Middle East and Africa UHF RFID (RAIN) Market to Grow at a CAGR of 11.1% to reach US$ 167.84 Mn Million from 2019 to 2027

Middle East and Africa 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)

  • Report Code : TIPRE00022160
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 110
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The UHF RFID (RAIN) market in MEA is expected to grow from US$ 73.27 million in 2019 to US$ 167.84 million by 2027; it is estimated to grow at a CAGR of 11.1% from 2020 to 2027.

France, Germany, Italy, Russia, and UK are major economies in MEA. Automotive manufacturers witnessing production increment is the major factor driving the MEA UHF RFID (RAIN) market. The demand for commercial vehicles and passenger cars, primarily in developing nations, is surging exponentially. The growing production of commercial and passenger vehicles generates huge demand for the UHF RFID technology as it is used at every level of the automotive manufacturing industry to identify the parts through manufacturing and to track products via the supply chain. The automotive sector is continuously looking to automate and enhance its manufacturing and logistics operations. This compels them to collaborate with suppliers and service providers. The UHF RFID technology enables automakers and component suppliers to increase their automotive production efficiency by providing them with the necessary control of manufacturing processes and allowing them to take anti-counterfeiting measures. The technology can also help track new vehicles in the finishing and shipping processes. Thus, the growing vehicle production, is propelling the demand for UHF RFID technologies.   

Among the MEA countries, South Africa has faced the highest number of COVID-19 cases. Other major countries facing the economic impact of COVID-19 include Iran, Iraq, Israel, Morocco, Saudi Arabia, and UAE. The region comprises many growing economies such as UAE and Saudi Arabia, which are prospective markets for UHF RFID (RAIN) providers due to the huge presence of a diverse customer base for the retail and e-commerce industry. The global COVID-19 pandemic would have significant effects on global economies, but the region has negatively impacted as there is already pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns, and travel bans are further aggravating the economic problems of the countries in the region. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on the growth of various industries in the region is expected to negatively impact the growth of the market till mid-2021.

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

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MEA UHF RFID (RAIN) Market Segmentation

MEA UHF RFID (RAIN) Market – By Component

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

MEA UHF RFID (RAIN) Market – By Application

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

MEA UHF RFID (RAIN) Market, by Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA   

MEA UHF RFID (RAIN) Market - Companies Mentioned

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

 
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Saudi Arabia

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 MEA UHF RFID (RAIN) Market – By Component

1.3.2 MEA UHF RFID (RAIN) Market – By Application

1.3.3 MEA UHF RFID (RAIN) Market- By Country

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. MEA UHF RFID (RAIN) Market Landscape

4.1 Market Overview

4.2 MEA PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinion

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

5.1 Market Drivers

5.1.1 Retail Industry Adopting RFID Technologies

5.1.2 Tackling of Counterfeiting Activities

5.2 Market Restraints

5.2.1 Security Problems of RAIN RFID Technology

5.3 Market Opportunities

5.3.1 Rise in IoT Technology Creating New Opportunities

5.4 Future Trends

5.4.1 Automotive Manufacturers Witnessing Production Increment

5.5 Impact Analysis of Drivers and Restraints

6. UHF RFID (RAIN) Market – MEA Analysis

6.1 MEA UHF RFID (RAIN) Market Overview

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

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

7.1 Overview

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

8.1 Overview

8.2 MEA 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. MEA UHF RFID (RAIN) Market – Country Analysis

9.1 Overview

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

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

9.1.1.1.1 South Africa: UHF RFID (RAIN) Market, by Component

9.1.1.1.2 South Africa: UHF RFID (RAIN) Market, by Application

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

9.1.1.2.1 Saudi Arabia: UHF RFID (RAIN) Market, by Component

9.1.1.2.2 Saudi Arabia: UHF RFID (RAIN) Market, by Application

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

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

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

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

9.1.1.4.1 Rest of MEA: UHF RFID (RAIN) Market, by Component

9.1.1.4.2 Rest of MEA: UHF RFID (RAIN) Market, by Application

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

10.1 MEA

11. Industry Landscape

11.1 Market Initiative

11.2 Mergers and Acquisition

11.3 New Product Development

12. Company Profiles

12.1 CAEN RFID S.r.l.

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 Impinj, Inc.

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 Invengo Technology Pte. Ltd.

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 Jadak- A Novanta Company

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 Murata Manufacturing Co., Ltd.

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 NXP Semiconductors N.V.

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

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14. List of Abbreviation

LIST OF FIGURES

Figure 1. MEA UHF RFID (RAIN) Market Segmentation

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

Figure 3. MEA 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. Saudi Arabia to Show Great Traction During Forecast Period

Figure 7. MEA– PEST Analysis

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

Figure 9. Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Figure 32. Impact of COVID-19 Pandemic in MEA Country Markets

The List of Companies - Middle East and Africa UHF RFID (RAIN) Market

  1. CAEN RFID S.r.l
  2. Impinj, Inc.
  3. Invengo Technology Pte. Ltd.
  4. Jadak- A Novanta Company
  5. Murata Manufacturing Co., Ltd.
  6. NXP Semiconductors N.V.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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