LATAM RFID Tags Market is forecasted to grow at 9.7% with factor such as increasing growth of automation in manufacturing industry.
RFID tags market has shown an exceptional penetration in countries such as Brazil, Mexico and Argentina. Increasing growth in automation and industrialization is boosting the growth in developed countries. In developing countries, advanced technology developments in asset tracking system is creating opportunity for the LATAM RFID tags market.
RFID Tags Market Scenario
According to Data Bridge Market Research, the market for RFID tags in Brazil has the highest market share followed by Mexico and Argentina. Market leader is CCL Industries which accounts an estimated market share of approximately 18% to 25% in the LATAM RFID tags market. The company has gained outstanding sales through their RFID tags products which include pharmaceutical RFID.
- In March 2016, CCL Industries announced the acquisition of checkpoint systems, a company engaged in manufacturing of RFID tags and inlays. The acquisition was done for USD 556 million and the company offered high expertise in retail and clothing markets. The new acquisition helped the company to grow its tag and labelling product line-up.
Trends Impacting the Market
Now the question is which other Countries CCL Industries, Avery Dennison Corporation and Murata Manufacturing Co., Ltd. are targeting? Data Bridge Market Research has estimated a large growth in Brazil RFID tags market and the market leaders targeting Mexico and Argentina to be their next revenue pockets for 2021.
The RFID tags market is becoming more competitive every year with companies such CCL Industries, Avery Dennison Corporation and Murata Manufacturing Co., Ltd as they are the market leaders for RFID tags market. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the RFID tags market.
For more analysis on the RFID tags market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=latam-rfid-tags-market
RFID Tags Market Development
- In March 2020, AVERY DENNISON CORPORATION announced the completion of acquisition of Smartrac, a company engaged in manufacturing of RFID inlays. The company acquired Smartrac’s Transponder business for USD 266.37 million. The acquisition helped the company in expanding its RFID inlays business.
Scope of the RFID Tags Market
- On the basis of region, the LATAM RFID tags market has been segmented into Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Costa Rica, Panama, Peru and Rest of LATAM.
All country based analysis of RFID tags market is further analyzed based on further segmentation. On the basis of wafer size, LATAM RFID tags market has been segmented into 200mm, 300mm and others. On the basis of tag type, the LATAM RFID tags market has been segmented active tag and passive tag. On the basis of frequency, the LATAM RFID tags market has been segmented low frequency, high frequency, ultra-high frequency and active ultra-high frequency. On the basis of application, the LATAM RFID tags market has been segmented commercial/retail, transportation, logistics & supply chain, healthcare, security & access control, aerospace, sports, animal tracking and defense. On the basis of form factor, the LATAM RFID tags market has been segmented into card, label, key FON, implants, button, paper tickets, wristband and others. On the basis of material, the LATAM RFID tags market has been segmented into plastic, metal, paper, glass and others. On the basis of end user, the LATAM RFID tags market has been segmented into commercial/retail, healthcare and government/defense/security.
Key Pointers Covered in RFID Tags Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
Key Market Competitors Covered in the Report
- Alien Technology, LLC
- CCL Industries
- Impinj, Inc.
- HID Global Corporation (A Subsidiary of ASSA ABLOY)
- AVERY DENNISON CORPORATION
- NXP Semiconductors
- Zebra Technologies Corp.
- ams AG
- Murata Manufacturing Co., Ltd.
- PARKER HANNIFIN CORP
- Honeywell International Inc.
- Pepperl+Fuchs SE
- SATO Holdings Corporation
- FUJITSU
Above are the key players covered in the report, to know about more and exhaustive list of RFID tags companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=latam-rfid-tags-market
Research Methodology: LATAM RFID Tags Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Product Managers, Financial Institutions, and RFID Tags Consultants
- Supply Side: Service Providers, Product Managers, Product Designer, Marketing Managers, C-Level Executives, Market Intelligence, and Regulatory Affairs Managers among others.
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- Global RFID Market - Industry Trends and Forecast to 2026
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