Asia Pacific UHF RFID (RAIN) Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware, Software, and Services) and Application (Retail and Consumer Goods, Logistics and Transportation, Healthcare, Manufacturing, and Other Applications)

Publication Month: May 2021 | Report Code: TIPRE00022164 | No. of Pages: 110 | Category: Electronics and Semiconductor | Status: Published

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The UHF RFID (RAIN) market in APAC is expected to grow from US$ 423.37 million in 2019 to US$ 1,178.78 million by 2027; it is estimated to grow at a CAGR of 13.8% from 2020 to 2027.

New opportunities being created due to developments in IoT is the major factor driving the APAC UHF RFID (RAIN) market. The adoption of smart devices and mounting government investments especially in countries such as Japan, Singapore, China, and Australia—focused on the R&D and installations of Internet of Things (IoT) in the manufacturing, utilities, retail, and other sectors is fueling the growth of IoT. It confers various objects with the ability to interconnect and share data. IoT applications necessitate a data connection between the physical and digital world, and UHF RFID is the finest technology to bridge these spaces. With the boom in IoT in various countries, most networked objects would be connected wirelessly through the passive UHF RFID technology that seamlessly allows passive objects to communicate crucial data, which can be used to identify these objects with exact place and time details. The technology adds intelligence to the IoT ecosystem and simplifies new applications for connected resources.


As per RAIN RFID, in 2015, the technology connected~20 billion things, tracking the identity and authenticity of items. In addition, the implementation of UHF RFID increased by ~29% CAGR in healthcare, retail apparel, pharmaceutical, supply chain, and logistics industries. Further, as per IWEC Foundation, there will be ~64 billion IoT devices by 2025, which is up from ~10 billion in 2018. Thus, being a crucial building block of the IoT, the UHF RFID technology will allow several new applications and business models, along with making them affordable and practical for users.   

 

APAC is characterized by many developing countries, a positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including UHF RFID (RAIN). Many online shoppers and the growing e-commerce sector in this region present a huge opportunity for the growth of the global UHF RFID (RAIN) market. Due to the pandemic, social distancing and staying home have pushed the consumers towards online shopping. Nevertheless, uncertain consumer demand and supply chain problems have affected the UHF RFID (RAIN) industry in the region. The e-commerce supply chains are mainly strained by the pandemic and factory closures in China. The lockdown of various factories in China affects the global supply chains and negatively impacts manufacturing, delivery schedules, and various products and services. Even as the factories in China are beginning to reopen, several logistics businesses have reduced or hit pause on their operations; thus, some cargo terminals shut down due to low volume. China has impacted adversely in the automotive industry. The country is the world’s largest car market, and Wuhan city is home to various auto plants, such as Honda, General Motors, Nissan, and Renault. As per the World Economic Forum (WEF), for Honda Company alone, the city holds ~50% of total production in China. In 2019, in China, Hubei Province was the fourth-largest car manufacturer, with ~10% of China’s car-making capacity and manufactured 2.24 million vehicles. However, several auto companies closed their doors as part of the nationwide shutdown. Hence, it resulted in a decline in car and its spare part sales. The restrictions imposed on human movement in APAC countries to control the spread of COVID-19 have negatively impacted the retail business, especially the businesses of hypermarkets, supermarket, and specialty stores.

 

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC UHF RFID (RAIN) market. The APAC UHF RFID (RAIN) market is expected to grow at a good CAGR during the forecast period.

APAC UHF RFID (RAIN) market

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APAC UHF RFID (RAIN) Market Segmentation

APAC UHF RFID (RAIN) Market – By Component

  • Hardware
    • Tags and Labels
    • Readers
    • Printers
    • Other Hardware
  • Software
  • Services

APAC UHF RFID (RAIN) Market – By Application

  • Retail and Consumer Goods
  • Logistics and Transportation
  • Healthcare
  • Manufacturing
  • Other Applications

APAC UHF RFID (RAIN) Market, by Country

  • Australia
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC   

APAC UHF RFID (RAIN) Market - Companies Mentioned

  • CAEN RFID S.r.l
  • Convergence Systems Limited
  • Impinj, Inc.
  • Invengo Technology Pte. Ltd.
  • Jadak- A Novanta Company
  • Murata Manufacturing Co., Ltd.
  • NXP Semiconductors N.V.
  • Securitag Assembly Group Co., LTD (SAG)
  • Walki Group Oy

TABLE OF CONTENTS

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        APAC UHF RFID (RAIN) Market – By Component

1.3.2        APAC UHF RFID (RAIN) Market – By Application

1.3.3        APAC UHF RFID (RAIN) Market- By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             APAC UHF RFID (RAIN) Market Landscape

4.1       Market Overview

4.2       APAC PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             APAC UHF RFID (RAIN) Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        RFID Technology Becoming More Common in the Retail Industry

5.1.2        Boost in Counterfeiting Activities

5.2       Market Restraints

5.2.1        Various Privacy Concerns Related to RAIN RFID Technology

5.3       Market Opportunities

5.3.1        New Opportunities Getting Created due to Developments in IoT

5.4       Future Trends

5.4.1        Growing Capabilities of Automotive Manufacturers

5.5       Impact Analysis of Drivers and Restraints

6.             UHF RFID (RAIN) Market – APAC Analysis

6.1       APAC UHF RFID (RAIN) Market Overview

6.2       APAC UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.             APAC UHF RFID (RAIN) Market Analysis – By Component

7.1       Overview

7.2       APAC UHF RFID (RAIN) Market, by Component (2019 and 2027)

7.3       Hardware

7.3.1        Overview

7.3.2        Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.3.3        Tags and Labels

7.3.3.1      Tags and Labels: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.3.4        Readers

7.3.4.1      Readers: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.3.5        Printers

7.3.5.1      Printers: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.3.6        Other Hardware

7.3.6.1      Other Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.4       Software

7.4.1        Overview

7.4.2        Software: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

7.5       Services

7.5.1        Overview

7.5.2        Services: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

8.             APAC UHF RFID (RAIN) Market Analysis – By Application

8.1       Overview

8.2       APAC UHF RFID (RAIN) Market, by Application (2019 and 2027)

8.3       Retail and Consumer Goods

8.3.1        Overview

8.3.2        Retail and Consumer Goods: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

8.4       Logistics and Transportation

8.4.1        Overview

8.4.2        Logistics and Transportation: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

8.5       Healthcare

8.5.1        Overview

8.5.2        Healthcare: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

8.6       Manufacturing

8.6.1        Overview

8.6.2        Manufacturing: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

8.7       Other Applications

8.7.1        Overview

8.7.2        Other Applications: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.             APAC UHF RFID (RAIN) Market – Country Analysis

9.1       Overview

9.1.1        APAC: UHF RFID (RAIN) Market, by Key Country

9.1.1.1      Australia: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.1.1       Australia: UHF RFID (RAIN) Market, by Component

9.1.1.1.2       Australia: UHF RFID (RAIN) Market, by Application

9.1.1.2      China: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.2.1       China: UHF RFID (RAIN) Market, by Component

9.1.1.2.2       China: UHF RFID (RAIN) Market, by Application

9.1.1.3      India: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.3.1       India: UHF RFID (RAIN) Market, by Component

9.1.1.3.2       India: UHF RFID (RAIN) Market, by Application

9.1.1.4      Japan: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.4.1       Japan: UHF RFID (RAIN) Market, by Component

9.1.1.4.2       Japan: UHF RFID (RAIN) Market, by Application

9.1.1.5      South Korea: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.5.1       South Korea: UHF RFID (RAIN) Market, by Component

9.1.1.5.2       South Korea: UHF RFID (RAIN) Market, by Application

9.1.1.6      Rest of APAC: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

9.1.1.6.1       Rest of APAC: UHF RFID (RAIN) Market, by Component

9.1.1.6.2       Rest of APAC: UHF RFID (RAIN) Market, by Application

10.          APAC UHF RFID (RAIN) Market- COVID-19 Impact Analysis

10.1    APAC

11.          Industry Landscape

11.1    Market Initiative

11.2    Mergers and Acquisition

11.3    New Product Development

12.          Company Profiles

12.1    Convergence Systems Limited

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2    CAEN RFID S.r.l.

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3    Impinj, Inc.

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4    Invengo Technology Pte. Ltd.

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5    Jadak- A Novanta Company

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6    Murata Manufacturing Co., Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7    NXP Semiconductors N.V.

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8    Securitag Assembly Group Co., LTD (SAG)

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9    Walki Group Oy

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

Table 1.             APAC UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Table 2.             Australia: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 3.             Australia: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 4.             Australia: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 5.             China: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 6.             China: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 7.             China: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 8.             India: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 9.             India: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 10.          India: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 11.          Japan: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 12.          Japan: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 13.          Japan: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 14.          South Korea: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 15.          South Korea: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 16.          South Korea: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 17.          Rest of APAC: UHF RFID (RAIN) Market, by Component –Revenue and Forecast to 2027 (US$ Million)

Table 18.          Rest of APAC: UHF RFID (RAIN) Market, By Hardware – Revenue and Forecast to 2027 (US$ Million)

Table 19.          Rest of APAC: UHF RFID (RAIN) Market, by Application –Revenue and Forecast to 2027 (US$ Million)

Table 20.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC UHF RFID (RAIN) Market Segmentation

Figure 2.           APAC UHF RFID (RAIN) Market Segmentation – By Country

Figure 3.           APAC UHF RFID (RAIN) Market Overview

Figure 4.           Hardware Segment Held the Largest Market Share in 2019

Figure 5.           Retail and Consumer Goods Application Segment Held the Largest Market Share in 2019

Figure 6.           China to Show Great Traction During Forecast Period

Figure 7.           APAC – PEST Analysis

Figure 8.           APAC UHF RFID (RAIN) Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC UHF RFID (RAIN) Market: Impact Analysis of Drivers and Restraints

Figure 11.        APAC UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 12.        APAC UHF RFID (RAIN) Market Revenue Share, by Component (2019 and 2027)

Figure 13.        APAC Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 14.        APAC Tags and Labels: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        APAC Readers Market: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        APAC Printers: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 17.        APAC Other Hardware: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        APAC Software: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        APAC Services: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 20.        APAC UHF RFID (RAIN) Market Revenue Share, by Application (2019 and 2027)

Figure 21.        APAC Retail and Consumer Goods: UHF RFID (RAIN) – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        APAC Logistics and Transportation: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        APAC Healthcare: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 24.        APAC Manufacturing: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        APAC Other Applications: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        APAC: UHF RFID (RAIN) Market, by Key Country - Revenue 2019 (US$ Million)

Figure 27.        APAC: UHF RFID (RAIN) Market Revenue Share, by Key Country (2019 and 2027)

Figure 28.        Australia: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 29.        China: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 30.        India: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 31.        Japan: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 32.        South Korea: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 33.        Rest of APAC: UHF RFID (RAIN) Market – Revenue and Forecast to 2027 (US$ Million)

Figure 34.        Impact of COVID-19 Pandemic in APAC Country Markets

The List of Companies - Asia Pacific UHF RFID (RAIN) Market

  1. CAEN RFID S.r.l
  2. Convergence Systems Limited
  3. Impinj, Inc.
  4. Invengo Technology Pte. Ltd.
  5. Jadak- A Novanta Company
  6. Murata Manufacturing Co., Ltd.
  7. NXP Semiconductors N.V.
  8. Securitag Assembly Group Co., LTD (SAG)
  9. Walki Group Oy
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC UHF RFID (RAIN) market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC UHF RFID (RAIN) market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the UHF RFID (RAIN) market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 
TIPRE00022164
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