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The Passive RFID market is a subset of the larger RFID market, which is a technology that uses radio waves to identify and track objects. Passive RFID tags are powered by the radio waves emitted by the reader, and do not require a battery or other power source. This makes them more cost-effective and easier to use than active RFID tags. Passive RFID tags are used in a variety of applications, including asset tracking, inventory management, and access control.
The Passive RFID market is growing rapidly, driven by the increasing demand for cost-effective and reliable tracking solutions. The technology is also becoming more widely adopted in a variety of industries, such as retail, healthcare, and manufacturing.
Some of the major players in the Passive RFID market include Impinj, Alien Technology, NXP Semiconductors, and Avery Dennison. Show Less Read more