According to the International organization for Standardization, a number of organizations have set standards for RFID. For instance, North America, the range of UHF can be used unlicensed up to 902–928 MHz (±13 MHz from the 915 MHz center frequency), however, it restricts exist for transmission power. In Europe, RFID and other low-power radio applications are regulated by ETSI recommendations EN 300 220 and EN 302 208, and ERO recommendation 70 03, allowing RFID operation with rather complex band restrictions from 865–868 MHz.
The article cited AMA's "Global RFID Chip Market Study" explored substantial growth of %. According to the report, Government Support and Initiatives for the Use of Radio Frequency Identification Technology Across
is one of the primary growth factors for the market. Rising Need for Efficient Supply Chain Management Globally
is also expected to contribute significantly to the RFID Chip market. Overall, Logistics Fields
applications of RFID Chip, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Operated Frequency, such as Low frequency (LF) RFID Chip, is boosting the RFID Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Technology Type, such as RF communications (Reader/Tag protocols), is boosting the RFID Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-User, such as BFSI, is boosting the RFID Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global RFID Chip market identified that the demand is rising in many different parts of the world as "Growing Demand from Emerging Economies
". Furthermore, some recent industry insights like "On April 2, 2019- Alien Technology, an industry leader in Radio Frequency Identification (RFID) Ultra High Frequency (UHF) products and services, has announced the first release of its next-generation of Higgs (Higgs-9 IC) RFID semiconductor integrated circuits. The new Higgs-9 enables enterprise-critical applications to run faster, smarter and with quicker ROI in RFID deployments" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global RFID Chip market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the RFID Chip market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall RFID Chip market size is calculated using market estimation process, the RFID Chip market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global RFID Chip market size has been validated using both top-down and bottom-up approaches.