The Global U.S. RFID Tags Market Growth Accelerated By Integrated Solutions

U.S. RFID Tags Market
 

 Radio frequency identification (RFID) tags have become an important part of supply chain and logistics management due to advantages such as non-line-of-sight identification, large data storage capacity, and real-time tracking of goods. RFID tags can store product/object details like serial numbers, dates of manufacture, expiration, and prices to facilitate inventory management.

The global U.S. RFID Tags Market is estimated to be valued at US$ 1022 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Integrated solutions with proximity sensors, GPS capabilities, and data analytics platforms have emerged as a key trend in the U.S. RFID tags market. RFID tags integrated with sensors allow recording of temperature, location, and other environmental data of goods during transit. Pairing tags with GPS provides real-time tracking of shipments. Analyzing tag data with business intelligence tools helps optimize supply chain operations, detect anomalies, and prevent theft. This integration of technologies is driving faster adoption of RFID systems for advanced supply chain management and logistics.


Segment Analysis
The US RFID tags market is dominated by the passive RFID tags segment, which is expected to account for over 90% share of the overall market through 2024. Passive RFID tags do not have an internal power source like active tags, and instead receive power from the reader's interrogating radio waves in order to transmit their signal back to the reader. As passive RFID tags have a longer lifespan compared to active tags and do not require batteries, they are more cost-effective and suitable for a wide variety of applications like Supply chain management and retail item tagging.

Key Takeaways
The global U.S. RFID tags market analysis is expected to witness high growth. The global U.S. RFID Tags Market is estimated to be valued at US$ 1022 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 to 2031.

The Western region is currently the largest and fastest growing regional market for RFID tags in the U.S.. This is attributed to high demand from industries such as healthcare, automotive, and transportation & logistics. States like California, Texas and Washington are major revenue generators. Rising focus on supply chain optimization, asset management and infrastructure development will continue to drive market revenues in the region over the forecast period.

Key players

operating in the U.S. RFID tags market are RF Code Inc., HID The U.S. Corporation, AMS AG, Omni- ID Ltd., Impinj Inc., NXP Semiconductors N.V. RF Code Inc., HID The U.S. Corporation and Impinj Inc. collectively command over 60% market share in the country. To maintain leading position, they are focusing on expanding their product portfolios and offering technologically advanced passive, active and hybrid RFID tags.

Get more insights on this topic: https://www.ukwebwire.com/u-s-rfid-tags-market-industry-insightstrendsu-s-rfid-tags-market/

Explore more information on this topic, Please visit: https://masstamilan.tv/data-governance-ensuring-trust-and-security-in-the-digital-era/

 




Comments

Post a Comment

Popular posts from this blog

The Global Coffee Market Growth Accelerated By Demand From Millennials And Gen Z Population

Image
  Coffee Market  Coffee is a popular beverage consumed worldwide for its stimulant properties and unique flavor. Coffee beans contain caffeine that stimulates the central nervous system and increases energy levels. Major products in the coffee market include whole coffee beans, ground coffee, coffee pods, instant coffee, and canned or bottled coffee. Coffee promotes mental clarity and alertness and offers antioxidant and anti-inflammatory benefits. The global coffee market is estimated to be valued at US$ 132.99 billion in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand for coffee from the millennial and Gen Z population is one of the key trends driving the growth of the global coffee market. Millennials and Gen Z are the primary consumers and account for over 50% of total coffee consumption globally. These younger demographics v...
Read more

The Global Ammonium Nitrate Market Growth Accelerated By Rising Demand From Agriculture Industry

Image
Ammonium Nitrate Market   Ammonium nitrate is an extensively used fertilizer, which is inexpensive and highly effective. It contains nitrogen, a major nutrient needed for plant growth and development. It provides plants with a continuous and balanced supply of nitrogen which helps in increasing crop yields. The ammonium nitrate market is driven by the growing agriculture sector across the globe. The increasing global population has accelerated the demand for food, resulting in high usage of for boosting agricultural production. The global ammonium nitrate market is estimated to be valued at US$ 21.18 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing demand from agriculture is one of the major trends fueling the growth of the ammonium nitrate market. Agriculture accounts for over 80% of the ammonium nitrate consumption globally....
Read more

Combined Heat And Power (CHP) Market Growth Accelerated By Increased Adoption Of Decentralized Power Systems

Image
Combined Heat And Power (CHP) Market    Combined heat and power (CHP) systems, also known as cogeneration, are highly efficient systems that generate electricity or mechanical power and capture the heat that would normally be wasted. CHP systems provide numerous advantages such as increased energy efficiency, reduced carbon footprint, and energy cost savings. As energy demands grow globally and concerns over climate change increase, there is a growing emphasis on transitioning to more sustainable and efficient sources of power. The global combined heat and power (CHP) market is estimated to be valued at US$ 31.09 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased adoption of decentralized power systems is expected to accelerate the growth of the CHP market over the next few years. Decentralized CHP systems are modular in nature and can ...
Read more