Global RFID
Market Report
2024
As per Cognitive Market Research's latest published report, the Global RFID market size was USD 1.81 Billion in 2022 and it is forecasted to reach USD 2.96 Billion by 2030. RFID Industry's Compound Annual Growth Rate will be 7.17 % from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global RFID market size was USD 1.81 Billion in 2022 and it is forecasted to reach USD 2.96 Billion by 2030. RFID Industry's Compound Annual Growth Rate will be 7.17 % from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global RFID Market Sales Revenue 2030 | $ 2.96 Billion |
Global RFID Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 7.17% |
Market Split by Product Type |
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Market Split by End Use |
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Market Split by Frequency |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of RFID industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
RFID Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Radiofrequency identification is a significant part of daily life, which is the use of technology increasing continuously. This is designed to things, trace, recognize, and animals used in radio waves devices. RFID is joined antenna and circuit to transmit data to the RFID reader which is received a signal from an RFID reader and responds with the signal holding information. In addition, this is a variety of sizes and shapes and it is either active or passive.
Increasing demand for RFID solutions in the healthcare, retail, and banking sectors is the key factor expected to drive the growth of the RFID market. In addition, increasing government initiatives to improve RFID-based solutions across several industries and disposable income in developing countries such as South Korea, Dubai, India, and Brazil. This is expected to boost the growth of the RFID market.
Increasing smart manufacturing, the internet of things, and the adoption of RFID for industry 4.0 are projected to create growth opportunities for the RFID market in the forecast period.
The high rise related to privacy and data security is the key factor anticipated to hamper the growth of the RFID market.
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Avery Dennison has launched dual-frequency RFID inlay
In June 2022, Avery Dennison Corporation has launched a new dual-frequency (DF) range of RFID inlays, which provides RAIN RFID (UHF) and combined NFC (HF) functionality for cost-effective item-level tagging in a slimmed-down form factor.
Source: https://rfid.averydennison.com/en/home/news-insights/press-releases/avery-dennison-launches-new-dual-frequency-rfid-inlays-for-industrial-and-healthcare-applications.html
Top Companies Market Share in RFID Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific has the largest revenue share in the RFID market. This is due to increasing AIDC technology adoption, awareness, and government investments in infrastructure security in manufacturing, retail industries, BFSI, and demand for RFID solutions in the region. This is anticipated to drive the growth of the RFID market in the region.
The current report Scope analyzes RFID Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global RFID Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing RFID Industry growth. RFID market has been segmented with the help of its Product Type, End Use Frequency, and others. RFID market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on product type, the tags segment has the largest revenue share in the RFID market. This is due to the rising adoption of the Internet of Things devices likely to drive the growth of the tags RFID market.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of RFID Industry. Request a Free Sample PDF!
Based on end use, the retail segment has the largest market share in the RFID market. This is owing to the rising demand for RFID in the retail sector expected to drive the growth of this segment in the target market.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the RFID market report 2024 Edition by contacting our team.
Based on frequency, the ultra-high frequency segment has the major revenue share in the RFID market. This is attributed to the increasing demand for multiple tracking applications to read objects and trace and UHF tags adopted in several applications such as manufacturing equipment, asset tracking, product tagging, and inventory management. This is expected to drive the growth of this segment.
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global RFID Market is witnessing significant growth in the near future.
In 2023, the Software and Services segment accounted for noticeable share of global RFID Market and is projected to experience significant growth in the near future.
The Security and Access Control segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Datalogic, Zebra Technologies and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Product Type | Software and Services, Tags, Readers |
End Use | Security and Access Control, Commercial, Agriculture, Logistics and Supply Chain, Animal Tracking, Transportation, Healthcare, Retail, Others |
Frequency | Ultra-High Frequency, Low Frequency, High Frequency |
List of Competitors | Datalogic, Honeywell International, Zebra Technologies, Acreo Swedish ICT, Alien Technology, Avery Dennison, Checkpoint Systems, CipherLab, CoreRFID, FEIG ELECTRONIC, Fujitsu, GAO RFID, Impinj, ORBCOMM, Quantum Resources, Mojix, Mobile Aspects, Nedap, RFID4U, RF Ideas, Skytron, JADAK Technologies, Solstice Medical, Smartrac, Stanley InnerSpace, SATO VICINITY, TAGSYS RFID, Terso Solutions, Tellago, TIBCO Software, Tyco Retail Solutions, Thinfilm, ThingMagic, Unitech Electronics, WaveMark, Xterprise |
This chapter will help you gain GLOBAL Market Analysis of RFID. Further deep in this chapter, you will be able to review Global RFID Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America RFID Market Trends North America RFID Technological Road Map North America RFID Market Drivers North America RFID Market Restraints North America RFID Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Type Analysis 2019 -2031, will provide market size split by Product Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End Use Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Frequency Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global RFID market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Software and Services have a significant impact on RFID market? |
What are the key factors affecting the Software and Services and Tags of RFID Market? |
What is the CAGR/Growth Rate of Security and Access Control during the forecast period? |
By type, which segment accounted for largest share of the global RFID Market? |
Which region is expected to dominate the global RFID Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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