Global Battery Free RFID Sensor Market By Frequency (Low Frequency, High Frequency and NFC, Ultra High Frequency), By Application (Food Quality Monitoring and Others ), End-Use Industries (Automotive and Others) and By Region – Global Forecast to 2030

MarketResearch.biz announces publication of its most recently generated research report titled, “Global Battery Free RFID Sensor Market by Frequency (Low Frequency, High Frequency and NFC, Ultra High Frequency), By Application (Food Quality Monitoring, Supply Chain Management, Structural Health Monitoring, Other Applications), End-Use Industries (Automotive, Food & Beverages, Commercial, Aerospace & Defense, Transportation & Logistics, Other End-Use Industries) and by Region – Global Forecast to 2030”, which offers a holistic view of the global battery free RFID sensor market through systematic segmentation that covers every aspect of the target market. The Global Battery Free RFID Sensor Market is projected to be US$ 618.9 Mn in 2021 to reach US$ 2,099.2 Mn by 2030 at a CAGR of 13.3%.

Radio Frequency Identification (RFID) is a wireless system that consists of two parts: a tag and a reader. They use electromagnetic fields to automatically identify and track objects. As a non-contact and non-line-of-sight identification and data transmission technology, RFID has been widely used as an access control and information tracking tool in various industrial and logistics processes. This advanced technology enables end users to save time and a lot of labor costs. The combination of RFID and battery-free RFID sensing technology allows its application in environmental and food quality monitoring. The demand for battery-free (RFID) sensors is increasing exponentially for different applications in cross-supply chain management, food quality monitoring, condition monitoring, and structural health monitoring processes.

The gradual preference for smart irrigation, coupled with the exponential expansion of the agricultural sector, has led to an increase in the demand for battery-free radio frequency identification sensors, thereby increasing the expected revenue of the global battery-free (RFID) sensor market. The next 10 years. These battery-free wireless soil moisture and temperature sensors are usually connected to different plants for precise asset monitoring and condition-based plant growth solutions. The expected surge in demand for food quality monitoring, the required logistics monitoring solutions, and the necessity of condition monitoring solutions are the key factors that are expected to lead to more adoption of battery-free RFID sensors, which in turn are expected to drive the financial market of this market increase.

The cold chain industry, the automotive industry, and other industries, an exponential expansion of the electric vehicle industry and the medical industry are expected to create profitable opportunities for the global battery-free RFID sensor market, such as asset tracking, monitoring and control of various products. The purpose of predictive maintenance.

Global Battery Free RFID Sensor Market Revenue (US$ Mn), 2021–2030 The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The possibility of a looming economic recession is also likely to adversely impact future investments in various sectors, more specifically the supply-chain industry. As major economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to effectively manage their respective operations. This is a primary factor that is anticipated to influence future prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to reflect the same.

Global Battery Free RFID Sensor Market Attractiveness Analysis by Equipment Type, 2014–2030

The research report on the global battery free RFID sensor market includes profiles of some of the major companies such as General Electric, Texas Instruments Incorporated., ON Semiconductor, GAO Group Inc. (GAO RFID Inc.), Metalcraft Inc., Omni-ID, Phase IV Engineering Inc., Inductosense, Axzon, Farsens, Powercast Corp.

Global Battery Free RFID Sensor Market Segmentation Based on Frequency, Application, End-Use Industry, and Region

Based on Frequency:

• Low Frequency
• High Frequency and NFC
• Ultra High Frequency

Based on Application:

• Food Quality Monitoring
• Supply Chain Management
• Structural Health Monitoring
• Other Applications

Based on End-Use Industry:

• Automotive
• Food & Beverages
• Commercial
• Aerospace & Defense
• Transportation & Logistics
• Other End-Use Industries

Based on Regions:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa