Vehicle RFID Tag Market to grow by USD 1.89 billion from 2023 to 2028; market is fragmented due to the presence of prominent companies like Alien Technology LLC, ASSA ABLOY AB and Avery Dennison Corp., and many more - Technavio
NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The vehicle RFID tag market is estimated to grow by USD 1.89 billion from 2023 to 2028, growing at a CAGR of 13.92%. The vehicle RFID tag market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer vehicle RFID tag market are Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., Beontag Group, CAS DataLoggers, FEDRIGONI Spa, GAO Group Inc., Impinj Inc., Invengo Technology Pte. Ltd., Nedap NV, NXP Semiconductors NV, RFID Inc., SATO Holdings Corp., Shenzhen Hopeland Information Technologies Co. Ltd, SkyRFID LLC, Somfy Group, Star Systems International Ltd., TransCore, Xerafy Singapore Pte Ltd., and Zebra Technologies Corp. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
By Geography, the market is classified as APAC, North America, South America, Europe, and Middle East and Africa. APAC will have the largest share of the market, contributing 67% to the global market growth. Economies such as China, India, Indonesia, and Malaysia in the region witnessed a rise in the adoption of RFID tags owing to the introduction of the electronic toll collection system. The governments of APAC countries are continuously working to ease the toll payment process and increase their revenue. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Technavio Research experts have provided more insights on the market share of segments - View a Free Sample Report
The global RFID blood refrigerator and freezer market size is estimated to grow by USD 307.62 million at a CAGR of 16.82% between 2022 and 2027.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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