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2020 Market Trend of LF 125KHz RFID Wristbands and Other Products

Published byEdith atJune 24,2024

hotel RFID wristbands for access control management

Trend of LF 125KHz RFID Wristbands and Other Products

At present, RFID low-frequency wristbands and cards and other products have formed a mature production process and a stable industrial chain in China. Although the proportion of low frequency has gradually declined in recent years, low frequency RFID products are still widely used in certain fields.

Market forecast of China RFID low frequency products

2016-2022, Production and Forecast of China RFID LF Products

According to data released by the Internet of Things Media, the market demand for China RFID low-frequency products is declining year by year, mainly due to the continued shrinkage of the 125KHz RFID card application market. In 2019, China's national output of low-frequency RFID products was 460 million pieces, a decrease of 40 million pieces from 2018. Affected by the new crown epidemic in 2020, the output of low-frequency RFID products will drop significantly to 361 million pieces. After the end of the "COVID-19" epidemic, demand for cards will return to normal, especially in foreign export markets, and the overall market will rebound to a certain extent. It is expected that by 2022, my country's demand for low-frequency RFID products will rise slightly to 381 million pieces.

Predict the application of RFID low-frequency wristbands will become a new growth point

Low frequency RFID is used in various access control management such as: hotel room access control management, public place storage cabinet management, contactless RFID car keys and other fields. Mainly include theme park RFID wristbands, RFID wristbands for hotels, RFID epoxy key chains, NFC car keys, RFID access control cards and other products. In various public social occasions, wearable RFID wristbands, RFID epoxy key chains, NFC car keys and other RFID products can be operated without contact, reducing the number of people touching the same location or item.

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