Chicago, March 10, 2024 (GLOBE NEWSWIRE) — The RFID market is projected to succeed in USD 40.9 billion by 2032 from USD 15.8 billion in 2023; it’s anticipated to develop at a CAGR of 11.1% from 2023 to 2032. The RFID market is being propelled by a number of key elements, together with a rising demand for RFID know-how in manufacturing services to boost productiveness, the provision of reasonably priced RFID options with promising returns on funding, a rising necessity to boost stock administration, and the growing variety of authorities initiatives and laws aimed toward bolstering security and safety.

RFID know-how has emerged as a up to date resolution for each industrial and client sectors, pushed by the rising integration of knowledge applied sciences. An RFID resolution consists of a label or tag and a reader for seamless tag communication. The introduction of handheld and sled readers has considerably bolstered the performance of RFID options, enabling cost-effective asset monitoring. RFID tag know-how has developed from short-range studying to lively frequency tags able to monitoring property over distances exceeding 100 meters. These lively frequency tags should not restricted to standalone asset monitoring but additionally allow real-time monitoring of cell property and personnel.

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They at the moment are broadly employed in industries like transportation, logistics, provide chain, retail, and protection for real-time asset monitoring. With ongoing technological developments and improvements, passive ultra-high frequency RFID has been additional divided into a brand new band (860 to 960 MHz) often called RAIN RFID. The adoption of RAIN RFID has skilled substantial progress, reaching quite a few suppliers within the ecosystem and establishing itself as essentially the most broadly adopted RFID frequency globally. The continued progress in RFID know-how and elevated worth competitiveness have empowered RFID resolution suppliers to embrace hybrid know-how. Integrating RFID with current end-user communication applied sciences has turn out to be a strategic strategy to cut back preliminary investments and develop market attain, as standalone RFID installations could be capital-intensive, notably for large-scale deployments. Presently, RFID options not solely furnish asset information but additionally allow the evaluation of such information to realize insights into numerous points reminiscent of asset lifecycle administration, manufacturing cycles, buyer habits evaluation, predictive upkeep, and extra inside their respective industries.

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RFID firms embrace:

• Zebra Technologies Corp. (US),

• Alien Technology, LLC (US),

• CAEN RFID S.r.L. (Italy),

• Impinj, Inc. (US),

• Avery Dennison Corporation (US),

• Honeywell International Inc.(US),

• NXP Semiconductors (Netherlands),

• GAO Group (Canada),

• HID Global Corporation (US),

• Invengo Information Technology Co., Ltd. (China),

• Infotek Software & Systems (P) Ltd (i-TEK) (India),

• Bartronics India Limited (India),

• Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US),

• GlobeRanger (US),

• Mojix (US),

• SAG Securitag Assembly Group Co., Ltd. (Taiwan),

• Linxens (France),

• Checkpoint Systems, Inc. (US),

• Identiv, Inc. (US),

• Confidex (Finland),

• Datalogic S.p.A. (Italy),

• Nedap N.V. (Netherlands),

• Jadak (US)

Avery Dennison Corporation  (US)

The firm operates throughout three main enterprise segments: Materials Group (previously encompassing Label and Graphic Materials in addition to Industrial and Healthcare Materials), and Solutions Group (previously Retail Branding and Information Solutions). Within its product portfolio, the corporate offers UHF RFID inlays, HF RFID inlays, and NFC RFID inlays. Under the Retail Branding and Information Solutions (RBIS) section, the corporate delivers branding options, overlaying artistic providers, model enhancements, graphic tickets, RFID inlays, tags, and labels, along with packaging options focused at retailers, attire producers, and model house owners.

RBIS info options embody item-level RFID options, visibility and loss prevention options, worth ticketing and marking options, care, content material, and nation of origin compliance options, and model safety and safety options. Avery Dennison Corporation boasts an intensive array of inlays, tags, and sensor-based RFID options, underpinned by greater than 800 patents, providing a major technological benefit. With the acquisition of Smartrac (Netherlands), a outstanding inlay and tag producer, the corporate has secured a number one place within the RFID market. Focusing on large-scale adoption at main retailers is pivotal to its enduring success within the RFID inlays and tags sector, and this technique has translated into constant income progress. With a various vary of RFID merchandise, the corporate reinforces its place out there, additional strengthening its aggressive stance with the introduction of latest RFID Inlays and Tags in 2022. Avery Dennison Corporation stands as a outstanding participant within the inlay market, offering options to retailers, attire producers, and model house owners. Its enlargement technique revolves round swift product launches and partnerships with key gamers within the RFID ecosystem, reminiscent of SUKU (US) and Impinj, Inc. (US).

Zebra Technologies Corp. (US)

The firm operates inside two main enterprise segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The Asset Intelligence & Tracking section focuses on merchandise like barcode scanners, imagers, printers, location options, printing provides, and related providers, serving the RFID market. Its key shopper industries embrace healthcare, retail, manufacturing, hospitality, transportation, and logistics. The firm’s RFID options embody lively and passive RFID tags, beacons, and different monitoring gadgets for finding, managing, and optimizing precious property, gear, and personnel. With a world presence spanning North America, Europe, APAC, the Middle East, Africa, and South America, Zebra Technologies Corp. is a outstanding RFID options supplier, providing a wide-ranging product portfolio to help functions like asset monitoring, identification, personnel monitoring, and logistics administration. These options help industries in asset monitoring and upkeep value discount. The firm has a worldwide footprint, boasting engineering and manufacturing services in North America, Europe, and Asia, together with a sturdy world gross sales and engineering help community to successfully serve its clients. Zebra is actively investing in and creating numerous complementary applied sciences alongside RFID, together with UWB, Wi-Fi, BLE, GPS, and hybrid applied sciences. Its proprietary hybrid know-how, the Location Engine Platform/Software, facilitates information assortment from a number of applied sciences. Zebra helps the expansion of its RFID enterprise by offering a complete array of options, together with readers, labels, printers, and reader instruments. Substantial investments in analysis and growth, starting from 9-10% of its income, have resulted in quite a few product launches within the RFID market, highlighting the corporate’s dedication to technological development. Zebra Technologies Corp. is uniquely positioned to foster the evolution of RFID know-how, given its sturdy monetary capabilities and ongoing investments in analysis and growth, notably in readers and printers. In 2022, the corporate allotted practically USD 570 million to analysis and growth actions, underlining its dedication to innovation. With roughly 2,000 engineers and innovation and design consultants globally, the corporate focuses on increasing and enhancing its product and resolution portfolio.

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