Radio-Frequency Identification (RFID) Market Share, Growth Rate (CAGR), Historical Data and Forecast 2030

Radio-Frequency Identification (RFID) Market size was valued at USD 15.04 Bn. in 2023 and is expected to reach USD 28.75 Bn. by 2030, at a CAGR of 9.7%.

Radio-Frequency Identification (RFID) Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Radio-Frequency Identification (RFID) industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Radio-Frequency Identification (RFID) Market Dynamics

Growing industry demand for improved supply chain and inventory management to support market expansion

The radio-frequency identification market is expanding significantly due to the growing demand for sophisticated supply chain management and inventory solutions across various industries. RFID technology offers unmatched tracking accuracy and efficiency by using radio frequency signals to communicate unique identity information about items. By reducing reliance on barcodes and enabling real-time data applications, RFID has completely changed inventory management in the retail industry. RFID deployment changed in-store operations at first, but its possible effects on the supply chain are now becoming more widely recognised. After using RFID in their stores, multinational retailers are now utilising it more and more throughout the supply chain.

Market Trend for Radio-Frequency Identification

Combining Industry 4.0 and IoT integration

The way that things are designed, made, and distributed is radically changing as a result of the integration of Industry 4.0, Internet of Things, and Radio-Frequency Identification (RFID). A unified and intelligent manufacturing process is created by this collaborative framework, which integrates technologies including cloud connection, machine learning, and the Industrial Internet of Things (IIoT). Big Data and AI analytics, cloud computing, IIoT, AR, additive manufacturing, 3D printing, autonomous robotics, simulation/digital twins, cloud computing, and cybersecurity are the cornerstones of Industry 4.0. Together, these pillars create a bridge between the digital and physical worlds that encourages symbiotic partnerships between technology accuracy and human inventiveness.

Radio-Frequency Identification (RFID) Market Segmentation

Radio-Frequency Identification (RFID) Market, By Product Type

Tags
Readers
Software
Services
Inlays and Labels
Printers

The market is divided into Tags, Readers, Software, Services, Inlays and Labels, and Printers based on Product Type. Over the course of the forecast period, radio-frequency identification tags are anticipated to dominate the market. Within the field of Radio-Frequency Identification (RFID) technology, RFID tags have a wide range of applications that impact people's daily life. These radio frequency technology-driven smart barcodes are able to recognise objects and easily exchange data with other devices via radio waves. From improving inventory management in warehouses to monitoring cattle movements, RFID tags are crucial.

Radio-Frequency Identification (RFID) Market, By Wafer Size

125 kHz RFID Chips
13.56 MHz RFID Chips
860-960 MHz RFID Chips (UHF)
2.45 GHz RFID Chips
5.8 GHz RFID Chips

Radio-Frequency Identification (RFID) Market, By Frequency

Low-Frequency (LF) RFID
High-Frequency (HF) RFID
Ultra-High Frequency (UHF) RFID
Microwave RFID

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Radio-Frequency Identification (RFID) Market Key Players

Global
1. Impinj (Seattle, Washington State)
2. HID Global (United States, Texas)
3. STMicroelectronics (Geneva, Switzerland )
4. Nordic ID (Salo, Finland)
5. CAEN RFID srl (Lucca, Italy)

North America
1. GAOTek Inc. (New York, USA)

Europe
2. Kronegger GmbH (Styria, Austria)
3. Dorset Identification (Gelderland, Netherlands)
4. FEIG ELECTRONIC GmbH (Hessen, Germany
5. Neosid Pemetzrieder GmbH & Co. KG (Nordrhein-Westfalen, Germany)
6. Microsensys GmbH (Thuringia, Germany)
7. ams-OSRAM AG (Styria, Austria)
8. BERNSTEIN (Germany)
9. K. A. Schmersal GmbH & Co. KG (Wuppertal, Germany)
10. ReeR S.p.A. (Torino, Italy)
11. COMITRONIC BTI (Nouvelle-Aquitaine, France)

Asia Pacific
1. DENSO WAVE INCORPORATED (Aichi, Japan)
2. Zhejiang Jiakang Electronics Co., Ltd. (Zhejiang Province, China)
3. PHYCHIPS Inc. (Daejeon, Korea)
4. Murata Manufacturing Co., Ltd. (Nagaokakyo, Japan)

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Table of content for the Radio-Frequency Identification (RFID) Market includes:

Part 01: Executive Summary

Part 02: Scope of the Radio-Frequency Identification (RFID) Market Report

Part 03: Global Radio-Frequency Identification (RFID) Market Landscape

Part 04: Global Radio-Frequency Identification (RFID) Market Sizing

Part 05: Global Radio-Frequency Identification (RFID) Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

In 2023, the market for radio-frequency identification was dominated by North America. North American corporations have been early adopters of RFID technology, seeing its promise across a wide range of industries. Because of its early adoption, the area has been able to build best practices, amass a wealth of experience, and propel ongoing innovation in the RFID sector. North America has a state-of-the-art information technology infrastructure, with strong IT and communication networks. This makes it easier for companies to implement and use RFID solutions efficiently by facilitating the smooth integration of RFID technology into a variety of industries.

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