DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global and China RFID Industry Report, 2016-2020" report to their offering.
As the IoT industry booms, the global RFID market has grown rapidly, with the market size exceeding USD10 billion in 2015. And this figure is expected to surpass USD17 billion in 2020. At present, the global RFID industry is mainly concentrated in European and American markets, where RFID technology has more mature applications, accounting for nearly 70% of the global total in 2015. In contrast, China is at the stage of RFID exploration and has no mature standards and technologies, thus leading to lower market penetration. In future, with improvements in RFID standards, technical breakthroughs, lower tag costs, as well as the advancement of smart IoT industry, the Chinese RFID market is expected to grow at an annual rate of around 20% in 2016-2020.
The development of the RFID industry hinges on the consummation of the whole industry chain. As a link in the entire industry chain that produces the highest profit margin, RFID chips are mainly monopolized by foreign companies like Alien Technology, NXP, and Freescale. Currently, China has mastered HF RFID chip technology, but still has a bigger gap with foreign countries in UHF and higher-frequency RFID chips.
In terms of RFID tags, China has become the world's largest production base, representing roughly over 70% of the world's total. In 2015, China's RFID market size approached RMB3 billion, 90% of which came from passive RFID. Comparatively, however, active RFID boasts long-distance identification, big data transmission, low transmitting power, and excellent reliability and compatibility, among others.
Therefore, staring in 2004, active RFID market showed rapid growth, and a large number of enterprises such as Shanghai Super Ele&Tec, ZTE Intelligent IOT Technology, and Shenzhen Aerospace Innotech have already entered the market.
Key Topics Covered:
1. Overview of RFID
2. Global RFID Market
3. Chinese RFID Market
4. Main Market Segments
5. RFID Applications
6. Global RFID Vendors
7. Chinese RFID Players
8. Conclusion and Forecast
Companies Mentioned
- Aisino Corporation
- Alien Technology
- Arizon RFID Technology (Yangzhou)
- Awid
- BoingTech
- Century
- Golden Spring Internet of Things
- Honeywell
- IMPINJ
- Invengo
- MERITAG
- NXP Semiconductors
- PUSH Information& Automation (Chengdu)
- Quanray Electronics
- SATO
- Sense Technology
- Shanghai Inlay Link Inc
- ShengHua Electronics Technology
- Shenzhen Hyan Microelectronics
- Sinogistics
- Suzhou Digican Technology
- TatwahSmartech
- ThingMagic
- Transcore
- Winson RFID Technology (Beijing)
- Xiamen Innov Information Technology
- Xiamen Xindeco
- ZTE Intelligent IOT Technology (ZIT)
- Zebra Technologies
For more information about this report visit http://www.researchandmarkets.com/research/cd7j8d/global_and_china
