The usage of RFID technology in automated item identification systems is gaining importance in the retail sector. The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. Healthcare management and
Machine Room Less Hospital Elevators Companymonitoring of critical care equipment represent other interesting areas of application for the RFID market." Growth in the value of the global RFID market is estimated to remain attractive as the market is expected to grow continuously at a CAGR of 14. With improvements in technology and economical cost, this technology has been adopted by small and medium enterprises. Preview Analysis Global Radio Frequency Identification Market Segmentation By Application - logistics & transportation, aerospace & defence, automotive, retail & consumer goods, agriculture, healthcare, government and others More from FMI's Electronics, Semiconductors, and ICT Market Intelligence: Wearable Computing Devices Market Segmentation By Dynamics - Drivers (Economic, Supply, Demand), Restraints, Value Chain; By Product Category - Smart Accessories (Smart Watches, Wrist Bands), Smart Textiles (Apparels, Clothing and Innerwear), Smart Fitness Devices (Activity Trackers & Monitors, Chest Straps); By Adoption - Consumer Adoption, Business To Business (B2B) Adoption : //reports/mena-digital-transformation-marketSupercapacitors Market Segmentation by Type - Electrical Double Layer Capacitors, Pseudo-capacitors, Hybrid Capacitors; By Application - Consumer Electronic Devices, Automobiles, Grid Stabilization, Trains, Locomotive Systems (Cranes and Elevators), Aircraft, Others; By Vertical - Automotive and Transportation, Industrial, Electronics, Energy and Power, Military and Defense, Aerospace and Aviation, Others : //Website: . This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time.0 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. Request a Sample Report with Table of Contents and Figures: rep-gb-656 The annual revenue of the global RFID market was US$ 12,912. On the basis of components, the RFID software and middleware segment is expected to register attractive growth over the forecast period. Based on application, the agriculture segment is estimated to gain high penetration in terms of market share during the forecast period. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide.e. Also, Vendor management has become smoother with use of RFID technology since it provides detailed performance metrics. Over a decade ago, RFID technology was used by large enterprises. The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. These regions are likely to dominate the global market over the forecast period.5% in terms of value during the forecast period 2018 - 2028.Radio Frequency Identification (RFID) Market Anticipated to Witness Significant Growth in the Coming Years Owing to the Increasing Need for Efficient Supply Chain Management The globalRFID marketis expected to register a CAGR of 14. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations.5% during 2018 - 2028 with SEA and Others of APAC, Western Europe and North America accounting for significant market value shares by the end of the forecast period., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. FMI delivers key insights on the global RFID market in its report titled "RFID market: Villa Elevator Company Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028