Cannot be Read Easily
Restraints:
Issue Related Towards Security and Privacy of these Chips and Major Concern Regarding the Some Material that may Create Signal Problem and Lengthy Time to Program RFID Devices
Opportunities:
Growing Demand from Emerging Economies and Wide Variety of Application Globally
Key highlights of the Global RFID Chip market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the RFID Chip market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global RFID Chip market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of RFID Chip Manufacturers
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global RFID Chip market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in RFID Chip market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of RFID Chip, Suppliers of RFID Chip, Wholesalers, Distributors, and Retailers of RFID Chip, Governmental Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.