RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region - Global Forecast to 2023

[346 Pages Report] Driven by lower prices of radio-frequency identification (RFID) tags, and increasing penetration of RFID technology in various industries, the RFID market is likely to witness high growth in coming years. The RFID market was valued at USD 16.95 Billion in 2016 and is expected to grow at a CAGR of 7.7% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the RFID market based on products and tag market based on wafer size, working, frequency, applications, form factor, label type, and region. The report provides detailed information regarding the major factors influencing the growth of the RFID market. The report also provides a detailed overview of the value chain of the RFID market.

The research methodology used to estimate and forecast the RFID market begins with obtaining data through secondary research such as RetailWire, RFIDJournal, and the newsletters and whitepapers of the leading players in this market. The offerings of the tags, chips and software providers have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the RFID market from the revenue of key players. After arriving at the overall market size, the total market has been split into several segments and sub segments, which then have been verified through primary research by conducting extensive interviews with officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub segments. The breakdown of the profiles of primaries has been depicted in the following figure.

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

The RFID ecosystem comprises chip and inlay providers, tag manufacturers, reader and software providers, and system integrators. The players involved in the development of RFID solutions are Impinj (US), NXP Semiconductors (Netherlands), Alien Technology (US), and Avery Dennison (US), among others.

Target audience of the report:

• Government bodies, venture capitalists, and private equity firms
• Manufacturers of field devices such as sensors, controllers, actuators, relays, and valves
• Research institutes and organizations
• Software designers and manufacturers
• System integrators
• End-user industries such as retail, logistics and supply chain, commercial, sports, healthcare and others.

This study answers several questions for the stakeholders, primarily regarding the market segments to focus on in the next two to five years for prioritizing efforts and investments.

Scope of the report:

This research report categorizes the overall RFID tag market, based on wafer size, working, frequency, applications, form factor, label type, and geography.

RFID Market, by Product

• Tags
• Reader
• Software

RFID Tag Market, by Wafer Size

• 200mm
• 300mm
• Others (450mm and more size)

RFID Tag Market, by Working

• Passive RFID
• Active RFID

RFID Tag Market, by Frequency

• Low Frequency
• High Frequency
• Ultra-high Frequency
• Active Ultra-High Frequency

RFID Tag Market, by Application

• Animal Tracking/Agriculture
• Commercial
• Transportation
• Healthcare
• Logistics and Supply Chain
• Aerospace
• Defense
• Retail
• Security and Access Control
• Sports

RFID Tag Market, by Form Factor

• Button
• Card
• Electronic Housing
• Implants
• Key Fob
• Label
• Paper Tickets
• Wristband
• Others (Screw, Tie Wrap, Boltable, Shackle, Cinch, Sling, Embeddable, Eyelet, and Push)

RFID Tag Market, by Label Type

• Plastic
• Paper
• Metal
• Glass
• Others (rubber, ceramic, and silicon)

RFID Tag Market, by Geography

• The Americas
• Europe, Middle East, and Africa (EMEA)
• Asia Pacific (APAC)

Available Customizations:

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

Company Information

• Detailed analysis and profiling of additional market players (up to five), based on various blocks of the value chain

Quantitative Analysis

• Further breakdown of the RFID market, by products
  • Detailed analysis of RFID reader market, by form factor, frequency, application, and geography
  • Detailed analysis of RFID software market, by form factor, frequency, application, and geography
• Further breakdown of the application segment
  • Detailed analysis of the applications, by low frequency, high frequency, and ultra-high frequency
  • Detailed analysis of the applications, by label type (for tags)
  • Detailed analysis of the applications, by form factor (for tags
• Detailed analysis of the geography segment, by application
  • Further breakdown of the Americas, EMEA and Asia Pacific regions based on applications

Competitive Analysis

• Deep-dive qualitative insights into industry trends & dynamics
• Further analysis of competitive trends influencing the companies, which involves PESTLE, Porter’s Five, and SWOT analysis.

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Year Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
           2.2.3 Market Share Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary
    3.1 BRIC Nations and RFID Tag Market
    3.2 Government Initiatives (2016)
    3.3 Key Investment Opportunities

4 Premium Insights
    4.1 Technology Trends Analysis
           4.1.1 Key Potential Applications
           4.1.2 Key Regions to Invest
    4.2 Cost Analysis
           4.2.1 Factors Affecting Manufacturing Cost
           4.2.2 Manufacturing Cost Structure Analysis
    4.3 Technology Node Analysis
    4.4 ECO System Analysis 
    4.5 Active Key Companies
    4.6 Business Models in Practice 
    4.7 Profit Margin Analysis
    4.8 Comparative Tag Analysis

5 Market Overview
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Increasing Installation of RFID in Manufacturing Units for Productivity Improvement
                    5.4.1.2 Increased Usage of Security & Access Control Application
                    5.4.1.3 Increasing Government Initiatives
                    5.4.1.4 High Adoption of RFID Technology in Retail Industry
                    5.4.1.5 Laws for Compulsory Tagging of Animals
           5.4.2 Restraints
                    5.4.2.1 High Installation Costs of RFID System
                    5.4.2.2 Device Interoperability
           5.4.3 Opportunities
                    5.4.3.1 Public Transportation Sector
                    5.4.3.2 Clampdown on Pharmaceutical Drug Counterfeiting
                    5.4.3.3 RFID Tag With Sensor
                    5.4.3.4 IoT Based RFID Labeling
                    5.4.3.5 Rain RFID
           5.4.4 Challenges
                    5.4.4.1 Lack of Awareness
                    5.4.4.2 Lack of Backend Data Support

6 RFID Market By Products
    6.1 Tags
           6.1.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
           6.1.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    6.2 Readers
           6.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
           6.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    6.3 Software
           6.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
           6.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023

7 RFID Market By Tags
    7.1 RFID Tag Market, By Wafer Size
           7.1.1 200mm
                    7.1.1.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.1.1.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.1.2 300mm
                    7.1.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.1.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.1.3 Others
    7.2 RFID Tag Market, By Tag Type 
           7.2.1 Introduction
           7.2.2 Passive RFID
                    7.2.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.2.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.2.3 Active RFID
                    7.2.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.2.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    7.3 RFID Tag Market, By Frequency
           7.3.1 Introduction
           7.3.2 Low Frequency
                    7.3.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.3.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.3.3 High Frequency
                    7.3.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.3.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.3.4 Ultra-High Frequency
                    7.3.4.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.3.4.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.3.5 Active Ultra-High Frequency
                    7.3.5.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.3.5.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    7.4 RFID Tag Market, By Application 
           7.4.1 Introduction
                    7.4.1.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.1.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.2 Agriculture (Animal Tracking, Farm Automation, Food Traceability, Cold Chain, and Others)
                    7.4.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.3 Commercial (Advertising, Industrial Material Management, It Asset Tracking, Kiosk, Laundry, Jewellery Tracking, and Others)
                    7.4.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.4 Transportation (Car Clickers, Road Tolling, Automotive Ignition Systems, Intelligent Transportation System, Parking Management, and Others)
                    7.4.4.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.4.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.5 Healthcare (Laboratory Management, Patients Management, Waste Management, Drugs Management, Equipment Management, and Others)
                    7.4.5.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.5.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.6 Logistic and Supply Chain (Postal and Courier, Asset Tracking, Freight Tracking System, Container Tracking, and Others)
                    7.4.6.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.6.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.7 Aerospace (Baggage Tracking, Flyable Parts Tracking, Materials Management, Lifetime Traceability, MRO, and Others)
                    7.4.7.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.7.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.8 Defense (Border Security, Weapon Movement Tracking, Soldier Movement Tracking, and Others)
                    7.4.8.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.8.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.9 Retail (Apparel, Jewellery, and Others)
                    7.4.9.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.9.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.10 Security and Access Control (Access Control, Counterfeiting and Theft Control/Prevention, Passport, and Others)
                    7.4.10.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.10.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.4.11 Sports
                    7.4.11.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.4.11.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    7.5 RFID Tag Market, By Form Factor
           7.5.1 Introduction
                    7.5.1.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.1.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.2 Button
                    7.5.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.3 Card
                    7.5.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.4 Implants
                    7.5.4.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.4.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.5 Key Fob
                    7.5.5.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.5.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.6 Label
                    7.5.6.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.6.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.7 Paper Tickets
                    7.5.7.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.7.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.8 Wristband
                    7.5.8.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.8.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.5.9 Others (Screw, Tie Wrap, Boltable, Shackle, Cinch, Sling, Embeddable, Eyelet, and Push)
                    7.5.9.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.5.9.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
    7.6 RFID Tag Market, By Material 
           7.6.1 Introduction
                    7.6.1.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.1.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.6.2 Plastic
                    7.6.2.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.2.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.6.3 Paper
                    7.6.3.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.3.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.6.4 Metal
                    7.6.4.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.4.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.6.5 Glass
                    7.6.5.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.5.2 Market Analysis and Forecast (Billion Units): 2017 to 2023
           7.6.6 Others (Rubber, Ceramic, and Silicon)
                    7.6.6.1 Market Analysis and Forecast (Billion USD): 2017 to 2023
                    7.6.6.2 Market Analysis and Forecast (Billion Units): 2017 to 2023

8 RFID Market, By Region
    8.1 Americas
           8.1.1 US
           8.1.2 Canada
           8.1.3 Mexico
           8.1.4 Brazil
           8.1.5 Rest of Americas
           8.1.6 Market Analysis and Forecast (Billion USD): 2017 to 2023
           8.1.7 Market Analysis and Forecast (Billion Units): 2017 to 2023
    8.2 EMEA
           8.2.1 Germany
           8.2.2 UK
           8.2.3 France
           8.2.4 Italy
           8.2.5 Russia
           8.2.6 Rest of EMEA
           8.2.7 Market Analysis and Forecast (Billion USD): 2017 to 2023
           8.2.8 Market Analysis and Forecast (Billion Units): 2017 to 2023
    8.3 Asia Pacific 
           8.3.1 Australia
           8.3.2 China
           8.3.3 India
           8.3.4 Japan
           8.3.5 Rest of APAC
           8.3.6 Market Analysis and Forecast (Billion USD): 2017 to 2023
           8.3.7 Market Analysis and Forecast (Billion Units): 2017 to 2023

9 Competitive Landscape
    9.1 Overview
    9.2 Market Rank Analysis: RFID Market
    9.3 Competitive Situation and Trends
           9.3.1  New Product Development
           9.3.2  Merger and Acquisition
           9.3.3  Collaboration and Partnerships
    9.4 Dive Analysis
           9.4.1 Vanguards
           9.4.2 Dynamic
           9.4.3 Innovators
           9.4.4 Emerging
    9.5 Product Offerings
    9.6 Business Strategies

*Top 25 Companies Analysed for This Study are - are Impinj (US), NXP Semiconductors (Netherlands), Alien Technology (US), Avery Dennison (US), Smartrac (Netherlands), Invengo (Singapore), Checkpoint Systems (US), Mojix (US), GAO RFID (US), Nedap (Netherlands), Zebra Technologies (US), Globeranger (US), HID Global (US), Applied Wireless (US), Caen RFID (Italy), Honeywell (US), Thing Magic (US), Identiv (US), SAG (US), Omni-ID (US), Vizinex RFID (US), Savi Technology (US), RFID Global Solution (US), Confidex (Finland), and Trackx (US).

10 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, MnM View) *
     10.1 Alien Technology
     10.2 Applied Wireless RFID 
     10.3 Avery Dennison
     10.4 Caen RFID 
     10.5 Checkpoint Systems 
     10.6 GAO RFID
     10.7 Globeranger
     10.8 Impinj 
     10.9 Invengo 
     10.10 Mojix 
     10.11 Motorola
     10.12 Nedap 
     10.13 NXP Semiconductors
     10.14 Smartrac Technology
     10.15 Thingmagic
     10.16 Zebra
     10.17 Honeywell Aidc
     10.18 Securitag Assembly Group (SAG)
     10.19 Identiv
     10.20 Confidex
     10.21 Omni-ID
     10.22 Savi Technology
     10.23 Vizinex RFID
     10.24 HID Global
     10.25 Trackx
     10.26 RFID Global Solution

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.

11 Top Players in RFID
     11.1 Introduction 
     11.2 Top Players in Americas 
     11.3 Top Players in EMEA 
     11.4 Top Players in APAC 

12 Appendix
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Authors Details

List of Tables (59 Tables)

Table 2.1 Key Data From Secondary Sources
Table 2.2 Key Data From Primary Sources
Table 2.3 Research Assumptions
Table 3.1 Government Initiatives (2016)
Table 4.1 RFID Tag Market: Key Applications (Case Studies)
Table 4.2 RFID Tag Market: Costs
Table 4.3 Estimated Price of Inlays for Tags, Based on Different Frequencies
Table 4.4 Estimated Cost of Tags, Based on Different Frequencies
Table 4.5 Technology Matrix of Top 3 Chip Manufacturers
Table 4.6 RFID Market: Cost/Price Breakdown
Table 4.7 Comparative Analysis of Tag ICS: Alien Technology
Table 4.8 Comparative Analysis of Tag ICS: Impinj
Table 4.9 Comparative Analysis of Tag ICS: NXP Semiconductors
Table 5.1 RFID Market: Drivers
Table 5.2 RFID Market: Drivers (Continued)
Table 5.3 RFID Market: Restraints
Table 5.4 RFID Market: Opportunities
Table 5.5 RFID Market: Opportunities (Continued)
Table 5.6 RFID Market: Challenges
Table 7.1 RFID Market for Passive Tags, By Application, 2014-2023 (USD Million)
Table 7.2 RFID Market for Passive Tags, By Application, 2014-2023 (Million Units)
Table 7.3 RFID Market for Active Tags, By Application, 2014-2023 (USD Million)
Table 7.4 RFID Market for Active Tags, By Application, 2014-2023 (Million Units)
Table 7.5 RFID Market for Passive Low Frequency Tags, By Application, 2014-2023 (Million Units)
Table 7.6 RFID Market for Passive High Frequency Tags, By Application, 2014-2023 (Million Units)
Table 7.7 RFID Market for Passive Ultrahigh Frequency Tags, By Application, 2014-2023 (Million Units)
Table 7.8 RFID Market for Active Ultrahigh Frequency Tags, By Application, 2014-2023 (Million Units)
Table 7.9 RFID Tag Market for Animal Tracking & Agriculture, By Region, 2014-2023 (Million Units)
Table 7.10 RFID Tag Market for Commercial, By Region, 2014-2023 (Million Units)
Table 7.11 RFID Tag Market for Transportation, By Region, 2014-2023 (Million Units)
Table 7.12 RFID Tag Market for Healthcare, By Region, 2014-2023 (Million Units)
Table 7.13 RFID Tag Market for Logistics & Supply Chain, By Region, 2014-2023 (Million Units)
Table 7.14 RFID Tag Market for Aerospace, By Region, 2014-2023 (Million Units)
Table 7.15 RFID Tag Market for Defense, By Region, 2014-2023 (Million Units)
Table 7.16 RFID Tag Market for Retail, By Region, 2014-2023 (Million Units)
Table 7.17 RFID Tag Market for Security and Access Control, By Region, 2014-2023 (Million Units)
Table 7.18 RFID Tag Market for Sports, By Region, 2014-2023 (Million Units)
Table 7.19 RFID Tag Market for Button, By Application, 2014-2023 (Million Units)
Table 7.20 RFID Tag Market for Cards, By Application, 2014-2023 (Million Units)
Table 7.21 RFID Tag Market for Key Fobs, By Application, 2014-2023 (Million Units)
Table 7.22 RFID Tag Market for Labels, By Application, 2014-2023 (Million Units)
Table 7.23 RFID Tag Market for Papers, By Application, 2014-2023 (Million Units)
Table 7.24 RFID Tag Market for Bands, By Application, 2014-2023 (Million Units)
Table 7.25 RFID Tag Market for Others, By Application, 2014-2023 (Million Units)
Table 7.26 RFID Tag Market for Plastic, By Application (Million Units)
Table 7.27 RFID Tag Market for Paper, By Application (Million Units)
Table 7.28 RFID Tag Market for Metal, By Application (Million Units)
Table 7.29 RFID Tag Market for Glass, By Application Miillion Units)
Table 7.30 RFID Tag Market for Others, By Application (Million Units)
Table 8.1 RFID Market for Tags in Americas, By Application (Million Units)
Table 8.2 RFID Market for Tags in Americas, By Country (USD Million)
Table 8.3 RFID Market for Tags in Americas, By Country (Million Units)
Table 8.4 RFID Market for Tags in EMEA, By Application (Million Units)
Table 8.5 RFID Market for Tags in EMEA, By Country (USD Million)
Table 8.6 RFID Market for Tags in EMEA, By Country (Million Units)
Table 8.7 RFID Tag Market for Tags in Asia Pacific, By Application (Million Units)
Table 8.8 RFID Tag Market for Tags in Asia Pacific, By Country (USD Million)
Table 8.9 RFID Tag Market for Tags in Asia Pacific, By Country (Million Units)
Table 9.1 Ranking of Key Players in RFID Market, 2016

List of Figures (71 Figures)

Figure 1.1 How RFID System Works
Figure 1.2 Market Segmentation and Scope
Figure 1.3 Years Considered for the Study
Figure 2.1 Research Design
Figure 2.2 Secondary Sources
Figure 2.3 Research Methodology
Figure 2.4 Bottom-Up Approach
Figure 2.5 Top-Down Approach
Figure 2.6 Drawing the RFID Tag Market Segment
Figure 2.7 Global RFID Market - Market Sizing
Figure 2.8 Market Data Triangulation
Figure 3.1 Key Investment Opportunities
Figure 4.1 RFID Tag Market: Key Applications
Figure 4.2 RFID Tag Market: Key Regions to Invest
Figure 4.3 RFID Tag Market: Cost With Respect to Feature Size
Figure 4.4 Total Cost of Ownership for A RFID System Installation
Figure 4.5 RFID Ecosystem Analyis-Simplified
Figure 6.1 RFID Market for Tags, 2014-2023 (USD Billion)
Figure 6.2 RFID Market for Readers, 2014-2023 (USD Billion)
Figure 6.3 RFID Market for Software, 2014-2023 (USD Billion)
Figure 7.1 RFID Market for Tags, By Wafer Size, 2014-2023 (Billion Units)
Figure 7.2 RFID Market for Tags, By Tag Type, 2014-2023 (USD Billion)
Figure 7.3 RFID Market for Tags, By Tag Type, Shipments & Asp
Figure 7.4 RFID Market for Tags, By Tag Type (Billion Units)
Figure 7.5 RFID Market for Passive Tags, By Frequency, 2014-2023 (USD Billion)
Figure 7.6 RFID Market for Passive Tags, By Frequency, Shipments & Asp, 2014-2023
Figure 7.7 RFID Market for Passive Tags, By Frequency, 2014-2023 (Billion Units)
Figure 7.8 RFID Market for Active Tags, By Frequency, 2014-2023 (USD Billion)
Figure 7.9 RFID Market for Active Tags, By Frequency,2014-2023 (Shipments and Asp)
Figure 7.10 RFID Market for Active Tags, By Frequency, 2014-2023 (Billion Units)
Figure 7.11 RFID Market for Passive Low Frequency Tags, By Application, 2014-2023, (USD Million)
Figure 7.12 RFID Market for Passive High Frequency Tags, By Application, 2014-2023 (USD Million)
Figure 7.13 RFID Market for Passive Ultrahigh Frequency Tags, By Application, 2014-2023 (USD Million)
Figure 7.14 RFID Market for Active Ultrahigh Frequency Tags, By Application, 2014-2023 (USD Million)
Figure 7.15 RFID Market for Tags, By Application, 2014-2023 (USD Million)
Figure 7.16 RFID Market for Tags, By Application (Million Units), 2014-2023
Figure 7.17 RFID Tag Market for Animal Tracking & Agriculture, By Region, 2014-2023 (USD Million)
Figure 7.18 RFID Tag Market for Commercial, By Region, 2014-2023 (USD Million)
Figure 7.19 RFID Tag Market for Transportation, By Region, 2014-2023 (USD Million)
Figure 7.20 RFID Tag Market for Healthcare, By Region, 2014-2023 (USD Million)
Figure 7.21 RFID Tag Market for Logistics & Supply Chain, By Region, 2014-2023 (USD Million)
Figure 7.22 RFID Tag Market for Aerospace, By Region, 2014-2023 (USD Million)
Figure 7.23 RFID Tag Market for Defense, By Region, 2014-2023 (USD Million)
Figure 7.24 RFID Tag Market for Retail, By Region, 2014-2023 (USD Million)
Figure 7.25 RFID Tag Market for Security and Access Control, By Region, 2014-2023 (USD Million)
Figure 7.26 RFID Tag Market for Sports, By Region, 2014-2023 (USD Million)
Figure 7.27 RFID Tag Market for Tags, By Form Factor, 2014-2023 (USD Billion)
Figure 7.28 RFID Tag Market for Tags, By Form Factor, 2014-2023 (Billion Units)
Figure 7.29 RFID Tag Market for Buttons, By Application, 2014-2023 (USD Million)
Figure 7.30 RFID Tag Market for Cards, By Application, 2014-2023 (USD Million)
Figure 7.31 RFID Tag Market for Implants, By Application, 2014-2023 (USD Million)
Figure 7.32 RFID Tag Market for Implants, By Application, 2014-2023 (Million Units)
Figure 7.33 RFID Tag Market for Key Fobs, By Application, 2014-2023 (USD Million)
Figure 7.34 RFID Tag Market for Labels, By Application, 2014-2023 (USD Million)
Figure 7.35 RFID Tag Market for Papers, By Application, 2014-2023 (USD Million)
Figure 7.36 RFID Tag Market for Bands, By Application, 2014-2023 (USD Million)
Figure 7.37 RFID Tag Market for Others, By Application, 2014-2023 (USD Million)
Figure 7.38 RFID Tag Market, By Material (USD Billion)
Figure 7.39 RFID Tag Market, By Material (Billion Units)
Figure 7.40 RFID Tag Market for Plastic, By Application (USD Million)
Figure 7.41 RFID Tag Market for Paper, By Application (USD Million)
Figure 7.42 RFID Tag Market for Metal, By Application (USD Million)
Figure 7.43 RFID Tag Market for Glass, By Application (USD Million)
Figure 7.44 RFID Tag Market for Others, By Application (USD Million)
Figure 8.1 RFID Market for Tags in Americas, By Application (USD Million)
Figure 8.2 RFID Market for Tags in EMEA, By Application (USD Million)
Figure 8.3 RFID Market for Tags in Asia Pacific, By Application (USD Million)
Figure 9.1 Companies Adopted New Product Development as the Key Growth Strategy Between 2014 and 2017
Figure 9.2 Competitive Situation & Trends
Figure 9.3 Battle for Market Share - New Product Launches and Developments Were Key Strategies Between 2014 and 2017
Figure 9.4 Dive Analysis

The radio-frequency identification (RFID) market is expected to be valued at USD 31.42 Billion by 2023, growing at a CAGR of 7.7% between 2017 and 2023. The growth of this market is fueled by the increasing installation of RFID in manufacturing units for productivity improvement; increased usage of security & access control application; increasing government initiatives; high adoption of RFID technology in retail industry; and development in the RFID ecosystem through organic growth strategies such as mergers and acquisitions, and collaborations.

Among all products in the RFID system, the market for RFID tags is expected to grow at the highest CAGR between 2017 and 2023. Reduction in the costs have led to rise in adoption of RFID tags; demand for the tags will continue to raise competitive situations in the market, which in turn will lead to further innovations in the RFID systems.

The RFID market for passive tags is expected to grow at a high rate between 2017 and 2023. Owing to factors such as small size, low cost and long lifetime, passive tags are expected to gain more traction than active tags. Demand for passive UHF RFID tags have also seen a large adoption after the evolution of RAIN RFID alliance. With members such as AIDC industry association AIM Global, Google, Impinj, Intel and SMARTRAC, the alliance has effectively worked on spreading the awareness among the end users and potential customers

Ultra-high frequency (UHF) RFID tags enable multiple tag reading that means user can read more RFID tags in one go, which is not supported by LF and HF. Multiple tag reading helps in reducing error, thus facilitating efficiency in automation. UHF RFID is currently the only type of RFID to be regulated by a single global standard.

Among various applications, the commercial industry accounted for the largest share of the overall RFID market based on the end-user industry in 2016. The commercial sector is witnessing good growth, an in turn, are using RFID to optimize their operations and give them a competitive advantage. Since past few years, there has been significant improvement in demand for innovative technologies that are enabling end-users to fulfill customers’ needs. RFID technology enables the commercial industry to identify and track items, and thus, enhance data center and warehouse management across various verticals such as IT asset tracking, laundry management, and jewelry tracking. The increasing population, along with rising commercialization, are driving investment in the RFID systems, and software.

The Americas is expected to hold the largest share of the RFID market during the forecast period. The players in the Americas region are emphasizing on research and development activities, to facilitate operational efficiency through advanced technologies. Furthermore, the adoption of RFID technologies and a significant number of established players in the RFID market are driving the demand for RFID tags in the Americas.

The key restraining factors for the growth of the RFID market are higher costs of installation of RFID systems and device interoperability. RFID adoption in any industry requires high investment regarding tags, readers, software, running replacement services, and electricity. More features such as accuracy checking of system, IoT integration, and training cost makes RFID solution costlier. This restrains adoption of RFID. Meanwhile, device interoperability restrains the implementation of RFID. For example, the ability for a single reader to read tags from multiple frequencies is difficult and complex. If organizations have multiple frequency tags and a single reader, then device interoperability issue may occur.

The key market players such as Impinj (US), NXP Semiconductors (Netherlands) and Alien Technology (US) are focusing on the strategies such as new product launches and developments, expansions, contracts, and collaborations to enhance their product offerings and expand their business. Also, they have launched disruptive technologies in tags and gateways which are currently bolstering the RFID market.

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