Press release – RFID Tag – Global RFID Tag Market To 2021 – Key Players are Avery, SMARTRAC, Alien, Arizon and More – published on openPR.com
In a basic RFID system, tags are attached to all items that are to be tracked. These tags are made from a tiny tag-chip, sometimes called an integrated circuit (IC), which is connected to an antenna that can be built into many different kinds of tags including apparel hang tags, labels, and security tags, as well as a wide variety of industrial asset tags. The tag chip contains memory which stores the product’s electronic product code (EPC) and other variable information so that it can be read and tracked by RFID readers anywhere.
RFID tag production, which measures output worldwide, was expected to reach 11,312 million units in 2016 with an increase of 23.78% from its year-earlier level. The global RFID tag market size is estimated to grow from USD 343.41 million in 2011 to USD 869.67 million by 2016, at an estimated CAGR of 20.42% between 2011 and 2016. With regards to this, key players of RFID tag industry are expected to find potential opportunities in this market.
Source: Global RFID Tag Market To 2021 – Key Players are Avery, SMARTRAC, Alien, Arizon and More – openPR