RFID Solutions have been able to provide several effective ways of working to become more flexible. The time humans spend on human tasks and errors has been greatly reduced by using RFID tags instead of legacy methods. The biggest advantage that RFID tags have is that they do not have to be in line of sight with the reader, unlike bar codes which cannot operate without being in direct line of sight with the reader. This uniqueness made people switch to RFID barcode labels and helped make their lives and the lives of their customers and employees easier.
New York, June 30, 2021 (GLOBE NEWSWIRE) -- RFID Tags Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “RFID Tags Market Research Report, Types, End-User and Region - Forecast till 2027” , The market is projected to be worth USD 18.91 billion by 2027, registering a CAGR of 11.2% during the forecast period (2021 - 2027), The market was valued at USD 8.5 billion in 2020.Increasing Adoption of RFID tagsThere is an opportunity to boost RFID tag market by increasing RFID tag usage and adoption in manufacturing and consumer goods.
Get Free Sample PDF Brochure https://www.marketresearchfuture.com/sample_request/2008 Due to lockdown measures and supply chain disruptions, global demand for expensive retail products is falling, which is likely to impede RFID market growth.
The government has enforced RFID tagging on vehicles for tolling in emerging regions, however, due to COVID, the delay in travel has limited the deployment of RFID tags.
Manufacturing facilities are reopening as lockdown measures are lifted in various countries.
Moreover, to avoid COVID-19, contract-tracing solutions are provided in the various companies which are produced by RFID solutions.List of the Key Companies Profiled in the RFID Tags Market Research Report are:Alien Technology (U.S)Confidex Ltd (Finland)HID Global Corporation (U.S)Honeywell International Inc. (U.S)Omni-ID Ltd (U.S)Impinj Inc. (U.S)Invengo Information Technology Co. Ltd (China)Smartrac N.V. (Netherlands)RF Code Inc. (U.S)GAO RFID Inc. (Canada)CoreRFID Ltd (U.K) andTageos (France) Browse In-depth Market Research Report (129 pages) on RFID Tags https://www.marketresearchfuture.com/reports/rfid-tags-market-2008 Industry NewsIn March 2020, Avery Dennison began the acquisition of Smartrac's Transponder business for USD 276 million, subject to customary adjustments.In April 2020, RF Code and Chatsworth Products announced a collaboration to deliver integrated wire-free monitoring and management for eConnect power distribution units.In June 2020, NXP semiconductors introduced the MIFARE DESFire EV3 IC, which includes increased security, next-generation performance, and seamless integration of mobile services to enable security and connectivity in smart city services.
It is backward-compatible, has a high operating distance, and a faster transaction speed.In September 2020, Avery Dennison developed the AD-332u8 RAIN RFID inlay, which excels in high density, RFID proximity circumstances and can also be utilized for inventory accuracy and supply chain management.
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