RFID companies innovate to harness the growth opportunities generated by Manufacturing 4.0

Frost & Sullivan market analysis suggests passive RFID still has a competitive edge over active RFID, but technological advancements are helping to close the gap.

  By ·

According to a recent market analysis by Frost & Sullivan, the growth of Industrial Internet of Things (IIoT) and cloud have given a huge boost to the adoption of radio frequency identification (RFID) technology in Manufacturing 4.0.

The interconnectedness of devices has resulted in massive volumes of RFID data that needs to be managed and analyzed, Frost & Sullivan’s analysis asserts, which is prompting RFID manufacturers to develop high-memory tags that can hold more information, software platforms with a business intelligence layer, as well as cloud-based solutions.

“Due to the rising need for resource and cost efficiency, manufacturers are demanding complete visibility and adopting RFID solutions that aid the real-time location tracking and monitoring of their assets, business processes, and personnel,” said Nandini Bhattacharya industry manager for measurement and instrumentation at Frost & Sullivan. “Passive RFID has experienced high-volume deployments in the past and will continue to grow, especially in the ultra-high frequency segment, while active RFID, although a smaller market, has potential in real-time location system (RTLS) applications.”

Frost & Sullivan’s recent analysis, RFID in Global Manufacturing 4.0 Market, Forecast to 2025, focuses on the trends, challenges, and factors driving the market sectors of tags, readers, and software and services. It provides product revenue and units forecasts, country-wise breakdown of each region, competitive analyses, and a list of key market participants, along with their respective market shares. The study also offers participants deep business intelligence to accelerate growth in a fast-paced market.

“As the total cost of ownership (TCO) of an active RFID system is prohibitive, small and medium enterprises opt for the more affordable passive RFID solutions,” noted Bhattacharya. “Active RFID manufacturers need to focus on the standardization of active 433 MHz RFID to drive its growth. The rising ubiquity of ultra-wideband (UWB) and Bluetooth low energy (BLE) RTLS solutions will give the solution an added boost.”

Overall, the growing demands for automation and digitization are creating considerable growth opportunities for RFID vendors that:
● Offer solutions that can be easily integrated into the existing manufacturing infrastructure and can enable IoT connectivity.
● Provide precise and accurate RTLS solutions at competitive prices.
● Develop devices with faster read rate, ability to read more number of tags in a single read as well as highly sensitive antenna, compatible form factors, and increased mobility.
● Gauge customers’ requirements and re-structure their business models accordingly.

RFID in Global Manufacturing 4.0 Market, Forecast to 2025 is part of Frost & Sullivan’s global Mechanical Power Transmission Growth Partnership Service program.


More Frost & Sullivan


Related Topics

Automation   Data Capture   Frost & Sullivan   Internet of Things   Manufacturing   All topics



Latest products
MezzCAD mezzanine design software
Design mezzanines with software.

LEVPRO suspended shelving system
Integrate small parts storage with pallet racking.

Shelf Track carton flow system
Drop carton flow system into existing racks, shelves.

Button-On cantilever storage rack
Store pipe, tubes, lumber on cantilever rack.

This Week in Materials Handling

MHPN - Materials Handling 24/7 - Readers’ Choice Products of the Year 2018 winners announced
Nearly 3,000 readers voted in 12 categories for the best innovations in materials handling equipment to help you decide the best products for you warehouse and distribution center operations.

Innovation


Featured Products

Subscribe to MHPN Magazine Today

Material Handling Product News is the market’s only executive format publication reporting on the entire range of material handling products — from the loading dock, to the manufacturing process, to storage and distribution. Don’t miss a single product, claim your free subscription today.