RFID Market Size, Share, Industry Report, Revenue Trends and Growth Drivers 2034

RFID Market by Tag, Reader, Software & Service, Card, Label, Sensor-based, Inventory & Asset Management, Security & Access Control, Contactless Payment, Retail, Animal Tracking, and Industrial & Manufacturing - Global Forecast to 2034

USD 30.47 BN

MARKET SIZE, 2034

CAGR 8.5%

(2025-2034)

320

REPORT PAGES

180

MARKET TABLES

OVERVIEW

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The RFID market is projected to reach USD 30.47 billion by 2034 from USD 14.58 billion in 2025, at a CAGR of 8.5%. The market is expected to grow steadily, driven by the rising adoption of automated identification, real-time tracking, and RFID-enabled digitalization across the retail, transportation, logistics & warehousing, industrial & manufacturing, and medical, healthcare & pharmaceutical sectors.

KEY TAKEAWAYS

By Region

The Asia Pacific is expected to register the fastest growth in the RFID market, expanding at a CAGR of 10.5%, driven by rapid retail expansion, increased manufacturing scale, and digitalization of logistics across China, India, Japan, and South Korea.
By Offering

By offering, the tags segment accounted for the largest share of approximately 51% in 2024, driven by large-scale item-level tagging and asset tracking deployments across retail and supply chain operations.
By Frequency Range

The high frequency (HF) segment held the largest share of 57% in 2024, supported by strong adoption in contactless payments, access control, ticketing, and secure identification applications.
By Form Factor

The labels segment is expected to register the highest CAGR of 12.4% from 2025 to 2034, driven by high-volume usage in retail inventory management, logistics, and warehouse automation.
By Application

The contactless payments segment is projected to grow at the highest CAGR of 11.8%, supported by rising adoption of digital payments, NFC-enabled systems, and transit fare collection platforms.
By End Use

Retail represents the largest vertical in the RFID market, driven by widespread item-level tagging, inventory accuracy initiatives, and omnichannel fulfillment strategies among global retailers.
By Material

The paper segment accounted for the largest share, supported by its cost-effectiveness, scalability, and extensive use in RFID labels for retail and logistics applications.
Competitive Landscape

Zebra Technologies Corp., Avery Dennison Corporation, Honeywell International Inc., HID Global Corporation, and Datalogic S.p.A. are identified as leading players, supported by broad product portfolios and strong enterprise deployments.
Competitive Landscape

Companies such as ORBCOMM, Mojix, eAgile Inc., and Omni-ID are strengthening their positions through innovation in RFID hardware, software platforms, and industry-specific solutions.
Omnitaas
Omnitaas is pushing the boundaries of traditional SCM by evolving from 'Top-floor to Shop-floor' integration to a true 'Shop-floor to Shop-floor' visibility model. By enabling real-time collaboration across different partners' production environments, their TaaS-AI™ suite provides the predictive foresight and cross-organizational transparency essential for modern, high-velocity supply chains.

The RFID market is witnessing steady growth driven by increasing adoption of automated identification, real-time tracking, and data-driven operations across retail, logistics, manufacturing, and healthcare. Rising deployment of RFID tags, readers, and software platforms, along with growing integration with IoT and enterprise systems, is reshaping operational visibility and efficiency globally.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Trends in retail digitalization, e-commerce growth, smart logistics, and contactless services are reshaping RFID adoption, pushing enterprises to deploy RFID tags, readers, and software platforms for real-time visibility, automation, and secure identification. These trends are driving broader use of RFID across inventory management, supply chain tracking, access control, ticketing, and payment systems to improve efficiency, transparency, and customer experience across downstream industries.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers

Impact
Level

Supply chain digitalization and real-time visibility demand
Automation growth in logistics and warehousing

RESTRAINTS

Impact
Level

High total cost of ownership for large-scale deployments
Integration complexity with legacy IT and WMS/ERP systems

OPPORTUNITIES

Impact
Level

Industry 4.0 and smart manufacturing adoption
RFID-enabled traceability in healthcare and pharmaceuticals

CHALLENGES

Impact
Level

RF signal interference and read accuracy constraints in metal- and liquid-intensive RFID deployments
Managing interoperability in heterogeneous RFID ecosystems

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Supply chain digitalization and rising demand for real-time visibility

Global supply chains are becoming increasingly complex, driving strong demand for real-time visibility across inventory, assets, and shipments. Enterprises are adopting RFID to automate data capture, improve inventory accuracy, and enable end-to-end traceability across warehouses, distribution centers, and retail networks. As omnichannel retail, e-commerce fulfillment, and just-in-time operations expand, RFID supports faster cycle counts, reduced stockouts, and improved decision-making. Integration of RFID with IoT platforms, analytics, and enterprise systems further strengthens its role as a core enabler of digital supply chain transformation.

Restraint: High total cost of ownership for large-scale RFID deployments

Despite declining tag prices, large-scale RFID deployments continue to face high total cost of ownership due to infrastructure investments, system integration, software customization, and ongoing maintenance. Costs related to reader installation, network upgrades, middleware configuration, and change management can be significant, particularly for multi-site deployments. These factors can delay adoption in cost-sensitive industries and limit expansion beyond pilot projects, especially among small and mid-sized enterprises.

Opportunity: RFID-enabled traceability in healthcare and pharmaceuticals

Healthcare and pharmaceutical sectors present strong growth opportunities for RFID due to increasing focus on product authentication, patient safety, and regulatory compliance. RFID enables real-time tracking of medical devices, pharmaceuticals, and high-value assets across hospitals and supply chains. Adoption is further supported by requirements for drug traceability, cold-chain monitoring, and inventory control. RFID-based systems improve visibility, reduce errors, and enhance compliance, positioning healthcare as a high-value growth segment for advanced RFID solutions.

Challenge: RF signal interference and read accuracy issues in metal- and liquid-intensive environments

RFID performance can be constrained in environments with high metal content or liquid exposure, where RF signal reflection and absorption reduce read accuracy. These challenges are common in industrial manufacturing, healthcare equipment, and food processing applications. Addressing these issues requires specialized tag designs, optimized reader placement, and environment-specific system tuning. Managing performance consistency across diverse operating conditions remains a key technical challenge for large-scale and mission-critical RFID deployments.

RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY	USE CASE DESCRIPTION	BENEFITS
	Deployment of enterprise-grade RFID readers, printers, and mobile devices for item-level inventory tracking in retail stores and distribution centers	Improved inventory accuracy \| Faster cycle counts \| Reduced stockouts and shrinkage
	Large-scale deployment of RFID labels and inlays for supply chain visibility, apparel tagging, and logistics tracking.	Scalable item-level traceability \| Lower manual scanning effort \| Enhanced supply chain transparency
OMNITAAS	Implementation of Premise-on-Cloud AI-driven RFID platform for unified Asset and Manufacturing Intelligence & Collaboration, providing real-time Work-in-Process (WIP) and lifecycle monitoring.	Achieves 99.9% data accuracy from sensor to cloud via AI-powered phantom read filtering \| Delivers a 30x reduction in stock-take time and an 18% decrease in WIP bottlenecks \| Enables Industry 5.0 collaboration through mobile-first visibility and automated predictive alerts \| Redefines SCM by enabling real-time "Shop-floor to Shop-floor" visibility across external partners.
	Use of RAIN RFID tag chips and reader ICs for high-volume retail, logistics, and asset tracking applications	Long read range \| High tag-read accuracy \| Cost-efficient mass deployment
	Deployment of HF and NFC-based RFID solutions for secure access control, identification, and authentication systems	Enhanced security \| Reliable identity management \| Reduced fraud and unauthorized access
	Implementation of cloud-based RFID software for real-time work-in-progress, asset visibility, and manufacturing intelligence	Real-time operational visibility \| Improved asset utilization \| Data-driven decision-making

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The RFID market ecosystem includes tag and label manufacturers, reader and antenna suppliers, and software providers enabling automated identification and real-time data capture. System integrators support deployment by integrating RFID hardware and software into enterprise IT environments. End users such as retailers, logistics operators, manufacturers, and consumer brands drive adoption through inventory management, supply chain visibility, and operational automation use cases.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

RFID Market, by Offering

In 2024, the tags segment held the largest share of the RFID market and is expected to remain dominant through the forecast period. Growth is driven by large-scale item-level tagging across retail, logistics, and supply chain operations. RFID tags are central to enabling real-time visibility, inventory accuracy, and automated data capture. As enterprises expand omnichannel fulfillment, warehouse automation, and asset tracking initiatives, demand for high-volume, cost-efficient RFID tags continues to rise.

RFID Market, by Application

In 2024, inventory and asset management applications dominated RFID adoption due to strong demand for real-time tracking and operational efficiency. However, contactless payments are expected to register the fastest CAGR, supported by increasing adoption of NFC-enabled payment systems, transit fare collection, and access-based transactions. Growing preference for touchless and secure payment experiences continues to accelerate RFID deployment in payment-related applications.

RFID Market, by Frequency Range

The high-frequency (HF) segment held the largest share in 2024, driven by widespread use in contactless payments, access control, ticketing, and secure identification systems. HF RFID offers reliable short-range performance and strong security features, supporting continued adoption across mobility, banking, and authentication use cases.

RFID Market, by Form Factor

RFID labels represented the most widely used form factor in 2024 due to their low cost, scalability, and ease of integration into packaging, apparel, and logistics workflows. In addition, the labels segment is expected to register the highest CAGR over the forecast period, supported by growing item-level tagging and warehouse automation initiatives across retail and supply chains.

RFID Market, by Material

The paper segment accounted for the largest share of the RFID market in 2024, supported by its cost-effectiveness, lightweight properties, and suitability for high-volume label production. Paper-based RFID tags are widely used in retail, logistics, and warehousing applications where disposability, print compatibility, and scalability are key requirements.

RFID Market, by End Use

Retail emerged as the largest vertical in the RFID market, driven by widespread adoption of item-level tagging, inventory accuracy programs, and omnichannel fulfillment strategies. Retailers continue to deploy RFID to reduce stockouts, improve shelf availability, and enhance in-store and online integration, reinforcing the sector’s leading contribution to overall market demand.

REGION

Asia Pacific to register highest growth in the global RFID market during forecast period

The Asia Pacific region is expected to register the highest CAGR in the RFID market from 2025 to 2034, driven by rapid retail expansion, supply chain digitalization, and large-scale logistics automation. Strong growth in e-commerce, manufacturing, and contactless payment infrastructure across China, India, Japan, and Southeast Asia is accelerating RFID adoption.

RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS: COMPANY EVALUATION MATRIX

In the RFID market matrix, Zebra Technologies Corp. is positioned as a Star, supported by strong market share, a broad end-to-end RFID portfolio, and deep penetration across retail, logistics, and manufacturing applications. Alien Technology, LLC is an Emerging Leader, driven by its focused RAIN RFID tag and reader offerings and rising adoption in cost-sensitive, high-volume supply chain deployments.

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

Zebra Technologies Corp. (US)
Honeywell International Inc. (US)
Avery Dennison Corporation (US)
HID Global Corporation (US)
Datalogic S.p.A. (Italy)
Impinj, Inc. (US)
Alien Technology, LLC (US)
CAEN RFID S.r.l. (Italy)
GAO RFID Inc. (Canada)
OMNITASS
Xemelgo, Inc. (US)

MARKET SCOPE

REPORT METRIC	DETAILS
Market Size in 2024 (Value)	USD 13.71 Billion
Market Forecast in 2034 (Value)	USD 30.47 Billion
Growth Rate	8.5%
Years Considered	2021-2034
Base Year	2024
Forecast Period	2025-2034
Units Considered	Value (USD Billion), Volume (Units)
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Offering: Tags Readers Software & Services By Material: Paper Glass Plastic Other Materials By Frequency Range: Ultra-high High Low By Form Factor: Cards Labels Bands Key Fobs & Tokens Papers & Inlays Implants Sensor-based Tags Other Form Factors By Application: Inventory & Asset Management Security & Access Control Ticketing Contactless Payments By End Use: Automotive; Industrial & Manufacturing; Medical Healthcare & Pharmaceutical; Agriculture; Retail; Animal Tracking; Aerospace & Defense; Sports Events & People Tracking; Transportation Logistics & Warehousing; and Data Center
Regions Covered	North America, Europe, Asia Pacific, RoW

WHAT IS IN IT FOR YOU: RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST	CUSTOMIZATION DELIVERED	VALUE ADDS
Large Retailer / Omnichannel Brand	Detailed assessment of item-level RFID deployment across stores and distribution centers Technology benchmarking of RFID tags, fixed and handheld readers, and middleware platforms Evaluation of system integration with POS, inventory management, and omnichannel fulfillment systems	Improve inventory accuracy and real-time stock visibility Reduce out-of-stocks, overstocks, and shrinkage Enable unified inventory view across online and offline channels Support phased, scalable RFID rollout across retail networks
Logistics & Warehousing Operator	End-to-end RFID feasibility study covering inbound, storage, picking, and outbound processes Integration assessment with WMS, TMS, and ERP platforms Optimization of reader placement, read zones, and process workflows	Increase warehouse throughput and order accuracy Reduce manual scanning, labor dependency, and processing errors Enable real-time shipment, pallet, and asset tracking Improve SLA adherence and operational efficiency
Manufacturing Enterprise	RFID roadmap development for work-in-progress, tooling, and asset tracking Assessment of RFID integration with MES, IoT, and analytics platforms Evaluation of ruggedized tags for harsh industrial environments	Enhance production visibility and traceability Improve asset utilization and maintenance planning Reduce production delays and material misplacement Enable data-driven manufacturing and operational decision-making
Healthcare Provider / Pharma Company	Use-case mapping for RFID-enabled asset tracking, patient flow, and pharmaceutical traceability Evaluation of HF/UHF RFID technology suitability and data security requirements Cold-chain and compliance-focused deployment assessment	Improve patient safety and regulatory compliance Reduce losses, theft, and medication errors Strengthen end-to-end traceability across clinical and pharmaceutical workflows Enhance operational efficiency in healthcare environments
Transportation Authority / Transit Operator	Assessment of contactless fare collection and payment systems using HF/NFC RFID Technology benchmarking for interoperability, scalability, and security Migration planning from legacy ticketing systems	Enable seamless, cashless passenger experience Improve transaction speed, reliability, and system uptime Reduce fare evasion and operational costs Support scalable smart mobility and transit modernization initiatives
RFID Solution Provider / Vendor	Competitive benchmarking of RFID product portfolios across tags, readers, and software Gap analysis by vertical, application, and region Go-to-market and partnership opportunity assessment	Refine product positioning and differentiation strategy Identify high-growth applications, verticals, and regions Support product roadmap planning and ecosystem partnerships Strengthen long-term competitive positioning

RECENT DEVELOPMENTS

January 2026: Omnitaas Unveils AI-Native Integration for Cross-Partner Collaboration Omnitaas has integrated AI-driven intelligence across its TaaS-AI™ suite, bridging Asset and Manufacturing Intelligence to enable real-time shop-floor to shop-floor visibility. This development facilitates seamless, secure collaboration across disparate partner organizations, delivering a true end-to-end supply chain ecosystem.
November 2025 : Impinj, Inc. expanded its Gen2X RAIN RFID protocol enhancements, enabling faster inventory reads, improved reader sensitivity, stronger counterfeit protection, and enhanced privacy for large-scale enterprise deployments.
October 2025 : Avery Dennison Corporation partnered with Walmart to develop sensor-enabled RFID labels for high-moisture and cold environments, improving freshness tracking and inventory accuracy in meat, bakery, and deli categories.
October 2025 : Honeywell International Inc. announced the CT70 mobile computer, featuring AI capabilities and planned RAIN RFID integration in early 2026, to improve inventory accuracy and workforce productivity in retail and logistics operations.
July 2025 : Zebra Technologies Corp. made a strategic investment in Xemelgo, Inc., strengthening AI-driven RFID visibility and automation capabilities for manufacturing and industrial workflows.
April 2025 : HID Global Corporation launched the OMNIKEY SE Plug, a compact, cable-free RFID reader designed to enable secure, passwordless authentication for mobile professionals and field workers.

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TITLE

PAGE NO

INTRODUCTION

EXECUTIVE SUMMARY

PREMIUM INSIGHTS

MARKET OVERVIEW

RFID technology revolutionizes supply chains with automation, despite high costs and integration challenges.

4.1

INTRODUCTION

4.2

MARKET DYNAMICS

4.2.1

DRIVERS

4.2.1.1

EVOLUTION OF DIGITAL SUPPLY CHAINS

4.2.1.2

AUTOMATION IN LOGISTICS AND WAREHOUSING DUE TO RAPID EXPANSION OF E-COMMERCE SECTOR

4.2.1.3

INTEGRATION OF RFID INTO IOT, ANALYTICS, AND EDGE COMPUTING PLATFORMS

4.2.1.4

RISING DEMAND FOR CONTACTLESS AND TOUCHLESS IDENTIFICATION SOLUTIONS

4.2.2

RESTRAINTS

4.2.2.1

HIGH COST OF OWNERSHIP FOR LARGE-SCALE MULTI-SITE DEPLOYMENTS

4.2.2.2

COMPLEXITIES ASSOCIATED WITH RFID INTEGRATION IN LEGACY IT AND WMS/ERP SYSTEMS

4.2.2.3

PRICE SENSITIVITY OF RFID TAGS IN LOW-MARGIN INDUSTRIES

4.2.2.4

SITE-LEVEL INFRASTRUCTURE UPGRADE REQUIREMENTS

4.2.3

OPPORTUNITIES

4.2.3.1

ELEVATING ADOPTION OF INDUSTRY 4.0 AND SMART MANUFACTURING SOLUTIONS

4.2.3.2

INCREASING USE OF RFID-ENABLED TRACEABILITY SOLUTIONS IN HEALTHCARE AND PHARMACEUTICAL SUPPLY CHAINS

4.2.3.3

ADVANCES IN LOW-COST, SENSOR-ENABLED, AND PRINTABLE RFID TAGS

4.2.3.4

TRANSITION OF EMERGING MARKETS TOWARD DIGITAL SUPPLY CHAINS

4.2.4

CHALLENGES

4.2.4.1

RF SIGNAL INTERFERENCE AND READ ACCURACY CONSTRAINTS IN METAL- AND LIQUID-INTENSIVE RFID DEPLOYMENTS

4.2.4.2

INTEROPERABILITY ISSUES IN HETEROGENEOUS RFID ECOSYSTEMS

4.2.4.3

LIMITED RFID EXPERTISE AND WORKFORCE SKILLS AMONG SMES

4.2.4.4

DIFFICULTY IN SCALING PILOT PROJECTS INTO ENTERPRISE-WIDE DEPLOYMENTS

4.3

INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES

4.3.1

INTERCONNECTED MARKETS

4.3.2

CROSS-SECTOR OPPORTUNITIES

4.4

STRATEGIC MOVES BY TIER 1/2/3 PLAYERS

INDUSTRY TRENDS

Explore evolving RFID and IoT trends shaping competitive dynamics and pricing in global markets.

5.1

INTRODUCTION

5.2

PORTER’S FIVE FORCES ANALYSIS

5.2.1

THREAT OF NEW ENTRANTS

5.2.2

THREAT OF SUBSTITUTES

5.2.3

BARGAINING POWER OF SUPPLIERS

5.2.4

BARGAINING POWER OF BUYERS

5.2.5

INTENSITY OF COMPETITIVE RIVALRY

5.3

MACROECONOMIC OUTLOOK

5.3.1

INTRODUCTION

5.3.2

GDP TRENDS AND FORECAST

5.3.3

TRENDS IN GLOBAL RFID INDUSTRY

5.3.4

TRENDS IN GLOBAL IOT INDUSTRY

5.4

VALUE CHAIN ANALYSIS

5.5

ECOSYSTEM ANALYSIS

5.6

PRICING ANALYSIS

5.6.1

AVERAGE SELLING PRICE TREND OF RFID OFFERINGS, BY KEY PLAYER, 2021–2024

5.6.1.1

AVERAGE SELLING PRICE TREND OF RFID TAGS, BY KEY PLAYER, 2021–2024

5.6.1.2

AVERAGE SELLING PRICE TREND OF RFID READERS, BY KEY PLAYER, 2021–2024

5.6.2

AVERAGE SELLING PRICE TREND OF RFID OFFERINGS, BY REGION, 2021–2024

5.6.2.1

AVERAGE SELLING PRICE TREND OF RFID TAGS, BY REGION, 2021–2024

5.6.2.2

AVERAGE SELLING PRICE TREND OF RFID READERS, BY REGION, 2021–2024

5.7

TRADE ANALYSIS

5.7.1

IMPORT SCENARIO (HS CODE 8523)

5.7.2

EXPORT SCENARIO (HS CODE 8523)

5.8

KEY CONFERENCES AND EVENTS, 2026–2027

5.9

TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES

5.10

INVESTMENT AND FUNDING SCENARIO, 2021–2025

5.11

CASE STUDY ANALYSIS

5.11.1

WALMART IMPROVES ITEM-LEVEL INVENTORY ACCURACY USING RFID TAGS OFFERED BY AVERY DENNISON

5.11.2

DECATHLON ENHANCES SUPPLY CHAIN VISIBILITY BY DEPLOYING RFID SOLUTION PROVIDED BY ZEBRA TECHNOLOGIES

5.11.3

HID GLOBAL HELPS HOSPITAL HEALTHCARE NETWORK TO OPTIMIZE STAFF PRODUCTIVITY BY DEPLOYING RFID TAGS

5.12

IMPACT OF 2025 US TARIFF – RFID MARKET

5.12.1

KEY TARIFF RATES

5.12.2

PRICE IMPACT ANALYSIS

5.12.3

IMPACT ON COUNTRIES/REGIONS

5.12.3.1

5.12.3.2

EUROPE

5.12.3.3

ASIA PACIFIC

5.12.4

IMPACT ON END USES

TECHNOLOGICAL ADVANCEMENTS, AI-DRIVEN IMPACT, PATENTS, AND INNOVATIONS

Revolutionize RFID with AI-driven automation and blockchain integration for future-ready ecosystems.

6.1

KEY EMERGING TECHNOLOGIES

6.1.1

COMPUTER VISION

6.1.2

REAL-TIME LOCATION SYSTEMS

6.1.3

RFID-ENABLED SENSORS AND ROBOTICS

6.2

COMPLEMENTARY TECHNOLOGIES

6.2.1

CLOUD-BASED RFID

6.2.2

RFID IN IOT

6.2.3

INTEGRATION OF RFID WITH BLOCKCHAIN

6.3

ADJACENT TECHNOLOGIES

6.3.1

NEAR-FIELD COMMUNICATION AND RFID HYBRID SOLUTIONS

6.3.2

FLEXIBLE RFID TAGS

6.4

TECHNOLOGY ROADMAP

6.4.1

SHORT-TERM (2025–2027): INFRASTRUCTURE MODERNIZATION & INTELLIGENT TRACKING

6.4.2

MID-TERM (2027–2030): INTELLIGENT AUTOMATION & ECOSYSTEM INTEGRATION

6.4.3

LONG-TERM (2030–2035+): AUTONOMOUS, TRUSTED, & DATA-DRIVEN RFID ECOSYSTEMS

6.5

PATENT ANALYSIS

6.6

IMPACT OF AI ON RFID MARKET

6.6.1

TOP USE CASES AND MARKET POTENTIAL

6.6.2

BEST PRACTICES FOLLOWED BY COMPANIES IN RFID MARKET

6.6.3

CASE STUDIES RELATED TO AI IMPLEMENTATION IN RFID MARKET

6.6.4

INTERCONNECTED/ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS

6.6.5

CLIENTS’ READINESS TO ADOPT AI IN RFID MARKET

REGULATORY LANDSCAPE AND SUSTAINABILITY INITIATIVES

Harness RFID to drive regulatory compliance and sustainability in global supply chains.

7.1

INTRODUCTION

7.2

REGIONAL REGULATIONS AND COMPLIANCE

7.2.1

REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

7.2.2

INDUSTRY STANDARDS

7.2.2.1

ISO/IEC RFID AIR INTERFACE STANDARDS (ISO/IEC 18000 SERIES)

7.2.2.2

EPCGLOBAL STANDARDS (GS1 EPC FRAMEWORK)

7.2.2.3

RFID SECURITY AND DATA PROTECTION STANDARDS (ISO/IEC 29167 SERIES)

7.2.2.4

REGIONAL SPECTRUM AND COMPLIANCE STANDARDS (ETSI, FCC, AND OTHERS)

7.2.2.5

RAIN RFID INTEROPERABILITY SPECIFICATIONS

7.3

SUSTAINABILITY INITIATIVES

7.3.1

USE OF RFID TO REDUCE ENVIRONMENTAL IMPACT

7.3.1.1

DEPLOYMENT OF RFID TECHNOLOGY TO REDUCE CARBON IMPACT

7.3.1.2

IMPLEMENTATION OF RFID PRODUCTS TO PROMOTE CIRCULAR ECONOMY

7.3.2

UTILIZATION OF SUSTAINABLE RFID PRODUCT DESIGNS AND MATERIALS

7.3.2.1

MATERIAL INNOVATION AND END-OF-LIFE CONSIDERATIONS

7.3.3

DEPLOYMENT OF ENERGY-EFFICIENT AND LOW-POWER RFID SYSTEMS

7.3.3.1

PASSIVE RFID AND INFRASTRUCTURE-LEVEL ENERGY OPTIMIZATION

7.3.4

ADOPTION OF RFID-ENABLED CIRCULAR ECONOMY AND REUSABLE MODELS

7.3.4.1

LIFECYCLE VISIBILITY AND ASSET CIRCULATION

7.3.5

IMPLEMENTATION OF RFID TO MEET ENVIRONMENTAL AND TRACEABILITY REGULATIONS

7.3.5.1

TRACEABILITY OF ENVIRONMENTAL AND ESG REGULATIONS

7.3.6

ACCEPTANCE OF SUSTAINABLE MANUFACTURING AND SUPPLY CHAIN TRANSPARENCY

7.3.6.1

PROCESS VISIBILITY AND RESOURCE OPTIMIZATION

7.3.7

ADOPTION OF RFID TO REDUCE PACKAGING AND DOCUMENTATION WASTE

7.3.7.1

DIGITAL IDENTIFICATION AND PAPERLESS OPERATIONS

7.4

IMPACT OF REGULATORY POLICIES ON SUSTAINABILITY INITIATIVES

7.4.1

IMPACT OF ENVIRONMENTAL REGULATIONS ON RFID PRODUCT DESIGN

7.4.2

IMPACT OF WASTE MANAGEMENT POLICIES ON RFID VENDORS AND END USERS

7.4.3

IMPACT OF TRADE REGULATIONS ACROSS DOMESTIC AND CROSS-BORDER SUPPLY CHAINS

7.4.4

IMPACT OF ESG DISCLOSURE REGULATIONS ON DATA COLLECTION AND MANAGEMENT

7.4.5

IMPACT OF VARYING REGULATIONS ACROSS REGIONS

CUSTOMER LANDSCAPE AND BUYER BEHAVIOR

Unlock strategic insights into stakeholder influence and unmet needs driving RFID adoption barriers.

106

8.1

INTRODUCTION

8.2

DECISION-MAKING PROCESS

8.3

KEY STAKEHOLDERS INVOLVED IN BUYING PROCESS AND THEIR EVALUATION CRITERIA

8.3.1

KEY STAKEHOLDERS IN BUYING PROCESS

8.3.2

BUYING CRITERIA

8.4

ADOPTION BARRIERS AND INTERNAL CHALLENGES

8.5

UNMET NEEDS OF VARIOUS END USE SEGMENTS

WAFER DIMENSIONS USED IN RFID CHIP MANUFACTURING

Discover optimal wafer sizes driving efficiency in RFID chip production.

113

9.1

INTRODUCTION

9.2

8-INCH

9.3

12-INCH

9.4

OTHERS

RFID MARKET, BY OFFERING

Market Size & Growth Rate Forecast Analysis to 2034 in USD Million and Units | 38 Data Tables

116

10.1

INTRODUCTION

10.2

Methodology

The research study involved 4 major activities in estimating the size of the RFID market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

In the RFID market report, the global market size has been estimated using both the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding the RFID market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—North America, Europe, Asia Pacific, and Rest of the World. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.

Note: “Others” includes sales, marketing, and product managers

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with data triangulation methods, have been used to estimate and validate the size of the RFID solutions and services and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
Identifying different stakeholders in the RFID market that influence the entire market, along with participants across the supply chain
Analyzing major manufacturers and service providers in the RFID market and studying their solutions
Analyzing trends related to the adoption of RFID
Tracking recent and upcoming market developments, including investments, R&D activities, product launches, expansions, collaborations, acquisitions, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
Carrying out multiple discussions with key opinion leaders to identify the adoption trends of RFID solutions and services
Segmenting the overall market into various other market segments
Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

RFID Market : Top-Down and Bottom-Up Approach

RFID Markett Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall RFID market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.

Market Definition

Radio Frequency Identification (RFID) is a technology that uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically stored information and are either active, powered by a battery, or passive, by the signal of the RFID reader. There are three main parts of an RFID system: a tag, a reader, and a software system for data processing. This technology allows for efficient collection and management of data, greatly reducing human effort and error. RFID technology is applied in many industries, such as retail, logistics & warehousing, healthcare, aerospace & defense, and automotive. In retail, it is used in managing the inventory, preventing theft, and optimizing the supply chain. It enhances tracking and tracing in the logistics sector. In the healthcare sector, it is applied in patient tracking, equipment management, and drug authentication. The growth in the RFID market is heavily dependent on factors like automation, real-time data visibility, and upgrading the tracking system. The key benefits associated with it include tiny size for RFID tags, maximum range of reading, IoT-based, and cloud integration. In the near future, further research and development about the technology are expected to explore new applications and strengthen RFID technology in modern industrial as well as commercial practices.

Key Stakeholders

Raw Material Supplier
RFID Chip Manufacturers
Tag, Readers, and Label Manufacturers
System Integrators
Software Developers
Platform Providers
Distributors and Resellers
Consultants and Service Providers
Regulatory Bodies
Research and Development Institutes
End Users

Report Objectives

To define, describe, and forecast the size of the RFID market, by offering, tag type, form factor, frequency, material, wafer size, application, vertical, and region, in terms of value
To forecast the market for tag type, in terms of volume
To forecast the size of various segments with respect to four regions, namely, North America, Asia Pacific, Europe, and Rest of the World (Middle East & Africa and South America)
To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the RFID market
To study the value chain and related industry segments of the market
To strategically analyze the micromarkets concerning individual growth trends, prospects, and contributions to the overall market
To assess the trends and disruptions impacting customers’ businesses’ pricing trends, patents and innovations, trade data, regulatory landscape, Porter’s five forces, case studies, key stakeholders and buying criteria, technology trends, market ecosystem, key conferences and events, and impact of AI/Gen AI related to the RFID market
To analyze opportunities for various stakeholders by identifying the high-growth segments of the market
To strategically profile the key players and comprehensively analyze their market position in terms of revenue, market share, and core competencies, along with detailing the competitive landscape for the market leaders
To analyze competitive developments such as product launches, acquisitions, partnerships, collaborations, and expansions carried out by players in the RFID market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World

Company Information:

o Detailed analysis and profiling of additional market players (up to five)

RFID Market by Tag, Reader, Software & Service, Card, Label, Sensor-based, Inventory & Asset Management, Security & Access Control, Contactless Payment, Retail, Animal Tracking, and Industrial & Manufacturing - Global Forecast to 2034

OVERVIEW

KEY TAKEAWAYS

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

MARKET DYNAMICS

Driver: Supply chain digitalization and rising demand for real-time visibility

Restraint: High total cost of ownership for large-scale RFID deployments

Opportunity: RFID-enabled traceability in healthcare and pharmaceuticals

Challenge: RF signal interference and read accuracy issues in metal- and liquid-intensive environments

RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS: COMMERCIAL USE CASES ACROSS INDUSTRIES

MARKET ECOSYSTEM

MARKET SEGMENTS

RFID Market, by Offering

RFID Market, by Application

RFID Market, by Frequency Range

RFID Market, by Form Factor

RFID Market, by Material

RFID Market, by End Use

REGION

Asia Pacific to register highest growth in the global RFID market during forecast period

RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS: COMPANY EVALUATION MATRIX

KEY MARKET PLAYERS

MARKET SCOPE

WHAT IS IN IT FOR YOU: RFID MARKET SIZE, SHARE, TRENDS AND GROWTH ANALYSIS REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS

RECENT DEVELOPMENTS

Table of Contents

Methodology

Secondary Research

Primary Research

Market Size Estimation

RFID Market : Top-Down and Bottom-Up Approach

Data Triangulation

Market Definition

Key Stakeholders

Report Objectives

Available Customizations

Country-wise Information:

Company Information:

TABLE OF CONTENTS

METHODOLOGY

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