Global UHF Inlays market will reach 861.0 million US$ by the end of 2024
Published Date: 2019/9/24
According to the report, Global revenue for UUHF Inlays was valued at $ 370.7 million in 2018, and is expected to generate revenue of $ 861.0 million by end of 2024, growing at a CAGR of 15.08 % between 2017 and 2024. The sales market is projected to grow at a slightly faster pace than the dollar market, increasing from 8488.7 million units in 2018 to almost 24637.0 million units in 2024, a CAGR of 18.68 %.
Of the major players of UUHF Inlays in Global, SMARTRAC maintained its first place in the ranking in 2018. SMARTRAC accounted for 25.95% of the Global UUHF Inlays revenue market share in 2018. Other players accounted for 16.48% and 6.26%, including Avery Dennison Inc. and Shang Yang RFID Technology.
There are three major applications, including Retail, Asset Management/Inventory/Documents and Logistics. Applications within these three segments make up about 97.38% consumption volume market share in 2018.
The market is not only influenced by the price, but also influenced by the product performance. The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service.
Looking to the future years, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
Despite the presence of competition problems, due to the global recovery trend is slightly and positive attitude of the government, investor is still optimistic about this area; the future will still have more new investment enter the field.
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https://www.qyresearch.com/index/detail/903562/global-uhf-inlays-industry-research-report-growth-trends-and-competitive-analysis-2018-2025
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