Global LF RFID Inlays Sales Market by Type (LF Dry Inlay, LF Wet Inlay), By Application (Retail, Asset Management/Inventory/Documents, Logistics, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global RFID Inlays Market size is projected to grow from USD 2.9 billion in 2020 to USD X.X billion by the end of 2028 at a CAGR of 13%. North America will be the second-largest region with a share of 27% in 2020 growing at a CAGR of 16% over the forecast period.

RFID inlays are the core of an RFID tag. They consist of a transponder and an antenna and come in different shapes and sizes. Inlays can be dry or wet type. The most common form is the LF (Low Frequency) type which operates at 125 kHz or 134 kHz. HF (High Frequency) and UHF (Ultra High Frequency) inlays are also available but are not as common due to their higher cost. RFID is a passive device that can be integrated into many commonly used objects. It allows the identification of an object without contact or line-of-sight access and is capable of providing unique information about that object such as the date it was manufactured, type, country of origin, etc. RFID inlays can be made of different materials. The most common type available is aluminum-based, but other types are also used such as paper or polyester.

On the basis of Type, the global RFID inlays market is segmented into LF Dry Inlay and LF Wet Inlay.

LF Dry Inlay:

An LF Dry Inlay is a type of RFID inlay that uses an air interface to communicate with the reader. This type of inlay is ideal for applications where a high level of performance and sensitivity are required, such as inventory management and document tracking. The LF Dry-type inlays are commonly used and the most popular choice available, because they can be easily integrated into many types of items such as packaging or merchandise without affecting its aesthetics.

LF Wet Inlay:

LF Wet Inlay is a type of RFID inlays that are wet with either water or oil, to help the chip attach itself securely to the substrate. LF Wet Inlays are also available, which use a water- or oil-based adhesive to attach the chip to the substrate. This type of inlay is generally used for high-speed production applications, as it results in a more secure bond. LF Wet Inlays are available with a variety of different chip sizes and shapes, which allows for greater design flexibility. The chips can also be embedded in a variety of different materials, including paper, textiles, and plastics.

On the basis of Application, the global RFID inlays market is segmented into Retail, Asset Management/Inventory/Documents, Logistics, and others.

Retail:

Radio Frequency Identification (RFID) inlays are used extensively in the Retail sector to track and manage inventory. RFID tags attached to products allow retailers to keep track of items as they move through the supply chain, from the supplier all the way to the store shelves. This helps improve stock management and reduces out-of-stocks, which leads to increased sales and improved customer satisfaction. RFID inlays are also used for tracking documents, such as passports, driving licenses, and other identification cards.

Asset Management/Inventory/Documents:

RFID Inlays have been widely used in the Asset Management/Inventory/Documents industry for improving workflow, increasing real-time visibility, and enhancing productivity. In this application, Inlays are used to store data that can be read by an RFID reader. The information could range from inventory information about the products being stored to billing and receiving records of a warehouse. To read the data stored on an RFID inlay, a reader sends out a radio signal that energizes the tag and powers up its integrated circuit. The tag then transmits the information it has back to the reader.

Logistics:

RFID inlays are widely used across the logistics industry for various purposes such as tracking and managing inventory, pallets, assets, and other items. In particular, RFID inlays help reduce or eliminate the need for manual data entry, which can be error-prone and time-consuming. They also improve the accuracy of inventory counts and help ensure that the right items are shipped to the correct location. Additionally, RFID inlays can be used for real-time tracking of goods as they move through the supply chain, allowing companies to quickly identify and address any issues that may arise.

On the basis of Region, the global RFID inlays market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American region is expected to hold the largest market share in 2021. The Asia Pacific RFID inlays market is projected to grow at the highest CAGR during the forecast period. The Latin American market for RFID inlays is expected to grow at a CAGR of around 13%. Europe LF RFID Inlays Market has been expanding at a significant pace over the past few years owing to the growing demand for these products across various end-users such as retail, logistics & transportation, and government bodies. Furthermore, increasing the use of RFID inlays for supply chain management and authentication processes is likely to drive market growth during the forecast period. In addition, growing business process outsourcing activities across Europe have also augmented demand for these products over the past few years.

Growth Factors For The Global RFID Inlays Market:

- Increasing demand for retail and logistics applications: The retail and logistics sectors are witnessing rapid growth across the world. This is driving the demand for the RFID inlays market.

- RFID technology is being used extensively by these sectors to manage inventory, automate supply chains, and monitor assets. Moreover, increasing demand for asset tracking systems is also driving the growth of this market.

- Growing awareness about the benefits of RFID technology: The number of enterprises using radio frequency identification (RFID) technology is increasing across the world. The growing awareness about RFID technologies in retail, logistics, and asset management applications has led to an increase in the demand for LF RFID tags.

- Technological advancements: There are several technological advancements taking place in this market such as the miniaturization of radio frequency identification (RFID) chips and the development of new RFID inlay technologies. These advancements are expected to drive market growth during the forecast period.

- Stringent government regulations: Governments across the globe are implementing stringent regulations for tracking and managing various types of assets. This is driving the demand for LF RFID tags, as they offer an efficient way to track and manage assets.

Up Market Research published a new report titled “LF RFID Inlays Sales Market research report which is segmented by Types (LF Dry Inlay, LF Wet Inlay), By Applications (Retail, Asset Management/Inventory/Documents, Logistics, Others), By Players/Companies SMARTRAC, XINDECO IOT, Invengo, Shang Yang RFID Technology, Avery Dennison Inc., INLAYLINK, D & H SMARTID, Alien Technology, Junmp Technology, NETHOM, Identiv, Sense Technology”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global LF RFID Inlays Sales Market Report Segments:

The market is segmented by Type LF Dry Inlay, LF Wet Inlay and By Application Retail, Asset Management/Inventory/Documents, Logistics, Others.

Some of the companies that are profiled in this report are:

1. SMARTRAC
2. XINDECO IOT
3. Invengo
4. Shang Yang RFID Technology
5. Avery Dennison Inc.
6. INLAYLINK
7. D & H SMARTID
8. Alien Technology
9. Junmp Technology
10. NETHOM
11. Identiv
12. Sense Technology

LF RFID Inlays Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the LF RFID Inlays Sales Market

Overview of the regional outlook of the LF RFID Inlays Sales Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The LF RFID Inlays Sales Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of LF RFID Inlays Sales Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. LF Dry Inlay

                2. LF Wet Inlay

                1. Retail

                2. Asset Management/Inventory/Documents

                3. Logistics

                4. Others

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the LF RFID Inlays Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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• Correctly Positioning New Products
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Reasons to Purchase the LF RFID Inlays Sales Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.