RFID Tag Chip Market Insights Video

According to Cognitive Market Research, the global RFID tag chip market size is USD 3251.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.00% from 2024 to 2031.

• North America held the major market of more than 40% of the global revenue with a market size of USD 1300.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.2% from 2024 to 2031.
• Europe accounted for a share of over 30% of the global market size of USD 975.36 million.
• Asia Pacific held the market of around 23% of the global revenue with a market size of USD 747.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.0% from 2024 to 2031.
• The Latin American market will account for more than 5% of global revenue and have a market size of USD 162.56 million in 2024. It will grow at a compound annual growth rate (CAGR) of 18.4% from 2024 to 2031.
• Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 65.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 18.7% from 2024 to 2031.
• The HF RFID chip held the highest RFID tag chip market revenue share in 2024.