TechNavio recognizes the following companies as the key players in the Global RFID Semiconductor Market in the Apparel Industry: NXP Semiconductors, Impinj Inc., Alien Technology Corp., and EM Microelectronic-Marin SA.
Commenting on the report, an analyst from TechNavio’s team said: “In recent years, the vendors in the Global RFID Semiconductor market in the Apparel industry are increasing their R&D spending on RFID semiconductors. Leading vendors such as NXP Semiconductors, Impinj, Alien Technology, and EM Microelectronics have increased their investment in the R&D of RFID semiconductors. Moreover, they are partnering with software and hardware suppliers and value-added resellers for making significant investments in R&D. Further, the focus on R&D is helping vendors to introduce RFIDs that are inexpensive and more effective. Thus, high accuracy, lower price, and better integration ability is leading to the faster adoption of RFID solutions among major end-users in the market.”
According to the report, one of the major drivers in this market is the mandates made by major retail giants that require their suppliers to use RFID devices. Most of the retail giants such as Wal-Mart have instructed their suppliers to use RFID tags on every pallet that they supply.
Further, the report states that one of the major challenges in this market is the requirement for high initial investment for the deployment of RFIDs. The high cost is a major barrier that prevents the adoption of RFIDs by small and medium sized apparel retailers globally.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-rfid-semiconductor-market-apparel…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global RFID Semiconductor Market in the Apparel Industry 2012-2016
