Published by Coherent Market Insights
Posted on September 30, 2021
4 min readLast updated: February 1, 2026
The RFID market is expected to grow significantly by 2027, driven by IoT adoption and advanced technologies. Key players include Alien Technologies and Honeywell.
United States/WA: Market Will Boom In Near Future
Report Pages:[130 Pages]
Top Company Players:- The industry is marked by the presence of many global vendors, such as Alien Technologies, Honeywell International, Inc, NXP Semiconductors, Inc, Smartrac N.V, and Zebra Technologies. Some other prominent players include RFID4U, Tibco Software, Mojix, Inc, Impinj, Inc, and TIBCO Software, Inc.
Radio Frequency identification (RFID) is a shape of wireless communication, which makes use of tags with a view to song the information of the gadgets. The blessings offered via the RFID to organization are doing away with the human error, securing the statistics from unauthorized access, and minimizing overhead expenses. increasing adoption of superior technologies inclusive of real Time region structures (RTLS), sensor networks, net of things (IoT), radio frequency identity gadgets (RFID) assist in growing the security of the facts from the cyber threat. This features help in controlling the facts loss and securing the information from unauthorised get right of entry to. for this reason, this aspect will undoubtedly help in fuelling the growth of the marketplace.
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Growing adoption of IOT inside the diverse verticals inclusive of production, healthcare, outlets and many others is one of the fundamental elements using boom of the marketplace. growing adoption of superior technologies together with sensor, smart gadgets, robots and lots of more in the diverse verticals has undoubtedly uplifting the adoption of IOT in the various verticals, which in flip is using the boom of the marketplace. for instance, in keeping with the Coherent market Insights, in 2016, the market size of IoT linked device were US$ 17.sixty nine billion and it’s far grown as much as US$ 20.38 billion in 2017, worldwide. increasing awareness of the various verticals toward increasing the profit with the aid of controlling the wastage of sources is growing the adoption of IOT among verticals. As inside the IOT environment the components are required to be able to carry out verbal exchange among the devices and items. as a result, objects are augmented with the RFID tags if you want to allow the item to talk statistics such that company will capable to utilize the ones records in the choice making for increasing the performance of the organisation. RFID allows groups to growth income through controlling value, assets and time via imparting the real time traceability, identity, communique, and places about the resources and people. therefore, those elements are expected to propel boom of the RFID market length.
Key developments
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The post [RFID] RFID Market To Witness Great Business Opportunities In Period of 2021-2027 appeared first on Gatorledger.
The main topic is the growth and opportunities in the RFID market from 2021 to 2027.
The growth is driven by IoT adoption and the implementation of advanced technologies.
Key players include Alien Technologies, Honeywell, and Zebra Technologies.
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