Radio frequency identification (RFID) refers to the technology, which uses radio frequency electromagnetic fields or electrostatic fields to identify objects carrying tags when they come close to a reader. The RFID provides automatic item identification on mixed pallets, shipping & receiving applications, and helps monitor unattended items in the store.
Drivers & Restraints
The global market is anticipated to rise at a considerable rate during the forecast period. In the recent years, the market was growing at a steady rate and with the rising adoption of strategies by key players; the market is expected to rise over the projected horizon. The RFID technology is expected to witness a steady growth in the coming years, which is attributed to the increasing demand for locating, tracking, and monitoring objects and beings for security, safety, and resource optimization.
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Aerospace & Defense
The market has been segment into North America, South America, Europe, Asia-Pacific, and Middle East and Africa. The Asia Pacific region is estimated to grow the fastest over the forecast period owing to the growing demand from developing countries, such as India and China.
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Applied Wireless RFID
Checkpoint Systems, Inc.
Invengo Technology Pte. Ltd.
Honeywell International Inc.