The Radio Frequency Identification (RFID) market size is expected to reach USD 35.6 billion by 2030, growing at a CAGR of 11.9% from 2022 to 2030.

Radio-Frequency Identification (RFID) Market Overview

Radio-frequency identification is a technology that uses radio waves to collect digital data contained in an RFID chip or smart label. Additionally, RFID tags are equipped with integrated circuits and antennas designed to transmit data to an RFID reader. RFID readers pass signals to RFID tags that respond with information-carrying signals. In addition, the data the reader acquires from the RFID tag can be transmitted to the host computer system via a communication interface to be stored in a database and later evaluated.

Contrive Datum Insights has recently published the Radio-Frequency Identification (RFID) Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Radio-Frequency Identification (RFID) market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), Avery Dennison Corporations (US), and others.

Industry Development:

• In March 2022, Avery Dennison Corporation announced the acquisition of linerless label technology developed by Catchpoint Ltd, a Yorkshire, England-based company. Purchases include Catchpoint's patents, brands, trade secrets, and know-how. Under this agreement, Avery Dennison honors Catchpoint's existing commercial agreements.
• In June 2021, Impinj, Inc. launched three next-generation RAIN RFID reader chips that enable IoT device manufacturers to meet the growing demand for connectivity in retail, and logistics, consumer electronics, and many other markets.
• In June 2020, NXP Semiconductors launched the MIFARE DESFire EV3 IC, ushering in the seamless integration of next-generation performance, and mobile services for a new era of security and connectivity in innovative city services.

What are the major Applications, Types, and Regions for the Radio-Frequency Identification (RFID) Market?

On the Basis of Type:

• Tags
  • Active Tags
  • Passive Tags
• Readers
• Software & Services

By Frequency

• Low Frequency
• High Frequency
• Ultra-High Frequency

On the Basis of Application:

• BFSI
• Animal Tracking/Agriculture
• Commercial
• Transportation
• Healthcare
• Logistics and Supply Chain
• Aerospace
• Defense
• Retail
• Others

Radio-Frequency Identification (RFID) Market Regional Insights:

The Asia Pacific is growing at the highest CAGR during the forecast period. As trade networks between Asia Pacific countries expand, companies are leveraging RFID solutions to gain visibility into their supply chains. Radio Frequency Identification (RFID) is an ideal medium for real-time tracking of people. During the forecast period, the adoption of RFID solutions is expected to increase in several industrial manufacturing, sports, entertainment, logistics, and retail in the APAC.
China will be the largest RFID tag market in the APAC. China's growing manufacturing industry is creating tremendous demand for RFID solutions that track equipment, goods, materials, security, and distribution in China's manufacturing facilities to improve operational efficiency and reduce operating costs.

Geographically, the global Radio-Frequency Identification (RFID) market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Radio-Frequency Identification (RFID) Market Report Scope:

Report Attributes	Details
Growth Rate	CAGR of 11.9% from 2022 to 2030.
By Type	Tags, Reader, Software, Others
By Application	BFSI, Animal Tracking/Agriculture, Commercial, Transportation, Healthcare, Logistics and Supply Chain, Aerospace, Defense, Retail, Others
By Companies	NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), Avery Dennison Corporations (US)
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

 

Frequently Asked Questions (FAQ) about the Radio-Frequency Identification (RFID) market:

What is the CAGR of the global Radio-Frequency Identification (RFID) market?

The Radio-Frequency Identification (RFID) Market is growing at a CAGR of 11.9% during the forecast period.

Which region would offer high growth for vendors in the Radio-Frequency Identification (RFID) market?

Asia-Pacific is the largest growing market for Radio-Frequency Identification (RFID) Market.

Which Is the Most potential market segment?

By Types- Tags, Reader, Software, Others

By Applications - BFSI, Animal Tracking/Agriculture, Commercial, Transportation, Healthcare, Logistics and Supply Chain, Aerospace, Defense, Retail, Others

Which are the top industry players in the Radio-Frequency Identification (RFID) market?

NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International, Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), Avery Dennison Corporations (US)

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