Speak directly to the analyst to clarify any post sales queries you may have.
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
- Hardware
- 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
- Americas
The report offers valuable insights on the following aspects
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- 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.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as
- What is the market size and forecast of the RFID Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the RFID Market?
- What are the technology trends and regulatory frameworks in the RFID Market?
- What is the market share of the leading vendors in the RFID Market?
- Which modes and strategic moves are suitable for entering the RFID Market?
Please note: For this report, the purchase of an Enterprise license allows up to ten worldwide users of an organization access to the report
Please note: This report can be updated on request. Please contact our Customer Experience team using the Ask a Question widget on our website.
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
What is the estimated value of the Global RFID Market?
What is the growth rate of the Global RFID Market?
What is the forecasted size of the Global RFID Market?
Who are the key companies in the Global RFID Market?
Report Attribute | Details |
---|---|
No. of Pages | 196 |
Published | March 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 24.63 Billion |
Forecasted Market Value ( USD | $ 46.35 Billion |
Compound Annual Growth Rate | 9.4% |
Regions Covered | Global |
No. of Companies Mentioned | 42 |
Table of Contents
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
LOADING...