DUBLIN--(BUSINESS WIRE)--Jul 10, 2018--The "Global RFID Market for Industrial Applications 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The analysts forecast the global RFID market for industrial applications to grow at a CAGR of 2.28% during the period 2018-2022.

Radio frequency identification (RFID) is an automatic wireless data capture technology. It uses radio waves to gather information from tags that are attached to objects for various purposes, such as tracking and automatic identification.

The report covers the present scenario and the growth prospects of the global RFID market for industrial applications for 2018-2022. To calculate the market size, the report considers the revenue generated from sales of RFID products across several industrial applications.

The latest trend gaining momentum in the market is the increasing demand for rugged industrial RFID scanners to enable quick and accurate data capture and entry services. These scanners are used across industries because of their portability feature..

One of the major drivers for this market is the growing importance of inventory management. Inventory management includes tracking, stockpiling, and ascertaining the inflow and outflow of raw materials and finished products. Many companies are using RFID systems for efficient inventory management as the mismanagement of inventory levels directly influences operational losses.

The report states that one of the major factors hindering the growth of this market is the high initial investments. High investments required for RFID devices and systems are expected to slow down their adoption rate during the forecast period.

Companies Mentioned

Alien Technology Honeywell Impinj Unitech Electronics Zebra

Key Topics Covered:

1: Executive Summary

2: Scope Of The Report

3: Research Methodology

4: Market Landscape

5: Market Sizing

6: Five Forces Analysis

7: Market Segmentation By Product

8: Customer Landscape

9: Market Segmentation By Application

10: Regional Landscape

11: Decision Framework

12: Drivers And Challenges

13: Market Trends

14: Vendor Landscape

15: Vendor Analysis

16: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/vxpm6n/global_rfid?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180710005406/en/

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Related Topics:RFID

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

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PUB: 07/10/2018 04:58 AM/DISC: 07/10/2018 04:58 AM

http://www.businesswire.com/news/home/20180710005406/en