Market Scope
The use of advanced technology for management of livestock and their transport can drive the demand for Active RFID Tag. Livestock farming among farmers and the unmet demands of protein among health enthusiasts and gym rats can drive the market demand exponentially.
Competitive Outlook
Alien Technology, HID Global Corporation, Tageos, Honeywell International Inc., Impinj, Inc., CoreRFID Ltd, Omni-ID Ltd, GAO RFID Inc., Smartrac N.V., Invengo Information Technology Co. Ltd, Atmel Corporation, NXP Semiconductors N.V., RF Code Inc., Confidex Ltd, and The Tag Factory are key players of the global Active RFID Tag market.
Segmentation
The global Active RFID Tag market has been segmented by type and application.
The use of Active RFID Tag in the healthcare sector is swelling rapidly owing to the use of active tags for monitoring and tracking patients in old-age and retirement homes. Surgery asset management, parking, and medication authentication and control are other applications which can drive the demand for Active RFID Tag in the healthcare sector. The global Active RFID Tag market can find lucrative opportunities in the sector due to efforts of lowering identity fraud and claims mismanagement.
Regional Analysis
On the basis of the regions, the global Active RFID Tag market has been segmented into Asia Pacific (APAC), North America, Europe, and Rest-of-the-World (RoW).
North America currently dominates the global Active RFID Tag market. Increasing government initiatives for the adoption of Active RFID Tag for security purposes and its advantage over bar codes can fuel its demand in the region. In addition, the high growth in the retail industry in North America region is also the factor driving the growth of the market. Furthermore, presence of major Active RFID Tag manufacturers such as Alien Technology and HID Global Corporation can also influence the market.
APAC is anticipated to grow at the highest CAGR during the forecast period. The remarkable growth in the packaging sector in the region is the main factor driving the growth of the market. Rising industrial expansion, the swelling urban population in developing countries, and use of logistic firms can provide further boost the market. India, China, Japan, Indonesia, and Thailand are the key contributor to Asia Pacific market. China accounts for the largest share of the region mainly due to fast growth in the urbanization and industrial development.
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