COVID-19 Impacts: Vehicle RFID Tag Market will Accelerate at a CAGR of about 7% through 2020-2024|Use of RFID Tag to resolve Parking-Related Issues to Boost Growth| Technavio
Technavio has been monitoring the vehicle RFID tag (News - Alert) market and it is poised to grow by 26.32 million units during 2020-2024, progressing at a CAGR of about 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Vehicle RFID Tag Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Avery Dennison Inc., Confidex Ltd., GAO Group Inc., Honeywell International Inc., Infotek Software & Systems (P) Ltd., Omnia Technologies Pvt. Ltd., Paragon Group Ltd., RAMP, SIVA Group, and Smartrac NV are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The use of RFID tags to resolve parking-related issues has been instrumental in driving the growth of the market.
Vehicle RFID Tag Market 2020-2024: Segmentation
Vehicle RFID Tag Market is segmented as below:
Vehicle RFID Tag Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our vehicle RFID tag market report covers the following areas:
This study identifies the integration of RFID tags with fleet management systems (FMS) as one of the prime reasons driving the vehicle RFID tag market growth during the next few years.
Vehicle RFID Tag Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the vehicle RFID tag market, including some of the vendors such as Avery Dennison Inc., Confidex Ltd., GAO Group Inc., Honeywell International Inc., Infotek Software & Systems (P) Ltd., Omnia Technologies Pvt. Ltd., Paragon Group Ltd., RAMP, SIVA Group, and Smartrac NV. Backed with competitive intelligence and benchmarking, our research reports on the vehicle RFID tag market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Vehicle RFID Tag Market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Application
Drivers, Challenges, and Trends
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