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According to ARC Advisory Group’s research on the industrial RFID marketplace, digitalization of manufacturing processes and the need for transparency continues to drive RFID adoption in manufacturing. Digitalization is driving the growth of RFID technology for asset data collection used in services like predictive maintenance and remote support. Devices are becoming intelligent, bringing data and communications to a new level. Industry 4.0 focuses on increasing flexibility in manufacturing. Smart factory technology will leverage RFID in realizing digital goals. The pandemic played a big role, especially in sensing and identification areas. The sudden disruptions in manufacturing made manufacturers realize that they needed accurate visibility into their inventory. Many manufacturers realized that having visibility of inventory (parts, tools, operations, etc.) both within their enterprises and supply chains was far more critical than at any other point in the past.
In addition to providing a five-year market forecast, the RFID in Manufacturing Market Report provides detailed quantitative current market data and addresses key strategic issues as follows.
Use existing and accepted standards to lower long-run maintenance costs. Also, be aware of industry initiatives and semantic standards. Several industry associations are working to develop and harmonize semantic standards for RFID technology.
RFID is most suited for processes that are complex and where transparency is key to maintaining quality and lowering costs. High complexity means short product lifecycle, high variances, and high number of inputs.
Skipping the control layer with RFID is possible using either dedicated UHF readers or small box PCs. This means that you can directly create the transparency in the cloud. While PLCs have the capability to process data and control separate CPU cores, this is not the case for legacy products. The advent of 5G wireless technology will simplify cloud integration.
The ability to scale up is important. More data and more transparency typically trigger additional ideas of what can be done. It is also important to test the RFID application in the actual environment before large-scale deployment.
This market study may be purchased as an Excel Workbook and/or as a PDF File. The Workbook has some unique features such as the ability to view data in local currency. Regional studies include country and industry market data. Country studies include market trends and industry data. Studies and formats available are listed below:
MIRA Workbook | PDF File | |
Worldwide (includes regional data) | Yes | Yes |
North America (includes country data) | Yes | No |
Latin America (includes country data) | Yes | No |
Europe, Middle East, Africa (includes country data) | Yes | No |
Asia (includes country data) | Yes | No |
Annual Subscription | Yes | Yes |
Countries included in each region.
Table of contents for these studies is shown in the following paragraphs.
The research identifies all relevant suppliers serving this market.
List of countries & currencies included in each region: MIRA-Country
For more information or to purchase the RFID in Manufacturing Market Research study, please contact us.