Insights on the UHF RFID Global Market to 2027 -by Component, Application and Geography
DUBLIN, March 5, 2021 /PRNewswire/ -- The "UHF RFID Market Forecast to 2027 - COVID-19 Impact and Global Analysis By Component and Application" report has been added to 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.
Moreover, sports giants such as Reebok and Adidas are taking on the ever-growing number of counterfeits. They filed the trademark suit in federal court against ~50 online sellers for selling, promoting, and counterfeit products. Thus, Reebok and Adidas are seeking US$ 2 million from each of the defendants for every counterfeit trademark used. The cases of counterfeits are gradually decreasing with the introduction of UHF RFID technology, as it makes copying or faking the trademark difficult and delivers a multi-layered defense against attacks on supply chain. With this technology, one can identify an individual item, determine its location, and review its chain of custody. Gathering this data makes it easier to handle the supply chain and identify counterfeits. CAEN RFID S.R.L; Convergence Systems Limited; Impinj, Inc.; Invengo Technology PTE. LTD.; Jadak; Lowry Solutions Inc.; Murata Manufacturing Co., Ltd.; NXP Semiconductors; SAG; and Walki Group OY are among the key players profiled in the report during this market study.
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