Global Vehicle RFID Tag Market 2018-2022: Integration of RFID Tags with FMS Gaining Momentum - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Global Vehicle RFID Tag Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The vehicle RFID tag market will register a CAGR of close to 7% by 2022.
The growing popularity of RFID-based license plates to push growth in the market. These electronic license plates can be used for tamper proof vehicle registration and identification, traffic management, and access control.
Economies like India, Indonesia, Thailand, and others are encouraging the integration of RFID tags in vehicle to make toll payments convenient. This increases the revenue from toll operations that can be used to enhance road infrastructure. Hence, RFID tags are crucial to increase revenue.
RFID tags are still a concern for vehicle security. The system uses RFID that is exchanged between the RFID tag in the vehicle and RFID receivers. RFID tags are prone to hacking for the extraction of vehicle identification number.
The market appears to be fragmented and with the presence of several companies including AVERY DENNISON and Confidex, the competitive environment is quite intense. Factors such as the rising growing popularity of RFID-based license plates and the increase in tax revenue, will provide considerable growth opportunities to vehicle RFID tag manufactures.
AVERY DENNISON, Confidex, Honeywell International, Syndicate RFID, Smartrac, and Tnnjes E.A.S.T. are some of the major companies covered in this report.
With the presence of a considerable number of companies, this market appears to be fragmented and with all companies constantly focusing improving their market positions, the competitive environment among the players is quite intense.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPEMarket ecosystem Market characteristics Market segmentation analysis
PART 05: MARKET SIZINGMarket definition Market sizing 2017 Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSISBargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition
PART 07: MARKET SEGMENTATION BY APPLICATIONComparison by application Passenger cars Commercial vehicles Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPERegional comparison Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDSGrowing popularity of RFID-based license plates Integration of RFID tags with fleet management systems (FMS) Development of headlight-placed RFID tags
PART 13: VENDOR LANDSCAPE
PART 14: VENDOR ANALYSISVendors covered Vendor classification Market positioning of vendors AVERY DENNISON Confidex Honeywell International Syndicate RFID Smartrac Tnnjes E.A.S.T.
For more information about this report visit https://www.researchandmarkets.com/research/zrfjvn/global_vehicle?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181218005783/en/
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SOURCE: Research and Markets
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PUB: 12/18/2018 02:15 PM/DISC: 12/18/2018 02:15 PM