This research report presents market forecast for the application of RFIDs in the retail sector. Market segmentation by tags, interrogators, middleware. Market shares for the leading region include APAC, Americas, and EMEA. The leading vendors analyzed by tis report include Alien Technology, Avery Dennison, Checkpoint Systems, Impinj, Smartrac, and Tyco.
Technavio’s market research analysts estimate the global RFID market for retail applications to generate revenue worth US $4 billion between 2015 and 2019. RFID systems are increasingly used retail processes owing to their cost and performance benefits throughout the supply chain of retail operations. The Americas region dominates the global RFID market for retail applications, and constitutes close to 51% of the total revenue contribution to this market. It is estimated to grow further owing to the long-term growth prospects arising out of the Latin America region.
The new market research report from Technavio provides a breakdown and analysis of the RFID segments by technology.
“Of late, the UHF RFID tags have gained significance in the retail applications, owing to their ability to transfer data at a faster rate. These tags achieve higher inventory accuracy and minimise the stock outs considerably, thereby improving the sales. As these tags can read from long distances, they have found wide usage in item-level tagging. Wal-Mart and Gillette are extensively using these UHF RFID tags because of the various associated cost benefits of these tags,” says Navin Rajendra, Lead Analyst, Semiconductor, Technavio Research.
Growing inclination towards omni-channel retailing has increased the demand for highly advanced RFID devices. Consequently, the market vendors are integrating the RFID devices with Wi-Fi and RTLS. These advanced technologies help retailers to develop efficient inventory management systems, by providing the accurate information about the movement of goods through their supply chain.
The key players in the global RFID market for retail applications include Alien Technology, Avery Dennison, Checkpoint Systems, Impinj, Smartrac, and Tyco. Currently, technically advanced RFID semiconductor devices are being developed by the leading market players. With Wi-Fi and real-time locating systems (RTLS), these companies are coming up with advanced and customized features keeping in mind the specific needs of customers.
A more detailed analysis is available in the Technavio report, Global RFID Market for Retail Applications 2015-2019.
We can customize reports by other regions and specific segments upon request.
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