Japan Radio-Frequency Identification (RFID) Market Research Report, 2029

RFID technology, which utilises wireless communication to identify, track, and manage objects or individuals, has witnessed substantial growth and adoption across various sectors in Japan. With its ability to enhance operational efficiency, optimise supply chain management, and improve overall business processes, RFID has become an integral component of Japan's evolving digital infrastructure. The market's expansion is driven by a convergence of factors, including the country's commitment to technological innovation, the demand for seamless logistics solutions, and the continuous pursuit of smart, connected ecosystems. As businesses and industries in Japan increasingly recognise the transformative potential of RFID, the market is poised for sustained growth, presenting opportunities for both domestic and international players to contribute to and benefit from this dynamic and evolving landscape. Japan's RFID market has seen significant early adoption in the retail sector. Major retailers in the country have embraced RFID technology to streamline inventory management, reduce stockouts, and enhance the overall shopping experience. RFID tags are used to track merchandise throughout the supply chain, from manufacturers to warehouses and retail shelves, allowing for real-time inventory visibility. Japan has shown a keen interest in leveraging RFID technology within the healthcare sector. RFID plays a crucial role in patient tracking, asset management, and medication monitoring in hospitals. The technology contributes to improving patient safety, reducing errors, and enhancing overall healthcare efficiency. According to the research report "Japan Radio-Frequency Identification (RFID) Market Research Report, 2029," published by Actual Market Research, the Japan Radio-Frequency Identification (RFID) market is expected to reach a market size of more than USD 1 Billion by 2029. Japan has a long history of leading the world in technical innovation. The nation's propensity to embrace and use cutting-edge technologies is a major factor driving the expansion of the RFID market. Japan is also a unique country that relies heavily on convenience stores, which are called "konbini." There were more than 55,000 convenience stores as of December 2018, according to the Japan Franchise Association, and the number has been steadily increasing since the 1970s. The labour force shortage that would have a particularly severe impact on the retail industry was addressed by the Japanese government. Using radio-frequency identification (RFID) technology, the Ministry of Economy, Trade, and Industry (METI) initiated an initiative in 2017 to encourage automation in the retail sector. In order to implement electronic tags for all products sold in their convenience stores by 2025—roughly 100 billion products annually—the Ministry of Economy, Trade, and Industry reached an agreement with five major convenience stores: Seven-Eleven Japan, FamilyMart, Lawson, Ministop, and New Days. Japanese companies understand the potential of RFID to give them real-time supply chain information, particularly in sectors like manufacturing, transport, and retail. Accurate and quick inventory management and monitoring improve overall operating efficiency by cutting expenses and minimising mistakes. The Japanese government has actively supported the adoption of RFID technology through various initiatives and policies. Government backing not only provides financial incentives but also creates a conducive regulatory environment for the widespread implementation of RFID solutions. This support has been particularly evident in sectors such as healthcare, transportation, and public services. Based on the product types, there are segmented tags, readers, and software and services. Among them is the growing market for RFID tags, which provide a powerful tool for supply chain visibility, allowing businesses to track and trace products in real-time. In Japan, where efficient supply chain management is crucial for industries like manufacturing and retail, RFID tags offer a solution to streamline logistics, minimise errors, and optimise inventory control. This heightened visibility supports better decision-making and operational efficiency. Furthermore, the RFID tags are instrumental in automating and improving inventory management processes. Japanese businesses, particularly in the retail sector, have recognised the value of RFID tags in reducing stockouts, preventing overstock situations, and ensuring accurate stock levels. The automation capabilities of RFID contribute to faster and more accurate inventory counts, improving overall efficiency. Active RFID tags are growing markets which transmit more data. This feature is valuable in applications where additional information, such as sensor data or environmental conditions, needs to be communicated along with the asset's identity. Industries in Japan leverage this capability for applications like cold chain monitoring in the transportation of temperature-sensitive goods. The integration of active RFID technology with the Internet of Things (IoT) is a significant driver of its growth. The ability to connect active RFID systems with other IoT devices and platforms enables comprehensive data analysis and facilitates the development of smart, interconnected ecosystems. This integration aligns with Japan's focus on technological innovation. According to the frequency, it is segmented into low frequency, high frequency, and ultra-high frequency. Among them, the ultra-high frequency is a growing segment. UHF RFID systems support high throughput and data transfer rates, enabling quick and efficient identification of multiple items simultaneously. This capability is crucial in scenarios where a large number of items need to be processed rapidly, such as in retail environments during inventory management or checkout processes. UHF RFID is often associated with Electronic Product Code (EPC) standards, which are widely adopted in supply chain management. EPCglobal standards provide a framework for uniform product identification and data exchange, promoting consistency and interoperability in RFID implementations. Japanese businesses, particularly those involved in global supply chains, find UHF RFID's alignment with EPC Global standards advantageous. Based on the end user, they are bifurcated into Retail, Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defence, Animal Tracking/Agriculture, Commercial, Security and Access Control, and Others. Among them, in Japan, Animal Tracking/Agriculture significantly contributes to the market. RFID tags are employed in the identification and tracking of individual animals in the livestock industry. This is particularly valuable in Japan, where precision in livestock management is essential for maintaining herd health, preventing the spread of diseases, and ensuring proper breeding practices. RFID-enabled systems allow farmers to monitor the movement, health, and reproductive status of each animal, contributing to more efficient and sustainable farming practices. RFID technology is instrumental in the development of automated monitoring systems for livestock. In Japan, where labour efficiency is crucial, RFID-enabled systems can automatically track and manage animals' health, feeding patterns, and other vital parameters. This automation helps farmers make informed decisions, reduce manual labour, and enhance overall operational efficiency.

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Considered in this report: • Geography: Japan • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Japan RFID market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Products Types: • Tags • Readers • Software & Services

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By Tag Types: • Passive • Active By Frequency Types: • Low Frequency • High Frequency • Ultra-High Frequency By End User • Retail • Healthcare • Logistics & Supply Chain • Transportation • Aerospace & Defense • Animal Tracking/Agriculture • Commercial • Security and Access Control • Others

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The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Radio-Frequency Identification (RFID) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.