Global RFID Market is expected to reach USD 44,351.6 million by 2024 from USD 13,378.7 million in 2016, at a CAGR of 16.3%in the forecast period 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Tags market with highest market share has the largest market segment in RFID market.
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GlobeRanger dominates RFID market, accounting for the highest market share in 2016, followed by Smartarc N.V. and CCL Industries Inc.
Other players in this market include
• Alien Technology,
• LLC,
• AWID,
• CAEN RFID S.r.l,
• GAO RFID Inc.,
• Impinj, Inc.,
• Invengo Technology Pte. Ltd.,
• Mojix, Inc.,
• Nedap N.V.,
• ThingMagic,
• Honeywell International Inc.,
• and ZIH Corp.
among others holds 7.9% of the RFID market in 2016.
GlobeRanger:
Founded in 1999, Richardson, U.S., developer of sensor platform for deployment and development, Internet of Things (IOT), RFID management and sensor based solutions.
It offers different solutions such as iMotion IoT Edgeware, a platform that provides RFID, sensors, devices; GR-AWARE, a RFID, sensor enabled, IOT based asset management solution which deals into inventory management and many others.
Recent Developments:
1. On May, 2016, GlobeRanger launched iMotion IoT Edgeware Platform named as iMotion 7.0 as this will help in the expansion and will improve the delivery of innovative industrial Internet of Things (IoT) solutions.
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Smartarc N.V.:
Founded in 2000, Groenlo, Netherlands, developer, manufacturer and a supplier of NFC transponder and RFID. It offers RFID transponder which carries microchips along with the feature such as controlled data access, mutual authentication and data encryption. This includes e-national ID cards, e-passports, electronic visa documents, e-social security cards and many more.
Recent Developments:
1. On September, 2017, launched Midas FlagTag, a cost-efficient tag for metallic surfaces and everyday object for consumer goods and industrial components.
2. On December, 2016, launched Grille and Fly tags and inlays for demanding industrial applications in automotive and beyond
CCL Industries Inc.:
Founded in 1951, Ontario, Cannada, manufacturer and seller of containers, consumer printable media products and labels. The company operates in 4 business segments which include label, avery, checkpoint and container.
Checkpoint Systems, Inc. is the business division of CCL industries, Inc. which deals in the manufacturing, marketing loss prevention, labeling solutions and inventory management to the apparel and the retail industries. It has its operations in three segments such as merchandise availability solutions, retail merchandising solutions and apparel labeling solutions.
Recent Developments:
1. On September 2017, Checkpoint Systems launched EVOLVE-Store update which allows retailers to monitor, measure and manage their stores along with the data.
• On January, 2016, Checkpoint’s Micro RFID Labels designed for beauty, smaller health, cosmetic and retail merchandise applications in order to overcome the densely packed merchandising display challenges
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