“RFID Market For Industrial Applications: Global Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global RFID market for industrial applications. Radio frequency identification (RFID) technology relies on radio waves to identify a tagged object. It enables users to record and recognize the database of a particular product with better precision. As a result, it finds extensive applications in the manufacturing, healthcare, and logistics industries worldwide.
The burgeoning retail industry represents one of the key factors positively influencing the market. Moreover, RFID is widely used in hospitals for inventory control, equipment tracking, out-of-bed and fall detection, personnel tracking, and preventing the distribution of counterfeit drugs and medical devices. In addition, it is utilized for tracing goods in the supply chain and tracking security and payment systems that enable customers to pay for items without using cash.
Beginning with a global overview, the report explores the dynamics that have a strong influence on the RFID market for industrial applications and can also impact its future growth. Taking 2017 as the base year, the report covers historical market scenario from 2009-2016 and provides forecasts till 2022. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the RFID market for industrial applications in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the RFID market for industrial applications in detail for latest trends, outlook and opportunities.
The report analyses the competitive structure of the RFID market for industrial applications and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the RFID market for industrial applications along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the RFID market for industrial applications by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the RFID market for industrial applications. Furthermore, the value chain analysis of the RFID market for industrial applications has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution.
Key Segments and Highlights of the Global RFID Market For Industrial Applications
The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the RFID market for industrial applications. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.
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