RFID Market worth $46.35 billion by 2030, growing at a CAGR of 9.44% - Exclusive Report by 360iResearch

The "RFID Market by Offering (Hardware, Software & Services), Tag Type (Active RFID, Passive RFID), Frequency, Form Factor, Material, Wafer Size, Application, End-User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global RFID Market to grow from USD 24.63 billion in 2023 to USD 46.35 billion by 2030, at a CAGR of 9.44%.

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Radio frequency identification (RFID) is a wireless and non-contact technology that allows for the digital exchange of data between an RFID reader and uniquely identifiable RFID tags or transponders embedded in a wide array of objects. Utilizing radio frequency (RF) waves as a communication medium, RFID enables automatic identification, tracking, and inventory management in diverse industries such as logistics, retail, manufacturing, healthcare, agriculture, and more. This innovative technology has significantly impacted supply chain efficiency and reduced human intervention in various processes. The RFID market comprises the creation, manufacturing, and distribution of RFID technologies such as tags, readers, software solutions, and related services. One major driver of RFID market growth is its integration with Internet of Things (IoT) solutions. As IoT devices become increasingly prevalent across industries for track-and-trace applications or environmental monitoring purposes, RFID tags can serve as valuable data points that enable businesses to optimize processes and make informed decisions based on accurate information. Government initiatives for automation across industries and the deployment of RFID solutions for livestock protection have further propelled the growth of the RFID market. Despite the promising outlook, data privacy and security concerns hinder the adoption of RFID tags as they can sometimes be read from a distance, potentially allowing unauthorized access to sensitive information. However, companies investing heavily in research and development focused on enhancing the technical capabilities of RFID technology have been creating a stronger future landscape for the market. Innovations addressing cost-effectiveness, interoperability with existing systems, and security measures are also expected to strengthen market position and expand opportunities across different sectors.

In the Americas region, the RFID market has been experiencing significant growth, with a strong demand for innovative solutions in various industries. In North America, the United States is contributing majorly to technological advancements and adoption rates, attributed to a high level of investment in R&D by both the public and private sectors. Meanwhile, the increasing need for inventory management solutions across retail, healthcare, automotive, aerospace & defense sectors is expected to drive growth in Latin America. In the EMEA region, Europe maintains a significant position as one of the largest markets for RFID globally. Various European governments are actively supporting projects that involve Internet of Things (IoT) integration, which is directly linked to the expansion of the RFID market. Moreover, there is an increasing trend toward adopting smart city infrastructure throughout Europe that heavily relies on advanced technologies, including RFID systems. In addition, the Middle East and Africa also show promising potential for future growth owing to their emerging economies' growing interest in investing in new technologies such as RFID solutions for various applications, including transportation & logistics tracking systems or automated toll collection platforms. The Asia-Pacific is expected to witness the highest growth rate, attributed to rapid urbanization, increasing disposable income, and a growing emphasis on technological advancements. In the APAC region, countries including China, Japan, and South Korea, with their robust manufacturing capabilities, showcase immense interest in implementing RFID in their industries. Additionally, countries such as India, Australia, Indonesia, and Malaysia are also attracting heavy investments by global manufacturers.

Market Segmentation & Coverage:

This research report categorizes the RFID Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Offering, market is studied across Hardware and Software & Services. The Hardware is further studied across Readers and Tags. The Hardware commanded largest market share of 56.40% in 2023, followed by Software & Services.

Based on Tag Type, market is studied across Active RFID and Passive RFID. The Passive RFID commanded largest market share of 58.79% in 2023, followed by Active RFID.

Based on Frequency, market is studied across High Frequency, Low Frequency, and Ultra-High Frequency. The Ultra-High Frequency commanded largest market share of 43.55% in 2023, followed by High Frequency.

Based on Form Factor, market is studied across Band, Card, Implant, Key Fob, Label & Sticker, and Paper Ticket. The Label & Sticker commanded largest market share of 18.26% in 2023, followed by Card.

Based on Material, market is studied across Ceramic, Glass, Metal, Paper, Plastic, and Silicon. The Ceramic commanded largest market share of 26.15% in 2023, followed by Plastic.

Based on Wafer Size, market is studied across 200mm and 300mm. The 200mm commanded largest market share of 43.60% in 2023, followed by 300mm.

Based on Application, market is studied across Animal & Wildlife Tracking, Logistics & Supply Chain Management, and Security & Access Control. The Logistics & Supply Chain Management commanded largest market share of 38.77% in 2023, followed by Security & Access Control.

Based on End-User, market is studied across Aerospace & Defense, Agriculture & Forestry, Healthcare & Pharmaceutical, Media & Entertainment, Retail & Consumer Goods, and Transportation. The Retail & Consumer Goods commanded largest market share of 19.45% in 2023, followed by Healthcare & Pharmaceutical.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.52% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the RFID Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the RFID Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the RFID Market, highlighting leading vendors and their innovative profiles. These include Alien Technology LLC, ams-OSRAM AG, Avery Dennison Corporation, Beontag, CAEN RFID S.r.l., CCL Industries Inc., DENSO Corporation, Diamond Technologies, Inc., Dorset Group BV, FEIG ELECTRONIC GmbH, Fresenius SE & Co. KGaA, GAO Group, Globeranger Corporation by Fujitsu Limited, HANA Technologies, HID Global by Assa Abloy AB, Honeywell International Inc., Impinj, Inc., Invengo Information Technology Co., Ltd., Kronegger GmbH, MASS Group, Inc., Micro-Sensys GmbH, Mojix, Inc., Motorola Solutions, Inc., Nedap N.V., Neosid Pemetzrieder GmbH & Co. KG, Nippon Telegraph and Telephone Corporation, Nitta Corporation, Novanta Inc., NXP Semiconductors N.V., Pepperl+Fuchs SE, RapidRadio Solutions, Savi Technology, Inc., Schreiner Group GmbH & Co. KG, Securitag Assembly Group Co., Ltd., SML Group Limited, STMicroelectronics N.V., Syrma SGS Technology Limited, Technicode, Inc., Terso Solutions, Inc., Texas Instruments Incorporated, WOWRFID, and Zebra Technologies Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. RFID Market, by Offering
7. RFID Market, by Tag Type
8. RFID Market, by Frequency
9. RFID Market, by Form Factor
10. RFID Market, by Material
11. RFID Market, by Wafer Size
12. RFID Market, by Application
13. RFID Market, by End-User
14. Americas RFID Market
15. Asia-Pacific RFID Market
16. Europe, Middle East & Africa RFID Market
17. Competitive Landscape
18. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the RFID Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the RFID Market?
3. What is the competitive strategic window for opportunities in the RFID Market?
4. What are the technology trends and regulatory frameworks in the RFID Market?
5. What is the market share of the leading vendors in the RFID Market?
6. What modes and strategic moves are considered suitable for entering the RFID Market?

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