The global market for Radio Frequency Identification (RFID) Technology is estimated at US$37.9 Billion in 2023 and is projected to reach US$97.5 Billion by 2030, growing at a CAGR of 14.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the RFID market is driven by several factors. Firstly, the increasing need for inventory management and asset tracking across various industries, including retail, manufacturing, and logistics, has significantly boosted the demand for RFID technology. Secondly, advancements in technology, such as the development of more affordable and efficient RFID tags and readers, have made this technology accessible to a broader range of businesses. Thirdly, the rising importance of supply chain visibility and transparency, particularly in light of global trade complexities and the COVID-19 pandemic, has underscored the value of RFID systems. Additionally, regulatory mandates for tracking and authenticating products in industries such as pharmaceuticals and food and beverages are propelling the adoption of RFID technology. The growing integration of RFID with emerging technologies such as IoT and blockchain is driving innovation and expanding capabilities and applications of RFID systems. Together, these factors are fostering a dynamic and rapidly growing market for RFID technology, offering significant opportunities for continued development and adoption.
The growth in the RFID market is driven by several factors. Firstly, the increasing need for inventory management and asset tracking across various industries, including retail, manufacturing, and logistics, has significantly boosted the demand for RFID technology. Secondly, advancements in technology, such as the development of more affordable and efficient RFID tags and readers, have made this technology accessible to a broader range of businesses. Thirdly, the rising importance of supply chain visibility and transparency, particularly in light of global trade complexities and the COVID-19 pandemic, has underscored the value of RFID systems. Additionally, regulatory mandates for tracking and authenticating products in industries such as pharmaceuticals and food and beverages are propelling the adoption of RFID technology. The growing integration of RFID with emerging technologies such as IoT and blockchain is driving innovation and expanding capabilities and applications of RFID systems. Together, these factors are fostering a dynamic and rapidly growing market for RFID technology, offering significant opportunities for continued development and adoption.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the RFID Tags segment, which is expected to reach US$51.8 Billion by 2030 with a CAGR of a 16.1%. The RFID Readers segment is also set to grow at 12.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $10.2 Billion in 2023, and China, forecasted to grow at an impressive 17.8% CAGR to reach $26.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Radio Frequency Identification (RFID) Technology Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Radio Frequency Identification (RFID) Technology Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Radio Frequency Identification (RFID) Technology Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 3M Company, Avery Dennison Corporation, ams AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 180 Featured):
- 3M Company
- Avery Dennison Corporation
- ams AG
- Alien Technology
- Bartronics India Ltd.
- ASSA ABLOY AB
- Ascendent ID, Inc.
- Argent International, Inc.
- Bartec Auto ID Ltd.
- Applied Wireless IDentifications Group (AWID), Inc.
- ACC Systems, Inc.
- Beijing ChinaReader Technology CO.,Ltd
- 1st Choice Security Solutions, Inc.
- AsReader, Inc.
- Beacon Events Limited
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 3M Company
- Avery Dennison Corporation
- ams AG
- Alien Technology
- Bartronics India Ltd.
- ASSA ABLOY AB
- Ascendent ID, Inc.
- Argent International, Inc.
- Bartec Auto ID Ltd.
- Applied Wireless IDentifications Group (AWID), Inc.
- ACC Systems, Inc.
- Beijing ChinaReader Technology CO.,Ltd
- 1st Choice Security Solutions, Inc.
- AsReader, Inc.
- Beacon Events Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 719 |
| Published | December 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 37.9 Billion |
| Forecasted Market Value ( USD | $ 97.5 Billion |
| Compound Annual Growth Rate | 14.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
