Albany, NY -- (SBWIRE) -- 01/26/2017 -- An RFID system is based on wireless technology, which utilizes radio waves for gathering data from a tag attached to an object. It is used for different purposes such as for tracking objects and automatic identification. Components of RFID systems are mentioned below:

Tag (used for the distinct identification of an object)
Antenna (used to detect the tag; generates a magnetic field)
Reader (used to receive tag information)
Communication infrastructure (allows reader/RFID to work through IT infrastructure)
Host

Technavios analysts forecast the global radio frequency identification (RFID) market to grow at a CAGR of 11% during the period 2016-2020.

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Covered in this report
The report covers the present scenario and the growth prospects of the global radio frequency identification (RFID) market for 2016-2020. To calculate the market size, the report covers the revenue generated from end-user segments: industrial, financial services, logistics, retail, healthcare, and others (sports, airlines, consumer products, animals, and farming).

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Radio Frequency Identification (RFID) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Datalogic
Honeywell International
Zebra Technologies

Other prominent vendors
Acreo Swedish ICT
Alien Technology
Avery Dennison
Checkpoint Systems
CipherLab
CoreRFID
Fieg Electronics
GAO RFID
Global Ranger
Impinj
InSync Software
LogiTag
Mobile Aspects
Mojix
Nedap
RFID4U
RF Ideas
SATO VICINITY
Skyetek
Skytron
Software AG
Solstice Medical
SMARTRAC
Stanley InnerSpace
TAGSYS RFID
Tellago
Terso Solutions
Thinfilm
ThingMagic
TIBCO Software
Tyco Retail Solutions
WaveMark
Xterprise

Market driver
Inventory management
For a full, detailed list, view our report

Market challenge
Need for high initial investment
For a full, detailed list, view our report

Market trend
Growing popularity of smart factories
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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