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RFID Market by Product Type, Frequency, End-use: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 249 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5533721
Description Jump to:
The global rfid market was valued at $11.8 billion in 2021, and is projected to reach $31.5 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031.

An improved wireless system with antennas built to transmit radio waves and receive signals from the RFID tags is known as radiofrequency identification. Tags and readers are the other two parts of radio frequency identification. RFID tags communicate with neighboring readers via radio waves.

The growth of RFID is majorly driven by the surge in government initiatives to boost RFID-based solution across various industries coupled with the growing demand for RFID products in retail sectors. Moreover, the rise in demand for RFID solutions in banking and healthcare sectors is expected to drive market growth. However, the considerable risk associated with data security and privacy is acting as prime restraint of the market. On the contrary, the surge in adoption of RFID tags for industry 4.0, Internet of Things and smart manufacturing is anticipated to provide lucrative opportunities for the RFID industry during the forecast period.

The RFID market is segmented on the basis of product type, frequency, and end user. By type the RFID market is segmented into tags, readers, and software & services. By frequency, the market is segmented into low frequency, high frequency, and ultra-high frequency. By end use, the market is classified into commercial, animal tracking, agriculture, security and access control, healthcare, retail, logistics and supply chain, and others. The key players profiled in the RFID market are Alien Technology, LLC, Avery Dennison Corporation, Bar Code India Limited, Bartech Data Systems PVT. LTD., Bartronics India Limited, Honeywell International. Inc., IDENTIV, Inc., Infotek Software & Systems Ltd. (I-TEK), NXP Semiconductor N.V., and Zebra Technologies Corporation.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the rfid market analysis from 2021 to 2031 to identify the prevailing rfid market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the rfid market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global rfid market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Product Type

  • Tags
  • Readers
  • Software and Services

By Frequency

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

By End Use

  • Commercial
  • Animal Tracking
  • Transportation
  • Agriculture
  • Security and Access Control
  • Healthcare
  • Retail
  • Logistics and Supply Chain
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Bartech Data Systems Pvt. Ltd.
  • Bartronics India Ltd
  • Honeywell International Inc.
  • Assa Abloy
  • AVERY DENNISON CORPORATION
  • Identiv, Inc.
  • Impinj, Inc.
  • Infotek Software & Systems Ltd.
  • NXP Semiconductors
  • GAO RFID Inc.
  • Data logics S.P.A.
  • Alien Technology, LLC
  • bar code india ltd.
  • Invengo Information Technology Co. Ltd.
  • Zebra Technologies Corporation

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low bargaining power of buyers
3.3.3. Low threat of substitutes
3.3.4. Low threat of new entrants
3.3.5. Low intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Surge in government initiatives to boost RFID-based solution across various industries
3.4.1.2. Increase in demand for RFID solutions in banking and healthcare sectors
3.4.1.3. Growth in demand for RFID products in retail sectors
3.4.2. Restraints
3.4.2.1. High risk associated with the data security and privacy
3.4.3. Opportunities
3.4.3.1. Surge in adoption of RFID tags for industry 4.0, Internet of Things and smart manufacturing
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: RFID MARKET, BY PRODUCT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Tags
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Readers
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Software and Services
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: RFID MARKET, BY FREQUENCY
5.1. Overview
5.1.1. Market size and forecast
5.2. Low Frequency
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. High Frequency
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Ultra-High Frequency
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: RFID MARKET, BY END USE
6.1. Overview
6.1.1. Market size and forecast
6.2. Commercial
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Animal Tracking
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Transportation
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Agriculture
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Security and Access Control
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
6.7. Healthcare
6.7.1. Key market trends, growth factors and opportunities
6.7.2. Market size and forecast, by region
6.7.3. Market share analysis by country
6.8. Retail
6.8.1. Key market trends, growth factors and opportunities
6.8.2. Market size and forecast, by region
6.8.3. Market share analysis by country
6.9. Logistics and Supply Chain
6.9.1. Key market trends, growth factors and opportunities
6.9.2. Market size and forecast, by region
6.9.3. Market share analysis by country
6.10. Others
6.10.1. Key market trends, growth factors and opportunities
6.10.2. Market size and forecast, by region
6.10.3. Market share analysis by country
CHAPTER 7: RFID MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Product Type
7.2.3. Market size and forecast, by Frequency
7.2.4. Market size and forecast, by End Use
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Product Type
7.2.5.1.3. Market size and forecast, by Frequency
7.2.5.1.4. Market size and forecast, by End Use
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Product Type
7.2.5.2.3. Market size and forecast, by Frequency
7.2.5.2.4. Market size and forecast, by End Use
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Product Type
7.2.5.3.3. Market size and forecast, by Frequency
7.2.5.3.4. Market size and forecast, by End Use
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Product Type
7.3.3. Market size and forecast, by Frequency
7.3.4. Market size and forecast, by End Use
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Product Type
7.3.5.1.3. Market size and forecast, by Frequency
7.3.5.1.4. Market size and forecast, by End Use
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Product Type
7.3.5.2.3. Market size and forecast, by Frequency
7.3.5.2.4. Market size and forecast, by End Use
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Product Type
7.3.5.3.3. Market size and forecast, by Frequency
7.3.5.3.4. Market size and forecast, by End Use
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Product Type
7.3.5.4.3. Market size and forecast, by Frequency
7.3.5.4.4. Market size and forecast, by End Use
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Product Type
7.3.5.5.3. Market size and forecast, by Frequency
7.3.5.5.4. Market size and forecast, by End Use
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Product Type
7.4.3. Market size and forecast, by Frequency
7.4.4. Market size and forecast, by End Use
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Product Type
7.4.5.1.3. Market size and forecast, by Frequency
7.4.5.1.4. Market size and forecast, by End Use
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Product Type
7.4.5.2.3. Market size and forecast, by Frequency
7.4.5.2.4. Market size and forecast, by End Use
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Product Type
7.4.5.3.3. Market size and forecast, by Frequency
7.4.5.3.4. Market size and forecast, by End Use
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Product Type
7.4.5.4.3. Market size and forecast, by Frequency
7.4.5.4.4. Market size and forecast, by End Use
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Product Type
7.4.5.5.3. Market size and forecast, by Frequency
7.4.5.5.4. Market size and forecast, by End Use
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Product Type
7.5.3. Market size and forecast, by Frequency
7.5.4. Market size and forecast, by End Use
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Product Type
7.5.5.1.3. Market size and forecast, by Frequency
7.5.5.1.4. Market size and forecast, by End Use
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Product Type
7.5.5.2.3. Market size and forecast, by Frequency
7.5.5.2.4. Market size and forecast, by End Use
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Product Type
7.5.5.3.3. Market size and forecast, by Frequency
7.5.5.3.4. Market size and forecast, by End Use
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Alien Technology, LLC
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Key strategic moves and developments
9.2. Assa Abloy
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. AVERY DENNISON CORPORATION
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. bar code india ltd.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.5. Bartech Data Systems Pvt. Ltd.
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.6. Bartronics India Ltd
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.7. Data logics S.P.A.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Business performance
9.8. Honeywell International Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.9. GAO RFID Inc.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.10. Identiv, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
9.11. Impinj, Inc.
9.11.1. Company overview
9.11.2. Key Executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
9.11.6. Business performance
9.11.7. Key strategic moves and developments
9.12. Invengo Information Technology Co. Ltd.
9.12.1. Company overview
9.12.2. Key Executives
9.12.3. Company snapshot
9.12.4. Operating business segments
9.12.5. Product portfolio
9.12.6. Business performance
9.13. Infotek Software & Systems Ltd.
9.13.1. Company overview
9.13.2. Key Executives
9.13.3. Company snapshot
9.13.4. Operating business segments
9.13.5. Product portfolio
9.14. NXP Semiconductors
9.14.1. Company overview
9.14.2. Key Executives
9.14.3. Company snapshot
9.14.4. Operating business segments
9.14.5. Product portfolio
9.14.6. Business performance
9.14.7. Key strategic moves and developments
9.15. Zebra Technologies Corporation
9.15.1. Company overview
9.15.2. Key Executives
9.15.3. Company snapshot
9.15.4. Operating business segments
9.15.5. Product portfolio
9.15.6. Business performance
9.15.7. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 02. RFID MARKET FOR TAGS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. RFID MARKET FOR READERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. RFID MARKET FOR SOFTWARE AND SERVICES, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. GLOBAL RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 06. RFID MARKET FOR LOW FREQUENCY, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. RFID MARKET FOR HIGH FREQUENCY, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 08. RFID MARKET FOR ULTRA-HIGH FREQUENCY, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. GLOBAL RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 10. RFID MARKET FOR COMMERCIAL, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 11. RFID MARKET FOR ANIMAL TRACKING, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 12. RFID MARKET FOR TRANSPORTATION, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 13. RFID MARKET FOR AGRICULTURE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. RFID MARKET FOR SECURITY AND ACCESS CONTROL, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 15. RFID MARKET FOR HEALTHCARE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 16. RFID MARKET FOR RETAIL, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 17. RFID MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 18. RFID MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 19. RFID MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 20. NORTH AMERICA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 21. NORTH AMERICA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 22. NORTH AMERICA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 23. NORTH AMERICA RFID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 24. U.S. RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 25. U.S. RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 26. U.S. RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 27. CANADA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 28. CANADA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 29. CANADA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 30. MEXICO RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 31. MEXICO RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 32. MEXICO RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 33. EUROPE RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 34. EUROPE RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 35. EUROPE RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 36. EUROPE RFID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 37. UK RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 38. UK RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 39. UK RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 40. GERMANY RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 41. GERMANY RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 42. GERMANY RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 43. FRANCE RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 44. FRANCE RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 45. FRANCE RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 46. ITALY RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 47. ITALY RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 48. ITALY RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 49. REST OF EUROPE RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 50. REST OF EUROPE RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 51. REST OF EUROPE RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 52. ASIA-PACIFIC RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 53. ASIA-PACIFIC RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 54. ASIA-PACIFIC RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 55. ASIA-PACIFIC RFID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 56. CHINA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 57. CHINA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 58. CHINA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 59. JAPAN RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 60. JAPAN RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 61. JAPAN RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 62. INDIA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 63. INDIA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 64. INDIA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 65. SOUTH KOREA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 66. SOUTH KOREA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 67. SOUTH KOREA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 68. REST OF ASIA-PACIFIC RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 69. REST OF ASIA-PACIFIC RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 70. REST OF ASIA-PACIFIC RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 71. LAMEA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 72. LAMEA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 73. LAMEA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 74. LAMEA RFID MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 75. LATIN AMERICA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 76. LATIN AMERICA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 77. LATIN AMERICA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 78. MIDDLE EAST RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 79. MIDDLE EAST RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 80. MIDDLE EAST RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 81. AFRICA RFID MARKET, BY PRODUCT TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 82. AFRICA RFID MARKET, BY FREQUENCY, 2021-2031 (REVENUE, $MILLION)
TABLE 83. AFRICA RFID MARKET, BY END USE, 2021-2031 (REVENUE, $MILLION)
TABLE 84. ALIEN TECHNOLOGY, LLC: KEY EXECUTIVES
TABLE 85. ALIEN TECHNOLOGY, LLC: COMPANY SNAPSHOT
TABLE 86. ALIEN TECHNOLOGY, LLC: PRODUCT SEGMENTS
TABLE 87. ALIEN TECHNOLOGY, LLC: PRODUCT PORTFOLIO
TABLE 88. ALIEN TECHNOLOGY, LLC: KEY STRATERGIES
TABLE 89. ASSA ABLOY: KEY EXECUTIVES
TABLE 90. ASSA ABLOY: COMPANY SNAPSHOT
TABLE 91. ASSA ABLOY: PRODUCT SEGMENTS
TABLE 92. ASSA ABLOY: PRODUCT PORTFOLIO
TABLE 93. ASSA ABLOY: KEY STRATERGIES
TABLE 94. AVERY DENNISON CORPORATION: KEY EXECUTIVES
TABLE 95. AVERY DENNISON CORPORATION: COMPANY SNAPSHOT
TABLE 96. AVERY DENNISON CORPORATION: PRODUCT SEGMENTS
TABLE 97. AVERY DENNISON CORPORATION: PRODUCT PORTFOLIO
TABLE 98. AVERY DENNISON CORPORATION: KEY STRATERGIES
TABLE 99. BAR CODE INDIA LTD.: KEY EXECUTIVES
TABLE 100. BAR CODE INDIA LTD.: COMPANY SNAPSHOT
TABLE 101. BAR CODE INDIA LTD.: PRODUCT SEGMENTS
TABLE 102. BAR CODE INDIA LTD.: PRODUCT PORTFOLIO
TABLE 103. BARTECH DATA SYSTEMS PVT. LTD.: KEY EXECUTIVES
TABLE 104. BARTECH DATA SYSTEMS PVT. LTD.: COMPANY SNAPSHOT
TABLE 105. BARTECH DATA SYSTEMS PVT. LTD.: PRODUCT SEGMENTS
TABLE 106. BARTECH DATA SYSTEMS PVT. LTD.: PRODUCT PORTFOLIO
TABLE 107. BARTRONICS INDIA LTD: KEY EXECUTIVES
TABLE 108. BARTRONICS INDIA LTD: COMPANY SNAPSHOT
TABLE 109. BARTRONICS INDIA LTD: PRODUCT SEGMENTS
TABLE 110. BARTRONICS INDIA LTD: PRODUCT PORTFOLIO
TABLE 111. DATA LOGICS S. P. A.: KEY EXECUTIVES
TABLE 112. DATA LOGICS S. P. A.: COMPANY SNAPSHOT
TABLE 113. DATA LOGICS S. P. A.: PRODUCT SEGMENTS
TABLE 114. DATA LOGICS S. P. A.: PRODUCT PORTFOLIO
TABLE 115. HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 116. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 117. HONEYWELL INTERNATIONAL INC.: PRODUCT SEGMENTS
TABLE 118. HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 119. GAO RFID INC.: KEY EXECUTIVES
TABLE 120. GAO RFID INC.: COMPANY SNAPSHOT
TABLE 121. GAO RFID INC.: PRODUCT SEGMENTS
TABLE 122. GAO RFID INC.: PRODUCT PORTFOLIO
TABLE 123. IDENTIV, INC.: KEY EXECUTIVES
TABLE 124. IDENTIV, INC.: COMPANY SNAPSHOT
TABLE 125. IDENTIV, INC.: PRODUCT SEGMENTS
TABLE 126. IDENTIV, INC.: PRODUCT PORTFOLIO
TABLE 127. IDENTIV, INC.: KEY STRATERGIES
TABLE 128. IMPINJ, INC.: KEY EXECUTIVES
TABLE 129. IMPINJ, INC.: COMPANY SNAPSHOT
TABLE 130. IMPINJ, INC.: PRODUCT SEGMENTS
TABLE 131. IMPINJ, INC.: PRODUCT PORTFOLIO
TABLE 132. IMPINJ, INC.: KEY STRATERGIES
TABLE 133. INVENGO INFORMATION TECHNOLOGY CO. LTD.: KEY EXECUTIVES
TABLE 134. INVENGO INFORMATION TECHNOLOGY CO. LTD.: COMPANY SNAPSHOT
TABLE 135. INVENGO INFORMATION TECHNOLOGY CO. LTD.: PRODUCT SEGMENTS
TABLE 136. INVENGO INFORMATION TECHNOLOGY CO. LTD.: PRODUCT PORTFOLIO
TABLE 137. INFOTEK SOFTWARE & SYSTEMS LTD.: KEY EXECUTIVES
TABLE 138. INFOTEK SOFTWARE & SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 139. INFOTEK SOFTWARE & SYSTEMS LTD.: SERVICE SEGMENTS
TABLE 140. INFOTEK SOFTWARE & SYSTEMS LTD.: PRODUCT PORTFOLIO
TABLE 141. NXP SEMICONDUCTORS: KEY EXECUTIVES
TABLE 142. NXP SEMICONDUCTORS: COMPANY SNAPSHOT
TABLE 143. NXP SEMICONDUCTORS: PRODUCT SEGMENTS
TABLE 144. NXP SEMICONDUCTORS: PRODUCT PORTFOLIO
TABLE 145. NXP SEMICONDUCTORS: KEY STRATERGIES
TABLE 146. ZEBRA TECHNOLOGIES CORPORATION: KEY EXECUTIVES
TABLE 147. ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 148. ZEBRA TECHNOLOGIES CORPORATION: PRODUCT SEGMENTS
TABLE 149. ZEBRA TECHNOLOGIES CORPORATION: PRODUCT PORTFOLIO
TABLE 150. ZEBRA TECHNOLOGIES CORPORATION: KEY STRATERGIES
List of Figures
FIGURE 01. RFID MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF RFID MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN RFID MARKET (2022-2031)
FIGURE 04. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW BARGAINING POWER OF BUYERS
FIGURE 06. LOW THREAT OF SUBSTITUTES
FIGURE 07. LOW THREAT OF NEW ENTRANTS
FIGURE 08. LOW INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALRFID MARKET
FIGURE 10. RFID MARKET, BY PRODUCT TYPE, 2021 (%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR TAGS, BY COUNTRY 2021-2031 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR READERS, BY COUNTRY 2021-2031 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR SOFTWARE AND SERVICES, BY COUNTRY 2021-2031 (%)
FIGURE 14. RFID MARKET, BY FREQUENCY, 2021 (%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR LOW FREQUENCY, BY COUNTRY 2021-2031 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR HIGH FREQUENCY, BY COUNTRY 2021-2031 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR ULTRA-HIGH FREQUENCY, BY COUNTRY 2021-2031 (%)
FIGURE 18. RFID MARKET, BY END USE, 2021 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR COMMERCIAL, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR ANIMAL TRACKING, BY COUNTRY 2021-2031 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR TRANSPORTATION, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR AGRICULTURE, BY COUNTRY 2021-2031 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR SECURITY AND ACCESS CONTROL, BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR HEALTHCARE, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR RETAIL, BY COUNTRY 2021-2031 (%)
FIGURE 26. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR LOGISTICS AND SUPPLY CHAIN, BY COUNTRY 2021-2031 (%)
FIGURE 27. COMPARATIVE SHARE ANALYSIS OF RFID MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 28. RFID MARKET BY REGION, 2021
FIGURE 29. U.S. RFID MARKET, 2021-2031 ($MILLION)
FIGURE 30. CANADA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 31. MEXICO RFID MARKET, 2021-2031 ($MILLION)
FIGURE 32. UK RFID MARKET, 2021-2031 ($MILLION)
FIGURE 33. GERMANY RFID MARKET, 2021-2031 ($MILLION)
FIGURE 34. FRANCE RFID MARKET, 2021-2031 ($MILLION)
FIGURE 35. ITALY RFID MARKET, 2021-2031 ($MILLION)
FIGURE 36. REST OF EUROPE RFID MARKET, 2021-2031 ($MILLION)
FIGURE 37. CHINA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 38. JAPAN RFID MARKET, 2021-2031 ($MILLION)
FIGURE 39. INDIA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 40. SOUTH KOREA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 41. REST OF ASIA-PACIFIC RFID MARKET, 2021-2031 ($MILLION)
FIGURE 42. LATIN AMERICA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 43. MIDDLE EAST RFID MARKET, 2021-2031 ($MILLION)
FIGURE 44. AFRICA RFID MARKET, 2021-2031 ($MILLION)
FIGURE 45. TOP WINNING STRATEGIES, BY YEAR
FIGURE 46. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 47. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 48. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 49. COMPETITIVE DASHBOARD
FIGURE 50. COMPETITIVE HEATMAP: RFID MARKET
FIGURE 51. TOP PLAYER POSITIONING, 2021
FIGURE 52. ASSA ABLOY: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 53. ASSA ABLOY: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 54. ASSA ABLOY: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 55. AVERY DENNISON CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 56. AVERY DENNISON CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 57. AVERY DENNISON CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 58. BARTRONICS INDIA LTD: NET REVENUE, 2020-2022 ($MILLION)
FIGURE 59. BARTRONICS INDIA LTD: REVENUE SHARE BY REGION, 2022 (%)
FIGURE 60. BARTRONICS INDIA LTD: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 61. DATA LOGICS S. P. A.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 62. DATA LOGICS S. P. A.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 63. DATA LOGICS S. P. A.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 64. DATA LOGICS S. P. A.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 65. HONEYWELL INTERNATIONAL INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 66. HONEYWELL INTERNATIONAL INC.: NET SALES, 2019-2021 ($MILLION)
FIGURE 67. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 68. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 69. IDENTIV, INC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 70. IDENTIV, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 71. IMPINJ, INC.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 72. IMPINJ, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 73. INVENGO INFORMATION TECHNOLOGY CO. LTD.: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 74. INVENGO INFORMATION TECHNOLOGY CO. LTD.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 75. NXP SEMICONDUCTORS: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 76. NXP SEMICONDUCTORS: NET REVENUE, 2019-2021 ($MILLION)
FIGURE 77. NXP SEMICONDUCTORS: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 78. NXP SEMICONDUCTORS: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 79. ZEBRA TECHNOLOGIES CORPORATION: NET SALES, 2019-2021 ($MILLION)
FIGURE 80. ZEBRA TECHNOLOGIES CORPORATION: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021 ($MILLION)
FIGURE 81. ZEBRA TECHNOLOGIES CORPORATION: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 82. ZEBRA TECHNOLOGIES CORPORATION: REVENUE SHARE BY SEGMENT, 2021 (%)

Executive Summary

According to the report titled, “RFID Market," the rfid market was valued at $11.8 billion in 2021, and is estimated to reach $31.5 billion by 2031, growing at a CAGR of 10.2% from 2022 to 2031. The RFID Market is likely to experience a significant growth rate of 10.2% from 2022-2031 owing to increasing market demand from retail sector.

A radio wave is used by an RFID reader and an RFID tag or transponder to interact in the radio-frequency identification (RFID) technology. Real-time object or person identification and tracking is the primary function of RFID technology. In addition, a wide number of businesses, including supply chain management, retail, transportation, healthcare, and security, have used RFID technology. Improved productivity, enhanced accuracy, real-time tracking, and lower labor expenses are some advantages of RFID.

Key factors driving the growth of the RFID market include the growing demand for RFID products in retail sectors paired with the surge in government initiatives to boost RFID-based solution across various industries. Rapid technical advancement in next-generation asset tracking solutions in the commercial, agricultural, retail, and logistics sectors has resulted in boosting the next-generation RFID solutions; subsequently, propelling the market competitiveness. RFID tags are mostly utilized in item-level tagging and smart shelves in the retail industry. Smart shelves are created with an integrated RFID reader system that sounds an alarm whenever the amount of stock on the shelf drops, preventing scenarios such as running out of stock. In addition, the ultra-high frequency solution has brought about a significant change in RFID technology across the commercial sector. RFID technology implementation has offered government and private organizations a significant chance to develop smart infrastructure solutions across commercial and defense industries, which is opportunistic for the market growth.

The market also offers growth opportunities to the key players in the market. The Internet of Things-based, Industry 4.0, and smart manufacturing solution have witnessed a rise in penetration in the India RFID market. The ability of the Internet of Things technology-based smart RFID solution to track shipments of inventory, assets, and goods in real-time offers a highly accurate and cost-effective solution compared with traditional methods. This has led to a rise in the penetration of RFID solution-based tracking services applications.

The RFID market is segmented on the basis of product type, frequency, end user, and region. By type the RFID market is segmented into tags, readers, and software & services. Based on frequency, the market is segmented into low frequency, high frequency, and ultra-high frequency. By end use, the market is classified into commercial, animal tracking, agriculture, security and access control, healthcare, retail, logistics and supply chain, and others. Region-wise, the RFID market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Bar Code India Limited, Bartech Data Systems PVT. LTD., Bartronics India Limited, Honeywell International. Inc., IDENTIV, Inc. The players in the market have been actively engaged in the adoption various strategies such as product launch, partnership, acquisition, product upgrade, and product development to remain competitive and gain advantage over the competitors in the market. For instance, in October 2022, Avery Dennison, opened I.Lab, an innovation center that demonstrates various types of RFID inlays and digital ID solutions in South Korea. The I.Lab is a showroom where customers can visit and experience RFID technology. This is the 6th global innovation center opened by Avery Dennison after the U.S., the Netherlands, India, Brazil, and China. In addition, in January 2020, Identiv Inc. launched a transponder portfolio of eco-friendly RFID and NFC Tags. The clean, green radio frequency identification (RFID) and near field communication (NFC) inlays focus on a safer Internet of Things (IoT) market by serving the unique requirements of other environmentally conscious companies aiming to protect the planet.

Key Market Insights

  • By product type, the tags segment was the highest revenue contributor to the market, and is estimated to reach $19.1 billion by 2031, with a CAGR of 10.5%. Further, the readers segment is estimated to grow with the CAGR of 9.9% during the forecast period.
  • By frequency, the high frequency segment dominated the global market, and is estimated to reach $16.4 billion by 2031, with a CAGR of 11.1% and is expected to be the fastest growing segment during the RFID Market forecast.
  • Based on end use, the retail segment accounted a major share in RFID market and expected to reach $7.39 billion by 2031,with a CAGR of 9.1%. Moreover, the transportation segment is expected to grow at a high CAGR of 12.2% during the forecast period.
  • Based on region, North America was the highest revenue contributor, accounting for $4.20 billion in 2021, and is estimated to reach $9.22 billion by 2031, with a CAGR of 8.0%.

Companies Mentioned

  • Bartech Data Systems Pvt. Ltd.
  • Bartronics India Ltd
  • Honeywell International Inc.
  • Assa Abloy
  • AVERY DENNISON CORPORATION
  • Identiv, Inc.
  • Impinj, Inc.
  • Infotek Software & Systems Ltd.
  • NXP Semiconductors
  • GAO RFID Inc.
  • Data logics S.P.A.
  • Alien Technology, LLC
  • bar code india ltd.
  • Invengo Information Technology Co. Ltd.
  • Zebra Technologies Corporation

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table Information

Report AttributeDetails
No. of Pages249
PublishedFebruary 2023
Forecast Period2021 - 2031
Estimated Market Value ( USD ) in 2021 $ 11.8 billion
Forecasted Market Value ( USD ) by 2031 $ 31.5 billion
Compound Annual Growth Rate10.3%
Regions CoveredGlobal
No. of Companies Mentioned15

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