Industrial segment is expected to dominate the market with a market share of 38.73% whereas consumer package goods is growing at the highest CAGR of 19.2% in the forecast period of 2019 to 2026.
Market Trends Asia-Pacific RFID market is segmented into two notable segments such as product and end user.
- On the basis of product, the Asia-Pacific RFID market is segmented into tags, readers, software. Tags are further sub segmented into product type, type, frequency, application, form factor, material. Product type is further categorized into inlay tag, composite tag, ceramic tag. Type is further categorized into active tag, passive tag. Frequency is further categorized into low frequency, high frequency, ultra-high frequency, others. Application is further categorized into retail, asset management, logistics, airlines, healthcare, people management, embedded systems, access control/ ticketing, others. Form Factor is further categorized into label, card, plastic mouldings, wristband, buttons, key fob, implant, badges, others. Material is further categorized into plastic, paper, metal, glass, others. In 2019, tags segment is expected to dominate the market with a market share of 58.79% and also growing at the highest CAGR of 17.5% in the forecast period of 2019 to 2026.
Major Players: Asia-Pacific RFID Market
Some of the major players operating in this market are Alien Technology, LLC, CCL Industries, Impinj, Inc., Invengo Technology Pte. Ltd , Nedap, AVERY DENNISON CORPORATION, Confidex Ltd, Omni-ID, HID Global Corporation, HONEYWELL INTERNATIONAL INC, ZEBRA, Checkpoint, NXP Semiconductors, Securitag Assembly Group Co., LTD and others.
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RFID tags usage in animals has been considered as one of the oldest method use in the rough terrain and large ranges, especially in the outbreak of mad cow disease. Mad cow disease means an animal disease which can be transferred to human if they eat the infected part of the flesh of that animal. RFID tags are important in animal industry to manage exotic and endangered animals for preserves. Tagging of animals in livestock industry helps the farmers to identify animals with respect to its pedigree and medical information. According to the Canadian cattle identification agency, barcode tags have been replaced by the usage of RFID tags. In Australia, RFID are being used in order to sell cattle and in some places, goats and sheep as well. The government enforcing the usage of RIFD technology in livestock industry is fueling the growth of the market.
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