RFID tags can be either active or passive. An active tag has an integrated battery and frequently transmits its ID signal. However, a passive tag is smaller & cheaper since it has no battery and instead the tag utilizes the radio energy diffused by the reader. In addition, a battery-assisted passive tag has an integrated small battery, which works only in the presence of an RFID reader. RFID systems are of three types, low frequency, high frequency, and ultra-high frequency. These frequencies vary greatly by region and country.
The growth of the India RFID market is anticipated to be driven by factors such as availability of cost-effective RFID solutions and high returns on investment. In addition, increasing installation of RFID systems in manufacturing units to improve productivity boosts the overall market growth. However, high purchase costs act as a major restraint of the India RFID industry. On the contrary, high demand for contact-tracing solutions is expected to create lucrative opportunities for the India RFID industry.
The India RFID market is segmented into product type, frequency, and application. By product type, the market is classified into tags, readers, and software & services. Depending on frequency, it is categorized into low frequency, high frequency, and ultra-high frequency. On the basis of application, it is fragmented into commercial, animal tracking, transportation, agriculture, security & access control, healthcare, retail, logistics & supply chain, and others.
The key players operating in the market include Alien Technology, LLC, Avery Dennison Corporation, Bar Code India Limited (BCI), Bartech Data Systems Pvt. Ltd, Bartronics India Limited, Honeywell International Inc., Identiv, Inc., Infotek Software & Systems Ltd. (i-TEK), NXP Semiconductors N.V., and Zebra Technologies Corporation.
KEY MARKET SEGMENTS
BY PRODUCT TYPE
- Tags
- Active Tags
- Passive Tags
- Readers
- Software & Services
BY FREQUENCY
- Low Frequency
- High Frequency
- Ultra-High Frequency
BY APPLICATION
- Commercial
- Animal Tracking
- Transportation
- Agriculture
- Security & Access Control
- Healthcare
- Retail
- Logistics & Supply Chain
- Others
Key Players
- Alien Technology, LLC
- Avery Dennison Corporation
- Bar Code India Limited (BCI)
- Bartech Data Systems Pvt. Ltd
- Bartronics India Limited
- Honeywell International Inc.
- Identiv, Inc.
- Infotek Software & Systems Ltd. (i-TEK)
- NXP Semiconductors N.V.
- Zebra Technologies Corporation
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Table of Contents
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 148 |
Published | September 2021 |
Forecast Period | 2020 - 2030 |
Estimated Market Value ( USD | $ 523.7 million |
Forecasted Market Value ( USD | $ 1864.5 million |
Compound Annual Growth Rate | 13.5% |
Regions Covered | India |