Eight in ten payment terminals across the world now accept contactless payments

More than eight in ten payment terminals worldwide now accept contactless payments (82%) as the number of outlets accepting card payments globally grew by 2% in 2021 to reach 88m and the number of eftpos terminals increased by 5% to reach 134, research by RBR shows.

The firm’s ‘Global Payment Cards Data and Forecasts to 2027’ report identifies the Covid-19 pandemic together with government mandates and incentives such as tax breaks as key drivers for this growth, and predicts that the number of eftpos terminals will continue to rise, reaching a global total of 165m across 109m outlets by 2027.

In some countries, card acceptance is expanding rapidly but this is not translating into surges in card expenditure due to competition from alternative cashless payment methods.

OffGrid Launches Innovative Faraday Wallet

The OffGrid Switch Faraday Wallet transforms an everyday wallet into a high-security mobile phone case as soon as you insert your device. The wallet's hidden pocket cuts the phone off from all cell, Bluetooth, GPS, and Wi-Fi signals and places it in an electronic stealth mode. It will now be impossible to hack the device, track its location, or identify its owner.

A Faraday wallet is a type of Faraday cage. When you insert the device, it'll be surrounded by a mesh of conducting materials. If an incoming electronic field touches the cage, it will interact with this material, scrambling the field to disrupt its intent.

All panels are metal lined providing RFID protection commonly found in most wallets, but simply flip the wallet open and slide a phone in for full shielding.

This wallet is also made from premium, rugged, weather-resistant polyester and has an attractive design. It features an additional quick-access card holder for your most frequently accessed ID, debit, or credit card.

The OffGrid Switch Faraday Wallet is now available for a limited time.

ASSA ABLOY acquires Janam Technologies in the US

ASSA ABLOY has acquired Janam, a provider of handheld mobile computers and readers, based in the US. This acquisition enhances HID's event access portfolio to now also include handheld readers for scanning tickets using barcode and RFID technology, including NFC.

Janam is a strategic technological addition to the ASSA ABLOY Group and reinforces the current RFID offering.

Janam was founded in 2006 and has some 20 employees. Based in New York, it will be part of HID's Identification Technologies Business Area.

Sales in 2021 amounted to about MUSD 21 (approx. MSEK 200) with a good EBIT margin and the acquisition will be accretive to EPS from start.

TEKLYNX Named a Top Software & Technology Provider

TEKLYNX International, known for helping companies barcode better with their barcode labeling software solutions and industry-leading customer support, announced being named one of the winners of Food Logistics’ 2022 Top Software & Technology Providers award, which honors software and technology providers that ensure a safe, efficient, and reliable global cold food and beverage supply chain.

This year’s winners are investing in and implementing emerging technologies; and today’s software and technology offerings provide flexibility, efficiency, safety, visibility, and more, and offer end-to-end food safety management, from farm to fork, and beyond.

For over 30 years, TEKLYNX has helped food and beverage companies create efficiencies in labeling operations and comply with an evolving list of label requirements and regulations, including nutrition labeling, allergen labeling, Produce Traceability Initiative (PTI) labeling, and Food Safety Modernization Safety Act (FSMA) compliance.

RFID Market is Anticipated to reach $ 36 billion by 2030

The RFID market is expected to cross US$ 13.50 billion in 2022 and is projected to hit US$ 36 billion by 2030, recording a CAGR of 12% during the forecast period.

The emergence of smart-sensing RFID solutions is expected to have a snowballing impact of RFID market. Development of smart-sensing RFID would bring IoT to modern warehouse. In new solutions, sensors will permit the system to track temperature and different factors which could influence the supply chain operations. Therefore, development of advanced RFID solutions would create lucrative business opportunities for RFID market players. Moreover, with rising applications of RFID such as inventory control, vehicle tracking, and inventory management, the scope of using RFID tags is getting broaden which in turn is fueling the RFID market.

The RFID market has undergone several significant developments. In September 2022, Avery Dennison Label & Packaging Materials has showcased RFID/intelligent labeling capabilities. As the demand for RFID in labeling industry is gaining momentum, the company is seeking forward to introduce intelligent label solutions.

In August 2022, the leading automation provider in Medication Intelligence named Kit Check has declared about incorporation of RFID technology in new KinetiX Propofol syringes. These syringes are developed by a pharmaceutical company Genixus. As Propofol is one of a commonly used products in health and hospitals systems, Kit Check is focusing on changing acute and critical care medicines.

Pi Pico QR Display Hands Out WiFi Info

Nowadays you can store your wireless network’s credentials in a QR code, so that anyone who wants to connect with their smartphone need only scan the 2D barcode. Whether you print it out on paper, extrude it out of plastic, or paint the thing on the wall, it still works the same.

But what if you want to change up the encryption key every so often? Sure would be a hassle to have to repaint the wall. Enter this interesting project from Predrag Mijatovic, which uses a few scripts to automatically set up a new encrypted guest WiFi network and present the appropriate QR code on an OLED display attached to a Raspberry Pi Pico.

NOVELDA Previews Ultra-Wideband Radar Sensor

NOVELDA will give a preview of the people positioning and people tracking capabilities of its UWB radar sensors at CES 2023. An innovator in solutions for the audio video market has recently embedded NOVELDA's next-generation UWB radar sensor in its smart speakers, debuting at CES. NOVELDA's technology directs high-quality sound to wherever you are in the room.

NOVELDA UWB radar sensor development kits will be available by Q1 2023 for select companies and partners. Further development of the technology will enable object tracking, people counting, battery powered presence and much more.

Editorial Note: NOVELDA will give a preview of the NOVELDA UWB radar sensor for people positioning at CES 2023, Las Vegas, Nevada, from January 5-6. Please meet us at our Mirage Hotel suite.

NOVELDA is gaining substantial commercial traction with its NOVELDA UWB Occupancy Sensor for light control and NOVELDA UWB Proximity Sensor for LCD screens and hygiene products. Both will be ready to order in Q1 2023 and will also be demonstrated at CES. NOVELDA further announces an innovative, global company for professional lighting systems in commercial buildings as a customer of its NOVELDA UWB Occupancy Sensor and a European green tech company as a customer of its NOVELDA UWB Proximity sensor.

Newly patented vulcanizable RFID labels quickly enable the next generation Industry 4.0 wireless identification of tires

FineLine Technologies, a provider of variable data tags and labels for tire and rubber manufacturing, automotive, healthcare, and retail industries, announced that the United States Patent and Trademark Office has granted the company a new patent, Patent No. 11,263,509, which is focused on tracking and tracing of rubber products pre- and post-curing.

FineLine RFID pre-cure and post-cure labels are the result of the company’s ongoing investment in R&D, and part of a growing patent portfolio, including but not limited to Patents 10,621,485 and 11,010,654.

Using FineLine’s tire tagging expertise and decades of manufacturing experience, tire manufacturers can quickly upgrade their tire identification technology to RFID while maintaining backwards compatibility with established design and manufacturing processes.

Almost every tire manufactured today uses a barcode label, typically applied on the green tire at the building machine, with many of these pre-cure labels manufactured and supplied by Data2, a division of FineLine Technologies. The proven construction, quality, and performance are all now available in a combined barcode and RFID pre- and post-cure selection of FineLine identification products for Passenger Car (PCT), Truck and Bus Radial (TBR), Off the Road (OTR) as well as other types of tires. Using FineLine RFID products, tire manufacturers can very quickly migrate to RFID to meet OEM use case requirements, e.g., conformance, as well as a wide range of internal manufacturing, logistics, and quality use cases.

New RAIN RFID Loop Tag for Jewelers

SimplyRFiD's JT jewelry loop tag has been the standard for two years. The new JT-S loop jewelry RAIN RFID tag is 50% lower in price and 20% better performance using the latest NXP uCode9 chips. The JT-S is available for pre-order at 15c each for 1,000 pre-programmed (vs. 40c for the JT).

A loop price tag is a common look for jewelry using barcode price tags. The JT-S Loop RFID jewelry tag (available: January 2023/pre-order now) is designed to be a replacement to the legacy tag.

SimplyRFiD also publishes a how-to guide for jewelers to get started with RFID and a comprehensive guide on best-practices when creating a modern inventory system.

Smart Waste Management Systems Global Market to Reach $675.3 Billion by 2027

The continuing expansion of the global population has increased waste production, challenging cities, countries and municipalities to meet the demand for its effective disposal. A proper waste management system helps avoid spreading deadly diseases and safeguard the health of everyone. To achieve the goal of improved waste disposal, IoT-based waste management systems have been introduced in smart cities across the globe.

In a planned system, multiple waste bins are deployed across cities and linked with an embedded structure to help with tracking waste levels in different waste bins, according to their placed unique IDs. This also assists with tracking efforts that result in timely waste collection efforts. Smart waste management is characterized by the use of technology to facilitate waste management efficiency. Thus, waste collection is conducted in a more timely manner, thus avoiding delays and waste build-up that could lead to unsanitary risks.

Smart waste management helps to denote the place of waste generation from public places, residential buildings, hospitals and other institutions. Different technologies, such as vacuum containers, radio frequency identification (RFID) disposal tags and sensor containers, are used for providing real-time fill positions and overall assessments of different types of waste. Efficient and proper management of different types of waste through the overall integrated system can help minimize many issues related to climatic changes, environmental pollution and public health. Recent endemic diseases such as the coronavirus have positively impacted the waste management market by raising awareness about the disposal of products deemed hazardous to human health as well as nonhazardous.

The growing volume of e-waste is a major concern at the global level. Planned and efficient waste management technologies such as cloud management structure, RFID and gasification of hazardous substances with proper care are the driving factors for Indian Waste Management Systems market across developed economies. However, due to the huge cost of implementation during setup, service and maintenance across developing nations such as China and India will challenge market growth during the forecast period.

Occupancy Sensor Market to Generate Total Revenue of US$ 6,558.9 Million in 2032

The global occupancy sensor market is anticipated to grow at a phenomenal CAGR of around 12% during the forecast period from 2022 to 2032. The global market is expected to hold a valuation of around US$ 2,115.6 Million in 2022 and is expected to secure a valuation of US$ 6,558.9 Million in 2032. According to the analysis done by Future Market Insights in the historic period from 2016 to 2021, the global occupancy sensor market displayed a growth rate of 9.8%.

The growth of the market is attributed to the increased demand for occupancy sensors, which are primarily utilized for security purposes to prevent break-ins, burglaries, and thefts, the occupancy sensor market is growing. Furthermore, green buildings are becoming more and more common all over the world, which is anticipated to lead to market growth of occupancy sensors in the market.

This type of indoor detecting mechanism helps in altering the air temperature and ventilation within a particular area in response to the presence of individuals. Apart from stairwells, open and closed offices, corridors, and warehouses, they also find applications in residential, commercial, and industrial spaces. Additionally, occupancy sensors assist in automating motor load switching on fans, curtains, air conditioners, and a variety of other devices run by motors.

Global industrial wireless sensor network market size reached US$ 4.94 Billion

The global industrial wireless sensor network market size reached US$ 4.94 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 13.78 Billion by 2027, exhibiting a CAGR of 18.65% during 2021-2027.

An industrial wireless sensor network (IWSN) comprises tiny autonomous sensors or nodes that are physically distributed in space. It relies on radio frequency (RF) waves to monitor and communicate several conditions, such as temperature, vibration, pressure, pollutants, and motion.

It is easy to install and relocate while saving labor costs, energy, and materials compared to wired solutions. It enhances productivity as IWSN can automatically supervise processes without any manual intervention. As a result, it finds applications in machine health analysis, manufacturing, condition-based maintenance, automated metering, remote monitoring, and inventory, vehicle and personnel management.

At present, the growing demand for IWSN to improve communication between industrial devices and ensure seamless communication using wireless systems represents one of the key factors driving the market. Besides this, there is a rise in the utilization of artificial intelligence (AI), machine learning (ML), and big data analytics to analyze the large database of temperature, motion, pressure, gas, flow, and chemicals. This, along with the increasing development of network infrastructure, is contributing to the growth of the market.

Mobile Wallet Market to Hit $51.53 Billion by 2030

The mobile wallet market is expected to expand at a CAGR of 27.4% from 2022 to 2030. A mobile wallet is a technology that can carry cash in digital format.

In terms of technology, the proximity segment accounted for the largest revenue share of over 60.0% in 2021 and is expected to retain its dominance over the forecast period. Growing penetration of NFC and QR code-enabled smartphones across the world is boosting the segment growth.

The remote segment is anticipated to expand at the highest CAGR of 27.7% over the forecast period. The growth of this segment can be attributed to the increasing number of smartphone and internet users across the globe. In addition, surging demand for fast and secure payment solutions is improving the market growth.

In terms of application, the retail and e-commerce segment accounted for the largest revenue share of over 30.0% in 2021 and is expected to retain its dominance over the forecast period. Rapid growth in the global retail and e-commerce sector is creating more demand for mobile wallets.

The banking segment is expected to register the highest CAGR of 28.7% during the forecast period as numerous banks across the world are trying to set up mobile payments.

The hospitality and transportation segment is expected to witness significant growth over the forecast period. Due to ongoing concerns about sanitation and a desire to reduce contact between guests and staff members, mobile wallets are anticipated to create a notable impact on the hospitality or restaurant industry.

Apple releases AirTag firmware update 2.0.36

Apple has released an update for AirTag for unknown fixes and improvements, bringing the tracker to version 2.0.36.

The AirTag is a quarter-sized tracking device that can be used to find lost items, and isn't updated very often. .

The new AirTag firmware version replaces version 1.0.301 and version 2.0.24 on all AirTags in a slow rollout. Apple is updating 25% of the active AirTags on Monday, and the rest on Friday, December 16.

PCI publishes MPoC standard to support evolution of contactless payment acceptance solutions

The PCI Security Standards Council has published a flexible modular standard for accepting payments on a smartphone or other commercial off-the-shelf (COTS) mobile device that supports a variety of payment acceptance channels and customer verification methods including software point-of-sale (sPOS) contactless acceptance solutions.

The PCI Mobile Payments on COTS (MPoC) standard incorporates elements of the existing PCI Software-based PIN entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC) standards but also aims to provide flexibility not only in how payments are accepted, but in how COTS-based payment acceptance solutions can be developed, deployed and maintained.

Many of the requirements within the standard will be familiar to those who were already working with the existing PCI SPoC and PCI CPoC standards; however, MPoC is structured to provide a separation of the ‘technical’ or ‘development’ aspects from the ‘operational’ aspects.

UnitVisID Leads Growing RFID Use in Healthcare with Rebrand

The first membership-driven industry alliance advancing radio-frequency identification (RFID) technology in pharmaceuticals announced its rebrand to UnitVisID Alliance, as the new name for the DoseID Consortium.

The name change reflects the organization’s commitment and mission to ensure the quality, performance, and interoperability of RFID-tagged pharmaceutical products as they move through the supply chain – from manufacturing to patient use.

The confluence of the COVID-19 pandemic, drug shortages, and staff shortages have accelerated RFID technology adoption. Emergen Research forecasts that the market for RFID in healthcare will reach almost US $15 billion in 2028 globally from $4.24 billion in 2020.

With advancements in technology and innovation, RFID-tagged pharmaceutical products in the healthcare industry present opportunities to improve inventory management and, ultimately, better patient outcomes. Currently, UnitVisID is used by more than 1,000+ hospitals and healthcare organizations, and more than 210 million RFID-tagged products utilizing the UnitVisID platform have been scanned, more than any other RFID system in the US healthcare space.

The Alliance provides a unified approach with research, tools, and resources for the healthcare industry that ensures RFID-tagged pharmaceutical products work in all downstream systems in hospitals and healthcare systems. UnitVisID is open to hospitals and industry organizations. Current industry members span the pharmaceutical manufacturing ecosystem and include RFID companies, pharmaceutical manufacturers, 503B outsourcing facilities, technology and automation vendors, label converters, and service suppliers.

Amsterdam gets contactless fare payments

Passengers travelling on bus, train, tram and metro services in the Dutch capital and surrounding areas can now pay their fares by tapping onboard readers or ticketing gates at the beginning and end of their journey with their contactless debit or credit card or with their Apple or Android NFC smartphone.

Public transport providers GVB and EBS have launched the OVpay service in Amsterdam as part of a national rollout that began earlier this year.

The rollout is scheduled to be completed by 2024 with OVpay due to add support for discounted fares and season tickets soon.

Healthcare sector rapidly adopted various IoT solutions

The healthcare sector rapidly adopted various IoT solutions by creating the Internet of Medical Things (IoMT). Devices like heart monitors and pacemakers collect and send patient health statistics over various networks to healthcare providers for monitoring, analysis and remote configuration. Although many of these devices are being used in the industry, FDA approval has been a key hurdle for widespread adoption. Another hurdle is insurance, which plays a key role in the healthcare industry.

Some major factors driving investment into IoT include advanced and precise results, growing cloud-based infrastructure, and the availability of more cost-effective smart devices. However, market growth for IoT in healthcare is restrained by factors such as lack of funding and business model and data security and privacy issues.

In this report, the market has been segmented based on component, application, connectivity, end-user and geography. Based on component, the IoT in healthcare market has been categorized into medical devices, systems and software, services, and technology.

Service providers in the healthcare IoT market deliver customized and integrated programs that help companies generate consistent and improved business results and handle the entire life cycle of services. Integration of IoT medical devices involves several smart, connected devices that can be used to track patient health and alert physicians before any infection occurs.

The focus of IoT healthcare systems and networks is to minimize project delivery times and costs through device management and deployment, data security, data collection, and data analytics. Processes and software include remote device management, management of bandwidth use, data science, privacy applications and information security strategies.

The global IoT in healthcare market based on connectivity has been categorized into Wi-Fi, Bluetooth, Zigbee and other connectivity types. The Wi-Fi connectivity-type segment dominated the market in 2020. Some of the major connectivity types under the other connectivity-type segment include Loran and LTE-M. LTE-M is the wireless network of a cellular carrier, endorsed by the industry group GSMA and by the group of standards 3GPP.

Grab-and-go checkout at pop-up store L’Oréal

L’Oréal has piloted a pop-up shop in its store in Königsallee, Düsseldorf, Germany using Payfree and Avery Dennison’s advanced Self-Checkout Technology.

Avery Dennison has developed special RFID tags to meet the specific requirements of the beauty industry and its products.

Instead of queuing at checkout, customers purchase their selected products by passing them through a scanning unit, which automatically registers products via RFID tags.

Payfree has already successfully implemented its grab-and-go checkout in other retail segments, such as apparel and merchandise.

AiDot officially Joins the Connectivity Standards Alliance

AiDot smart home, a smart home ecosystem brand, has officially joined the Connectivity Standards Alliance. AiDot will support the development and popularization of the matter standard protocol as an Alliance member in the future.

The Connectivity Standards Alliance is a global organization of 550 companies working together to simplify and harmonize the Internet of Things (IoT) through technology standards, dedicated to creating, maintaining, and delivering open global standards for the IoT and the smart home.

Matter, the new smart home standard officially launched by the Connectivity Standards Alliance in October 2022, enables Matter-compliant IoT devices and ecosystems to communicate securely, removing interoperability barriers and ushering in a new era of innovation. It will mark the end of the smart home walled garden and provide a better experience for any manufacturer through a global, secure and open interoperability standard.

Some Matter-Certified AiDot product devices have already been released as pre-sales. As one of the first smart brand support the Matter protocol, users can experience Matter's interoperability, simplicity, and security through AiDot's matter-compatible products.

Current pre-sale products of AiDot are A19 and BR30 RGBTW smart bulbs which are available in more than 16 million colors and support color temperature adjustment from warm white to cool white (1800 - 6500K), and consumers can also enable the music rhythm function on the app, allowing the smart bulbs to change colors according to the rhythm of music automatically.

Leading technologies enable Chengdu to become smart city

Chengdu, capital city of Southwest China's Sichuan province, is transforming into a smart city with the development and application of the new generation information technologies such as internet of things, cloud computing, big data and artificial intelligence.

A total of 2,539 intelligent street lamps made in Chengdu were used during the Beijing Winter Olympics, demonstrating the city's technology strength.

Developed by Chengdu-based Sichuan Huati Lighting Technology Co Ltd, the lamps in the city not only provide lighting services, but are also equipped with WiFi, LED panels, charging piles, photovoltaic power generation and energy storing devices. They serve multiple functions, including 5G communication, environmental monitoring and intelligent transportation.

The lamps are also in operation in Chengdu. Based on the lamps, Huati Lighting Technology has also developed a series of smart city application scenarios and services. Its smart roadside parking system has been piloted in Chengdu's Shuangliu district, and the smart greenway system has been applied in the city's Jincheng Greenway.

Under the Chengdu municipal government's guidance to build a "Smart Chengdu", an increasing number of intelligent technology products and smart city application scenarios have been applied, changing people's way of production and life.

Barcode Scanner Market Expected to Grow at a CAGR of over 7.6% Amid Increase

The global barcode scanner market stood at US$ 7 Bn in the year 2021 and is expected to witness a CAGR of 7.6% between 2021 and 2031.

Public distribution system is turning digitized day after day. As such, there is a spike in the number of e-retailers. Barcode technology is increasingly used as an AIS (automatic identification system) for reducing human errors.

The healthcare vertical is also witnessing an increasing demand for barcode scanners, so as to manage medicinal records and averting errors with respect to data.

There are numerous fixed and handheld barcode scanners available across a wide price spectrum on the whole. Along these lines, buyers in retail environment prefer affordable handheld scanners for ascertaining flexibility and accessibility.

However, in the industrial environment, buyer chooses rugged scanners that are able to resist harsh conditions, that too, without compromising on performance parameters. These days, buyers may also opt for devices having features like Bluetooth and Wi-Fi connectivity, keyboard, and touchscreen. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Barcode Scanner Market’.

Increased Adoption of Contactless and NFC Payments Fuels Growth

USA Outdoor Payment Terminal market is growing at a steady rate over the past few years, supported by increase in population in the country along with the rising popularity of electric vehicles and government initiatives such as carbon free economy and EMV compliance law. 

Increasing adoption of contactless or near-field communications (NFC) technology for credit card payment along with groundbreaking technologies such as artificial intelligence (AI), internet of things (IoT) and other digital platforms are opening new possibilities in the market.

USA Outdoor Payment Terminal market is moderately concentrated market with Gilbarco Veeder-Root and Wayne Fueling System as the market leaders owing to the high market share on the basis of installed base of OPTs; followed by other OPT providers such as NCR corporation, IDTECH and Invenco in the market.

Advanced retrofit POS system, 5G-enabled devices and other new payment modes are expected to drive the USA Outdoor Payment Terminal market in near future.

DENSO Receives IEEE Corporate Innovation Award for Developing and Spreading Use of QR Code

DENSO Corporation announced it has received the IEEE Corporate Innovation Award from IEEE, the largest international association for electrical and electronic engineering in the world, for developing the QR Code and spreading its use globally.

The IEEE Corporate Innovation Award is presented to organizations that have made a significant global impact with innovative technologies and products and contributed to the development of electrical and electronic engineering.

The QR Code was developed in 1994 by DENSO's applied equipment engineering section (currently DENSO WAVE) as an easy-to-read code that can store a large amount of information. The innovative two-dimensional code can store about 200 times more information than barcodes and can be read at high speed. DENSO started to use the code mainly for inventory management at its manufacturing plants, and later made the patent available free of charge, enabling it to spread globally. In the early 2000s, the QR Code became familiar to the general public in line with the growing use of mobile phones equipped with cameras. Today, it is widely used in many daily life applications, including electronic tickets and cashless payments. In 2020, the QR Code was recognized as an IEEE Milestone*3 for its outstanding contribution.

Even 28 years after it was invented, the QR Code continues to evolve with the addition of new functions. DENSO WAVE developed SQRC,*4 which can carry two types of data (public and private) in a single code, Face Authentication SQRC, which can turn facial feature points into a QR Code, and Frame QR,*5 which offers design flexibility. The QR Code is contributing to personal identification, prevention of counterfeiting and information falsification, and generation of electronic tickets.

SimplyRFiD Adds Support for 128-Bit RAIN RFID Tags

SimplyRFiD's Wave version 3.3.6 now recognizes 128-Bit RFID tags as a reliable, interchangeable data format.

More than 28 billion RAIN RFID chips were deployed in 2021 and it's expected the RAIN RFID tag market will reach 35 billion in 2022.

The majority of these chips are low-cost 3 cent 96-bit RFID "product ID tags" used in supply chain logistics for retailers. The RFID product tags perform a similar function as the barcode from the 1970's, but they can be read through through a cardboard box and at a speed of 1,000 items (tags) per second.

Last month SimplyRFiD launched an update to its popular Wave App. Wave is an iOS app that uses an RFID Handheld to count your inventory.

Budapest to trial open loop contactless fare payments

Passengers travelling on the 100E airport shuttle bus operated by Budapesti Közlekedési Központ (BKK) in the Hungarian capital of Budapest will soon be able to pay their fares by tapping their physical or digital contactless credit or debit card on an on-board reader, according to NFC News.

The pilot phase is expected to start in early 2023, as a first step on the 100E direct airport bus.

The aim of the project is to provide BKK’s customers with the most comfortable travel experience possible and to promote environmentally friendly, paperless public transport with another digital solution following the success of BudapestGo.

Smart sensors market share in the UAE is expected to increase by USD 842.20 million

The smart sensors market share in the UAE is expected to increase by USD 842.20 million from 2021 to 2026, at a CAGR of 15.96%.

The emergence of industry 4.0 is notably driving the smart sensors market growth in the UAE, although factors such as technological challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the smart sensors market industry in the UAE. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge. 

The growing adoption of SoC in smart sensors is another factor supporting the smart sensors market growth in the UAE. Smart sensors are integrated with electronic components that perform functions such as data conversion, bi-directional communication, and making decisions in an industrial setup. They are enabled with microprocessors that process all the acquired data and send it to control systems.

Increasing adoption of NFC, QR codes and biometrics drives growth across cardless ATM market

The global cardless ATM market will have increased in value by US$2.11bn by 2026, an expansion driven by the growing adoption of NFC- and QR code-enabled smartphones and the emergence of biometric ATM technology.

The increased penetration of smartphones is driving market growth, especially in emerging countries, due to the rising sales of low-priced smartphones. These smartphones have several features of high-end smartphones, researchers explain.

Moreover, NFC chips enable smartphones to connect with other NFC-enabled devices in cardless ATMs for data transfer.

A smartphone can also read QR codes on the ATM screen. Such factors are expected to fuel the growth of the global cardless ATM market during the forecast period.

IoT in utilities market expected to grow to $43.78 billion

The global IoT in utilities market is expected to grow from $38.21 billion in 2021 to $43.78 billion in 2022 at a compound annual growth rate (CAGR) of 14.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The IoT in the utilities market is expected to reach $69.86 billion in 2026 at a CAGR of 12.4%.

The IoT in the utility market consists of the sales of IoT services by entities (organizations, sole traders, and partnerships) that are used for creating powerful connected networks of data flows among distributed energy resources (DERs), in-home devices, and nano/microgrids. The IoT in utilities is the concept for developing advanced solutions that improve productivity and accuracy, solve critical problems, and improve real-time decision-making.

It is used to reduce emissions, distribute energy resources, accommodate the integration of renewables, and improve reliability and efficiency.

The main types of IoT in utilities are platforms, solutions, services, and others. IoT utility solutions refer to a set of activities conducted for the development and sale of IoT in utilities for solutions.

An IoT solution is a seamlessly integrated array of technologies, including multiple sensors, to solve a problem and create new organizational value. The different technologies include sensors, RFID, and connectivity technology, which are used in various applications such as electricity grid management, gas management, water and waste management, and others.

North America was the largest region in the IoT in utilities market in 2021. The regions covered in the IoT in utilities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Pet Smart Tracker Market to Reach $2.6 Bn

According to the report, the global pet smart tracker industry was estimated at $938.9 million in 2021, and is anticipated to hit $2.6 billion by 2031, registering a CAGR of 10.3% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chains, competitive scenarios, and regional landscapes.

By pet type, the dogs segment accounted for the highest share in 2021, holding more than three-fifths of the global pet smart tracker market. This is because pet owners have now become more concerned about their pets' health, and smart solutions such as smart trackers are getting more & more popular these days. The cats segment, on the other hand, would portray the fastest CAGR of 10.9% during the forecast period. Due to significant growth in pet cat population, manufacturers of smart trackers are now concentrating on the premium & health categories of pet trackers for cats. Some smart trackers can aid with oral health, weight control, and immune system strength.

By distribution channel, the offline segment held nearly three-fifths of the global pet smart tracker market, accounting for the major share in 2021. Increase in disposable income, rise in pet humanization, and surge in awareness toward pet health have made pet parents more conscious of their pets' well-being. As a result, pet smart tracker purchase from offline stores has increased. The online segment, at the same time, would showcase the fastest CAGR of 10.9% throughout the forecast period. This is because online sales have been steadily increasing. Due to rapid development in pet humanization, availability of creative and modern solutions such as online sales that meet consumer demand has grown even more popular than before.

Growth in Emerging Printed Electronics Applications Drives Growth Coductive Ink

IDTechEx's newly released report "Conductive Ink Markets 2023-2033" comprehensively explores this crucial material technology that underpins both photovoltaics and the emerging field of printed electronics.

Based on interviews with over 30 companies, the report assesses the market for each of the 8 different conductive ink types across 15 different applications. Conductive ink types include flake-based silver, nanoparticle-based silver, copper, stretchable/thermoformable, and particle-free, while applications include photovoltaics, multiple types of printed sensors, flexible hybrid electronics (FHE), in-mold electronics (IME), and RFID/smart packaging.

Flake-based conductive inks are a longstanding technology widely used for metalizing the upper surface of photovoltaic panels for charge extraction. However, this market is unlikely to keep up with the growth in PV panels, with new technologies developing to reduce the amount of silver ink required. Instead, much of the growth will come from emerging applications across the printed flexible electronics space.

Global Soil Moisture Sensor Market size is expected to reach $464.2 Million by 2028

Reportlinker.com announces the release of the report Global Soil Moisture Sensor Market Size, Share & Industry Trends Analysis Report By Application, By Connectivity, By Sensors, By Regional Outlook and Forecast, 2022 - 2028.

Soil sensors quantify the volumetric water content indirectly with the use of other soil properties, such as dielectric constant, neutron interaction, electrical resistance, and moisture replacement.

Soil moisture sensors determine the soil’s volumetric water content. The relationship between the obtained property and soil moisture should be calibrated and may change based on environmental conditions such as temperature, soil type, or electric conductivity. Reflected microwave radiation is impacted by soil moisture and is utilized in hydrology and agriculture for distant sensing.

Farmers and gardeners may utilize probing instruments that are mobile. Typically, soil moisture sensors refer to sensors that assess the volumetric water content of the soil. These sensors are commonly called soil water potential sensors and also include gypsum and tensiometers blocks. They detect water potential, another aspect of soil moisture.

The relationship between the computed property and soil moisture must be modified and may vary based on ecological parameters, such as temperature, soil type, and electric conductivity. The reflected microwave emission can be affected by soil moisture and is mostly employed in agriculture as well as remote sensing under hydrology.

SmartHEAL sensor tells you if wound may be infected using RFID

The SmartHEAL sensor was designed by Ph.D. students from Warsaw University of Technology and it is able to measure the pH balance of a wound without having to open the bandage or dressing.

It has an electronic pH sensor that is printed onto a bandage-like textile backing. It uses radio frequency identification or RFID to give you the data that you need. All you have to do is use a mobile device and pass it over the sensor and it can tell you if the pH levels are still okay or if it’s in danger of giving you an infection.

Connected Logistics Market Size & Share Set to Reach USD 71.10 Billion by 2030

According to a research study, the global connected logistics market size & share was valued at USD 16.11 billion in 2021 and is expected to reach USD 71.10 Billion by 2030, growing at a CAGR of 18.1% during the forecast period.

Connected logistics is a set of interconnected wireless sensor devices, joints, and Internet of Things (IoT) technologies that enhance operating efficiency in the logistics industry. With this technology, logistical businesses can gain real-time updates, interoperability, and access to required information. Connected logistics is not just about the Industrial Internet of Things, but it also includes services, security, the cloud, big data analysis, and several other third-platform technologies.

Connected logistics includes other associated logistics operations such as tracking, monitoring, asset management, warehouse management, as well as order processing, financial transactions, dispatching, and shipping. These technologies enhance process transparency which helps companies in becoming more client-focused and productive, thus driving the connected logistics market size.

Global RFID Locks Market to Reach $8.3 Billion by 2027

The global market for RFID Locks estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$8.3 Billion by 2027, growing at a CAGR of 12.2% over the analysis period 2020-2027. Key Cards, one of the segments analyzed in the report, is projected to record a 12.3% CAGR and reach US$6.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Wearables segment is readjusted to a revised 12.7% CAGR for the next 7-year period.

The RFID Locks market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 10.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR.

In the global Mobile Phones segment, USA, Canada, Japan, China and Europe will drive the 11.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$285.4 Million in the year 2020 will reach a projected size of US$616.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Worldwide IoT in Retail Industry is Estimated to Reach $177.9 Billion by 2031

The IoT in retail market was valued at $28.14 billion in 2021, and is estimated to reach $177.90 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.

Internet of Things (IoT) describes the network of physical objects that are embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet. These devices range from ordinary household objects to sophisticated industrial tools.

Over the past few years, IoT has become one of the most important technologies across the globe. IoT devices share the data that is collected by IoT sensors or other edge devices where data is sent to cloud server to be analyzed. These devices further communicate with other related devices and act on the information they get from one another. These devices do most of their work without human intervention, although people can interact with these devices.

Use of IoT in the retail industry is closely related to GPS and RFID technologies that help brands track products throughout the entire supply chain process. It gives retailers visibility they need to track product movement, conditions, and track location, as well as predict an exact delivery time.

Factors such as effective store space monitoring, inventory management, supply chain management, and customer behavior monitoring drive demand for internet of things (IoT) in the retail market. Moreover, optimizing and automating the supply chain is one of the main factors for IoT adoption among retailers. Connectivity technologies, including digital signage, top-of-the-shelf displays, beacons, and price displays, provide opportunities for a brand to access large volumes of data on customer activity during in-store shopping.

However, data security & privacy concerns and high implementation & maintenance cost of IoT devices restrain growth of the market globally. On the contrary, reduction in cost of connected devices and IoT traction among SMEs is expected to create lucrative opportunities for expansion of the IoT in retail market globally.

The IoT in retail market is segmented on the basis of offering, organization size, deployment, application, and region. On the basis of offering, the market is segmented into solutions and services. Depending on solutions, the market is segmented into hardware and platforms. Depending on platforms, the market is segmented into device management, application management, and connectivity management.

According to organization size, it is fragmented into large enterprises and SMEs. On the basis of deployment, the market is segmented into cloud and on-premise. Depending on application, the market is segregated into supply chain operations management, customer management, sales & customer management, asset management, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Robustel 5G IoT EDGE Computing Gateway certified by Microsoft Azure and Amazon Web Services (AWS)

Robustel's latest IoT device the EG5120 5G Edge Computing Gateway is now listed in the Microsoft Azure certified device catalogue and also Amazon Web Services (AWS) IoT Greengrass.

The EG5120 helps to seamlessly extend Azure & AWS based IoT cloud services and intelligence to the network edge, and allows customers using Azure and AWS to quickly & seamlessly deploy IoT applications in verticals including autonomous driving, smart cities, industrial IoT (IIoT), smart energy, robotics, and more.

With Azure IoT and AWS IoT Greengrass, customers can securely connect, configure, manage, monitor and maintain edge devices and customize applications for field devices, including streaming analytics, machine learning, image recognition and other high-value AI applications that are deployed from the cloud to the edge for local execution,  to dramatically reduce the time and cost of connecting various sensors and devices from the edge to the cloud.

Canon U.S.A., Inc. Joins Forces with TEKLYNX on Label Printer Drivers

Canon U.S.A. in collaboration with TEKLYNX International announced the development of new TEKLYNX native printer drivers for Canon's on-demand color label printer lineup.

These drivers are compatible with Canon's LX-D1300, LX-D5500, and LX-P1300 label printers. With TEKLYNX barcode and label design software, and the new drivers, these Canon label printers are designed to help produce a high volume of labels for production use, speed up the label design process, and allow users to easily create unique, eye-popping, and colorful labels.

TEKLYNX created these drivers for a positive user experience. TEKLYNX barcode label design software products – LABEL MATRIX, LABELVIEW, and CODESOFT – will help Canon label printer users maintain their respective brand consistency, with the ability to create preformatted templates which help increase the accuracy of the prints.

There is an easy-to-use label design interface, and users can create hundreds of different barcodes along with variable data. Companies using the software will be better equipped to manage on-demand color labeling solutions to help meet customer requests and optimize print output. The Canon label printers, when combined with the TEKLYNX software, can benefit companies in industries such as manufacturing, packaging, retail, wholesale, and transportation/shipping.

The TEKLYNX barcode and label design software is now available for purchase from authorized TEKLYNX resellers. The new drivers for the Canon label printers are available for download at no additional charge from the TEKLYNX website after purchasing the software.

RFID Sticker On Bike Helmet Grants Garage Access

Developer Glen managed to open his garage door by way of an RFID sticker on his bike helmet as simple. Controlling the actual garage door was the easy part. All that took was soldering two wires across the switch contacts of a spare garage door opener remote, and using a relay to close the contacts.

Schreiner PrinTrust's RFID chip stickers assist parking permit program in Austria

Schreiner PrinTrust, a Germany-based developer of customized RFID solutions and security labels for system and service providers, is supplying universally adopted stickers for a next-generation parking system in Vienna, Austria.

Austria’s capital city utilizes connected parking zones for all residents, complete with standardized prices and parking periods. Visitors must park in lots, and are encouraged to park in “p+r” parking garages and use public transportation.

The city has devised a system that is uniform, understandable and fair to residents, with a goal of halving daily commuter traffic by 2030.

ITRI Introduces High Resolution Full-Color Micro LED Display for AR Glasses

Almost 30 billion RAIN Radio Frequency Identification (RFID) tag integrated circuits (IC) were sold worldwide in 2021 resulting in a 36% increase over 2020 sales according to research released today by the RAIN Alliance.

The RAIN RFID Market Research Report from VDC Research predicts IC shipments are expected to scale to 88.5 billion by 2028, a CAGR of 25.1%. Supply chain upgrades and use of more sustainable solutions is helping to drive the increases in adoption of RAIN RFID solutions.

“There has been a dramatic shift in the RAIN RFID market over the past 24 months with several blue-chip announcements adding momentum and changing market dynamics creating a premium for the benefits that RAIN RFID provides,” said David Krebs, executive vice president, VDC Research. “Investment in RAIN RFID solutions is still somewhat closely tied to inventory management but it is increasingly trending toward more application opportunities.”

Track and trace solutions market is expected to reach USD 8.6 billion

The global track and trace solutions market is expected to reach USD 8.6 billion from USD 4.8 billion in 2022, at a CAGR of 11.6% during the forecast period.

The major factors contributing to the growth of this market include the increasing regulatory burden on end-user segments for the implementation of serialization solutions and increasing awareness on brand protection. On the other hand, huge set up costs that require high upfront capital investments is expected to limit the market growth to some extent.

In 2021, the software solutions segment accounted for the largest share of 60.6% of the track and trace solutions market. The major factor contributing to the growth of this market includes growing awareness about the counterfeit products in the market that necessitates the implementation of track and trace solutions. However, standalone platforms segment are expected to grow a a highest CAGR of 15.3% during the forecast period owing to the increase in the demand for these platforms that reduce implementation timeframe and provide end-to-end traceability.

In 2021, serialization solutions segment account for the largest share of 62.3% of the applications market. This segment is also expected to witness the highest growth rate of 12.08% during the forecast period. The major factor contributing to the growth of this segment include high regulatory burden on the end-user segments to implement serialization solutions in order to prevent the entry of counterfeit products in the supply chain.

In 2021, 2D barcodes accounted for the largest share of 75.8% of the technology market. The major factor contributing to the growth of this segment include the growing adoption of 2Dbarcodes technology in the end-user segments owing to its large data storage capacity. However, RFID segment is expected to witness the highest CAGR of 13.2% due to its growing demand for automating pharmaceutical distribution systems and improving product visibility.

Global IoT in Healthcare Market is projected to reach US$ 181.4 Bn in 2022

The global IoT in Healthcare Market is worth US$ 181.4 Bn as of now, and expected to reach US$ 952.3 Bn by the year 2032 at an unparalleled CAGR of 18% between 2022 and 2032. Ever increasing usage of Internet of Things (IoT) based connected devices in healthcare sector and software solutions in healthcare oriented operations are humungous key factors driving this market growth.

Other vital factors such as rising chronic condition incidence, rising geriatric population presence of a large target patient population, rising diagnosis rate, rising patient awareness about IoT-based portable diagnostic devices, and improvements in overall healthcare infrastructure are also expected to propel market growth.

AI, ML, and NLP are helping in analysing the health of the patient. At the same time, security-related risks of IoT in the healthcare vertical can't be ignored. This factor may restrain the IoT in healthcare market. Future Market Insights has walked through these facts with insights in its latest market study entitled 'IoT in healthcare Market'.

North America holds a noteworthy market share. This could be reasoned with an increasing emphasis on health management all over the US.
Europe is also expected to grow on a linear note with the UK and France leading from the front. This could be attributed to growing demand for telemedicine, mHealth, and EHRs (electronic health records).

The Asia-Pacific is expected to grow at the fastest rate in the IoT in healthcare market with South Korea, India, China holding the baton.

LATAM is expected to pick up pace in future with increasing focus of the governments in improving healthcare system. For example – different ministries of Brazil, in February 2020, announced collaboration for integrating IoT schemes in healthcare sector.

Somalytics SomaCap Sensor Honored by CES Innovation Awards

The Consumer Technology Association recognized Seattle-area technology pioneer Somalytics Inc. as a 2023 CES Innovation Awards honoree in the Embedded Technology category for SomaCap — a new type of capacitive sensor.

Somalytics is advancing the human experience with the Internet of Things through revolutionary new sensors that dramatically enhance natural interaction with and control of the digital world.

The patent-pending carbon-nanotube paper composite capacitive sensors can "feel" human presence at up to 200 mm, making them a valuable embedded technology for companies and developers seeking to revolutionize human-machine interfaces, wellness monitoring and safety applications. Somalytics' eye, gesture, touch and fluid monitoring sensors offer transformative solutions for eye tracking, consumer electronics, IoT, health and wellness, transportation, and more. The possibilities are nearly limitless.

Somalytics sensors are disruptive because they deliver greater sensitivity in a smaller size and at a lower cost than other available sensor technologies. They have unique properties that will enable IoT and human experience in ways that were not possible before. The tiny, yet powerful nanotechnology infused paper capacitive sensors range in size from 1 mm to 11 mm and are as thin as a human hair.

In August, Somalytics closed a seed funding round of $1.9 million to launch mass production of its award-winning new sensors and develop concepts for consumer tech product development.

RFID tags market is predicted to reach a value of $8.88 billion

The radio-frequency identification (RFID) tags market is predicted to reach a value of $8.88 billion in 2022, having increased at a compound annual growth rate (CAGR) of 5.3% since 2015.

 The global radio-frequency identification (RFID) tags market size is expected to grow from $8.88 billion in 2020 to $13.56 billion in 2025 at a rate of 8.8%. The global radio-frequency identification (RFID) tags market growth is then expected to increase at a CAGR of 8.3% from 2025 and reach $20.18 billion in 2030. IoT technology adoption by different industries is expected to drive the RFID tags market in the forecast period.

Technological advancements are an inevitable dimension driving improvements in RFID tags. For instance, in September 2020, Avery Dennison, a US-based producer and seller of RFID tags, launched its dual-technology AD-362r6-P inlay in a single die-cut label. The tag combines item-level tracking with the digital ID capabilities of a high-performance RAIN RFID (UHF) tag suitable for a wide range of retail apparel products and applications with the secondary loss prevention functionality of an Electronic Article Surveillance (EAS) tag.