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Global RFID Market by Offering (Hardware, Software & Services), Tag Type (Active RFID, Passive RFID), Frequency, Form Factor, Material, Wafer Size, Application, End-User - Forecast 2023-2030

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    Report

  • 196 Pages
  • March 2024
  • Region: Global
  • 360iResearch™
  • ID: 4896556
UP TO OFF until Dec 31st 2024
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The RFID Market size was estimated at USD 22.55 billion in 2022, USD 24.63 billion in 2023, and is expected to grow at a CAGR of 9.41% to reach USD 46.35 billion by 2030.

Radio frequency identification (RFID) is a wireless and non-contact technology that allows for the digital exchange of data between an RFID reader and uniquely identifiable RFID tags or transponders embedded in a wide array of objects. Utilizing radio frequency (RF) waves as a communication medium, RFID enables automatic identification, tracking, and inventory management in diverse industries such as logistics, retail, manufacturing, healthcare, agriculture, and more. This innovative technology has significantly impacted supply chain efficiency and reduced human intervention in various processes. The RFID market comprises the creation, manufacturing, and distribution of RFID technologies such as tags, readers, software solutions, and related services. One major driver of RFID market growth is its integration with Internet of Things (IoT) solutions. As IoT devices become increasingly prevalent across industries for track-and-trace applications or environmental monitoring purposes, RFID tags can serve as valuable data points that enable businesses to optimize processes and make informed decisions based on accurate information. Government initiatives for automation across industries and the deployment of RFID solutions for livestock protection have further propelled the growth of the RFID market. Despite the promising outlook, data privacy and security concerns hinder the adoption of RFID tags as they can sometimes be read from a distance, potentially allowing unauthorized access to sensitive information. However, companies investing heavily in research and development focused on enhancing the technical capabilities of RFID technology have been creating a stronger future landscape for the market. Innovations addressing cost-effectiveness, interoperability with existing systems, and security measures are also expected to strengthen market position and expand opportunities across different sectors.

Regional Insights

In the Americas region, the RFID market has been experiencing significant growth, with a strong demand for innovative solutions in various industries. In North America, the United States is contributing majorly to technological advancements and adoption rates, attributed to a high level of investment in R&D by both the public and private sectors. Meanwhile, the increasing need for inventory management solutions across retail, healthcare, automotive, aerospace & defense sectors is expected to drive growth in Latin America. In the EMEA region, Europe maintains a significant position as one of the largest markets for RFID globally. Various European governments are actively supporting projects that involve Internet of Things (IoT) integration, which is directly linked to the expansion of the RFID market. Moreover, there is an increasing trend toward adopting smart city infrastructure throughout Europe that heavily relies on advanced technologies, including RFID systems. In addition, the Middle East and Africa also show promising potential for future growth owing to their emerging economies' growing interest in investing in new technologies such as RFID solutions for various applications, including transportation & logistics tracking systems or automated toll collection platforms. The Asia-Pacific is expected to witness the highest growth rate, attributed to rapid urbanization, increasing disposable income, and a growing emphasis on technological advancements. In the APAC region, countries including China, Japan, and South Korea, with their robust manufacturing capabilities, showcase immense interest in implementing RFID in their industries. Additionally, countries such as India, Australia, Indonesia, and Malaysia are also attracting heavy investments by global manufacturers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the RFID Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the RFID Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the RFID Market, highlighting leading vendors and their innovative profiles. These include Alien Technology LLC, ams-OSRAM AG, Avery Dennison Corporation, Beontag, CAEN RFID S.r.l., CCL Industries Inc., DENSO Corporation, Diamond Technologies, Inc., Dorset Group BV, FEIG ELECTRONIC GmbH, Fresenius SE & Co. KGaA, GAO Group, Globeranger Corporation by Fujitsu Limited, HANA Technologies, HID Global by Assa Abloy AB, Honeywell International Inc., Impinj, Inc., Invengo Information Technology Co., Ltd., Kronegger GmbH, MASS Group, Inc., Micro-Sensys GmbH, Mojix, Inc., Motorola Solutions, Inc., Nedap N.V., Neosid Pemetzrieder GmbH & Co. KG, Nippon Telegraph and Telephone Corporation, Nitta Corporation, Novanta Inc., NXP Semiconductors N.V., Pepperl+Fuchs SE, RapidRadio Solutions, Savi Technology, Inc., Schreiner Group GmbH & Co. KG, Securitag Assembly Group Co., Ltd., SML Group Limited, STMicroelectronics N.V., Syrma SGS Technology Limited, Technicode, Inc., Terso Solutions, Inc., Texas Instruments Incorporated, WOWRFID, and Zebra Technologies Corporation.

Market Segmentation & Coverage

This research report categorizes the RFID Market to forecast the revenues and analyze trends in each of the following sub-markets:

  • Offering
    • Hardware
      • Readers
      • Tags
    • Software & Services
  • Tag Type
    • Active RFID
    • Passive RFID
  • Frequency
    • High Frequency
    • Low Frequency
    • Ultra-High Frequency
  • Form Factor
    • Band
    • Card
    • Implant
    • Key Fob
    • Label & Sticker
    • Paper Ticket
  • Material
    • Ceramic
    • Glass
    • Metal
    • Paper
    • Plastic
    • Silicon
  • Wafer Size
    • 200mm
    • 300mm
  • Application
    • Animal & Wildlife Tracking
    • Logistics & Supply Chain Management
    • Security & Access Control
  • End-User
    • Aerospace & Defense
    • Agriculture & Forestry
    • Healthcare & Pharmaceutical
    • Media & Entertainment
    • Retail & Consumer Goods
    • Transportation
  • Region
    • Americas
      • Argentina
      • Brazil
      • Canada
      • Mexico
      • United States
        • California
        • Florida
        • Illinois
        • New York
        • Ohio
        • Pennsylvania
        • Texas
    • Asia-Pacific
      • Australia
      • China
      • India
      • Indonesia
      • Japan
      • Malaysia
      • Philippines
      • Singapore
      • South Korea
      • Taiwan
      • Thailand
      • Vietnam
    • Europe, Middle East & Africa
      • Denmark
      • Egypt
      • Finland
      • France
      • Germany
      • Israel
      • Italy
      • Netherlands
      • Nigeria
      • Norway
      • Poland
      • Qatar
      • Russia
      • Saudi Arabia
      • South Africa
      • Spain
      • Sweden
      • Switzerland
      • Turkey
      • United Arab Emirates
      • United Kingdom

The report offers valuable insights on the following aspects

  1. Market Penetration: It presents comprehensive information on the market provided by key players.
  2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
  3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
  4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
  5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

  1. What is the market size and forecast of the RFID Market?
  2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the RFID Market?
  3. What are the technology trends and regulatory frameworks in the RFID Market?
  4. What is the market share of the leading vendors in the RFID Market?
  5. Which modes and strategic moves are suitable for entering the RFID Market?

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Frequently Asked Questions about the Global RFID Market

What is the estimated value of the Global RFID Market?

The Global RFID Market was estimated to be valued at $24.63 Billion in 2023.

What is the growth rate of the Global RFID Market?

The growth rate of the Global RFID Market is 9.4%, with an estimated value of $46.35 Billion by 2030.

What is the forecasted size of the Global RFID Market?

The Global RFID Market is estimated to be worth $46.35 Billion by 2030.

Who are the key companies in the Global RFID Market?

Key companies in the Global RFID Market include Alien Technology LLC, ams, OSRAM AG, Avery Dennison Corporation, Beontag, CAEN RFID S.r.l., CCL Industries Inc., DENSO Corporation, Diamond Technologies, Inc. and Dorset Group BV.

Table of Contents

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. RFID Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Expanding automation and digitalization across industries
5.1.1.2. Government initiatives to tag animals with RFID of animals
5.1.1.3. Increasing use of RFID technology in the retail industry
5.1.2. Restraints
5.1.2.1. High installation costs and privacy & security concerns of RFID system
5.1.3. Opportunities
5.1.3.1. Growing technological advancements in the development of RFID
5.1.3.2. Rising inclination towards eco-friendly materials-based RFID tags
5.1.4. Challenges
5.1.4.1. Technological limitations associated with RFID systems
5.2. Market Segmentation Analysis
5.2.1. Offering: Growing demand for hardware components to enable identification and tracking capabilities
5.2.2. Tag Type: Significant utilization of active RFID for real-time asset tracking and applications
5.2.3. Frequency: Growing deployment of cost effective ultra-high frequency RFID for quicker data transfer rate
5.2.4. Form Factor: Wider adoption of wristbands optimized for healthcare applications
5.2.5. Wafer Size: Higher preferences for 300mm-based RFID products in large-scale industrial applications due to greater read range
5.2.6. Material: Wider use of silicon for enhanced data storage capacity on the RFID
5.2.7. Aplication: Expanding the application of RFID for logistics & supply chain management to track movements with greater precision
5.2.8. End-User: Emerging potential of RFID across healthcare & pharmaceutical for inventory management of medical devices and pharmaceutical products
5.3. Market Trend Analysis
5.3.1. Strong presence of major players and integration of advanced track & trace system in retail sectors in the Americas region
5.3.2. Expanding application of RFID technology for livestock monitoring and defense asset tracking in the APAC region
5.3.3. Rapidly expanding manufacturing sector and increasing adoption of smart technologies in retail, manufacturing and healthcare sector in the EMEA region.
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. RFID Market, by Offering
6.1. Introduction
6.2. Hardware
6.3.1. Readers
6.3.2. Tags
6.3. Software & Services
7. RFID Market, by Tag Type
7.1. Introduction
7.2. Active RFID
7.3. Passive RFID
8. RFID Market, by Frequency
8.1. Introduction
8.2. High Frequency
8.3. Low Frequency
8.4. Ultra-High Frequency
9. RFID Market, by Form Factor
9.1. Introduction
9.2. Band
9.3. Card
9.4. Implant
9.5. Key Fob
9.6. Label & Sticker
9.7. Paper Ticket
10. RFID Market, by Material
10.1. Introduction
10.2. Ceramic
10.3. Glass
10.4. Metal
10.5. Paper
10.6. Plastic
10.7. Silicon
11. RFID Market, by Wafer Size
11.1. Introduction
11.2. 200mm
11.3. 300mm
12. RFID Market, by Application
12.1. Introduction
12.2. Animal & Wildlife Tracking
12.3. Logistics & Supply Chain Management
12.4. Security & Access Control
13. RFID Market, by End-User
13.1. Introduction
13.2. Aerospace & Defense
13.3. Agriculture & Forestry
13.4. Healthcare & Pharmaceutical
13.5. Media & Entertainment
13.6. Retail & Consumer Goods
13.7. Transportation
14. Americas RFID Market
14.1. Introduction
14.2. Argentina
14.3. Brazil
14.4. Canada
14.5. Mexico
14.6. United States
15. Asia-Pacific RFID Market
15.1. Introduction
15.2. Australia
15.3. China
15.4. India
15.5. Indonesia
15.6. Japan
15.7. Malaysia
15.8. Philippines
15.9. Singapore
15.10. South Korea
15.11. Taiwan
15.12. Thailand
15.13. Vietnam
16. Europe, Middle East & Africa RFID Market
16.1. Introduction
16.2. Denmark
16.3. Egypt
16.4. Finland
16.5. France
16.6. Germany
16.7. Israel
16.8. Italy
16.9. Netherlands
16.10. Nigeria
16.11. Norway
16.12. Poland
16.13. Qatar
16.14. Russia
16.15. Saudi Arabia
16.16. South Africa
16.17. Spain
16.18. Sweden
16.19. Switzerland
16.20. Turkey
16.21. United Arab Emirates
16.22. United Kingdom
17. Competitive Landscape
17.1. FPNV Positioning Matrix
17.2. Market Share Analysis, By Key Player
17.3. Competitive Scenario Analysis, By Key Player
17.3.1. Merger & Acquisition
17.3.1.1. Barcodes Group Continues to Grow Through M&A with Acquisition of NeWave RFID
17.3.2. Agreement, Collaboration, & Partnership
17.3.2.1. Auto ID Systems and Wow RFID Join Forces to Revolutionize RFID and IoT Solutions in India
17.3.2.2. Checkpoint Systems and Partner Tech Team up to Deliver Next Generation RFID SCO Solution
17.3.3. New Product Launch & Enhancement
17.3.3.1. Pepperl+Fuchs Unveils High-Performance Identification System
17.3.3.2. HID Launches New LinTRAK RAIN RFID UHF Tags on the Market
17.3.3.3. Millimeter-Wave RFID Tag to Improve Drone Navigation Accuracy
17.3.3.4. SML Launches new Clarity RFID In Delivery Vehicle Solution for Proof-of-Delivery
17.3.3.5. JADAK Launches Entire Series of ThingMagic M7e Modules, the Smallest UHF RFID Modules on the Market With the Lowest Power Output.
17.3.4. Investment & Funding
17.3.4.1. RADAR Secures USD 30 Million in Series A Funding Round Led by Align Ventures
17.3.4.2. Avery Dennison Smartrac Invests USD 100 Million in New RFID tag Making Capacity
17.3.5. Award, Recognition, & Expansion
17.3.5.1. Identiv Multiplies RFID Production Capacity at Thailand Facility
18. Competitive Portfolio
18.1. Key Company Profiles
18.1.1. Alien Technology LLC
18.1.2. ams-OSRAM AG
18.1.3. Avery Dennison Corporation
18.1.4. Beontag
18.1.5. CAEN RFID S.r.l.
18.1.6. CCL Industries Inc.
18.1.7. DENSO Corporation
18.1.8. Diamond Technologies, Inc.
18.1.9. Dorset Group BV
18.1.10. FEIG ELECTRONIC GmbH
18.1.11. Fresenius SE & Co. KGaA
18.1.12. GAO Group
18.1.13. Globeranger Corporation by Fujitsu Limited
18.1.14. HANA Technologies
18.1.15. HID Global by Assa Abloy AB
18.1.16. Honeywell International Inc.
18.1.17. Impinj, Inc.
18.1.18. Invengo Information Technology Co., Ltd.
18.1.19. Kronegger GmbH
18.1.20. MASS Group, Inc.
18.1.21. Micro-Sensys GmbH
18.1.22. Mojix, Inc.
18.1.23. Motorola Solutions, Inc.
18.1.24. Nedap N.V.
18.1.25. Neosid Pemetzrieder GmbH & Co. KG
18.1.26. Nippon Telegraph and Telephone Corporation
18.1.27. Nitta Corporation
18.1.28. Novanta Inc.
18.1.29. NXP Semiconductors N.V.
18.1.30. Pepperl+Fuchs SE
18.1.31. RapidRadio Solutions
18.1.32. Savi Technology, Inc.
18.1.33. Schreiner Group GmbH & Co. KG
18.1.34. Securitag Assembly Group Co., Ltd.
18.1.35. SML Group Limited
18.1.36. STMicroelectronics N.V.
18.1.37. Syrma SGS Technology Limited
18.1.38. Technicode, Inc.
18.1.39. Terso Solutions, Inc.
18.1.40. Texas Instruments Incorporated
18.1.41. WOWRFID
18.1.42. Zebra Technologies Corporation
18.2. Key Product Portfolio
19. Appendix
19.1. Discussion Guide
19.2. License & Pricing
List of Figures
FIGURE 1. RFID MARKET RESEARCH PROCESS
FIGURE 2. RFID MARKET SIZE, 2022 VS 2030
FIGURE 3. RFID MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. RFID MARKET SIZE, BY REGION, 2022 VS 2030 (%)
FIGURE 5. RFID MARKET SIZE, BY REGION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 6. RFID MARKET DYNAMICS
FIGURE 7. RFID MARKET SIZE, BY OFFERING, 2022 VS 2030 (%)
FIGURE 8. RFID MARKET SIZE, BY OFFERING, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 9. RFID MARKET SIZE, BY TAG TYPE, 2022 VS 2030 (%)
FIGURE 10. RFID MARKET SIZE, BY TAG TYPE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 11. RFID MARKET SIZE, BY FREQUENCY, 2022 VS 2030 (%)
FIGURE 12. RFID MARKET SIZE, BY FREQUENCY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 13. RFID MARKET SIZE, BY FORM FACTOR, 2022 VS 2030 (%)
FIGURE 14. RFID MARKET SIZE, BY FORM FACTOR, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 15. RFID MARKET SIZE, BY MATERIAL, 2022 VS 2030 (%)
FIGURE 16. RFID MARKET SIZE, BY MATERIAL, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 17. RFID MARKET SIZE, BY WAFER SIZE, 2022 VS 2030 (%)
FIGURE 18. RFID MARKET SIZE, BY WAFER SIZE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 19. RFID MARKET SIZE, BY APPLICATION, 2022 VS 2030 (%)
FIGURE 20. RFID MARKET SIZE, BY APPLICATION, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 21. RFID MARKET SIZE, BY END-USER, 2022 VS 2030 (%)
FIGURE 22. RFID MARKET SIZE, BY END-USER, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 23. AMERICAS RFID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 24. AMERICAS RFID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 25. UNITED STATES RFID MARKET SIZE, BY STATE, 2022 VS 2030 (%)
FIGURE 26. UNITED STATES RFID MARKET SIZE, BY STATE, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 27. ASIA-PACIFIC RFID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 28. ASIA-PACIFIC RFID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 29. EUROPE, MIDDLE EAST & AFRICA RFID MARKET SIZE, BY COUNTRY, 2022 VS 2030 (%)
FIGURE 30. EUROPE, MIDDLE EAST & AFRICA RFID MARKET SIZE, BY COUNTRY, 2022 VS 2023 VS 2030 (USD MILLION)
FIGURE 31. RFID MARKET, FPNV POSITIONING MATRIX, 2022
FIGURE 32. RFID MARKET SHARE, BY KEY PLAYER, 2022

Companies Mentioned

  • Alien Technology LLC
  • ams-OSRAM AG
  • Avery Dennison Corporation
  • Beontag
  • CAEN RFID S.r.l.
  • CCL Industries Inc.
  • DENSO Corporation
  • Diamond Technologies, Inc.
  • Dorset Group BV
  • FEIG ELECTRONIC GmbH
  • Fresenius SE & Co. KGaA
  • GAO Group
  • Globeranger Corporation by Fujitsu Limited
  • HANA Technologies
  • HID Global by Assa Abloy AB
  • Honeywell International Inc.
  • Impinj, Inc.
  • Invengo Information Technology Co., Ltd.
  • Kronegger GmbH
  • MASS Group, Inc.
  • Micro-Sensys GmbH
  • Mojix, Inc.
  • Motorola Solutions, Inc.
  • Nedap N.V.
  • Neosid Pemetzrieder GmbH & Co. KG
  • Nippon Telegraph and Telephone Corporation
  • Nitta Corporation
  • Novanta Inc.
  • NXP Semiconductors N.V.
  • Pepperl+Fuchs SE
  • RapidRadio Solutions
  • Savi Technology, Inc.
  • Schreiner Group GmbH & Co. KG
  • Securitag Assembly Group Co., Ltd.
  • SML Group Limited
  • STMicroelectronics N.V.
  • Syrma SGS Technology Limited
  • Technicode, Inc.
  • Terso Solutions, Inc.
  • Texas Instruments Incorporated
  • WOWRFID
  • Zebra Technologies Corporation

Methodology

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