Global RFID Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 08:08:01
The Global RFID market is to grow at a CAGR of 22.4 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for RFIDs in the Retail segment. The Global RFID market has also been witnessing the increased R&D spending by vendors. However, the high capital investment required could pose a challenge to the growth of this market.
In recent years, the vendors in the Global RFID market have been increasing their expenditure on the R&D of RFID semiconductors. Leading vendors such as Alien Technology, Honeywell, Impinj and NXP Semiconductors have all increased their investment in the R&D of RFID devices. Moreover, many vendors are partnering with software and hardware suppliers for to develop technologically advanced products. This focus on R&D has helped vendors introduce RFIDs that are increasingly cost-effective as well as effective. Thus, the improved accuracy and reduced prices of RFID devices are leading to increased adoption among several major end-users in the market.
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