Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global UHF RFID Inlays Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 13.2% during the review period (2022 to 2027).
The range of the ultra-high frequency (UHF) is between 300 MHz to 1 GHz. The radio frequency identification (RFID) system that operate in this particular frequency band is known as UHF RFID system. In order to provide an information about a person or an object RFID technology is used. UHF RFID inlays are small in size and consist an RFID microchip to store and process information along with an antenna in order to transmit and receive the signal attached to a material or substrate.
The market mainly driven by rising adoption of RFID technology across several end-use verticals worldwide. Increasing need for longer detection range observed as another prominent factor helping UHF RFID inlays market to witness robust growth. Inlays operates as a heart of passive RFID tags, hence witness high impact of passive RFID tags market growth. UHF RFID inlays and tags are used in retail applications owing to its small size, accuracy, and ability to track an object from long distance. The use of UHF RFID inlays helps retailers to track and identify various types of products easily, accurately, and in minimum time. These advantages offered by UHF RFID inlays helps retailers to improve efficiency in supply chain operation.Moreover, the use of UHF RFID inlays beneficial to improve customer service, inventory accuracy, and decrease in product losses, owing to this UHF RFID inlays are increasingly used for inventory management. As a result of these factors, UHF RFID inlays market is anticipated to show the prominent growth during forecast period. However, UHF RFID inlays do have few drawbacks such as when theses inlays are attached to animal tissues and object containing water, these inlays are difficult to read as water absorbs UHF waves.
2021: Avery Dennison Smartrac introduces ultra-small RAIN RFID inlays
Avery Dennison has launched its ultra-small Minidose U8 RAIN RFID inlays for pharma applications, the first products on the market to receive ARC certification (Spec S) from Auburn University’s RFID Lab, and to be approved for use by DoseID.
Top Key players in the UHF RFID Inlays Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global UHF RFID Inlays Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes SMARTRAC, XINDECO IOT, Invengo, Shang Yang RFID Technology, Avery Dennison, INLAYLINK, D & H SMARTID, Alien Technology, Junmp Technology, NETHOM, Identiv, Inc. (NasdaqCM:INVE), Sense Technology and others.
The UHF RFID inlays market highly driven by increasing demand from various end-use verticals including retail, financial services, healthcare, industrial, government and transportation & logistics among others for longer detection range. UHF RFID tags hold largest share in security systems market owing to higher flexibility and affordability it offers. Significantly increasing retail industry reported as one of the most promising factors proliferating the market demand for UHF RFID inlays worldwide.
UHF RFID Inlays Market is segmented based on the type, applications, companies and regions.
By Type, UHF RFID Inlays Market has been segmented into
The end user’s industry application on UHF RFID Inlays Market is,
In Asia-Pacific market, UHF RFID Inlays key players include SMARTRAC, XINDECO IOT, Invengo, Shang Yang RFID Technology, Avery Dennison Inc., etc. The top five manufacturers hold a share about 65%. China is the largest market, with a share about 50%, followed by Japan and Korea, total with a share about 15 percent. In terms of product, UHF Wet Inlay is the largest segment, with a share about 90%. And in terms of application, the largest application is Retail, followed by Asset Management/Inventory/Documents, Logistics.
North American RFID inlays manufacturers constantly improving the quality of RFID tags by introducing upcoming generations of UHF RFID inlays in the global market. The U.S. has recently launched 4th generation UHF RFID inlays thereby increasing the application scale for the passive tags. Technological improvements coupled with the increasing adoption rate are some of the prominent factors helping North America to lead global market.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 13.2% during the review period (2022 to 2027). |
By Type |
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By Application |
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By Companies | SMARTRAC, XINDECO IOT, Invengo, Shang Yang RFID Technology, Avery Dennison, INLAYLINK, D & H SMARTID, Alien Technology, Junmp Technology, NETHOM, Identiv, Sense Technology and others. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 118 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The UHF RFID Inlays Market is studied from 2017 - 2027.
What is the growth rate of UHF RFID Inlays Market?
The UHF RFID Inlays Market is growing at a CAGR of 13.2% over the next 5 years.
Who are the leading key players in UHF RFID Inlays Market?
SMARTRAC, XINDECO IOT, Invengo, Shang Yang RFID Technology, Avery Dennison, INLAYLINK, D & H SMARTID, Alien Technology, Junmp Technology, NETHOM, Identiv, Sense Technology and others.
What regions regions does this UHF RFID Inlays Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of UHF RFID Inlays Market?
UHF Dry Inlay, UHF Wet Inlay, Other
What are the significant Applications of UHF RFID Inlays Market?
Retail, Asset Management/Inventory/Documents, Logistics, Consumer Goods, Food & Beverage, Healthcare, Industrial, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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