Global RFID Market  - Key Highlights (2021 - 2026)

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• What Are The Different Types Of RFID Tags?

Radio Frequency Identification (RFID) primarily refers to a wireless system comprising of two major components that include tags and readers. The RFID reader is basically a device comprising one or more antennas that emits radio waves and receive signals back from the RFID tags. The RFID labels, which make use of radio waves to communicate their identity and other crucial information to the nearby readers, can be divided to passive tags or active type tags.

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• What Is The Difference Between Passive And Active RFID Tags？

The passive RFID tags are majorly powered by the readers and without any battery. However, the active type RFID tags are powered by batteries. These RFID tags can store a wide range of information, right from one serial number to several pages of crucial data. The RFID readers are offered in a mobile form factor so that they can be carried by hand or can either be mounted on a post or overhead.

• What Are Applications Of RFID?

One of the most common usages of RFID technology has been tracking goods in the supply chain, tracking parts moving to a manufacturing production line, tracing assets, security, and payment systems that let clienteles pay for items without using cash. In addition, RFID is frequently being used in the healthcare industry on patient wristbands to offer tamper-proof, exact identification for facility access control and security.

Moreover, multiple distribution centers and warehouses around the globe have been investing in improving their process efficiency to increase the efficiency of the overall processes as a part of their improvement programs. Such investments in the market landscape are anticipated to drive the growth and implementation of RFID technology.

There has also been an increasing demand in the aviation sector for RFID labels, especially in providing enhanced services for passengers, such as real-time baggage tracking. According to Avery Dennison, implementing RFID-based labels in the Aviation industry has reduced mishandling rates by 13% and has cut ramp loading time by around 4 minutes per aircraft turn.