RFID: Technology, Applications, and Global Markets

LONDON, Jan. 25, 2017 /PRNewswire/ -- This BCC Research report addresses the need for an objective, quantitative analysis covering emerging RFID (radio frequency identification) technologies in the context of the overall RFID market. Market projections for each market segment are provided for 2016 to 2021.

Use this report to:
- Analyze the importance of the new technologies to the RFID industry as a whole.
- Evaluate the economic, business, regulatory, environmental, health and other macro issues raised by projected trends in the size and structure of the RFID market.
- Forecast future (2016 to 2021) sales of each technology, including new products and/or applications.
- Identify principal new RFID technologies and applications including those expected to be commercialized from 2016 to 2021.

Highlights
- The global market for RFID technologies should reach $38.0 billion by 2021 from $16.2 billion in 2016 at a compound annual growth rate (CAGR) of 18.6%, from 2016 to 2021.
- The tags, readers, and other hardware market should reach $27.5 billion by 2021 from $12.1 billion in 2016 at a CAGR of 17.9%, from 2016 to 2021.
- The software and integration services market should reach $10.5 billion by 2021 from $4.1 billion in 2016 at a CAGR of 20.6%, from 2016 to 2021.

INTRODUCTION
BACKGROUND
This report is an update of a BCC Research report that was published in 2014.

STUDY GOALS AND OBJECTIVES
This report addresses the need for an objective, quantitative analysis covering emerging RFID (radio frequency identification) technologies in the context of the overall RFID market. More specific objectives aim to:
- Identify principal new RFID technologies and applications including those expected to be commercialized within the 2016 to 2021timeframe.
- Quantify and analyze 2015 revenues for each new technology.
- Identify and evaluate the impact of economic, business, demographic, technological, legal/regulatory and other factors that will drive the future market for each of these new technologies.
- Forecast future (2016 to 2021) sales of each technology, including new products and/or applications.
- Analyze the importance of the new technologies to the RFID industry as a whole.
- Analyze the economic, business, regulatory, environmental, health and other macro issues raised by projected trends in the size and structure of the RFID market.

INTENDED AUDIENCE
The report has been written for the entire RFID interest community, including:
- Manufacturers, distributors and vendors of RFID equipment.
- RFID-oriented consultants and systems integrators.
- Regulatory, health, environmental and other government agencies concerned with RFID.
- Researchers.
- The financial and analyst community.

SCOPE OF REPORT
This report is an analytical business tool whose primary purpose is to describe and analyze the size and dynamics of the global market for RFID products and applications. Major sections of the report cover the following topics:
- Summary of findings and conclusions.
- Overview of the RFID industry.
- RFID technologies, applications and end users.
- Market size and segmentation in 2015.
- Market drivers and constraints.
- Detailed market projections by market segment, 2016 to 2021.
- Regulatory, environmental, and health issues
- Intellectual property (patent analysis)

INFORMATION SOURCES AND METHODOLOGY
The findings and conclusions of this report are based on information gathered from all types of participants in the RFID market, including manufacturers, distributors, end-users, consultants, and integrators. Interview data were combined with information gathered through an extensive review of secondary sources such as trade publications, trade associations, company literature, and online databases to produce the baseline market estimates contained in this report. With 2015 as a baseline, market projections for each market segment were developed for 2016 to 2021. The projections are based on a combination of a consensus among the primary contacts combined with BCC Research's understanding of the key market drivers and their impact from a historical and analytical perspective. The analytical methodologies used to generate the market estimates are described in detail, to enable the reader to evaluate their validity and substitute other assumptions and values, if desired.

All dollar projections presented in this report are in 2015 constant dollars.

ANALYST'S CREDENTIALS
Andrew McWilliams, the author of this report, is a partner at Boston-based international technology and marketing consulting firm 43rd Parallel LLC. He is also the author of numerous other BCC Research studies, including several that analyze various RFID products and applications, such SAS011C Global Markets for Mobile Positioning Technology: Commercial, Military, Homeland Defense; IFT057B Rapidly Growing Radio Frequency (RF) Technologies; IFT066A Printed Electronics: The Global Market; IAS024C The Global Market for Advanced Airport Technologies; and HLC066C Medical Automation Technologies, Products and Markets.
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