Companies using RFID in the supply chain
Winning in the supply chain means increasing efficiency, improving quality, warehouse management, reducing errors.
It’s a good way for anti-fake.
Electronic seals for containers, for example, RFID seals like your monitor keeps eyes on your container.
With an RFID laundry management system, operations can track which uniforms were assigned to specific employees, the age of uniforms, the number of times washed, and identify missing uniforms.
Metal asset tracking managed by RFID anti-metal tag, make everything in order.
Market HighlightsAmong the vertical segments – consumer elctronics, automotive, government and defense, and others; the market for consumer electronics segment is expected to have highest market share throughout the forecast period.
The concept of autonomous vehicles, such as smart cars, connected cars and driverless cars is gaining ground and thus, the application of RFIC is expected to grow in the future.
The automotive segment is expected to grow with the highest CAGR.Key PlayersThe key players in the Radio Frequency Integrated Circuit market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise.
Some of them are— Qualcomm Technologies Inc. (US), Cree, Inc. (US), Silicon Laboratories (US), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), Qorvo, Inc. (US), OctoTech Inc. (US), Peak RF (UK), Skyworks Solutions Inc. (US), Analog Devices, Inc. (US), NXP Semiconductors (US), Broadcom Inc. (US).
These include Samsung Electronics Co (South Korea), Renesas Electronics Corporation (Japan), Kangxi Communication Technology Co. Ltd. (China) and others.Regional AnalysisThe global RFIC market is expected to grow at a CAGR of 10.4% during the forecast period.
The geographical analysis of RFIC market is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America).North America holds the largest market share and is expected to continue this dominance during the forecast period.
Radio frequency integrated circuits are the elementary units for components that enable long-range connectivity such as LTE networks and short-range connectivity such as Bluetooth and Wi-Fi in computing devices.
Radio frequency integrated circuits are predominantly used in devices that perform functions that include amplification, frequency conversion and signal filtering.The increasing demand for optical, wireless, and other high frequency consumer electronic products has fuelled the growth of the global RF integrated circuits (RFIC) market in the recent years.
The advancement in IC fabrication technology has boosted the cost and performance of RF integrated circuits in consumer electronics.Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124773/Radio-Frequency-Integrated-Circuit-(RFIC)-MarketIn this report, segmented the global radio frequency integrated circuit market on the basis of product type, vertical and region.
The transceivers sub-segment is surging the growth of global radio frequency integrated circuit market because high-speed serial transceivers form the backbone of networks.
Communications, servers and many other electronic systems depend upon high-speed serial transceivers.
Moreover, the global adoption of the Internet is rapidly driving the usage of advanced radio frequency integrated circuits.Based on vertical, the radio frequency integrated circuit market is sub-segmented into consumer electronics, telecommunication, media & broadcasting, automotive, government and others.
The global RFID (Radio Frequency Identification) Technology Market estimated to touch US$ 40.5 billion by the completion of the prediction period.
The RFID technology likely to observe a stable development in the approaching years.
It credited to the growing demand for tracing, following, and observing substances and beings for safety, security, and optimization of source.
The Radio Frequency Identification Technology industry on the source of Type of Application could span Transport & Logistics, Industrialized, Financial Services, Government, Healthcare, Retail, and Others.The subdivision of Retail is the biggest adopter of RFID tags.
The subdivision of Healthcare too expected to show an important acceptance of the expertise.Download Free Sample Report @ https://www.millioninsights.com/industry-reports/radio-frequency-identification-rfid-technology-market/request-sampleThe Radio Frequency Identification (RFID) Technology market on the source of Type of Frequency could span Ultra-High frequency, High Frequency, Low Frequency.
The RFID (Radio Frequency Identification) Technology industry with respect to Trades in terms of intake, Profits, Market stake and Development percentage could span North America [U.S.A, Canada and Mexico], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East and Africa.By the source of geography, North America grasps the biggest stake of market in the world.