Global Vehicle RFID Tag Market 2018-2022: Market to Grow at a CAGR of 7% - Growing Popularity of RFID-Based License Plates

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Dec 18, 2018, 18:15 ET

DUBLIN, Dec. 18, 2018 /PRNewswire/ --

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.

Market Overview

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.

Competitive Landscape

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 LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 05: MARKET SIZING

Market definition
Market sizing 2017
Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 07: MARKET SEGMENTATION BY APPLICATION

Comparison by application
Passenger cars
Commercial vehicles
Market opportunity by application

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

Regional comparison
Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

PART 12: MARKET TRENDS

Growing 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 ANALYSIS

Vendors 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/znnd6p/global_vehicle?w=5

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