Description

Recent plant automation trends have boosted the demand for RFID in the manufacturing sector, particularly in automotive and aerospace manufacturing which focuses on process efficiency. Loss/theft of assets, misplaced tools, and uncoordinated inventory management disrupt production in a plant and cause monetary losses. RFID helps track assets, tools, and work-in-progress. The advent of Industry 4.0 and the ongoing digitalization will increase the uptake of RFID in the manufacturing industry.

With rising digitization and omnichannel business models, customers are always on the lookout for technologies that help them track assets, maintain product availability, and strengthen brand image. RFID technology improves inventory management, loss prevention, and retail analytics. RFID ensures end-to-end visibility through source tagging and enhances business process efficiency.

In the retail industry, RFID technology is vital, as it has helped the industry evolve from pallet-/case tagging to item-level tagging and omnichannel retain. RFID printers, as a result, are gradually gaining prominence, as end users can print their own tags for use in various applications.

The Frost Radar™ reveals the market positioning of companies in an industry using their growth and innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles of the companies, based on their strengths, opportunities, and a small discussion of their positioning on the Frost Radar™.

Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the growth and innovation indices are recognized as best practice recipients. The companies we have included in this Frost Radar™ are Zebra Technologies, SATO, Avery Dennison, Toshiba TEC, Printronix Auto ID, Honeywell, Postek Technologies, Seagull Scientific, Bixolon, and NiceLabel.

Author: Ram Ravi