RFID Market

RFID Market Size, Share, Statistics and Industry Growth Analysis Report by Offering (Tags, Readers, Software & Services), Tag Type (Active, Passive), Wafer Size, Frequency (Low Frequency, High Frequency, Ultra-high Frequency), Form Factor, Material, Application and Region - Global Forecast to 2032

Report Code: SE 1663 Oct, 2023, by marketsandmarkets.com

[340 Pages Report] The RFID market is projected to reach USD 40.9 billion by 2032 from USD 15.8 billion in 2023; it is expected to grow at a CAGR of 11.1% from 2023 to 2032. The RFID market is being propelled by several key factors, including a growing demand for RFID technology in manufacturing facilities to enhance productivity, the availability of affordable RFID solutions with promising returns on investment, a rising necessity to enhance inventory management, and the increasing number of government initiatives and regulations aimed at bolstering safety and security.

RFID Market

RFID Market

RFID Market Forecast to 2028

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Market Dynamics
:

Driver: Surge in demand for RFID in Electronic Toll Collection

RFID technology serves the purpose of precise vehicle identification and the subsequent deduction of toll fees. The RFID system's architecture is meticulously crafted to facilitate the automatic identification of vehicles and the seamless toll deduction process, eliminating the necessity for manual involvement. RFID technology has revolutionized the world of electronic toll collection (ETC), making the process of paying tolls on highways, bridges, and tunnels faster, more efficient, and convenient for both commuters and toll operators. In ETC systems, vehicles are equipped with RFID tags, also known as transponders, which contain unique identification information linked to the vehicle owner's account. As vehicles approach a toll booth, gantry, or designated entry/exit lane, RFID readers emit radio-frequency signals that activate the RFID tags. This activation prompts the tag to transmit its unique identifier and other relevant data to the reader, capturing details like the vehicle's tag ID, date, time, and location. The collected information is then sent to a central toll management system, which verifies the tag's data against a database of registered vehicles and their corresponding accounts. This seamless and automated process eliminates the need for physical toll booths and manual toll collection, reducing traffic congestion, enhancing safety, and improving the overall travel experience for motorists. RFID in ETC has become a cornerstone of modern transportation infrastructure, offering efficiency gains and improved traffic flow while simplifying toll payment for millions of drivers worldwide. RFID technology forms the core of FASTag, a flagship initiative by the Ministry of Road Transport and Highways (MoRTH) to implement electronic toll collection on India's national highways. This initiative is geared towards facilitating cashless transactions at toll plazas, resulting in the seamless flow of traffic and, consequently, the reduction of congestion and the streamlining of the entire toll collection process. RFID technology employs an Electronic Produce Code (EPC) to uniquely identify each vehicle. This code is distinct from the vehicle's registration number and is globally exclusive to that particular vehicle. Issued by GS1 India, a standards organization, each EPC code within RFID-FASTag comprises 13 digits, ensuring its uniqueness and alignment with global standards to enable accurate product identification, which, in this case, pertains to vehicles. Standardizing the code is essential to ensure that the encoded data is interpreted consistently at various levels of the system.

Restraint: Regulatory and legal challenges

The widespread adoption of RFID technology faces significant regulatory and legal challenges that can vary across different industries and regions. These challenges arise due to concerns related to privacy, security, and data protection. Complying with the diverse set of regulations can be a complex and time-consuming process, potentially impeding the growth of the RFID market. In sectors like healthcare and finance, where RFID is used for patient identification, asset tracking, and secure access control, stringent regulations exist to safeguard sensitive data. For instance, in healthcare, the Health Insurance Portability and Accountability Act (HIPAA) in the United States imposes strict rules on the handling and protection of patient data. Similarly, financial institutions must adhere to regulations like the Payment Card Industry Data Security Standard (PCI DSS) to ensure the security of financial transactions involving RFID technology. Moreover, concerns related to consumer privacy have led to the enactment of privacy laws in many regions. These laws dictate how RFID data, particularly in retail applications, is collected, stored, and used. Non-compliance with these regulations can result in legal challenges, fines, and damage to a company's reputation. Furthermore, issues of liability and responsibility can arise if RFID technology fails to perform as expected. For instance, in the logistics and supply chain industry, inaccurate data capture by RFID systems can lead to disruptions and losses, potentially triggering legal disputes. To address these regulatory and legal challenges, businesses and RFID solution providers must invest in legal counsel and compliance experts who can navigate the intricate web of regulations. Additionally, they should implement robust data protection measures, ensure transparency in data handling practices, and continuously monitor for compliance changes. Overcoming these challenges is crucial for the sustained growth and success of RFID technology in various industries.

Opportunity: Reduction in tag costs

The reduction in tag costs has emerged as a pivotal factor driving the expansion of RFID market. Over the years, there has been a notable and sustained decrease in the price of RFID tags, making this technology increasingly accessible to a broader spectrum of industries and applications. This cost reduction is primarily attributed to advancements in manufacturing processes, materials, and economies of scale as RFID adoption has grown. As the price of RFID tags continues to decline, more businesses find it economically viable to integrate RFID into their operations. This affordability has particularly significant implications for industries like retail, logistics, and asset management, where large quantities of RFID tags are required. Retailers, for instance, can now deploy RFID for inventory tracking and anti-theft measures without incurring prohibitive expenses. Moreover, the decreasing tag costs also make it feasible for smaller businesses and emerging markets to adopt RFID technology, democratizing its benefits. In addition to lowering the initial investment for RFID implementation, reduced tag costs enable organizations to scale up their RFID projects more easily. They can expand RFID usage to cover additional product lines, assets, or even new locations without facing cost-related barriers. Ultimately, the ongoing reduction in RFID tag costs is fostering innovation and driving the market's growth by broadening its applicability and facilitating wider adoption across diverse industries. This trend is expected to continue to shape the RFID landscape positively in the foreseeable future.

Challenge: Technical limitations with RFID integrated systems

RFID technology, despite its numerous advantages, does come with certain technical limitations that can impact its effectiveness in various applications. Two key technical limitations include read range and susceptibility to interference. Firstly, read range refers to the maximum distance at which RFID tags can be reliably read by RFID readers. This range varies depending on the type of RFID technology used (e.g., passive, active, or semi-passive) and the specific frequency band employed. Passive RFID tags, which are widely used due to their cost-effectiveness, typically have shorter read ranges, often ranging from a few centimeters to several meters. In contrast, active RFID tags, equipped with their own power source, can achieve longer read ranges, sometimes exceeding 100 meters. However, these differences in read range mean that businesses must carefully select the appropriate RFID technology for their specific application. Short read ranges may be suitable for retail inventory management, while longer ranges may be necessary for tracking vehicles in a parking lot. Secondly, RFID tags are susceptible to interference from certain materials and environmental factors. Metals and liquids, for instance, can absorb or reflect RFID signals, leading to reduced read accuracy and range. In supply chain and logistics applications, where RFID is often used to track items packed in metal containers or liquids, this susceptibility can pose challenges. Additionally, interference from other electronic devices operating in the same frequency band can disrupt RFID communication, causing tag misreads or data corruption. This issue is particularly relevant in environments with a high density of electronic equipment. To mitigate these technical limitations, businesses and RFID system designers must carefully consider the specific requirements of their application. This involves selecting the appropriate RFID technology, optimizing tag placement, and accounting for potential sources of interference. Advanced antenna design, signal processing techniques, and frequency band selection can also help address these challenges. While RFID technology offers numerous benefits, a thorough understanding of its technical limitations is essential for its successful implementation in diverse industries.

RFID Market Ecosystem

The prominent market players in the RFID market include 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).

RFID Market by Ecosystem

In offering segment, the RFID Tags sub-segment is expected to hold the largest market share during the forecast period

In 2022, the tags segment dominated the RFID market in terms of value, securing the largest market share. Tags serve as fundamental components within RFID solutions and find widespread application across various domains, contributing to their substantial market presence last year. The number of tags deployed significantly outweighs the number of readers and software components utilized in a comprehensive RFID system within an organization. Furthermore, as the quantity of assets escalates, the number of tags deployed naturally increases, and it's worth noting that existing readers can accommodate new tags, which significantly contributes to the larger market size of tags. RFID tags play a pivotal role in asset and personnel identification. Each tag possesses its unique identity or ID number and is instrumental in tracking individuals, equipment, and various enterprise assets. These RFID tags are comprised of distinct elements, including electronic circuitry with semiconductor chips and additional electronic components like resistors and capacitors. The remaining two elements, the integrated antenna and battery, are subject to variation based on the specific communication technology and requirements for interaction between the tag and the reader. An array of tag types is available, including ring tags, labels, cards, tickets, wristbands, key fobs, tie wraps, embedded tags, and mountable tags. These versatile tags can be employed for autonomous monitoring as well as real-time location tracking.

In Tag type segment, Passive tags is expected to grow at higher CAGR and hold the largest market share during the forecast period

During the forecast period, passive tags are anticipated to capture a larger market share and exhibit a higher CAGR. This segment's significant market presence is primarily attributed to the cost-effectiveness of passive tags when compared to their active counterparts. The most commonly employed RFID tags encompass labels and cards, serving various purposes, including identification, access control, asset labeling, and payment applications. Passive RFID tags operate without the need for an external power source, such as a battery, instead relying on electromagnetic waves transmitted by RFID readers to power them. RFID readers emit a low-power radio signal via their antennas, which activates the tag upon reception. The tag subsequently verifies and exchanges data with the reader. Unlike active tags, passive tags have a shorter transmission range, typically covering distances of 10 feet or less. These tags offer the advantage of being cost-effective, compact, and simpler to manufacture in comparison to active tags. Passive RFID tags find extensive utility across diverse applications and are commonly employed for tracking goods within industries like pharmaceuticals, retail, supply chain, and enterprise, among others. Passive tags are further categorized based on their frequency range into low-frequency (LF), high-frequency (HF), and ultra-high-frequency (UHF) tags.

Retail application to hold a significant market share in 2022.

The retail sector offers a vast and dynamic scope for growth within the RFID market. RFID technology has already made significant inroads in the retail industry, and its future potential remains immense. The adoption of RFID in retail is primarily driven by its ability to enhance inventory management and streamline supply chain operations. RFID tags and systems allow retailers to track merchandise in real-time, reducing stockouts, minimizing losses from theft or misplacement, and optimizing restocking processes. With the rise of omnichannel retail and the growing importance of e-commerce, RFID plays a pivotal role in enabling retailers to seamlessly integrate their physical and online sales channels. Furthermore, RFID can enhance the overall shopping experience by enabling technologies like smart shelves, which provide customers with product information and help retailers gather valuable data on shopping patterns. As the retail industry continues to evolve and adapt to changing consumer preferences and Market Dynamics

, RFID technology is expected to play an increasingly vital role in ensuring efficiency, accuracy, and customer satisfaction, making it a key driver of growth in the RFID market for the retail sector.

Asia Pacific to witness highest CAGR during the forecast period (2023-2032)

The Asia Pacific region holds significant opportunities for the RFID market, with the highest expected growth rate in the forecast period. Increasing trade connections among Asia Pacific countries drive companies to adopt RFID solutions for enhanced supply chain visibility. RFID is ideal for real-time asset and personnel tracking across various industries in Asia Pacific, including manufacturing, sports & entertainment, logistics, supply chain, and retail.

Notably, advancements in healthcare, retail, and manufacturing, combined with the adoption of new technologies, are contributing to RFID's growing interest in countries like Japan, South Korea, China, India, Australia & New Zealand (ANZ), and ASEAN. The affordability and long-term benefits of RFID technology make it an appealing choice.

In 2022, China led the RFID tag market in Asia Pacific, with its burgeoning manufacturing sector driving the demand for RFID solutions to optimize operations, reduce costs, and monitor equipment, materials, safety, assembly lines, and distribution within manufacturing facilities.

RFID Market by Region

RFID Market Statistics by Region

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Key Market Players

Zebra Technologies Corp. (US), Impinj, Inc. (US), Avery Dennison Corporation (US), NXP Semiconductors (Netherlands), Honeywell International Inc. (US)   are some of the key players in the global RFID market. These players increasingly undertake product launches and development strategies, expansions, partnerships, contracts, and acquisitions to increase their market share.

Report Scope

The report covers the demand- and supply-side segmentation of the RFID market. The supply-side market segmentation includes the offering, wafer size, tag type, form factor, frequency, and material, whereas the demand-side market segmentation includes application, and region.

Report Metric

Details

Estimated Value

USD 15.8 billion

Expected Value 

USD 40.9 billion

Growth Rate

CAGR of 11.1%

Market Size Available for Years

2019–2032

Base Year Considered

2022

Forecast Period

2023–2032

Forecast Units

Value (USD Million/Billion)

Segments Covered

Offering, Wafer Size, Tag Type, Frequency, Form Factor, Material, Application, Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East, Africa, and South America

Key Companies Covered

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. (SAG) (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US).

RFID Market Highlights

Segment

Subsegment

By Offering:

  • Tags
  • Readers
  • Software & Services

By Wafer Size:

  • 8 Inch
  • 12 Inch
  • Other Wafer Sizes

By Tag Type:

  • Passive
  • Active

By Frequency:

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

By Form Factor:

  • Card
  • Implant
  • Key Fob
  • Label
  • Paper Ticket
  • Band
  • Other Form Factors

By Material:

  • Plastic
  • Paper
  • Glass
  • Other Materials

By Application:

  • Agriculture
  • Commercial
  • Transportation
  • Healthcare
  • Logistics & Supply Chain
  • Apparel
  • Food
  • Automotive
  • Aerospace
  • Defense
  • Retail
  • Security & Access Control
  • Sports
  • Animal Tracking
  • Ticketing

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments

  • In July 2023, Impinj, Inc., a prominent provider of RAIN RFID technology and a pioneer in IoT, has introduced the Impinj M800 series of RAIN RFID tag chips to address the connectivity requirements of enterprises in worldwide IoT initiatives. This latest M800 series sets new standards for readability in enterprise-scale deployments, along with tag durability and manufacturing efficiency improvements. These new chips underscore Impinj's unwavering dedication to enhancing the speed, range, and reliability with which a RAIN RFID system can identify, interact with, and safeguard interconnected items.
  • In June 2023, In June 2023, Zebra Technologies introduced the TC22/TC27 mobile computer, catering to enterprises seeking enhanced manageability and productivity. The TC22/TC27 mobile computer is particularly well-suited for small and medium-sized businesses (SMBs) across industries such as retail, sports and entertainment, transport and logistics, utilities, and field services. This device comes equipped with a comprehensive suite of Zebra Mobility DNA tools for device management and security, with the option to upgrade to Mobility DNA Enterprise and support for upgrades up to Android 16.
  • In June 2023, In June 2023, AVERY DENNISION CORPORATION has introduced a new product to its growing lineup of dual-frequency (DF) RFID inlays. This innovative inlay offers a cost-effective solution for item-level tagging with combined NFC (HF) and RAIN RFID (UHF) functionality in a more compact form. Notably, it combines outstanding performance with a distinctive dual-frequency feature, operating in both HF and UHF RFID frequency ranges. This dual-functionality provides substantial cost benefits compared to using two separate single-frequency inlays.
  • In February 2023, HID, a global leader in trusted identity solutions, has completed the acquisition of GuardRFID, a prominent provider of hardware and software solutions for real-time location services (RTLS) in the healthcare sector. This strategic move enhances HID's presence and capabilities in the active RFID and RTLS domain, specifically enabling the support of novel use cases tailored to meet the unique requirements of healthcare facilities.
  • In December 2022, HID Global Corporation, a global pioneer in trusted identity solutions, has finalized its acquisition of Janam Technologies, a prominent provider of handheld mobile computers and readers. This acquisition significantly bolsters HID's footprint and significance as a provider of solutions for smart credential issuance and reader technology.
  • In November 2022, CAEN RFID S.r.L. announced the launch of the Lepton9 series of RAIN RFID reader modules, built upon the cutting-edge Impinj E910 chip for superior performance. The Lepton9 series comprises three variants: the Lepton9 SMD module, designed for seamless integration into automated manufacturing processes; the Lepton9x1, featuring MOLEX data and power connectors along with a single MMCX antenna connector; and the Lepton9x4, which includes MOLEX data and power connectors and boasts four MMCX antenna connectors. This latest addition to the CAEN RFID lineup of modules, all based on the Impinj Ex10 platform, complements the existing Lepton3 and Lepton7 series.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 37)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 INCLUSIONS AND EXCLUSIONS, BY OFFERING
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 RFID MARKET: SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
    1.9 RECESSION IMPACT 
 
2 RESEARCH METHODOLOGY (Page No. - 43)
    2.1 RESEARCH DATA 
           FIGURE 2 RFID MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 List of key secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 List of key interview participants
                    2.1.2.3 Breakdown of primaries
                    2.1.2.4 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 RFID MARKET: MARKET SIZE ESTIMATION PROCESS FLOW
           2.2.1 TOP-DOWN APPROACH
                    2.2.1.1 Approach to estimate market size by top-down analysis
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY KEY PLAYERS IN RFID MARKET
           2.2.2 BOTTOM-UP APPROACH
                    2.2.2.1 Approach to estimate market size by bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN RFID MARKET
                               FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF RFID MARKET, BY REGION
    2.3 MARKET SHARE ESTIMATION 
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 9 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 
           2.5.1 RESEARCH ASSUMPTIONS
           2.5.2 RESEARCH LIMITATIONS
    2.6 RISK ASSESSMENT 
           TABLE 1 RISK FACTOR ANALYSIS
           2.6.1 PARAMETERS CONSIDERED TO UNDERSTAND IMPACT OF RECESSION ON RFID MARKET
 
3 EXECUTIVE SUMMARY (Page No. - 58)
    FIGURE 10 TAGS SEGMENT TO HOLD LARGEST SHARE OF RFID MARKET IN 2032
    FIGURE 11 PASSIVE TAGS SEGMENT TO DOMINATE RFID TAGS MARKET IN 2032
    FIGURE 12 LABEL FORM FACTOR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID TAGS MARKET IN 2023
    FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 MAJOR OPPORTUNITIES FOR PLAYERS IN RFID MARKET 
           FIGURE 14 ASIA PACIFIC TO EMERGE AS LUCRATIVE GROWTH AVENUE FOR RFID MARKET
    4.2 RFID TAGS MARKET, BY FREQUENCY 
           FIGURE 15 ULTRA-HIGH FREQUENCY SEGMENT TO LEAD RFID TAGS MARKET IN 2032
    4.3 RFID TAGS MARKET, BY MATERIAL 
           FIGURE 16 PAPER SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID TAGS MARKET IN 2032
    4.4 RFID TAGS MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 
           FIGURE 17 LOGISTICS AND SUPPLY CHAIN SEGMENT AND CHINA TO HOLD LARGEST SHARES OF RFID TAGS MARKET IN ASIA PACIFIC IN 2032
    4.5 RFID TAGS MARKET, BY COUNTRY 
           FIGURE 18 JAPAN TO WITNESS HIGHEST CAGR IN RFID TAGS MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION 
    5.2 HISTORY AND EVOLUTION 
    5.3 MARKET DYNAMICS 
           FIGURE 19 RFID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Increasing need for RFID systems in manufacturing units to improve productivity
                    5.3.1.2 Availability of cost-efficient RFID solutions and high returns on investments
                    5.3.1.3 Rising need to improve inventory management
                               TABLE 2 TYPICAL LOSSES IN DATA CENTERS DURING MANUAL ASSET MANAGEMENT FOR APPROXIMATELY 40 THOUSAND SQ. FT. AREA
                    5.3.1.4 Increasing government initiatives and regulations for safety and security
                    5.3.1.5 Growing use of RFID solutions in healthcare organizations
                    5.3.1.6 Increasing adoption of RFID in retail sector
                    5.3.1.7 Surging deployment of RFID in electronic toll collection
                    5.3.1.8 Rising implementation of RFID solutions in banking sector
                               FIGURE 20 RFID MARKET DRIVERS: IMPACT ANALYSIS
           5.3.2 RESTRAINTS
                    5.3.2.1 High initial cost associated with installation of RFID systems
                    5.3.2.2 Data security and privacy concerns
                    5.3.2.3 Regulatory and legal issues pertaining to RFID technology
                               FIGURE 21 RFID MARKET RESTRAINTS: IMPACT ANALYSIS
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Surging demand for hybrid RFID solutions
                    5.3.3.2 Rising adoption of RFID tags in IoT and smart manufacturing
                    5.3.3.3 Developing regions creating opportunities for RFID market players
                    5.3.3.4 Reducing cost of RFID tags
                               FIGURE 22 RFID MARKET OPPORTUNITIES: IMPACT ANALYSIS
           5.3.4 CHALLENGES
                    5.3.4.1 Lack of proper backup infrastructure for large volumes of data
                    5.3.4.2 Technical limitations with RFID-integrated systems
                    5.3.4.3 Complexities related to RFID systems
                               FIGURE 23 RFID MARKET CHALLENGES: IMPACT ANALYSIS
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 24 RFID MARKET: VALUE CHAIN ANALYSIS
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
    5.6 ECOSYSTEM MAPPING 
           TABLE 3 ROLE OF PARTICIPANTS IN RFID ECOSYSTEM
           FIGURE 26 ECOSYSTEM ANALYSIS
    5.7 PRICING ANALYSIS 
           5.7.1 COST ANALYSIS
                    5.7.1.1 Major factors affecting manufacturing cost
                    5.7.1.2 Manufacturing cost structure analysis
           5.7.2 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS, BY APPLICATION
                    FIGURE 27 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS FOR THREE APPLICATIONS
                    TABLE 4 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS FOR THREE APPLICATIONS (USD)
           5.7.3 AVERAGE SELLING PRICE TREND
                    FIGURE 28 ESTIMATED AVERAGE SELLING PRICE TRENDS FOR RFID TAGS AND READERS, 2019–2032
    5.8 TECHNOLOGY ANALYSIS 
           5.8.1 RFID TECHNOLOGY COMPARISON
                    TABLE 5 COMPARISON OF RFID TAGS BASED ON ACTIVE AND PASSIVE FREQUENCIES
           5.8.2 RFID IN REAL-TIME LOCATION SYSTEMS (RTLS)
           5.8.3 RFID-ENABLED SENSORS
           5.8.4 CLOUD-BASED RFID
           5.8.5 RFID IN INTERNET OF THINGS (IOT)
           5.8.6 INTEGRATION OF RFID WITH BLOCKCHAIN
           5.8.7 NEAR-FIELD COMMUNICATION AND RFID HYBRID SOLUTIONS
           5.8.8 BATTERY-ASSISTED PASSIVE RFID TECHNOLOGY
           5.8.9 MINIATURIZED AND FLEXIBLE RFID TAGS
    5.9 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 6 RFID MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 29 RFID MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.9.1 THREAT OF NEW ENTRANTS
           5.9.2 THREAT OF SUBSTITUTES
           5.9.3 BARGAINING POWER OF SUPPLIERS
           5.9.4 BARGAINING POWER OF BUYERS
           5.9.5 INTENSITY OF COMPETITIVE RIVALRY
    5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
                    TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%)
           5.10.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
                    TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    5.11 CASE STUDY ANALYSIS 
           5.11.1 RFID IN HEALTHCARE
                    TABLE 9 IMPINJ, INC. FOCUSES ON USE OF RAIN RFID IN HEALTHCARE
           5.11.2 RFID IN TRANSPORTATION
                    TABLE 10 FORZA CASH LOGISTICS USES ZEBRA HANDHELD MOBILE COMPUTERS TO PROVIDE REAL-TIME UPDATES AND REDUCE ERRORS WHILE TRANSPORTING VALUABLES
           5.11.3 RFID IN LOGISTICS
                    TABLE 11 INVENGO EMPOWERED APPAREL BRAND ACHIEVED SMART LOGISTICS AND WAREHOUSING WITH RFID
           5.11.4 RFID IN AGRICULTURE
                    TABLE 12 COÖPERATIE HOOGSTRATEN ALLOWS TRACKING STRAWBERRIES FROM FARM TO TABLE WITH RAIN RFID
           5.11.5 RFID IN FOOD
                    TABLE 13 CAESARS ENTERTAINMENT GAINS REAL-TIME VISIBILITY INTO FOOD SAFETY WITH RFID SOLUTION FROM ZEBRA TECHNOLOGIES
           5.11.6 RFID IN FOOD & WAREHOUSING
                    TABLE 14 LUIK NATIE KEEPS FROZEN FOODS ICE-COLD WITH RAIN RFID
           5.11.7 RFID IN LAUNDRY
                    TABLE 15 ELIS IMPROVED WORKFLOWS BY AUTOMATING LAUNDRY TRACKING AND SORTING
           5.11.8 RFID IN PUBLIC LIBRARY
                    TABLE 16 SMART RFID EXPERIENCE OF CHONGQING CITY PUBLIC LIBRARY
           5.11.9 RFID IN AUTOMOTIVE
                    TABLE 17 SHOCKWATCH RFID HELPS AUTOMOTIVE MANUFACTURER TRACK INDIVIDUAL PRODUCT DAMAGE
           5.11.10 RFID IN AIRPORT
                    TABLE 18 BRUSSELS AIRPORT ALLOWS FLYERS TO TRACK LUGGAGE WITH IMPINJ RFID
           5.11.11 RFID IN PUBLIC AREAS
                    TABLE 19 LEADING AUSTRALIAN SKI RESORT IMPROVES GUEST EXPERIENCE USING RFID FROM ZEBRA TECHNOLOGIES
    5.12 TRADE ANALYSIS 
           FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8523, 2018–2022
           TABLE 20 EXPORT SCENARIO FOR HS CODE 8523-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
           FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8523, 2018–2022
           TABLE 21 IMPORT SCENARIO FOR HS CODE 8523-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)
    5.13 PATENT ANALYSIS 
           5.13.1 TOP PATENT OWNERS
                    FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           5.13.2 PATENT TREND
                    FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
                    TABLE 22 NUMBER OF PATENTS REGISTERED RELATED TO RFID MARKET IN LAST 10 YEARS
                    TABLE 23 LIST OF KEY PATENTS IN RFID MARKET, 2020–2023
    5.14 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 24 LIST OF KEY CONFERENCES AND EVENTS IN RFID MARKET
    5.15 REGULATORY LANDSCAPE 
           TABLE 25 RFID MARKET: REGULATORY LANDSCAPE
           5.15.1 REGION-WISE REGULATORY ANALYSIS
           5.15.2 NORTH AMERICA
                    TABLE 26 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.15.2.1 US
                    5.15.2.2 Canada
           5.15.3 EUROPE
                    TABLE 27 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.4 ASIA PACIFIC
                    TABLE 28 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.15.4.1 Indonesia
                    5.15.4.2 India
           5.15.5 ROW
                    TABLE 29 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
6 RFID MARKET, BY OFFERING (Page No. - 116)
    6.1 INTRODUCTION 
           FIGURE 36 RFID MARKET, BY OFFERING
           TABLE 30 RFID MARKET, BY OFFERING, 2019–2022 (USD MILLION)
           FIGURE 37 TAGS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID MARKET IN 2032
           TABLE 31 RFID MARKET, BY OFFERING, 2023–2032 (USD MILLION)
    6.2 TAGS 
           6.2.1 RISING USE OF TAGS TO IDENTIFY, TRACK, AND LOCATE ASSETS IN REAL TIME LOCATION TO FUEL MARKET GROWTH
    6.3 READERS 
           6.3.1 GROWING ADOPTION OF RFID READERS IN LOGISTICS AND SUPPLY CHAIN APPLICATIONS TO FOSTER MARKET GROWTH
           6.3.2 FIXED READERS
           6.3.3 HANDHELD READERS
    6.4 SOFTWARE AND SERVICES 
           6.4.1 INCREASING ADOPTION OF CLOUD-BASED DATA STORAGE SOLUTIONS TO DRIVE MARKET
 
7 RFID MARKET, BY TAG (Page No. - 123)
    7.1 INTRODUCTION 
    7.2 WAFER SIZE 
           TABLE 32 RFID TAGS MARKET, BY WAFER SIZE, 2019–2022 (USD MILLION)
           FIGURE 38 8 INCHES SEGMENT TO DOMINATE RFID TAGS MARKET IN 2032
           TABLE 33 RFID TAGS MARKET, BY WAFER SIZE, 2023–2032 (USD MILLION)
    7.3 TAG TYPE 
           TABLE 34 RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
           FIGURE 39 PASSIVE RFID TAGS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 35 RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
           TABLE 36 RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (BILLION UNITS)
           TABLE 37 RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (BILLION UNITS)
           7.3.1 PASSIVE TAGS
                    7.3.1.1 Deployment to transmit information over short distances without requiring external power source to contribute to demand
                               TABLE 38 PASSIVE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 39 PASSIVE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.3.2 ACTIVE TAGS
                    7.3.2.1 Longer read range and ability to monitor assets in real time to drive market
                               TABLE 40 ACTIVE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 41 ACTIVE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
    7.4 FREQUENCY 
           TABLE 42 RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
           FIGURE 40 ULTRA-HIGH FREQUENCY SEGMENT TO DOMINATE RFID TAGS MARKET DURING FORECAST PERIOD
           TABLE 43 RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
           7.4.1 LOW
                    7.4.1.1 Animal tagging and access control applications to boost demand for low-frequency tags
                               TABLE 44 LOW: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 45 LOW: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.4.2 HIGH
                    7.4.2.1 Short read range applications to boost demand for high-frequency RFID tags
                               TABLE 46 HIGH: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 47 HIGH: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.4.3 ULTRA-HIGH
                    7.4.3.1 Implementation of UHF tags in long read range and fast data transfer applications to drive market
                               TABLE 48 ULTRA-HIGH: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 49 ULTRA-HIGH: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
    7.5 FORM FACTOR 
           TABLE 50 RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
           FIGURE 41 LABEL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 51 RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
           7.5.1 CARD
                    7.5.1.1 Wide adoption for access control applications in enterprises to foster market growth
                               TABLE 52 CARD: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 53 CARD: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.2 IMPLANT
                    7.5.2.1 Growing use of RFID implants to track livestock to contribute to market growth
                               TABLE 54 IMPLANT: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 55 IMPLANT: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.3 KEY FOB
                    7.5.3.1 Rising adoption of RFID key fobs to ensure quick and accurate inventory management to support market growth
                               TABLE 56 KEY FOB: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 57 KEY FOB: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.4 LABEL
                    7.5.4.1 Increasing use of RFID labels by manufacturers and retailers to improve supply chain visibility to drive market
                               TABLE 58 LABEL: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 59 LABEL: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.5 PAPER TICKET
                    7.5.5.1 Surging employment of RFID paper tickets for effective queue management and enhanced safety at large gatherings to fuel market growth
                               TABLE 60 PAPER TICKET: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 61 PAPER TICKET: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.6 BAND
                    7.5.6.1 Growing deployment of RFID bands in staff monitoring, patient monitoring, or access control applications to drive segmental growth
                               TABLE 62 BAND: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 63 BAND: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.5.7 OTHER FORM FACTORS
                    TABLE 64 OTHER FORM FACTORS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 65 OTHER FORM FACTORS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
    7.6 MATERIAL 
           TABLE 66 RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
           FIGURE 42 PAPER SEGMENT TO REGISTER HIGHEST CAGR IN RFID TAGS MARKET DURING FORECAST PERIOD
           TABLE 67 RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
           7.6.1 PLASTIC
                    7.6.1.1 Access control, identification, and animal tracking applications to drive market
                               TABLE 68 PLASTIC: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 69 PLASTIC: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.6.2 PAPER
                    7.6.2.1 Versatile applications in RFID labels, tickets, and bands to fuel segmental growth
                               TABLE 70 PAPER: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 71 PAPER: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.6.3 GLASS
                    7.6.3.1 Rising adoption of RFID technology in animal welfare and management to support segmental growth
                               TABLE 72 GLASS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                               TABLE 73 GLASS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           7.6.4 OTHER MATERIALS
                    TABLE 74 OTHER MATERIALS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                    TABLE 75 OTHER MATERIALS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
 
8 RFID MARKET, BY APPLICATION (Page No. - 155)
    8.1 INTRODUCTION 
           TABLE 76 RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           FIGURE 43 LOGISTICS AND SUPPLY CHAIN SEGMENT TO HOLD LARGEST SHARE OF RFID TAGS MARKET IN 2032
           TABLE 77 RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           TABLE 78 RFID MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 79 RFID MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           8.1.1 AGRICULTURE
                    8.1.1.1 Growing use of RFID tags for cold chain monitoring to drive segment
                               TABLE 80 AGRICULTURE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 81 AGRICULTURE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 82 AGRICULTURE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 83 AGRICULTURE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 84 AGRICULTURE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 85 AGRICULTURE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 86 AGRICULTURE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 87 AGRICULTURE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 88 AGRICULTURE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 89 AGRICULTURE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.2 COMMERCIAL
                    8.1.2.1 Surging adoption of RFID in asset tracking and inventory management applications to accelerate segmental growth
                               TABLE 90 COMMERCIAL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 91 COMMERCIAL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 92 COMMERCIAL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 93 COMMERCIAL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 94 COMMERCIAL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 95 COMMERCIAL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 96 COMMERCIAL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 97 COMMERCIAL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 98 COMMERCIAL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 99 COMMERCIAL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.3 TRANSPORTATION
                    8.1.3.1 Increasing deployment of RFID technology in road tolling and parking management systems to fuel market growth
                               TABLE 100 TRANSPORTATION: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 101 TRANSPORTATION: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 102 TRANSPORTATION: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 103 TRANSPORTATION: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 104 TRANSPORTATION: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 105 TRANSPORTATION: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 106 TRANSPORTATION: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 107 TRANSPORTATION: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 108 TRANSPORTATION: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 109 TRANSPORTATION: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.4 HEALTHCARE
                    8.1.4.1 Growing adoption of RFID to ensure efficient, secure, and patient-centered care to support segmental growth
                               TABLE 110 HEALTHCARE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 111 HEALTHCARE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 112 HEALTHCARE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 113 HEALTHCARE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 114 HEALTHCARE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 115 HEALTHCARE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 116 HEALTHCARE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 117 HEALTHCARE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 118 HEALTHCARE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 119 HEALTHCARE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.5 APPAREL
                    8.1.5.1 Major applications such as product tracking, quality control, and inventory check to boost demand for RFID tags
                               TABLE 120 APPAREL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 121 APPAREL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 122 APPAREL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 123 APPAREL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 124 APPAREL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 125 APPAREL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 126 APPAREL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 127 APPAREL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 128 APPAREL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 129 APPAREL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.6 FOOD
                    8.1.6.1 Increasing focus on food safety to drive adoption of RFID tags
                               TABLE 130 FOOD: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 131 FOOD: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 132 FOOD: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 133 FOOD: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 134 FOOD: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 135 FOOD: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 136 FOOD: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 137 FOOD: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 138 FOOD: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 139 FOOD: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.7 AUTOMOTIVE
                    8.1.7.1 Growing use of RFID to track real-time movement of vehicles from assembly line to distribution process to contribute to market growth
                               TABLE 140 AUTOMOTIVE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 141 AUTOMOTIVE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 142 AUTOMOTIVE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 143 AUTOMOTIVE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 144 AUTOMOTIVE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 145 AUTOMOTIVE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 146 AUTOMOTIVE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 147 AUTOMOTIVE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 148 AUTOMOTIVE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 149 AUTOMOTIVE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.8 LOGISTICS AND SUPPLY CHAIN
                    8.1.8.1 Pressing need for real-time supply chain visibility to boost adoption of RFID
                               TABLE 150 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 151 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 152 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 153 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 154 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 155 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 156 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 157 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 158 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 159 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.9 AEROSPACE
                    8.1.9.1 Increasing use of RFID in baggage tagging applications to fuel market growth
                               TABLE 160 AEROSPACE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 161 AEROSPACE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 162 AEROSPACE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 163 AEROSPACE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 164 AEROSPACE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 165 AEROSPACE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 166 AEROSPACE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 167 AEROSPACE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 168 AEROSPACE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 169 AEROSPACE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.10 DEFENSE
                    8.1.10.1 Surging utilization in border security and weapon movement tracking applications to support RFID market growth
                               TABLE 170 DEFENSE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 171 DEFENSE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 172 DEFENSE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 173 DEFENSE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 174 DEFENSE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 175 DEFENSE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 176 DEFENSE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 177 DEFENSE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 178 DEFENSE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 179 DEFENSE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.11 RETAIL
                    8.1.11.1 Focus of retail industry on reducing counterfeiting to augment adoption of RFID tags
                               TABLE 180 RETAIL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 181 RETAIL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 182 RETAIL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 183 RETAIL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 184 RETAIL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 185 RETAIL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 186 RETAIL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 187 RETAIL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 188 RETAIL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 189 RETAIL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.12 SECURITY AND ACCESS CONTROL
                    8.1.12.1 Large-scale adoption of RFID cards in physical access control and payment applications to improve market outlook
                               TABLE 190 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 191 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 192 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 193 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 194 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 195 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 196 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 197 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 198 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 199 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.13 SPORTS
                    8.1.13.1 Growing adoption of RFID tags in sports activities to contribute to market growth
                               TABLE 200 SPORTS: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 201 SPORTS: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 202 SPORTS: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 203 SPORTS: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 204 SPORTS: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 205 SPORTS: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 206 SPORTS: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 207 SPORTS: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 208 SPORTS: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 209 SPORTS: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.14 ANIMAL TRACKING
                    8.1.14.1 Extensive use of RFID to manage and monitor the health and well-being of animals to accelerate demand
                               TABLE 210 ANIMAL TRACKING: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 211 ANIMAL TRACKING: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 212 ANIMAL TRACKING: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 213 ANIMAL TRACKING: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 214 ANIMAL TRACKING: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 215 ANIMAL TRACKING: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 216 ANIMAL TRACKING: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 217 ANIMAL TRACKING: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 218 ANIMAL TRACKING: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 219 ANIMAL TRACKING: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           8.1.15 TICKETING
                    8.1.15.1 Increasing use of RFID for cashless payments and access control at public events and transportation hubs to support market growth
                               TABLE 220 TICKETING: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION)
                               TABLE 221 TICKETING: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION)
                               TABLE 222 TICKETING: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION)
                               TABLE 223 TICKETING: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION)
                               TABLE 224 TICKETING: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION)
                               TABLE 225 TICKETING: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION)
                               TABLE 226 TICKETING: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
                               TABLE 227 TICKETING: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION)
                               TABLE 228 TICKETING: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
                               TABLE 229 TICKETING: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
 
9 RFID MARKET, BY REGION (Page No. - 206)
    9.1 INTRODUCTION 
           FIGURE 44 RFID MARKET: REGIONAL SNAPSHOT
           TABLE 230 RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
           FIGURE 45 RFID TAGS MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2032
           TABLE 231 RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           TABLE 232 RFID MARKET, BY REGION, 2019–2022 (USD MILLION)
           TABLE 233 RFID MARKET, BY REGION, 2023–2032 (USD MILLION)
    9.2 NORTH AMERICA 
           FIGURE 46 NORTH AMERICA: RFID TAGS MARKET SNAPSHOT
           TABLE 234 NORTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 235 NORTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
           TABLE 236 NORTH AMERICA: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 237 NORTH AMERICA: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           9.2.1 US
                    9.2.1.1 Presence of numerous RFID vendors to support market growth
           9.2.2 CANADA
                    9.2.2.1 Healthcare sector to generate growth opportunities for RFID solution providers
           9.2.3 MEXICO
                    9.2.3.1 Focus on reducing industrial accidents to fuel adoption of RFID solutions
           9.2.4 IMPACT OF RECESSION ON RFID MARKET IN NORTH AMERICA
    9.3 EUROPE 
           FIGURE 47 EUROPE: RFID TAGS MARKET SNAPSHOT
           TABLE 238 EUROPE: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 239 EUROPE: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
           TABLE 240 EUROPE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 241 EUROPE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Supportive government regulations to boost demand for RFID tags
           9.3.2 GERMANY
                    9.3.2.1 Manufacturing industry to underpin RFID market growth
           9.3.3 FRANCE
                    9.3.3.1 High adoption of RFID by aircraft manufacturing companies to support market growth
           9.3.4 ITALY
                    9.3.4.1 Need for effective asset management to drive RFID adoption
           9.3.5 RUSSIA
                    9.3.5.1 Increasing demand from railway and energy industries to drive RFID market
           9.3.6 POLAND
                    9.3.6.1 Logistics applications to propel demand for RFID solutions
           9.3.7 REST OF EUROPE
           9.3.8 IMPACT OF RECESSION ON RFID MARKET IN EUROPE
    9.4 ASIA PACIFIC 
           FIGURE 48 ASIA PACIFIC: RFID TAGS MARKET SNAPSHOT
           TABLE 242 ASIA PACIFIC: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
           TABLE 243 ASIA PACIFIC: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
           TABLE 244 ASIA PACIFIC: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 245 ASIA PACIFIC: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           9.4.1 JAPAN
                    9.4.1.1 Significant demand from healthcare and retail sectors to support RFID market growth
           9.4.2 CHINA
                    9.4.2.1 Rapid automation of manufacturing processes to boost adoption of RFID technology
           9.4.3 SOUTH KOREA
                    9.4.3.1 Large-scale adoption of RFID solutions by food and electronics industries to favor market players
           9.4.4 INDIA
                    9.4.4.1 Defense and healthcare industries in India to drive market
           9.4.5 AUSTRALIA AND NEW ZEALAND
                    9.4.5.1 Healthcare industry to offer growth opportunities for RFID market
           9.4.6 ASEAN
                    9.4.6.1 Increasing demand for RFID in healthcare and supply chain applications to support market growth
           9.4.7 REST OF ASIA PACIFIC
           9.4.8 IMPACT OF RECESSION ON RFID MARKET IN ASIA PACIFIC
    9.5 ROW 
           TABLE 246 ROW: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION)
           FIGURE 49 ROW: RFID TAGS MARKET SNAPSHOT
           TABLE 247 ROW: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION)
           TABLE 248 ROW: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
           TABLE 249 ROW: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Brazil
                               9.5.1.1.1 Focus on achieving safety in industrial operations to augment demand for RFID solutions
                    9.5.1.2 Rest of South America
                               TABLE 250 SOUTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 251 SOUTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 South Africa
                               9.5.2.1.1 Retail industry to witness huge demand for RFID
                    9.5.2.2 Turkey
                               9.5.2.2.1 Introduction of upgraded tolling systems to improve market outlook
                    9.5.2.3 Saudi Arabia and UAE
                               9.5.2.3.1 Healthcare sector to propel demand for RFID
                    9.5.2.4 Rest of Middle East & Africa
                               TABLE 252 MIDDLE EAST & AFRICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
                               TABLE 253 MIDDLE EAST & AFRICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION)
           9.5.3 IMPACT OF RECESSION ON RFID MARKET IN ROW
 
10 COMPETITIVE LANDSCAPE (Page No. - 241)
     10.1 OVERVIEW 
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 254 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN RFID MARKET FROM 2020 TO 2023
             10.2.1 PRODUCT PORTFOLIO
             10.2.2 REGIONAL FOCUS
             10.2.3 MANUFACTURING FOOTPRINT
             10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
     10.3 MARKET SHARE ANALYSIS, 2022 
             TABLE 255 RFID MARKET: DEGREE OF COMPETITION, 2022
     10.4 FIVE-YEAR COMPANY REVENUE ANALYSIS, 2018–2022 
             FIGURE 50 FIVE-YEAR REVENUE ANALYSIS OF KEY COMPANIES
     10.5 KEY COMPANY EVALUATION MATRIX, 2022 
             FIGURE 51 RFID MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
             10.5.5 COMPANY FOOTPRINT
                        TABLE 256 OVERALL COMPANY FOOTPRINT
                        TABLE 257 COMPANY APPLICATION FOOTPRINT
                        TABLE 258 COMPANY REGION FOOTPRINT
     10.6 STARTUP/SME EVALUATION MATRIX, 2022 
             FIGURE 52 RFID MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2022
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 DYNAMIC COMPANIES
             10.6.4 STARTING BLOCKS
                        TABLE 259 RFID MARKET: LIST OF KEY STARTUPS/SMES
             10.6.5 COMPETITIVE BENCHMARKING
                        TABLE 260 RFID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     10.7 COMPETITIVE SCENARIO 
             10.7.1 PRODUCT LAUNCHES
                        TABLE 261 PRODUCT LAUNCHES, JANUARY 2020–SEPTEMBER 2023
             10.7.2 DEALS
                        TABLE 262 DEALS, JANUARY 2020–SEPTEMBER 2023
 
11 COMPANY PROFILES (Page No. - 261)
     11.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*  
             11.1.1 ZEBRA TECHNOLOGIES CORP.
                        TABLE 263 ZEBRA TECHNOLOGIES CORP.: COMPANY OVERVIEW
                        FIGURE 53 ZEBRA TECHNOLOGIES CORP.: COMPANY SNAPSHOT
                        TABLE 264 ZEBRA TECHNOLOGIES CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 265 ZEBRA TECHNOLOGIES CORP.: PRODUCT LAUNCHES
             11.1.2 IMPINJ, INC.
                        TABLE 266 IMPINJ, INC.: COMPANY OVERVIEW
                        FIGURE 54 IMPINJ, INC.: COMPANY SNAPSHOT
                        TABLE 267 IMPINJ, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 268 IMPINJ, INC.: PRODUCT LAUNCHES
             11.1.3 HONEYWELL INTERNATIONAL INC.
                        TABLE 269 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 270 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.4 AVERY DENNISON CORPORATION
                        TABLE 271 AVERY DENNISON CORPORATION: COMPANY OVERVIEW
                        FIGURE 56 AVERY DENNISON CORPORATION: COMPANY SNAPSHOT
                        TABLE 272 AVERY DENNISON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 273 AVERY DENNISON CORPORATION: PRODUCT LAUNCHES
                        TABLE 274 AVERY DENNISON CORPORATION: DEALS
                        TABLE 275 AVERY DENNISON CORPORATION: OTHERS
             11.1.5 NXP SEMICONDUCTORS
                        TABLE 276 NXP SEMICONDUCTORS: COMPANY OVERVIEW
                        FIGURE 57 NXP SEMICONDUCTORS: COMPANY SNAPSHOT
                        TABLE 277 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 278 NXP SEMICONDUCTORS: PRODUCT LAUNCHES
                        TABLE 279 NXP SEMICONDUCTORS: DEALS
             11.1.6 ALIEN TECHNOLOGY, LLC
                        TABLE 280 ALIEN TECHNOLOGY, LLC: COMPANY OVERVIEW
                        TABLE 281 ALIEN TECHNOLOGY, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 282 ALIEN TECHNOLOGY, LLC: PRODUCT LAUNCHES
             11.1.7 CAEN RFID S.R.L.
                        TABLE 283 CAEN RFID S.R.L.: COMPANY OVERVIEW
                        TABLE 284 CAEN RFID S.R.L.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 285 CAEN RFID S.R.L.: PRODUCT LAUNCHES
                        TABLE 286 CAEN RFID: DEALS
             11.1.8 GAO GROUP
                        TABLE 287 GAO GROUP: COMPANY OVERVIEW
                        TABLE 288 GAO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             11.1.9 HID GLOBAL CORPORATION
                        TABLE 289 HID GLOBAL CORPORATION: COMPANY OVERVIEW
                        TABLE 290 HID GLOBAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 291 HID GLOBAL CORPORATION: PRODUCT LAUNCHES
                        TABLE 292 HID GLOBAL CORPORATION: DEALS
             11.1.10 INVENGO INFORMATION TECHNOLOGY CO., LTD.
                        TABLE 293 INVENGO INFORMATION TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
                        TABLE 294 INVENGO INFORMATION TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED
             11.1.11 XEMELGO, INC.
                        TABLE 295 XEMELGO, INC.: COMPANY OVERVIEW
                        TABLE 296 XEMELGO, INC.: PRODUCTS/SOLUTIONS/SERVICES
                        TABLE 297 XEMELGO, INC.: DEALS
     11.2 OTHER PLAYERS 
             11.2.1 MOJIX
             11.2.2 SAG SECURITAG ASSEMBLY GROUP CO., LTD
             11.2.3 LINXENS
             11.2.4 CHECKPOINT SYSTEMS, INC.
             11.2.5 IDENTIV, INC.
             11.2.6 CONFIDEX
             11.2.7 DATALOGIC S.P.A.
             11.2.8 NEDAP N.V.
             11.2.9 JADAK
             11.2.10 UNITECH ELECTRONICS CO., LTD.
             11.2.11 INFOTEK SOFTWARE & SYSTEMS (P) LTD.
             11.2.12 BARTRONICS INDIA LIMITED
             11.2.13 BARTECH DATA SYSTEMS PVT. LTD.
             11.2.14 GLOBERANGER
             11.2.15 ORBCOMM
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.  
 
12 APPENDIX (Page No. - 333)
     12.1 DISCUSSION GUIDE 
     12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     12.3 CUSTOMIZATION OPTIONS 
     12.4 RELATED REPORTS 
     12.5 AUTHOR DETAILS 

 

This research elucidates the approach used to compile this report on the RFID market. The study employs two fundamental information sources: secondary and primary sources, which collectively provide a comprehensive, technical, and commercial analysis of the RFID market. Secondary sources encompass data derived from sources like company websites, publications, industry associations, and databases such as OneSource, Factiva, and Bloomberg. Additionally, primary sources were tapped, including insights from key opinion leaders spanning various sectors, experts from governmental entities and associations, preferred suppliers, RFID developers, distributors, technology experts, subject matter specialists (SMEs), C-level executives of prominent firms, and industry consultants. These interviews were instrumental in acquiring, validating, and comprehending crucial information and in gauging the future prospects and trends within the RFID market. Key market players were identified through secondary research, and their market positioning was assessed via a combination of primary and secondary research methods. Furthermore, this research integrated an examination of the annual reports of market participants to pinpoint the leading players in the RFID market.

Secondary Research

In the secondary research phase, we referred to a variety of secondary sources to identify and collect pertinent information for this RFID market study. These secondary sources encompassed materials such as companies' annual reports, press releases, and investor presentations, as well as white papers, accredited publications, and articles authored by recognized experts. We also consulted directories and databases. The global size of the RFID market was determined through secondary data obtained from both paid and freely available sources. This involved evaluating the product portfolios of leading companies and assessing the quality of their offerings. The secondary research process was instrumental in gathering essential data related to the industry's supply chain, the financial aspects of the market, the total count of major market players, and the segmentation of the market in alignment with industry trends down to the most granular level, including geographic markets. Furthermore, this phase allowed for the identification and examination of industry trends and significant developments from both market and technology perspectives.

Primary Research

In the primary research phase, we conducted interviews with a range of primary sources to acquire both qualitative and quantitative data concerning the market in four primary regions: Asia Pacific, North America, Europe, and RoW (comprising the Middle East, Africa, and South America). On the supply side, primary sources included industry experts occupying various roles such as CEOs, vice presidents, marketing directors, technology directors, and other key executives from major companies and organizations operating within the RFID market or closely related sectors. This primary research was instrumental in gathering, verifying, and validating critical data that had been sourced from other channels following the market engineering phase.

Primary research also served to identify various market segments, industry trends, key players, the competitive landscape, and the pivotal market dynamics, encompassing factors such as drivers, constraints, opportunities, and challenges, as well as the key strategies adopted by market players. The majority of the primary interviews focused on engaging with the supply side of the market, and the collection of this primary data was carried out through questionnaires, email correspondence, and telephonic interviews.

RFID Market Size, and Share

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

Market Size Estimation

The market engineering process extensively employed both top-down and bottom-up approaches. Additionally, a range of data triangulation methods played a crucial role in conducting market forecasting and estimating values for both the overall market segments and their sub-segments, as detailed in the report. To extract vital insights throughout the report, multiple qualitative and quantitative analyses were executed within the market engineering process.

In the identification of key players within the RFID market, secondary research was instrumental. The revenues generated by these key players were determined through a combination of primary and secondary research methods. Their revenue figures were further dissected by geographical regions and market segments, leveraging financial statements and an analysis of the annual reports released by these prominent market players. Interviews with CEOs, VPs, directors, and marketing executives were also conducted to enrich our understanding of the key players and their role in the RFID market. Market shares, a critical aspect of the analysis, were estimated using a blend of secondary and primary research. This data was then consolidated, enhanced with comprehensive insights and analysis provided by MarketsandMarkets, and is presented in this report.

Global RFID Market Size: Bottom-Up Approach

RFID Market Size, and Bottom-Up Approach

Global RFID Market Size: Top-down Approach

RFID Market Size, and Top-down Approach

Data Triangulation

Following the determination of the comprehensive market size through the previously described market size estimation process, the entire market was subsequently divided into multiple segments and sub-segments. To accomplish this and attain precise statistical data for all segments and sub-segments, the market engineering process employed a data triangulation method. This triangulation involved a thorough examination of diverse factors and trends originating from both the demand and supply aspects of the market. In addition to this, the market's accuracy and reliability were substantiated through a combination of both top-down and bottom-up approaches.

Market Definition

RFID technology uses radio waves to identify/detect people or objects. RFID tags are small electronic devices that send/receive data to/from RFID readers. RFID tags can be incorporated into products, animals, or humans for identification and data collection. Radio frequency identification (RFID) refers to a wireless system composed of two components: tags and readers. The reader is a device that has one or more antennas that emit radio waves and receive signals back from the RFID tag. Tags that use radio waves to communicate their identity and other information to nearby readers, can be passive or active. Passive RFID tags are powered by the reader and do not have a battery. Active RFID tags are powered by batteries. Radio frequency identification (RFID) is the use of radio waves to read and capture information stored on a tag attached to an object. A tag can be read from up to several feet away and does not need to be within direct line of sight of the reader to be tracked.

Stakeholders

  • Manufacturers of tags
  • Manufacturers of readers/interrogators
  • Manufacturers of antennas
  • Manufacturers of gateways
  • Software providers
  • Manufacturers of label printers
  • Third-party developers
  • Suppliers of raw materials
  • Vendors of electronic design automation (EDA) solutions
  • Original device manufacturers (ODMs) (chip manufacturers)
  • Providers of assembly, testing, and packaging services
  • Research organizations
  • Technology standards organizations, forums, alliances, and associations
  • Technology investors
  • Distributors

Study Objectives

  • To estimate, segment, and forecast the overall size of the radio frequency identification (RFID) market, by offering, tag (tag type, wafer size, frequency, form factor, material), application, and region, in terms of value
  • To estimate and forecast the overall size of the RFID tags market, in terms of volume
  • To forecast the market size, in terms of value, for RFID with regard to four main regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the value chain of the RFID market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze industry trends, pricing data, patents and innovations, and trade data (export and import data) related to the RFID market
  • To analyze technologies, key buying criteria, and key conferences (2023–2024) pertaining to RFID market
  • To strategically profile the key players and comprehensively analyze their market position in terms of their ranking and core competencies2
  • To analyze the annual revenues generated by key players in the RFID market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments, such as product launches & developments such as investments, partnerships and acquisitions in the RFID market
  • To analyze the overall, as well as regional impact of the recession on the market

Available Customizations

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

Company Information

  • Market size based on different subsegments of the RFID market
  • Detailed analysis and profiling of additional market players (up to five)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Oct, 2023
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