About RFID
RFID technologies are gaining high attention from multiple sectors, especially healthcare, where hospitals have started adopting innovative technologies to address critical business needs. Smart cabinets based on RFID technology help reduce manual efforts to maintain, track, and manage inventory. They also help reduce loss and misplacement of supplies, minimize the risk of theft, and increase savings. Retailers, healthcare institutions, and discrete manufacturers are the prime users of RFID smart cabinets as the need for inventory management is critical to these businesses.
Technavio’s analysts forecast the global radio-frequency identification (RFID) smart cabinet market to grow at a CAGR of 14.03% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global radio-frequency identification (RFID) smart cabinet market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID smart cabinets.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Radio-Frequency Identification (RFID) Smart Cabinet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• LogiTag Systems
• Mobile Aspects
• TAGSYS RFID
• Skytron
• SkyeTek
• SATO Vicinity
• SATO Vicinity
• WaveMark
Other prominent vendors
• Solstice Medical
• Terso Solutions
Market driver
• Supply chain inefficiencies
• For a full, detailed list, view our report
Market challenge
• Low market penetration
• For a full, detailed list, view our report
Market trend
• Increasing government regulations and aid
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: RFID technology overview
• Components of RFID system
• RFID cost structure
PART 06: RFID market overview
PART 07: RFID smart cabinet market landscape
• Market overview
• Market size and forecast
• Five forces analysis
PART 08: Market segmentation by application
PART 09: Geographical segmentation
• Americas
• EMEA
• APAC
PART 10: Market drivers
• Growing need for inventory management in hospitals
• Rising government funding for hospitals
• Increasing healthcare spending
• Supply chain inefficiencies
PART 11: Impact of drivers
PART 12: Market challenges
• Intense competition
• Low market penetration
• High cost of operation
• Decline in customer base
PART 13: Impact of drivers and challenges
PART 14: Market trends
• Growing awareness of RFID technology
• Rapid technological advances in RFID
• Increasing government regulations and aid
• High R&D spending by vendors
• Increase in number of diagnostic centers and state-of-the-art hospitals
PART 15: Vendor landscape
• Competitive scenario
• Vendors
• Other prominent vendors
PART 16: Market summary
PART 17: Appendix
• List of abbreviations
PART 18: Explore Technavio
List of Exhibits
Exhibit 01: Key regions
Exhibit 02: Global RFID smart cabinet market 2016
Exhibit 03: Product offerings
Exhibit 04: Functional classification of RFID tags
Exhibit 05: Operating frequencies of passive RFID tag
Exhibit 06: Comparison between active and passive RFID tags
Exhibit 07: Revenue contribution by RFID products 2015
Exhibit 08: Factors considered for selecting passive RFID tag
Exhibit 09: Ranges of RFID operating frequency
Exhibit 10: RFID system supply chain
Exhibit 11: RFID system value chain
Exhibit 12: Standards for RFID implementation
Exhibit 13: Major regulatory bodies for setting RFID standards
Exhibit 14: Bill of materials for simple license plate tag
Exhibit 15: Cost analysis of RFID system
Exhibit 16: Benefit of using RFID systems
Exhibit 17: Global RFID smart cabinet market by revenue 2015-2020 ($ millions)
Exhibit 18: Global RFID smart cabinet market by shipment 2015-2020 (units)
Exhibit 19: ASPs of RFID smart cabinets 2015-2020 ($)
Exhibit 20: Five forces analysis
Exhibit 21: Global RFID smart cabinet market by application 2015
Exhibit 22: Global RFID smart cabinet market by geography 2015
Exhibit 23: Global RFID smart cabinet market by geography 2020
Exhibit 24: Global RFID smart cabinet market by geography 2015-2020 (%)
Exhibit 25: Global RFID smart cabinet market by geography 2015-2020 ($ millions)
Exhibit 26: RFID Smart Cabinet market forecast in Americas 2015-2020 ($ millions)
Exhibit 27: RFID smart cabinet market in Americas 2015-2020 ($ millions)
Exhibit 28: RFID smart cabinet market in APAC 2015-2020 ($ millions)
Exhibit 29: Trend of global healthcare spending 2013-2017 (%)
Exhibit 30: Healthcare spending in different geographies (% of GDP)
Exhibit 31: Traditional retail supply chain
Exhibit 32: Retail e-commerce supply chain
Exhibit 33: Impact of drivers
Exhibit 34: Impact of drivers and challenges
Exhibit 35: Other prominent vendors in global RFID smart cabinet market
Exhibit 36: Market snapshot of global smart cabinet market 2015-2020
Exhibit 37: CAGR Comparison - Geographical segments
