North America 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: TIPRE00022158 | No. of Pages: 110 | Category: Electronics and Semiconductor | Status: Published

Covid
Assesing the covid-19 impact?
Get the Latest COVID-19 Analysis on this market
Request Now
Happy to join you in your fight against the COVID-19 economic pandemic!

The UHF RFID (RAIN) market in North America is expected to grow from US$ 838.34 million in 2019 to US$ 2,435.55 million by 2027; it is estimated to grow at a CAGR of 14.4% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Rising usage of RFID technologies in retail sector is the major factor driving the North America UHF RFID (RAIN) market. Continuous developments in inventory tracking technologies are driving the growth of the retail sector at an unprecedented rate. The sector boosts the reach of numerous businesses to customers, thereby providing them necessary exposure. The growing emphasis on online marketing tools, such as Facebook and Google ads, has been contributing to the boom in the retail sector. It is one of the mature industries in the US, where consumers are highly inclined toward online shopping. As per the facts stated by the Census Bureau of the Department of Commerce, the retail e-commerce sales in the US were US$ 160.3 billion in the first quarter of 2020, with an increase of 2.4% from the fourth quarter of 2019. In April 2019, Checkpoint Systems, a US-based RFID solution provider for retail, partnered with Impinj, a RAIN RFID solutions provider, to launch its first inlays with the Impinj M700 tag chip family. The inlays are 18% smaller made from 70% recycled content to set a new standard in the retail sector. Thus, such partnerships help UHF RFID market players launch advanced chips for readers, thereby allowing them to meet the dynamic requirements of retailers, and such progressive initiatives by market players have been fueling the market growth.

 

North America has the highest adoption and growth rate of new technologies owing to favorable government policies to boost innovation and strengthen the infrastructure capabilities. Hence, any impact on industries is expected to affect the economic growth of the region in a negative manner. The US is one of the prominent markets for UHF RFID (RAIN) due to the growing retail and e-commerce, and healthcare sectors. The huge increase in the number of confirmed cases and rising reported deaths has affected these industries. The factory and business shutdowns across the US, Canada, and Mexico impact the adoption of the UHF RFID (RAIN). The retail sector has faced considerable shifts, consumer spending on groceries continue to increase. However, spending on apparel and other accessories decreased substantially in 2020. Moreover, in the mid-2020, the retail and e-commerce sales have increased gradually, leads to slight growth in the market in North America. RFID technology is also highly used in the healthcare industry to track their assets. To combat the virus, the region has started shipping vaccines and PPE kits within the region where RFID technology has made a comeback to track and authenticate test kits, PPE, and vaccines. Thus, this also leads to slight growth in the market. COVID-19 has had a severe impact on transportation and automotive, and trade activity. North America is home to many manufacturing and technology companies. Thus, the coronavirus outbreak's impact was quite severe in 2020 and likely in 2021. The negative impact of COVID-19 is short-term; it is likely to decrease in the coming years.      

 

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 North America UHF RFID (RAIN) market. The North America UHF RFID (RAIN) market is expected to grow at a good CAGR during the forecast period.

North America UHF RFID (RAIN) market

Get more information on this report :

North America UHF RFID (RAIN) Market Segmentation

 

North America UHF RFID (RAIN) Market – By Component

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

North America UHF RFID (RAIN) Market – By Application

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

North America UHF RFID (RAIN) Market, by Country

  • US
  • Canada
  • Mexico

North America UHF RFID (RAIN) Market - Companies Mentioned

  • CAEN RFID S.r.l
  • Convergence Systems Limited
  • Impinj, Inc.
  • Invengo Technology Pte. Ltd.
  • Jadak- A Novanta Company
  • Lowry Solutions Inc.
  • Murata Manufacturing Co., Ltd.
  • NXP Semiconductors N.V.

TABLE OF CONTENTS

1.             Introduction

1.1       Study Scope

1.2       The Insight Partners Research Report Guidance

1.3       Market Segmentation

1.3.1        North America UHF RFID (RAIN) Market – By Component

1.3.2        North America UHF RFID (RAIN) Market – By Application

1.3.3        North America UHF RFID (RAIN) Market- By Country

2.             Key Takeaways

3.             Research Methodology

3.1       Coverage

3.2       Secondary Research

3.3       Primary Research

4.             North America UHF RFID (RAIN) Market Landscape

4.1       Market Overview

4.2       North America PEST Analysis

4.3       Ecosystem Analysis

4.4       Expert Opinion

5.             North America UHF RFID (RAIN) Market – Key Market Dynamics

5.1       Market Drivers

5.1.1        Rising Usage of RFID Technologies in Retail Sector

5.1.2        Counterfeiting Activities Growing

5.2       Market Restraints

5.2.1        Security Issues Related to RAIN RFID Technology

5.3       Market Opportunities

5.3.1        New Opportunities Provided by Growth of IoT

5.4       Future Trends

5.4.1        Increased Demand from Automotive Manufacturers

5.5       Impact Analysis of Drivers and Restraints

6.             UHF RFID (RAIN) Market – North America Analysis

6.1       North America UHF RFID (RAIN) Market Overview

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

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

7.1       Overview

7.2       North America 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.             North America UHF RFID (RAIN) Market Analysis – By Application

8.1       Overview

8.2       North America 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.             North America UHF RFID (RAIN) Market – Country Analysis

9.1       Overview

9.1.1        North America: UHF RFID (RAIN) Market, By Country

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

9.1.1.1.1       US: UHF RFID (RAIN) Market, By Component

9.1.1.1.2       US: UHF RFID (RAIN) Market, By Application

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

9.1.1.2.1       Canada: UHF RFID (RAIN) Market, By Component

9.1.1.2.2       Canada: UHF RFID (RAIN) Market, By Application

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

9.1.2.1.1       Mexico: UHF RFID (RAIN) Market, By Component

9.1.2.1.2       Mexico: UHF RFID (RAIN) Market, By Application

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

10.1    North America

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    Lowry Solutions Inc.

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    Murata Manufacturing Co., Ltd.

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    NXP Semiconductors N.V.

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

13.          Appendix

13.1    About The Insight Partners

13.2    Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

Table 11.          List of Abbreviation

LIST OF FIGURES

Figure 1.           North America UHF RFID (RAIN) Market Segmentation

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

Figure 3.           North America 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.           US to Show Great Traction During Forecast Period

Figure 7.           North America – PEST Analysis

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

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 26.        North America UHF RFID (RAIN) Market Revenue Share, By Country (2019 and 2027)

Figure 27.        North America UHF RFID (RAIN) Market Revenue Share, By Country (2019 and 2027)

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

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

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

Figure 31.        Impact of COVID-19 Pandemic in North American Country Markets

The List of Companies - North America 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. Lowry Solutions Inc.
  7. Murata Manufacturing Co., Ltd.
  8. NXP Semiconductors N.V.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
TIPRE00022158
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Pricing