Global RFID Smart Labels Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global RFID Smart Labels Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by Trusted Business Insights. The global RFID smart labels market report has been segmented on the basis of type, application, and region.

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Global RFID Smart Labels Market: Overview

The RFID smart label or tag is a microchip with an antenna in a compact package. The tag’s antenna registers the tag from the RFID reader and returns the signal with additional information. The RFID tag is attached to various objects as they are too small and can be incorporated with any objects. These tags are widely used for two major application areas which includes track and trace applications.

Global RFID Smart Labels Market: Dynamics

Increasing demand for RFID smart labels in retail industry due to its ability to track shipments in real time, is a major factor expected to drive growth of the global RFID smart labels market over the forecast period. In addition, growing electronics, logistics, and other industries, which in turn propelling demand for RFID smart labels for effective and efficient supply chain management across the globe. This is another factor expected to boost growth of the target market in the coming years. Moreover, increasing government support for adoption of RFID smart labels for animals or livestock inventory management, is among major factors anticipated to fuel growth of the potential market over the long run.

Furthermore, increasing product innovations and rising integration of advanced technology into retail operations to enhance effectiveness and functionality of various products, is expected to create a lucrative opportunity for growth of the global RFID smart labels market during the forecast period.

However, reflection and absorption of radio frequency signals by liquid and metallic objects which creates high disturbance in reading or scanning process of smart labels and availability of low-cost substitutes are a challenging factors expected to hamper growth of target market to a certain extent.

Global RFID Smart Labels Market: Segment Analysis

On the basis of type, the passive tags segment is expected to account for highest share in terms of value and volume in the target market over the forecast period. In addition, growing demand for passive ultra-high frequency (UHF) RFID tags is expected to register highest adoption after the evolution of RAIN RFID alliance with members such as AIDC industry association AIM Global, Intel, Google, and SMARTRAC and is expected to support growth of the target market.

Global RFID Smart Labels Market: Regional Analysis

The North America RFID smart labels market contributes major share to the global market in terms of revenue and is expected to maintain its dominance over the forecast period. High adoption of RFID systems, RFID tags, and labels in various end-use industries such as, surveillance and security, automotive, livestock, sports, healthcare, and others in countries such as US and Canada in the region is expected to support growth of the target market in the coming 10 years. Increasing applications of RFID smart labels in electronic and manufacturing industries in countries in the Asia Pacific region is anticipated to drive growth of the RFID smart labels market in the Asia Pacific region. Whereas, market in the Europe is anticipated to grow at lucrative rate in the next 10 years, owing to rising industry 4.0 in manufacturing industries in this region.

Global RFID Smart Labels Market Segmentation:

Segmentation on the Basis of Type:

Active Tags
Passive Tags
Battery Assisted Passive Tags

 Segmentation on the Basis of Application:

Retail
Logistics
Healthcare
Transportation
Others (Aerospace, Construction, etc.)