London, 10 December 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Sourcing of RFID Tags Market 2014-2018, which is expected to grow at a CAGR of 22.4 percent during the period 2013-2018.
The Global Sourcing of RFID Tags market has been witnessing moderate growth over the past few years as a result of the increase in the number of RFID applications emerging in several end-user segments such as Industrial, Transportation, Healthcare, and Retail.
“Currently, the major suppliers for RFID tags are increasingly pushing for adopting EPC Global as their regulatory framework during the manufacturing of the devices,” says Faisal Ghaus, Vice President of TechNavio.
“It is due to EPC Global is the standardization framework that is most likely to undergo international standardisation according to ISO rules.”
Key Market Drivers
- Supply Chain Inefficiencies
- Efficiency of RFID Asset Tracking Solutions
- Implementation of RFID Tags by Large Retailers
- RFID Application in Healthcare Industry
- RFID Technology Adoption in Aviation Baggage Safety Systems
Key Market Trends
- Adoption of GDS by Manufacturers and Retailers
- Global Adoption of EPC Global by RFID Suppliers
- RFID Procurement: Pricing Trend
Key Market Vendors
- Alien Technology Corp.
- Honeywell International Inc.
- Impinj Inc.
- NXP Semiconductors NV
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
