Ultra high frequency (UHF) RFID (Radio Frequency Identification) sensor-based tags are growing popular as a solution to track every COVID-19 vaccine vial right from receipt at a clinic to a patient’s arm. Companies in the RFID sensor market are capitalizing on this opportunity to help stakeholders detect the temperature and liquid level of each vial being stored & then used to administer vaccines to patients.
Lyngsoe Systems – a software company in Aars, Denmark, is gaining recognition for developing RFID sensor based tags combined with Bluetooth Low Energy (BLE), which facilitates real-time management of vaccine and freezer temperatures. Software companies in the RFID sensor market are taking the opportunity to automate data collection regarding the administration of vaccines and help users to confirm the temperature of a given vaccine.
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Security, Convenience Compensate Disadvantages of Hacking, Expensive Set-up for RFID
The RFID sensor market is projected to cross US$ 18.52 Bn by 2031. Despite numerous advantages of RFID solutions, disadvantages such as hacking, power shortage issues, and expensive set up are affecting market growth. Hence, companies including Schneider Electric India are providing a wide range of RFIS systems and sensors for smart operations.
Advantages such as increased security, convenience, and master card functionality in limit switches, proximity, and presence sensors are compensating for the disadvantages of RFID. Industries including manufacturing, construction, and chemicals, among others, are grabbing attention of stakeholders. RFID helps to capture all the digital data encoded in RFID tags via radio waves, which adds to user convenience.
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RFID Anti-theft Hard Tags Help Retailers Protect High-risk Products
The RFID sensor market is expected to expand from an output of 18,836.5 million units in 2021 and surpass 49,116.4 million units by 2031. The ever-growing retail industry is creating stable revenue streams for companies, and it is evident since retail is anticipated to dominate the second highest revenue amongst all end-use industries in the RFID sensor market.
Sensormatic – a provider of retail technology solutions is being known for its RFID-based anti-theft hard tags that help retailers protect merchandise. Manufacturers in the RFID sensor market are boosting their production capabilities in retail hard tags to help users protect high-risk product categories.
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Preference for RFID Tags over GPS Tags for Studying Athlete Performance
Sports performance coaches study their athletes moving in all directions over fractions of a meter. Such findings are creating value grab opportunities for companies in the RFID sensor market, since coaches are in the need for RFID tags that deliver sampling rates in the hundredths of a second. These tags can be placed on a runner’s shoe or shirt, without impacting their performance.
The size of RFID sensors is being preferred over GPS (Global Positioning Systems) sensors used in sports training and performance. Such trends are translating into incremental opportunities for companies in the RFID sensor market, particularly in the space of football.
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