Home  •  Latest News  •  Submit Your News  •  Submit Your Site  •  Submit Your Event  •  Member Login     

Thursday, October 19, 2017
 
LocalNews Homepage
 
News
• Latest News
• Subscribe to News Feed
 
Create a Press Release
• Submit Your News
 
Events
• Local Event Calendar
• Submit Your Event
 
Websites
• Search Local Websites
• Submit Your Website
 
Help
• About LocalNews
• Why Submit?
• FAQs
• Contact Us
• TOS & Privacy
 
 
RFID Market expected to grow at a CAGR of 13.2% from 2017-2027
 
Release Date: 6/16/2017
 

Global RFID Market Analysis (2012&ndash2016) and Forecast (2017&ndash2027)


The global RFID market is expected to witness significant revenue growth during the forecast period. This growth is mainly driven by rising demand for RFID solutions in supply chain management, healthcare sector and the retail and consumer sector. The global RFID market is projected to register a CAGR of 13.2% in terms of value during the forecast period 2017 &ndash 2027. The global RFID market was valued at US$ 12.03 Bn in 2016 and is estimated to reach a market valuation in excess of US$ 47 Bn by 2027 end. The global RFID market is expected to represent incremental opportunity of US$ 30.80 Bn between 2017 and 2027.


RFID tags segment by component likely to create high incremental opportunity in the global RFID market


Revenue from the RFID tags segment in the global RFID market was US$ 3,646.2 Mn in 2016, representing a CAGR of 17% from 2012 to 2016. According to Future Market Insights forecast, revenue from the RFID tags segment in the global RFID market is anticipated to increase from more than US$ 4,200 Mn in 2017 to over US$ 16.3 Bn by 2027 end, representing a CAGR of 14.3% from 2017 to 2027. The RFID tags segment is expected to create incremental opportunity of US$ 12.05 Bn between 2017 and 2027. Revenue from the RFID readers segment in the global RFID market is anticipated to increase from more than US$ 5,500 Mn in 2017 to over US$ 18 Bn by 2027 end, representing a CAGR of 12.2% from 2017 to 2027. The RFID readers segment is expected to create incremental opportunity of US$ 12.3 Bn between 2017 and 2027.


Request For Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-656


 
Contact Information
E-Mail For More Information

 
Print RFID Market  expected to grow at a CAGR of 13.2% from 2017-2027  Print this Article
 
<< Back to Latest News

 
© 2017 localnews.biz.    All Rights Reserved.