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Radio Frequency Identification (RFID) Technology - Global Market Trajectory & Analytics

  • ID: 338452
  • Report
  • July 2020
  • Region: Global
  • 489 Pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • 3M Company
  • Actatek Technology, Inc.
  • Ascendent Id , Inc.
  • Checkpoint Systems
  • Impinj
  • Nxp Semiconductors Nv
  • MORE
Global Radio Frequency Identification (RFID) Technology Market to Reach $44.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Radio Frequency Identification (RFID) Technology estimated at US$17.3 Billion in the year 2020, is projected to reach a revised size of US$44.7 Billion by 2027, growing at a CAGR of 14.5% over the analysis period 2020-2027. Tags, one of the segments analyzed in the report, is projected to record a 16.4% CAGR and reach US$23.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Reader segment is readjusted to a revised 11.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $4.7 Billion, While China is Forecast to Grow at 18.8% CAGR

The Radio Frequency Identification (RFID) Technology market in the U.S. is estimated at US$4.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$10.3 Billion by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.3% and 12.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11.4% CAGR.

Software Segment to Record 15.3% CAGR

In the global Software segment, USA, Canada, Japan, China and Europe will drive the 14.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2 Billion in the year 2020 will reach a projected size of US$5.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.8 Billion by the year 2027, while Latin America will expand at a 16.8% CAGR through the analysis period. We bring years of research experience to this 16th edition of our report. The 489-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 3M Company
  • ACTAtek Technology, Inc.
  • Alien Technology
  • Ascendent ID, Inc.
  • Avery Dennison Corporation
  • Checkpointt System Inc.
  • Impinj, Inc.
  • NXP Semiconductors NV

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • 3M Company
  • Actatek Technology, Inc.
  • Ascendent Id , Inc.
  • Checkpoint Systems
  • Impinj
  • Nxp Semiconductors Nv
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Radio Frequency Identification (RFID) Technology Competitor Market Share Scenario Worldwide (in %): 2019 & 2028

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Radio Frequency Identification (RFID) Technology Market Share (in %) by Company: 2019 & 2025

Market Analytics

CANADA

JAPAN

CHINA

EUROPE

Market Facts & Figures

European Radio Frequency Identification (RFID) Technology Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION

Total Companies Profiled: 141

Note: Product cover images may vary from those shown
3 of 3
  • 3M Company
  • Actatek Technology, Inc.
  • Alien Technology Corporation
  • Ascendent Id , Inc.
  • Avery Dennison Corporation
  • Checkpoint Systems
  • Impinj
  • Nxp Semiconductors Nv
Note: Product cover images may vary from those shown
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