PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567149
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1567149
Rfid Enabled Smart Cabinets Market, By Type, By Component, By Cabinet Type, By End User, By Geography
Global RFID enabled smart cabinets market is estimated to be valued at USD 623.1 Mn in 2024 and is expected to reach USD 1,230.2 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 623.1 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 to 2031 |
| Forecast Period 2024 to 2031 CAGR: | 10.20% | 2031 Value Projection: | US$ 1,230.2 Mn |
RFID enabled smart cabinets witness widespread adoption across several industries, in order to streamline inventory management processes. RFID technology help to automate tasks like item tagging, tracking stock levels in real-time, generating replenishment alerts, and expediting the pick, pack, and shipping operations. The cabinets are integrated with IoT sensors and cloud-based software to provide remote visibility and control over inventory. This helps businesses to minimize out of stock situations, reduce overstocking costs, track expiry dates of perishable items, optimize shelf space, and gain useful insights into consumption patterns. With global focus on supply chain resilience and automation gaining precedence post-pandemic, there will be huge demand for RFID enabled smart cabinets in the near future.
Market Dynamics:
Global RFID enabled smart cabinets market growth is driven by growing need for real-time inventory visibility across industries. Rising demand for automation and optimized inventory management in the healthcare and retail sectors has boosted adoption. However, high upfront costs associated with cabinet hardware and RFID tags can hamper the market growth. Organizations seek opportunities in advanced RFID technologies like passive ultra-high frequency (UHF) tags that can improve the range and read accuracy. Cloud-based software platforms offer enhanced data analytics capabilities for decision making. Manufacturers are focused on developing affordable and scalable solutions to address a wider customer base. Partnerships with systems integrators can expand the reach of these solutions.
Key features of the study:
This report provides in-depth analysis of the global RFID enabled smart cabinets market, and provides market size (USD Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global RFID enabled smart cabinets market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Mobile Aspects, LogTag, Terson Solutions, WaveMark, Solstice Medical, and Sato Vicinity
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global RFID enabled smart cabinets market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global RFID enabled smart cabinets market
Detailed Segmentation-
- Type Insights (Revenue, USD Mn, 2019 - 2031)
- Standalone Smart Cabinets
- Integrated Smart Cabinets
- Component Insights (Revenue, USD Mn, 2019 - 2031)
- RFID Tags
- RFID Readers
- RFID Antenna
- Others
- Cabinet Type Insights (Revenue, USD Mn, 2019 - 2031)
- Medication Cabinets
- Supply Cabinets
- Equipment Cabinets
- Inventory Cabinets
- End User Insights (Revenue, USD Mn, 2019 - 2031)
- Hospitals and Clinics
- Bio-Pharmaceutical Companies
- Manufacturing Facilities
- Others
- Regional Insights (Revenue, USD Mn 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- LogiTag Systems
- Solstice Medical
- Mobile Aspects, Inc.
- TAGSYS RFID
- WaveMark (Cardinal Health)
- Terso Solutions, Inc.
- Sato Holdings Corporation
- Stanley Healthcare
- Invengo Technology Pte. Ltd.
- Grifols, S.A.
- Alien Technology, LLC
- Impinj, Inc.
- Honeywell International, Inc.
- Motorola Solutions, Inc.
- Siemens Healthineers AG
- 3M Company
- GAO Group Inc.
- RF Technologies, Inc.
- Radianse
- CAEN RFID S.r.l.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Component
- Market Snapshot, By Cabinet Type
- Market Snapshot, By End User
- Market Snapshot, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Impact Analysis
- Market Trends
- Key Developments
- Regulatory Scenario
- Acquisitions and Partnerships Scenario
- Funding and Investments
- PEST Analysis
- Porter's Analysis
4. Global Rfid Enabled Smart Cabinets Market - Impact of Coronavirus (COVID-19) Pandemic
- Overall Impact
- Government Initiatives
- COVID-19 Impact on the Market
5. Global Rfid Enabled Smart Cabinets Market, By Type, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Standalone Smart Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Integrated Smart Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Rfid Enabled Smart Cabinets Market, By Component, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- RFID Tags
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- RFID Readers
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- RFID Antenna
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Rfid Enabled Smart Cabinets Market, By Cabinet Type, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Medication Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Supply Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Equipment Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Inventory Cabinets
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
8. Global Rfid Enabled Smart Cabinets Market, By End User, 2019 - 2031, (USD Mn)
- Overview
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals and Clinics
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Bio-Pharmaceutical Companies
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Manufacturing Facilities
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Overview
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
9. Global Rfid Enabled Smart Cabinets Market, By Region, 2019 - 2031, (USD Mn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 - 2031, (USD Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Component, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Cabinet Type, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 - 2031, (USD Mn)
- North Africa
- Central Africa
- South Africa
10. Competitive Landscape
- Company Profiles
- LogiTag Systems
- Company Highlights
- Component Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Solstice Medical
- Company Highlights
- Component Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- Mobile Aspects, Inc.
- Company Highlights
- Component Portfolio
- Key Highlights
- Financial Performance
- Market Strategies
- TAGSYS RFID
- WaveMark (Cardinal Health)
- Terso Solutions, Inc.
- Sato Holdings Corporation
- Stanley Healthcare
- Invengo Technology Pte. Ltd.
- Grifols, S.A.
- Alien Technology, LLC
- Impinj, Inc.
- Honeywell International, Inc.
- Motorola Solutions, Inc.
- Siemens Healthineers AG
- 3M Company
- GAO Group Inc.
- RF Technologies, Inc.
- Radianse
- CAEN RFID S.r.l.
- LogiTag Systems
11. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
12. References and Research Methodology
- References
- Research Methodology
- About us and Sales Contact
