RFID Inlays Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

RFID inlays are smart labels comprising chip and antenna which are bonded on a polyethylene terephthalate (PET) layer. In the overall RFID system, the RFID inlays act as the component which stores information regarding the product or component to which they are attached. The RFID inlay manufacturers offer various types of inlays ranging from dry inlays which can be incorporated into a label or wet inlays with adhesives which can be directly applied onto a product as a sticker. Thereby, end-users can choose between wet and dry inlays as per their specific requirements.

The RFID inlays operate primarily in three frequencies namely, ultra high frequency (UHF), high frequency (HF), and near field communication (NFC). Each of these technologies have their particular benefits and are suitable for a varied array of applications. For instance, UHF inlays offer a longer read distance making them apt for applications such as long range tracking, inventory management and logistics. The HF inlays offer a shorter read distance as compared to the UHF inlays and are suitable for applications where smaller quantity of items are needed to be scanned and identified. The NFC inlays operate in the same frequency as the HF inlays however, unlike HF inlays, NFC inlays can communicate with each other resulting in peer to peer communication. Thereby, NFC inlays have found numerous innovative applications such as mobile payments, interactive advertisement and promotions. The deployment of RFID inlays has offered immense benefits for end-use industries including apparel and retail; pharmaceutical and healthcare; transportation and logistics; industrial manufacturing; automotive; personnel identification and others (cosmetics, jewelry, library, media, documents, files, etc.).

The report titled Global RFID Inlays Market- Growth, Future Prospects and Competitive Analysis, 2022 - 2030 offers strategic insights into the global RFID inlays market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on technology, type, end-use industry and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of RFID inlays, market positioning and key developments. Some of the major players profiled in the report are Avery Dennison, SHANGHAI RFIDHY TECH. CO., LTD., ZHANFENG SMART CARD CO., LTD., Invengo Technology Pte. Ltd., Alien Technology LLC, SMARTRAC N.V., CAEN RFID S.r.l., Confidex Ltd., SkyRFID Inc., Identiv, Inc. and HID Global Corporation.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the RFID industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2020 - 2021)

Overall, the research study provides a holistic view of the global RFID inlays market, offering market size and estimates for the period from 2022 to 2030, keeping in mind the above-mentioned factors.
On the basis of end-use industry, the global RFID inlays market was led by the apparel and retail segment in 2020. In the recent years, the industry has witnessed a growing demand from various retailers and merchandise outlets for effective and affordable solutions to ensure better inventory management. As a result, companies in the apparel and retail industry have been incorporating RFID inlays onto their products before shipment.

Other leading end-use industry contributor to the overall RFID inlays market included personnel identification. Numerous government initiatives and national identification programs have led to the increasing adoption of HF inlays into personal credentials. With growing applications across numerous other end-use industries such as transportation and logistics, manufacturing and automotive, among others, the overall market for RFID inlays is expected to grow at a significant rate during the forecast period from 2022 to 2030.

In 2020, Asia Pacific held the largest share in the overall RFID inlays market accounting for over one third of the global market in terms of revenue. Increasing manufacturing capacity in various production and automotive sectors coupled with increasing adoption of advanced technologies have resulted in the higher demand for RFID inlays in the region. Furthermore, various government programs aimed towards personnel identification in countries such as China, India, Singapore, Malaysia and Japan are expected to further drive the demand for RFID inlays in Asia Pacific.

North America and Europe followed the Asia Pacific region in the global RFID inlays market in terms of revenue in 2020. Some of the major factors driving the demand for RFID inlays in the North America and Europe regions include rising demand for applications in personnel identification, retail, pharmaceutical and healthcare industries.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of RFID Inlays market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the RFID Inlays market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Technology

• Ultra High Frequency (UHF)
• High Frequency (HF)
• Near Field Communication (NFC)

Type

• Wet Inlays
• Dry Inlays

End-use

• Apparel and Retail
• Pharmaceutical and Healthcare
• Transportation and Logistics
• Industrial Manufacturing
• Automotive
• Personnel Identification
• Others (Cosmetics, Jewelry, Library, Media, Documents, Files, etc.)

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of RFID Inlays market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the RFID Inlays market?
• Which is the largest regional market for RFID Inlays market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving RFID Inlays market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the RFID Inlays market worldwide?

This product will be delivered within 2 business days.