RFID technologies are transforming the manufacturing sector by simplifying operations such as monitoring complex supply chains, ensuring quality control, tracking inventories, and reducing human effort. Growing automation in the manufacturing sector and its supply chains has led to the emergence of smart monitoring and decision-making processes, creating vast opportunities for incorporating RFID technologies to economize supply chains and production. RFID technology offers enhanced visibility into manufacturing operations via real-time updates and helps automate manual tasks to reduce labor costs. Growing applications related to Industry 4.0 & smart cities and digitalization of the manufacturing sector have transformed product design and fabrication. Leading manufacturers are increasingly deploying RFID devices to boost operational efficiency, improve workflows, and reduce costs, propelling the growth of the RFID market.
The surge in digitalization in the manufacturing sector is transforming product design and fabrication processes. Several leading manufacturers are deploying RFID technology to increase operational efficiency, improve workflows, and reduce costs, boosting the RFID market's growth. The need for visibility/transparency for production optimization and asset management has encouraged market leaders to increase investments in deploying RFID technologies. For instance, in 2021, SATO Holdings Corporation (Japan) (SATO Europe) partnered with Xerafy Singapore Pte. Ltd. (Singapore) to provide metal skin radio frequency identification (RFID) labels to global automotive, manufacturing, and healthcare markets through its range of RFID-enabled printers. In 2021, Datalogic S.p.A. (Italy) enhanced the wireless charging PDA Memor 10 with a UHF RFID 2128P handheld reader to provide a single UHF RFID scanning solution for inventory control in the retail, transportation & logistics, manufacturing, and healthcare sectors. In 2019, PragmatIC (U.K.) partnered with Mühlbauer Group (Germany) to deliver robust and durable RFID manufacturing solutions. Such developments, along with the increasing adoption of RFID technology among manufacturing industries, are expected to drive the growth of the RFID market.
RFID offers security & access control inventory management, people tracking, and document management, among others. RFID security & access control system helps improve the security of any computing environment by restricting unauthorized access. These control systems comprise a tag, a reader with an antenna, and an access control server. Security & access control offers improved security of business premises as it cross-references the data stored on the tag with its database. It is mostly used in residential apartments, industrial facilities, and commercial sectors. Several companies are focusing on advancing RFID access control solutions to enable improved and integrated security features. For instance, in 2021, Nedap N.V. (Netherlands) collaborated with Tyco-CEM Systems (a part of Johnson Controls Inc.) (U.K.) to provide a long-range gate access control solution for identifying vehicles and drivers and enable an improved and integrated security management system.
Inventory management is one of the most crucial and tedious tasks for organizations. Inventory optimization is extremely critical to ensure profitability for operations. RFID helps analyze essential data, such as transactions by site or warehouse, reducing manual efforts to maintain logs and enabling itemized inventory levels. RFIDs installed in warehouses provide data for analytics, reports, and accounting that help organizations make effective decisions regarding their stored products.
RFID can be used to gather data about people and make informed decisions. RFID integrated personnel tracking solutions allow monitoring of personnel in real time. It provides precise location, immediate response, and protection, particularly in emergencies. Companies use wearable RFID tags, cards, badges, and wristbands containing pre-registered guest information to automatically authenticate guests and capture attendance data. Managing confidential documents is crucial for any organization. Document management or file tracking systems help manage inventory stock, prevent theft, and track the movement of important files and documents. RFID helps identify, track, verify, and manage single or multiple documents and files for banks, financial companies, insurance, hospitals, the public sector, government departments, and educational institutions.
Tagging animals and using RFID tags help identify the pedigree and medical information of the animal and the owner's information. RFID offers real-time updates on livestock. It also helps to keep track of animals' overall well-being, such as reproduction, feeding behavior, hygiene, and locating sick animals. According to the Ministry of Agriculture and Rural Development (MARD), in November 2021, the African swine fever (ASF) outbreak caused the death of approximately 200,000 pigs in Vietnam. Thus, rising threats from pathogens, rising environmental concerns, and disease outbreaks in the livestock industry are expected to drive the demand for RFIDs for livestock monitoring in the coming years.
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