Trend 1: Industry stability, fewer players, and less intense competition

After long-term supply and demand market adjustment, low-frequency RFID has become very stable on both the supply and demand sides, with fewer players. It belongs to a fully competitive market, and the industry's gross profit can maintain a good level.

Trend 2: The low-frequency card market will have a significant downward trend

The low-frequency card market includes access cards, hospital diagnosis and treatment cards, consumer membership cards, etc. In the domestic market, card products have been largely replaced by other technologies, while in the foreign market, although card products are relatively stable, HF cards are gradually replacing LF cards.

Trend 3: The animal market is the most important and largest incremental market for low-frequency RFID

At present, animal management is the main application market of LF RFID, accounting for more than 60%, because in the animal field, LF RFID has irreplaceable advantages compared to other technologies, such as anti liquid interference performance. With the gradual development of smart agriculture industry, the application of LF RFID in animal management (including animal husbandry, cats, dogs, pets, experimental mice, poultry, etc.) is gradually increasing, and has become the main incremental market in this field.

Trend 4: Projects are relatively scattered, with a high degree of industry customization

Low frequency RFID projects are not as standardized as UHF and have a high degree of customization, so players in the industry are gradually moving from single products to solutions. Many companies also tend to focus on high-frequency RFID, ultra-high frequency RFID, and even other businesses, which is related to the relatively small size and severe customization phenomenon of the low-frequency RFID market in the industry.