Increasing Security Concerns and Growing Shipping & Logistics Industry Driving Sales of Active RFID Batteries
Wilmington, Delaware, United States, April 20, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc
According to a recent report, the global market for batteries for active RFID is expected to grow by an impressive 12.8% between 2023 and 2031. The demand for these batteries is being propelled by the increasing security concerns across various industries and the rapid growth of the shipping and logistics sector. As businesses continue to prioritize the security of their assets and the efficiency of their operations, the need for reliable and long-lasting batteries for active RFID tags is on the rise.
Active RFID technology allows for real-time tracking and monitoring of assets, making it an essential tool for businesses looking to optimize their supply chain management and enhance overall security. These batteries play a crucial role in powering active RFID tags, ensuring that they can transmit data accurately and efficiently. With the global market for batteries for active RFID projected to reach US$ 19.6 billion by 2031, it is clear that this technology is set to become even more prevalent in the coming years.
Growing at a CAGR of 12.8% from 2023 to 2031: TMR Study
The continuous advancements in active RFID technology, coupled with the increasing adoption of these systems across various industries, are expected to drive the growth of the batteries market. As businesses strive to improve their operational efficiency, reduce costs, and enhance security measures, the demand for batteries for active RFID tags will continue to surge.
Manufacturers in the batteries for active RFID market are focusing on developing high-performance batteries that offer longer lifespan, higher capacity, and improved reliability. These advancements will not only cater to the current needs of businesses but also pave the way for future innovations in the field of active RFID technology.
In conclusion, the increasing security concerns and growing shipping and logistics industry are fueling the demand for batteries for active RFID tags. With the market expected to grow at a CAGR of 12.8% from 2023 to 2031, it is evident that active RFID technology is set to play a significant role in shaping the future of supply chain management and asset tracking.
How This Will Affect Me
As a consumer, the uptake of active RFID technology in the shipping and logistics industry is likely to result in faster and more reliable delivery of goods. With improved tracking capabilities, you can expect better visibility into the status of your orders and increased security measures to protect your shipments.
How This Will Affect the World
The widespread adoption of active RFID technology and the growth of the batteries market will have a profound impact on industries around the world. From enhancing supply chain efficiency to improving asset tracking and security measures, the benefits of this technology will extend to businesses and consumers globally.
Conclusion
The future of active RFID technology looks promising, with the market for batteries expected to witness significant growth in the coming years. As businesses continue to prioritize security and efficiency, the demand for reliable batteries for active RFID tags will only increase, driving innovation and advancements in the field. With the potential to revolutionize supply chain management and asset tracking, active RFID technology is poised to play a vital role in shaping the future of various industries.
