Radio frequency identification (RFID) is one of the fastest developing technology that provides wireless identification and tracking capability. The continuous improvement in network infrastructure has compelled retailers to use e-commerce and m-commerce to increase their reach and revolutionize their customer’s shopping experience.
Retailers consistently require real-time information about the products/goods inbound to customers. RFID antenna helps to increase inventory visibility and provides accurate information about the movement of goods through the supply chain. Furthermore, the rise in use of RFID antennas and systems by various companies to implement intelligent distributed order management systems and also facilitates accurate inventory tracking is one of the major factors which is fuelling the growth of the market.
Global RFID Antenna Market: Competition Landscape
The prominent players in RFID antenna market are:
- Zebra Technologies Corporation,
- GAO RFID Inc.,
- Impinj, Inc.,
- Alien Technology,
- Confidex Ltd.,
- Honeywell International, Inc.,
- Invengo Information Technology Co., Ltd.,
- NXP Semiconductors N.V., and
- HID Global Corporation.
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Global RFID Antenna Market: Drivers and Challenges
The increase in Omni-channel retailing is the primary factor which is driving the growth of the RFID antenna market. Moreover, the rising need for efficient supply chain management is expected to support the growth of the RFID antenna market during the forecast period. Furthermore, in the healthcare sector, the focus on RFID technology for tracking and classification of medical instruments is rising, and this is expected to drive the demand for RFID antenna.
Also, the increasing number of supply chain and retail companies in various countries is leading to the increasing demand for RFID antennas. These RFID antennas are deployed by companies as a part of security technology to prevent the risk of theft and loss. Companies are increasingly adopting automated item identification systems for supply chain management for improving inventory allocation efficiencies. Thus, due to these factors, the RFID antenna market is growing at a rapid pace.
The high cost of RFID systems as compared to barcode systems is primary factor which may hinder the growth of the RFID antenna market in the near future. Moreover, the lack of standardization is also one of the major factors which hampers the growth of RFID antenna in near future.
Apart from this, the lack of compatibility of RFID systems with existing technology is also restraining the growth of RFID antenna market. Also, RFID tags use the concept of radio frequency, which can be interfered with other ranges of this frequency of products, and can lead to inaccurate readings.
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Global RFID Antenna Market: Segmentation
Segmentation of RFID Antenna market on the basis of working type:
- Active RFID antenna
- Passive RFID antenna
Segmentation of RFID Antenna market on the basis of application:
- Logistic & Transportation
- Retail & Consumer Goods
- Healthcare & Medical
- Agriculture, Farming & Livestock
- Aerospace & Defense
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