New ARC Advisory Group research on the Radio Frequency Identification Device (RFID) market reveals that the main factor driving this market is the adoption of IIoT/Industrie 4.0. Additional drivers are the use in process industries for asset management and new applications being designed by suppliers and OEMs. With the rise of digital services, such as predictive maintenance, remote support, etc., RFID will increasingly be used in maintenance applications.
“Most critical for RFID can be lifecycle costs and it is important to keep this in mind. The tag prices are more critical than prices for readers and setting up the infrastructure. Other lifecycle costs are software maintenance (especially when it comes to ERP integration), which can easily outrun hardware costs,” according to Florian Güldner, Director of Research, ARC Advisory Group Europe, and key author of ARC’s RFID in Manufacturing Global Market Research report.
“Another market trend which has the potential to impact the market in the long run is the use of RFID tags for sensing purpose. Here RFID tags are used to sense distance, pressure, or humidity,” Güldner added.
About the RFID in Manufacturing Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the RFID in manufacturing market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, machinery segmentation, revenue category, hardware type, application, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.