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Forecasts indicate that the RFID market will expand from $15.58 billion in 2024 to $40.49 billion in 2031, a compound annual growth rate (CAGR) of 13.1%. Several important factors are driving the RFID market. These include improving inventory management, more government regulations and initiatives to increase safety, the availability of affordable RFID solutions with promising returns on investment, and the rising demand for RFID technology in manufacturing facilities to boost productivity.
industry dynamics, important segments, prominent companies, main geographies, and the competitive landscape are just a few of the many industry topics studied in depth in this research on the global RFID market. Based on the influence of numerous market dynamics and critical variables, the research paints a vivid picture of the present state and future developments of the worldwide RFID industry. The market dynamics recognize the market's drivers and opportunities that are fueling the market's growth. Also planned for the global RFID market are obstacles and limitations that can slow down the industry's expansion. This research presents the results of Porter's five forces analysis, which pinpoint the ways in which these factors have impacted the worldwide RFID industry. Market size and estimations are included in the study after a thorough analysis of the global RFID market through several segments.
There is also a breakdown of these categories' markets by geography in the report. In order to offer comprehensive coverage of the global RFID market, the study examines each category at both the regional and national levels. The North American, European, Asia-Pacific, and Latin American and Caribbean regions make up the four main classifications of the worldwide RFID market in the research. Radio Frequency Identification (RFID) is a system that uses radio waves to identify and track objects, people, and animals. It is an improved wireless recognition and data capture solution. Additionally, RFID tags can transmit data to an RFID reader via an antenna and integrated circuit. In response to a signal from an RFID reader, an RFID tag would transmit a signal containing data. In addition, a communications interface allows readers to transmit data collected from RFID tags to a host computer system, which can then store and analyze the data in a database. RFID tags are capable of storing a wide range of data, from a single page of information to several serial numbers.
There will likely be an uptick in demand for RFID tags as their use for tracking assets and ensuring product quality grows in the industrial sector. Radio frequency identification services have also been spurred by an increase in demand for contact tracing during the COVID-19 pandemic. The healthcare industry's Radio Frequency Identification (RFID) market has benefited greatly from these innovations.
Government initiatives aimed at promoting RFID-based solutions across different industries are projected to drive significant growth in the global RFID market over the forecast period. The growth of the financial and healthcare industries is also a key factor propelling the RFID market prediction. In addition, the retail sector's increasing demand for RFID products is expected to influence the market's trajectory in the future. One of the main reasons limiting the growth of the RFID market is the high rise connected with data security and privacy. In addition, the projection period is expected to witness a profitable potential to increase the RFID market, thanks to the spike in usage of RFID tags for industry 4.0, the Internet of Things, and smart manufacturing.
Rising demand for asset management and supply chain solutions in the retail, automotive, and manufacturing sectors is anticipated to propel the market toward growth. A major factor fueling the market's expected expansion in the healthcare industry is the widespread use of radio frequency identification (RFID) tags for the purpose of medical equipment management. In addition, radio frequency identification (RFID) technology is seeing extensive use in the aerospace sector, particularly on Airbus, Boeing, and other military aircraft, to enhance logistics management, WIP tracking, and supply chain visibility.
Report Coverage
Global RFID research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global RFID report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and RFID competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key RFID market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global RFID market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, RFID market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zebra Technologies Corp. (US), Alien Technology, LLC (US), CAEN RFID S.r.L. (Italy), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc.(US), NXP Semiconductors (Netherlands), GAO Group (Canada), HID Global Corporation (US), Invengo Information Technology Co., Ltd. (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Limited (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global RFID market based on the below-mentioned segments:
Global RFID Market, By Product Type
Tags
Readers
Software and Services
Global RFID market, By Frequency
Low Frequency
High Frequency
Ultra-High Frequency
Global RFID Market, By End User
Commercial
Animal Tracking
Transportation
Agriculture
Security and Access Control
Healthcare
Retail
Logistics and Supply Chain
Others
Global RFID market, Regional Analysis
industry dynamics, important segments, prominent companies, main geographies, and the competitive landscape are just a few of the many industry topics studied in depth in this research on the global RFID market. Based on the influence of numerous market dynamics and critical variables, the research paints a vivid picture of the present state and future developments of the worldwide RFID industry. The market dynamics recognize the market's drivers and opportunities that are fueling the market's growth. Also planned for the global RFID market are obstacles and limitations that can slow down the industry's expansion. This research presents the results of Porter's five forces analysis, which pinpoint the ways in which these factors have impacted the worldwide RFID industry. Market size and estimations are included in the study after a thorough analysis of the global RFID market through several segments.
There is also a breakdown of these categories' markets by geography in the report. In order to offer comprehensive coverage of the global RFID market, the study examines each category at both the regional and national levels. The North American, European, Asia-Pacific, and Latin American and Caribbean regions make up the four main classifications of the worldwide RFID market in the research. Radio Frequency Identification (RFID) is a system that uses radio waves to identify and track objects, people, and animals. It is an improved wireless recognition and data capture solution. Additionally, RFID tags can transmit data to an RFID reader via an antenna and integrated circuit. In response to a signal from an RFID reader, an RFID tag would transmit a signal containing data. In addition, a communications interface allows readers to transmit data collected from RFID tags to a host computer system, which can then store and analyze the data in a database. RFID tags are capable of storing a wide range of data, from a single page of information to several serial numbers.
There will likely be an uptick in demand for RFID tags as their use for tracking assets and ensuring product quality grows in the industrial sector. Radio frequency identification services have also been spurred by an increase in demand for contact tracing during the COVID-19 pandemic. The healthcare industry's Radio Frequency Identification (RFID) market has benefited greatly from these innovations.
Government initiatives aimed at promoting RFID-based solutions across different industries are projected to drive significant growth in the global RFID market over the forecast period. The growth of the financial and healthcare industries is also a key factor propelling the RFID market prediction. In addition, the retail sector's increasing demand for RFID products is expected to influence the market's trajectory in the future. One of the main reasons limiting the growth of the RFID market is the high rise connected with data security and privacy. In addition, the projection period is expected to witness a profitable potential to increase the RFID market, thanks to the spike in usage of RFID tags for industry 4.0, the Internet of Things, and smart manufacturing.
Rising demand for asset management and supply chain solutions in the retail, automotive, and manufacturing sectors is anticipated to propel the market toward growth. A major factor fueling the market's expected expansion in the healthcare industry is the widespread use of radio frequency identification (RFID) tags for the purpose of medical equipment management. In addition, radio frequency identification (RFID) technology is seeing extensive use in the aerospace sector, particularly on Airbus, Boeing, and other military aircraft, to enhance logistics management, WIP tracking, and supply chain visibility.
Report Coverage
Global RFID research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global RFID report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and RFID competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key RFID market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2024 |
| Forecast Period | 2024-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Zebra Technologies Corp. (US), Alien Technology, LLC (US), CAEN RFID S.r.L. (Italy), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc.(US), NXP Semiconductors (Netherlands), GAO Group (Canada), HID Global Corporation (US), Invengo Information Technology Co., Ltd. (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Limited (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of RFID Market from 2021 to 2031.
- Market Forecast for RFID Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, RFID competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on RFID
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global RFID market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, RFID market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Zebra Technologies Corp. (US), Alien Technology, LLC (US), CAEN RFID S.r.L. (Italy), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc.(US), NXP Semiconductors (Netherlands), GAO Group (Canada), HID Global Corporation (US), Invengo Information Technology Co., Ltd. (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Limited (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US).
Primary Target Market
- Market Players of RFID
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global RFID market based on the below-mentioned segments:
Global RFID Market, By Product Type
Tags
Readers
Software and Services
Global RFID market, By Frequency
Low Frequency
High Frequency
Ultra-High Frequency
Global RFID Market, By End User
Commercial
Animal Tracking
Transportation
Agriculture
Security and Access Control
Healthcare
Retail
Logistics and Supply Chain
Others
Global RFID market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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