Passive RFIDs has a competitive edge over active RFID but technological advancements are helping to close the gap, finds 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 analysed, 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,” says 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 inreal-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.
