Albany, NY -- (SBWIRE) -- 10/19/2016 -- An RFID system is a wireless technology that utilizes radio waves to receive data from a tag attached to an object. It is used for various purposes such as tracking objects and automatic identification. RFID tags are integrated with ICs to store information about the product in the form of a unique identification code.
The global RFID market for industrial applications to grow at a CAGR of 19.2% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global RFID market for industrial applications for 2016-2020. To calculate the market size, the report considers the revenue generated from RFID used for only manufacturing applications. The market size includes the revenue generated from both the licensing of software as well as the shipment of RFID hardware.
The market is divided into the following segments based on geography:
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Technavio's report, Global RFID Market for Industrial Applications 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.
- Zebra Technologies
Other prominent vendors
- Acreo Swedish ICT
- Alien Technology
- Avery Dennison
- Checkpoint Systems
- Cipher Lab
- Fieg Electronics
- Global Ranger
- GAO RFID
- InSync Software
- RF Ideas
- Software AG
- SATO VICINITY
- TAGSYS RFID
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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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