DUBLIN--(BUSINESS WIRE)--The "RFID Sensor Market by Product, Frequency Band Type, Application, and Industry Vertical - Global Opportunities Analysis and Industry Forecast, 2018-2024" report has been added to ResearchAndMarkets.com's offering.
According to a recent report titled, Global RFID Sensor Market by Product, Frequency Band, Type, Application, and Industry Verticallobal Opportunity Analysis and Industry Forecast, 2018-2024, The global RFID sensors market was valued at $11.81 billion in 2017, and is projected to reach $26.67 billion by 2024, registering a CAGR of 12.2% from 2018 to 2024.
RFID sensor is an automatic identification technology, which uses radio frequency electromagnetic field to identify the objects carrying tags. At present, North America dominates the market, followed by Europe. In 2017, the U.S. is expected to remain dominant in the North America market, while the UK is projected to lead the overall market in Europe.
Helping the supply chain management system by tracking & monitoring their inventories and providing robust security drive the market growth. Moreover, long distance tag readability fuel the growth of the global RFID sensors market. Integrated circuits in RFID assembly contain a tiny antenna for transferring information, which further contribute towards the market growth. However, high RFID cost and inability to read signals from multiple outputs hamper the market growth.
- Murata Manufacturing Co., Ltd
- Vitaran Electronics
- ELA Innovation
- Balluff Inc.
- VisuaScan Inc.
- Imprint Enterprises
- Coridian Technologies, Inc.
- AbeTech Corporate
- Invengo Technology Pte. Ltd.
Key Topics Covered:
2: Executive Summary
3: Market Overview
4: RFID Sensor Market, By Product Type
5: RFID Sensor Market, By Frequency Band
6: RFID Sensor Market, By Type
7: RFID Sensor Market, By Application
8: RFID Sensor Market, By Industry Vertical
9: RFID Sensor Market, By Region
10: Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jr64kt/global_rfid?w=4