RFID Market - Trends Forecast Till 2028

RFID Market – Trends Forecast Till 2028

The global RFID Market size is projected to reach a CAGR of 10.9% from USD 10.7 billion in 2021, during the forecast period 2021-2028.

RFID referred to as Radio Frequency Identification is a technology, that uses radio waves to read and gather the information stored on a tag attached to an object, animal, or human. It is similar to bar codes and yet, it does not require to be within the range of an RFID reader. RFID is used across construction, engineering, chemical industries, manufacturing, retail, logistics, and the public sector among others.

Growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units are some of the factors that have supported long-term expansion for RFID Market.

Americas is expected to register largest market share in terms of value for RFID tag market globally during the forecast period. The high adoption of RFID systems in the US is a major factor that has led to the prominent position of the Americas in the RFID market.

RFID Market is segmented into product type, wafer size, tag type, frequency, application, form factor, material and region.

On the basis of Product Type

• Tags
• Readers
• Software and Services

On the basis of Wafer Size

• 8 inches
• Others

On the basis of Tag Type

• Active tags
• Passive tags

On the basis of Frequency 

• Low Frequency
• High Frequency
• Ultra-high Frequency (UHF)

On the basis of Application

• Agriculture
• Commercial
• Transportation
• Healthcare
• Logistics & Supply Chain
• Aerospace
• Défense
• Retail
• Security and Access Control
• Sports
• Animal Tracking
• Ticketing

On the basis of Form Factor

• Card
• Implant
• Key Fob
• Label
• Paper Ticket
• Band
• Others

On the basis of Material

• Plastic
• Paper
• Glass
• Others

On the basis of Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

Insights are provided for each region and major countries within the regions

 

Key Players

• Checkpoint Systems
• Invengo
• Smatrac
• Avery Dennison
• Alien Technology
• NXP Semiconductors
• Impinj
• Mojix
• Nedap
• Zebra Technologies

Recent Developments

• In September 2020, Avery Dennison introduced the AD-332u8 RAIN RFID inlay that excels in high density, close proximity conditions and can be used for inventory accuracy (item-level tagging) and supply chain management. AD-332u8 inlays are equipped with UCODE 8 chips from NXP, featuring 128 bits of EPC memory and a 96-bit Tag IDentifier (TID) with a 48-bit unique serial number factory-encoded into the TID. The new RAIN RFID inlay measures 70 x 14.5mm—the market’s smallest product that meets ARC category H specifications.
• In September 2020, Avery Dennison launched its dual-technology AD-362r6-P inlay that combines item-level tracking and digital ID capabilities of a high-performance RAIN RFID (UHF) tag. This tag is suitable for a wide range of retail apparel products and applications with the secondary loss prevention functionality of an EAS tag. AD-362r6-P inlays are a unique dual-technology design incorporating a UHF RFID inlay and an electronic article surveillance (EAS) tag in a single die-cut label.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for RFID Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature	Descriptions
Market Revenue In 2021	USD 10.7 billion
Growth Rate	CAGR of 10.9% during the forecasting period, 2021-2028
Historical Data	2018-2019
Forecast Years	2021-2028
Base Year	2020
Units Considered	Revenue in USD billion and CAGR from 2021 to 2028
Report Segmentation	product type, wafer size, tag type, frequency, application, form factor, material and region.
Report Attribute	Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling
Regional Level Scope	North America, Europe, Asia-Pacific, South America, and Middle East and Africa
Country Level Scope	U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)
Companies Profiled	Checkpoint Systems, Invengo, Smatrac, Avery Dennison, Alien Technology, NXP Semiconductors, Impinj, Mojix, Nedap, and Zebra Technologies.
Available Customization	In addition to the market data for RFID Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.