RFID Tags for Asset Tracking Market Report 2024 (Global Edition)

Global RFID Tags for Asset Tracking Market Report 2024 Market Size Split by Product Type (Metal, Liquid Tags, Others), by Type of RFID Tags (Passive RFID Tags, Active RFID Tags, Semi-Passive RFID Tags...

RFID Tags for Asset Tracking Market Report Description

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RFID Tags for Asset Tracking Market Insights Video

Competitive Landscape of the RFID Tags for Asset Tracking Market

The competitive landscape of the RFID tags market is highly dynamic, characterized by the presence of both established players and emerging innovators. Companies are focused on product differentiation through innovations in tag durability, range, and compatibility with IoT networks. Increased mergers, partnerships, and technological advancements are expected to drive competition, with businesses emphasizing cost-effective and scalable solutions to meet varied industry needs.

In April 2022, Avery Dennison expanded its footprint in India by inaugurating a state-of-the-art manufacturing facility in Greater Noida. The facility will gradually ramp up to full production capacity over the coming months. This expansion is a key component of Avery Dennison's strategy to strengthen its commitment to India's growth, while enhancing its ability to serve local markets and customers more effectively. (Source: https://cwp.averydennison.com/en/home/news/press-releases/avery-dennison-fortifies-its-presence-in-india.html) In April 2024, Impinj unveiled its latest engineering and testing facility in Seattle. This new 29,000 square-foot building, located in the Beacon Hill neighborhood, is a single-story, single-occupancy space designed to support the company's ongoing commitment to delivering innovative, high-quality RAIN RFID products. The facility will house research and development, testing, quality assurance, shipping, and office functions, further enhancing Impinj's capabilities in product development and operational efficiency. (Source: https://www.impinj.com/library/blog/impinj-opens-new-engineering-facility-in-seattle)

Top Companies Market Share in RFID Tags for Asset Tracking Industry: (In no particular order of Rank)

• Zebra Technologies
• Alien Technology
• Avery Dennison
• Impinj
• Inc.
• Honeywell International
• Smartrac N.V.
• Checkpoint Systems
• GAO RFID Inc.
• SATO Holdings
• Invengo Technology
• Omni-ID
• HID Global Corporation
• Confidex Ltd.
• CAEN RFID
• Fujitsu Limited
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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.

Regional Analysis of the RFID Tags for Asset Tracking Market

Which Region Dominates the RFID Tags for Asset Tracking Market in 2024?

According to Cognitive Market Research, North America currently dominates the RFID tags for asset tracking market due to the high adoption of asset tracking technologies in industries like healthcare, logistics, and retail. The region’s focus on digital transformation, paired with strong investments in IoT and automation, further boosts sales growth.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, driven by rapid industrialization, expanding e-commerce, and rising demand for efficient supply chain management solutions. The increasing adoption of RFID in manufacturing and retail industries propels the market's growth in this region.

The current report Scope analyzes RFID Tags for Asset Tracking 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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America RFID Tags for Asset Tracking

According to Cognitive Market Research, the global RFID tags for asset tracking market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2031.

• According to Cognitive Market Research, The United States RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD XX million in 2024. Increasing adoption of IoT and automation in industries, paired with stringent asset management regulations, will boost RFID tag sales.
The Canada RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD XX million in 2024. Growing focus on improving supply chain transparency and enhancing tracking capabilities in logistics drives higher demand for RFID tags. The Mexico RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD XX million in 2024.

Europe RFID Tags for Asset Tracking

According to Cognitive Market Research, the global RFID tags for asset tracking market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.

• The United Kingdom RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.8% during the forecast period, with a market size of USD XX million in 2024. Retailers are leveraging RFID for real-time inventory tracking and reducing shrinkage, leading to a rise in market sales.
The France RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD XX million in 2024. The Germany RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD XX million in 2024. Expanding Industry 4.0 initiatives and high demand for efficient asset management solutions in manufacturing sectors drive RFID tag growth. The Italy RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.4% during the forecast period, with a market size of USD XX million in 2024. The Russia RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD XX million in 2024. The Spain RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD XX million in 2024. The Luxembourg RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD XX million in 2024. The Portugal RFID tags for asset tracking market is projected to witness growth at a CAGR of 10.8% during the forecast period, with a market size of USD XX million in 2024. The Greece RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD XX million in 2024. The Rest of Europe RFID tags for asset tracking market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific RFID Tags for Asset Tracking

According to Cognitive Market Research, the global RFID tags for asset tracking market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.5% from 2024 to 2031.

• According to Cognitive Market Research, The China RFID tags for asset tracking market is projected to witness growth at a CAGR of 14.0% during the forecast period, with a market size of USD XX million in 2024. Rapid industrialization and widespread adoption of advanced tracking technologies in e-commerce and logistics sectors will fuel RFID demand.
The Japan RFID tags for asset tracking market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD XX million in 2024. The India RFID tags for asset tracking market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD XX million in 2024. Accelerating digitalization across retail, healthcare, and logistics sectors is pushing the adoption of RFID tags for improved asset tracking. The South Korea RFID tags for asset tracking market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD XX million in 2024. The Australia RFID tags for asset tracking market is projected to witness growth at a CAGR of 14.2% during the forecast period, with a market size of USD XX million in 2024. The South East Asia RFID tags for asset tracking market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD XX million in 2024. The Rest of Asia Pacific RFID tags for asset tracking market is projected to witness growth at a CAGR of 14.3% during the forecast period, with a market size of USD XX million in 2024.

South America RFID Tags for Asset Tracking

According to Cognitive Market Research, the global RFID tags for asset tracking market size was estimated at USD XX Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.9% from 2024 to 2031.

• According to Cognitive Market Research, The Brazil RFID tags for asset tracking market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD XX million in 2024. Expanding retail and supply chain sectors are investing in RFID technology to enhance operational efficiency and minimize asset losses.
The Argentina RFID tags for asset tracking market is projected to witness growth at a CAGR of 12.8% during the forecast period, with a market size of USD XX million in 2024. The rising implementation of RFID in logistics and transportation to optimize fleet management and asset tracking will drive sales growth. The Colombia RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD XX million in 2024. The Peru RFID tags for asset tracking market is projected to witness growth at a CAGR of 12.1% during the forecast period, with a market size of USD XX million in 2024. The Chile RFID tags for asset tracking market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD XX million in 2024. The Rest of Latin America RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa RFID Tags for Asset Tracking

According to Cognitive Market Research, the global RFID tags for asset tracking market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.2% from 2024 to 2031..

• The GCC Countries RFID tags for asset tracking market is projected to witness growth at a CAGR of 13.0% during the forecast period, with a market size of USD XX million in 2024. Smart city projects and increased digitization of infrastructure will create higher demand for RFID-based asset tracking systems.
The Egypt RFID tags for asset tracking market is projected to witness growth at a CAGR of 12.5% during the forecast period, with a market size of USD XX million in 2024. The South Africa RFID tags for asset tracking market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD XX million in 2024. Expanding logistics and retail sectors are adopting RFID technology to improve asset visibility and supply chain transparency across industries. The Turkey RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD XX million in 2024. The Nigeria RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD XX million in 2024. The Rest of MEA RFID tags for asset tracking market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD XX million in 2024.

RFID Tags for Asset Tracking Market Analysis

RFID Tags for Asset Tracking Market Product Type Segment Analysis

According to Cognitive Market Research, metal are likely to dominate the RFID tags for asset tracking market over the forecast period due to their durability and effectiveness in harsh industrial environments. They are widely used in manufacturing, logistics, and asset management where metal surfaces need reliable tracking solutions. Their ability to perform well despite interference from metallic surfaces makes them the preferred choice for heavy industries.

The liquid tags is the fastest-growing segment in the RFID tags for asset tracking market due to rising demand for RFID in healthcare and pharmaceutical industries. These tags are used to track liquids and fluids in medical and chemical industries, providing high accuracy in environments where other tags may fail. Increased focus on healthcare innovation and safety drives their adoption.

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 Tags for Asset Tracking Industry. Request a Free Sample PDF!

RFID Tags for Asset Tracking Market Type of RFID Tags Segment Analysis

According to Cognitive Market Research, the passive RFID tags segment holds the largest share of the market due to their low cost, long lifespan, and wide range of applications. These tags do not require an internal power source, making them affordable and easier to implement in industries like retail, logistics, and manufacturing. Their cost-effectiveness makes them highly suitable for mass deployment across large inventories.

In the RFID tags for asset tracking market, the active RFID tags has been expanding at a rapid pace due to the increasing need for long-range tracking in logistics, supply chain, and large-scale asset management. With an internal power source, they provide better read range and real-time data tracking, making them ideal for complex and large-scale operations, such as fleet management and equipment monitoring.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

RFID Tags for Asset Tracking Application Segment Analysis

RFID Tags for Asset Tracking Market Application Segment Analysis

According to Cognitive Market Research, the retail segment holds the largest share of the market due to extensive use of RFID tags for inventory management, anti-theft systems, and customer experience enhancement. Retailers use RFID technology to improve stock accuracy, reduce shrinkage, and ensure a seamless shopping experience. The demand for optimized supply chains and e-commerce support further drives adoption in this segment.

In the RFID tags for asset tracking market, the healthcare has been expanding at a rapid pace as RFID is increasingly used for patient tracking, medical device management, and pharmaceutical inventory control. RFID ensures accuracy and safety in medical environments, especially for managing high-value assets and critical medications. The ongoing focus on improving hospital efficiency and patient care drives the growth of RFID in healthcare.

• Retail
• Logistics and Supply Chain
• Manufacturing
• Healthcare
• Asset Management
• Others

RFID Tags for Asset Tracking End User Segment Analysis

RFID Tags for Asset Tracking Market End User Segment Analysis

According to Cognitive Market Research, the logistics services companies segment holds the largest share of the market as asset tracking is crucial for ensuring operational efficiency, real-time visibility, and loss prevention. The integration of RFID in warehousing, transportation, and fleet management optimizes supply chains and enhances productivity, making it a vital technology for logistics providers.

In the RFID tags for asset tracking market, the smart city integration companies has been expanding at a rapid pace due to the increasing implementation of RFID technology in smart city projects. RFID is used for infrastructure tracking, public asset management, and transportation systems. The rising trend of smart cities and IoT integration is fueling demand for RFID solutions to enhance urban living standards.

• M2M And Iot Companies
• Logistics Services Companies
• Systems Integration Companies
• Smart City Integration Companies
• Data Management and Analytics Companies
• Asset Tracking Software and Services Companies
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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