The RAIN RFID Alliance has released an expansive new industry report that covers trends by industry and application, as well as regional market trends are addressed. The RAIN RFID Market Research Report provides specific information on each component of the technology from 2019 to 2024, with sales/revenue numbers and CAGR.
This is the first time a Market Research Report has been sponsored by the industry alliance. The report is of primary importance to anyone involved in the RAIN RFID industry and marks our first collaboration with VDC Research, which had access to RAIN Alliance members worldwide.
Included in the report are initial market models pointing to a global RAIN RFID market of $1.3 billion in 2019, including finished tags/transponders, fixed readers, handheld readers and printer/encoders. The report also finds tag IC unit shipments reached 18.5 billion units in 2019 while finished tag/transponder units were 17.7 billion units, and reader shipments exceeded 262K units
. The report provides numbers through 2024, showing increasing tag IC units and reader shipments with CAGRs. Specific shipment numbers are available within the report.
Also are detailed exhibits with scenario-based forecasts and shipment growth by industry and application. The analysis includes regional shipments and revenue sorted by application and industry. Due to the criticality of rising market opportunities in 2020, the report also speaks to how the COVID-19 pandemic is having an impact on the near-term RAIN RFID market. The study reports that the fundamentals driving demand for RAIN RFID solutions will be as strong, if not stronger, post COVID-19. However, given the degree of near-term volatility, the report details three scenarios – best case, base case, and worst case – to support the analysis.
The Industries and Applications covered are:
- Healthcare Services
- Retail - Food & Groceries
- Retail - Non-Food
- Transportation Services
- Government/Public Sector
- Access Management & Parking
- Airline Baggage Handling
- Asset Tracking
- Inventory Management
- Loss Prevention
- WIP Tracking
- Medication Administration
- People/Patient Tracking
Click here to read/download the full report.