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.
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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