Radiofrequency Identification (RFID) Tags Industry Overview 2024 to 2033

The new report published by The Business Research Company, titled Radiofrequency Identification (RFID) Tags Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the radiofrequency identification (rfid) tags market size has grown strongly in recent years. It will grow from $10.79 billion in 2023 to $11.67 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The radiofrequency identification (rfid) tags market size is expected to see strong growth in the next few years. It will grow to $16.09 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%.

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Rfid Tags Market Surges With The Soaring Growth Of Online Retail And Digital Sales
The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information. RFID technology gives e-commerce organizations a better picture of the supply chain, allowing them to find what they need to fulfill a customer's request. For instance, in September 2022, according to the International Trade Administration, a US-based government agency, consumer eCommerce currently makes up 30% of the UK's overall retail industry, up from 20% in 2020, and generates over $120 billion in yearly sales. In 2021, 82% of people in the UK made at least one online purchase. Therefore, the rising e-commerce and online retail sales drive the growth of the RFID tags market.

RFID Companies Embrace IOT And Big Data To Revolutionize Tracking And Monitoring
RFID companies are increasingly implementing advanced technologies such as IoT and Big Data which is a growing trend in the market. With the help of IoT, RFID tags can connect objects into a network and make them create and send data. It assists in the real-time monitoring of tagged objects and the creation of a system of connected devices that broadcast information about their position, conditions, and quantities in real-time. For instance, in February 2023, Omni-ID, a US-based company operating in passive industrial radio frequency identification (RFID) tags, introduced a new range of Bluetooth Low Energy (BLE) and Long Range (LoRa) enabled IoT devices that utilize a comprehensive set of sensors with the ability to transmit situational and status data using Radiofrequency Identification (RFID) tags to enhance asset Management & Logistics process in an organization.

The radiofrequency identification (rfid) tags market covered in this report is segmented -

1) By Tag Type: Active RFID, Passive RFID
2) By Material: Plastic, Paper, Glass, Metal, Other Materials
3) By Frequency: Low Frequency, High Frequency, Ultra High Frequency
4) By Application: AIndustrial, Retail And Wholesale, Healthcare, BFSI, Transpiration And Logistics, Government, Other Applications

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Major companies operating in the radiofrequency identification (rfid) tags market report are Avery Dennison Corporation, Honeywell International Inc., NXP Semiconductors N.V., Identiv Inc., Zebra Technologies Corporation, HID Global, Invengo Information Technology Co Ltd, Nedap, Omni-ID, GAO RFID Inc., Essen RFID, Asset Online Pvt. Ltd, Raviraj Technologies, Greenfuturz, Chipsilicon, Copper Spiral RFID, CFI global, Zhejiang Laxcen Information Technology Co. Ltd, Shenzhen ZD Technology Co. Ltd, Chengdu Mind Golden Card System Co. Ltd, Guangzhou Qingsong Digital Technology Co. Ltd, Shenzhen Udohow Electronics Co. Ltd, Vantage Ear Tag RFID Technology Co. Ltd, SALTO Systems, Suprema, Alfi srl, Torchwood Technologies, Codegate Ltd, Pervasid, Alien Technology Corporation, AMS AG, Atmel Corp, CipherLab Co. Ltd., Confidex Ltd, Datalogic S.p.A., Impinj Inc., SMARTRAC N.V, Technology Solutions UK Ltd. (TSL), ThinkMagic (Trimble), Xerox Corporation, Texas instruments, Roper Technologies Inc., FleetCor Technologies Inc., Orbcomm Inc, Gaming Partners International Corporation, Abracon LLC, Marnlen, Bastian Solutions, SATO America, InLogic IT Solution, DominateRFID, Datametric Technologies LLC, Amricon, Acube Infotech LLC, ScreenCheck, OGTech, EAM RFID Solutions, Nofa-Med Solutions, Askaris, Absolute Integrated Electronic Solutions (AIES), Aitech Systems Ltd, Al Smari Trading, Attraf company, Markes International Ltd, BUCHI Labortechnik AG

Contents of the report:
1. Executive Summary
2. Radiofrequency Identification (RFID) Tags Market Report Structure
3. Radiofrequency Identification (RFID) Tags Market Trends And Strategies
4. Radiofrequency Identification (RFID) Tags Market - Macro Economic Scenario
5. Radiofrequency Identification (RFID) Tags Market Size And Growth
…..
27. Radiofrequency Identification (RFID) Tags Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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