According to a new market research report published by Credence Research “Wide Area RFID Systems Market is expected to witness significant growth during the forecast period from 2017 to 2025.
The purpose of the report is to illustrate the state of the market of Wide Area RFID Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2018, and also, to build a forecast for the growth of the industry in the medium term until 2026.
One of the major factors driving the demand for wide area RFID systems is rise in innovative applications. RFID technology has been used in various end-use industries over a long period of time. However, the use of this technology has been restricted to limited applications such as shipment tracking and inventory management. Wide area RFID systems enable identification, location and authentication of numerous objects simultaneously all across the facility. Thereby, wide area RFID systems have offered a viable solution for retail and fashion store operators to exactly locate different types of products and gain marketing insights through analysis of the data collected. In addition, wide area RFID systems have found immense adoption in various manufacturing, automotive, oil and gas industries. The use of wide area RFID systems has enabled organizations in various manufacturing industries to track assets, verified components and other resources in real time. Furthermore, with decreasing costs of RFID tags and readers, wide area RFID systems are expected to witness significant rise in terms of adoption in the above mentioned end-use industries.
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Some of the leading providers in the wide area RFID systems market include Mojix, Inc., Impinj, Inc., Guard RFID Solutions, Inc., Balluff GmbH, PervasID Ltd., Shenzhen Jietong Technology Co., Ltd., Trackware B.V., Shenzhen Marktrace Co., Ltd., Idesco Oy, Balogh Group, GAO RFID, Inc. and Pepperl+Fuchs Vertrieb Deutschland GmbH.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Wide Area RFID Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Wide Area RFID Systems contains:
Analysis and forecast of Wide Area RFID Systems market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Wide Area RFID Systems market;
Assessment and forecast of Wide Area RFID Systems market development;
Financial and business profiles of the leading companies in the Wide Area RFID Systems industry.
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– Up to date working Wide Area RFID Systems data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Wide Area RFID Systems for the period 2018 to 2026
– Planned Wide Area RFID Systems additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Wide Area RFID Systems projects by region, key countries, and companies
– Details of major planned Wide Area RFID Systems projects in the world up to 2026
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