UHF RFID (RAIN) Market to reach US$ 5,588.33 Million by 2027 to grow at a CAGR of 13.8%
iCrowd Newswire
06 May 2021, 10:08 GMT+10
Radio frequency identification (RFID) systems that operate in the UHF frequency spectrum are termed UHF RFID systems. The term RAIN originates from RAdio frequency Identification, which acts as a nod to the link between UHF RFID and the cloud. Several hardware components such as tags and readers are integrated within this technology.
Growing complexities in supply chains-due to outsourcing, internationalization, and e-retailing-are leading to mitigation of control over various activities, which has led to vulnerabilities in these supply chains. Counterfeiting is a widespread issue that impacts various businesses. At present, the issue is limited to luxury products and goods such as beauty products and apparel. For instance, in March 2020, in Malaysia, ~600 cases of online sales of counterfeit surgical masks were reported.
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The report analyzes the asset tracking market by asset value including low, medium, and high-value assets. The report provides analysis and forecasts by technology, components, infrastructure, solutions and much more. This includes analysis and forecasts for asset tracking globally, regionally, and by major country from 2021 through 2026.
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Global UHF RFID Market Forecast to 2027 - COVID-19 Impact and Analysis
March 08, 2021 06:13 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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According to this report the global UHF RFID market was valued at US$ 2,011.70 million in 2019 and is projected to reach US$ 5,588.33 million by 2027; it is expected to grow at a CAGR of 13.8% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.
Growing complexities in supply chains - due to outsourcing, internationalization, and e-retailing - are leading to mitigation of control over various activities, which has led to vulnerabilities in these supply chains. Counterfeiting is a widespread issue that impacts various businesses. At present, the issue is limited to luxury products and goods such as beauty products and apparel. For instance, in Marc
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ResearchAndMarkets.com s offering.
According to this report the global UHF RFID market was valued at US$ 2,011.70 million in 2019 and is projected to reach US$ 5,588.33 million by 2027; it is expected to grow at a CAGR of 13.8% from 2020 to 2027. The report highlights key factors driving the market growth and prominent players with their developments in the market.
Growing complexities in supply chains - due to outsourcing, internationalization, and e-retailing - are leading to mitigation of control over various activities, which has led to vulnerabilities in these supply chains. Counterfeiting is a widespread issue that impacts various businesses. At present, the issue is limited to luxury products and goods such as beauty products and apparel. For instance, in March 2020, in Malaysia, ~600 cases of online sales of counterfeit surgical masks were reported. Further, Louis Vuitton, the French handbag designer company, has been a favorite targe