News provided by Research and Markets Mar 05, 2021, 16:00 ET via prnewswire.com
DUBLIN, March 5, 2021 /PRNewswire/ — The “UHF RFID Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Component and Application” report has been added to ResearchAndMarkets.com’s offering.
According to this report the global UHF RFID market was valued at US$ 2,011.70 million in 2019 and is projected to reach US$ 5,588.33 million by 2027; it is expected to grow at a CAGR of 13.8% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.
Growing complexities in supply chains – due to outsourcing, internationalization, and e-retailing – are leading to mitigation of control over various activities, which has led to vulnerabilities in these supply chains. Counterfeiting is a widespread issue that impacts various businesses. At present, the issue is limited to luxury products and goods such as beauty products and apparel. For instance, in March 2020, in Malaysia, ~600 cases of online sales of counterfeit surgical masks were reported. Further, Louis Vuitton, the French handbag designer company, has been a favorite target of counterfeiters. After discovering the sale of counterfeit products by retailers in Beijing, New York, and Australia, the company informed various landlords about the infringing activities of their respective leasehold tenants and asked them to take steps to avoid sales of infringing products on their properties.
Moreover, sports giants such as Reebok and Adidas are taking on the ever-growing number of counterfeits. They filed the trademark suit in federal court against ~50 online sellers for selling, promoting, and counterfeit products. Thus, Reebok and Adidas are seeking US$ 2 million from each of the defendants for every counterfeit trademark used. The cases of counterfeits are gradually decreasing with the introduction of UHF RFID technology, as it makes copying or faking the trademark difficult and delivers a multi-layered defense against attacks on supply chain. With this technology, one can identify an individual item, determine its location, and review its chain of custody. Gathering this data makes it easier to handle the supply chain and identify counterfeits. CAEN RFID S.R.L; Convergence Systems Limited; Impinj, Inc.; Invengo Technology PTE. LTD.; Jadak; Lowry Solutions Inc.; Murata Manufacturing Co., Ltd.; NXP Semiconductors; SAG; and Walki Group OY are among the key players profiled in the report during this market study.
Impact of COVID-19 Pandemic on APAC UHF RFID (RAIN) Market
The shutdown of various factories in China is affecting the global supply chains as well as disturbing manufacturing activities, delivery schedules, and product and service sales. Although the factories in the country are reopening gradually, several logistics businesses have discontinued their operations; thus, a few of the cargo terminals have been shut down as an effect of the pandemic. The pandemic laso has adversely affected the automotive sector is China. The country is the world’s largest car market, and Wuhan is home to automobile plants of Honda, General Motors, Nissan, and Renault, among others. As per the World Economic Forum (WEF), Honda Company has ~50% of its total production capacity in China in Wuhan. In 2019, Hubei Province was the fourth-largest car manufacturer in China, with ~10% of the country’s car-making capacity, and 2.24 million vehicles were manufactured at plants located in this province. However, several automotive companies had to discontinue their operations amid the nationwide lockdown, which resulted in a decline in the sales of cars and their spare parts.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global UHF RFID (RAIN) market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global UHF RFID (RAIN) market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 UHF RFID (RAIN) Market – By Component
1.3.2 UHF RFID (RAIN) Market – By Application
1.3.3 UHF RFID (RAIN) Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. UHF RFID (RAIN) Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Middle East & Africa
4.2.5 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. UHF RFID (RAIN) Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Adoption of RFID Technologies in Retail Sector
5.1.2 Increase in Counterfeiting Activities
5.2 Market Restraints
5.2.1 Security Concerns Related to RAIN RFID Technology
5.3 Market Opportunities
5.3.1 Growth in IoT offers Market Opportunities
5.4 Future Trends
5.4.1 Rising Production Capacities of Automotive Manufacturers
5.5 Impact Analysis of Drivers and Restraints
6. UHF RFID (RAIN) Market – Global Analysis
6.1 UHF RFID (RAIN) Market Global Overview
6.2 UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Five Key Players
7. UHF RFID (RAIN) Market Analysis – By Component
7.1 Overview
7.2 UHF RFID (RAIN) Market, by Component (2019 and 2027)
7.3 Hardware
7.3.1 Overview
7.3.2 Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.3.3 Tags and Labels
7.3.3.1 Tags and Labels: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.3.4 Readers
7.3.4.1 Readers: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.3.5 Printers
7.3.5.1 Printers: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.3.6 Other Hardware
7.3.6.1 Other Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Software
7.4.1 Overview
7.4.2 Software: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Services
7.5.1 Overview
7.5.2 Services: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
8. UHF RFID (RAIN) Market Analysis – By Application
8.1 Overview
8.2 UHF RFID (RAIN) Market, by Application (2019 and 2027)
8.3 Retail and Consumer Goods
8.3.1 Overview
8.3.2 Retail and Consumer Goods: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Logistics and Transportation
8.4.1 Overview
8.4.2 Logistics and Transportation: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Healthcare
8.5.1 Overview
8.5.2 Healthcare: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
8.6 Manufacturing
8.6.1 Overview
8.6.2 Manufacturing: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
8.7 Other Applications
8.7.1 Overview
8.7.2 Other Applications: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
9. UHF RFID (RAIN) Market – Geographic Analysis
9.1 Overview
9.2 North America: UHF RFID (RAIN) Market
9.3 North America: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Europe: UHF RFID (RAIN) Market
9.5 APAC: UHF RFID (RAIN) Market
9.6 MEA: UHF RFID (RAIN) Market
9.7 SAM: UHF RFID (RAIN) Market
10. UHF RFID (RAIN) Market- COVID-19 Impact Analysis
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Market Initiative
11.2 Mergers and Acquisition
11.3 New Product Development
12. Company Profiles
12.1 Convergence Systems Limited
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 CAEN RFID S.r.l.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Impinj, Inc.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Invengo Technology Pte. Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Jadak- A Novanta Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Lowry Solutions Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Murata Manufacturing Co., Ltd.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NXP Semiconductors N.V.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Securitag Assembly Group Co., LTD (SAG)
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Walki Group Oy
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
For more information about this report visit https://www.researchandmarkets.com/r/eob7cb
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