Battery Free RFID Sensor Market - Share, Growth, Trends, and Forecast 2018 - 2026

Albany, NY -- (SBWire) -- 05/10/2019 --Radio frequency identification (RFID) technology is growing at a rapid pace and is widely used in different applications worldwide. This technology offers many advantages with contactless data and automatic capture in a smart label. RFID technology saves time and significant labor cost. The combination of RFID with battery free RFID sensory based technology has extended the applications of RFID to environmental monitoring and food quality monitoring applications.

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Increasing demand for battery free RFID sensors in different applications across food quality monitoring, supply chain management, condition monitoring, and structural health monitoring among others has led to the adoption of battery free RFID sensors worldwide. Improvements in overall architecture of RFID technology and form factors have also benefited the RFID industry. The global battery free RFID sensor market is estimated to quickly grow to US$ 1269.2 Mn by 2026 from US$ 466.3 Mn in 2017, recording a CAGR of 12.1%.

Battery free RFID sensors are the unique sensors that transmit the data without the help of batteries. These types of sensors are widely used in different applications where accessibility is restricted or where use of battery is not recommended. Market demand for new sensors for food quality and safety stimulates the development of new sensing technologies that can provide an unobtrusive sensor form, battery-free operation, and minimal sensor cost.

Growing demand for food quality monitoring is driving the market for battery free RFID sensors and is expected to create a better opportunity for battery free RFID sensor manufacturers in the coming years. Battery free RFID sensors have become one of the most important subjects for scientists to conduct research on.

The global battery free RFID sensor market has been broadly segmented in terms of frequency, application, end-use industry, and geography. Based on frequency, in terms of revenue, high frequency and NFC segment accounted for major market share of more than 50.0% in 2017 and is anticipated to expand at a CAGR of 13.5% during the forecast period. In order to fulfill the global demand, various battery free RFID sensor manufacturers are now focusing on research and development activities on a regular basis in order to find advanced applications of battery free RFID sensor.

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Connectivity is a major competence required to operate IoT based applications and devices, which includes both consumer and enterprise infrastructure devices. Battery free wireless sensors can fulfill the high-accuracy needs of a wide range of applications, and system installation & practices. These types of sensors are cost effective, easy to operate, and have low maintenance cost.