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RFID Tags Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030

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    Report

  • 116 Pages
  • October 2022
  • Region: Global
  • Acute Market Reports
  • ID: 5697725

Growing Penetration of RFID Technology along with Consistent Price Decline to Drive the RFID Tags Market

RFID tags market worldwide is set to register robust CAGR through the forecast period from 2022 to 2030, rising from US$ 5,955.8 Mn in 2020. RFID tags are electronic devices embedded with an antenna attached to the goods/animals/personnel to be tracked. The demand for RFID tags is primarily governed by the continually growing penetration of RFID tracking systems worldwide. Factors such as consistent decline in price and widespread application area has ensured robust market growth over the period. RFID tags are available in wide price range starting as low as US$ 0.10 to more than US$ 20, based on particular application. The market heavily relies on retail and transportation & logistics sectors constituting to more than 65% of the overall market revenue generated worldwide. Major retail companies such as Walmart, Inc., Metro AG and Target Corporation have already mandated the use of RFID tracking systems for effective asset and goods tracking. Additionally, major consumer packages goods (CPG) companies too hold prominent position in adopting RFID tracking systems, thereby supporting the RFID tags market growth.

HF RFID Tags to Dominate the Market; UHF RFID Tags Segment to Register the Highest Growth

HF RFID tags segment led the overall market in 2021, contributing to more than 40% of the total market revenue generated worldwide. Although LF RFID systems too are fairly competent, factors such as standardized technology, faster detection, larger memory, fairly longer range and wide application area. Thus, despite being costlier than LF systems, HF RFID systems are more widespread making the HF tags segment dominant in the market. In the following years, UHF RFID tags segment is set to register the highest growth in the market. UHF RFID tags are cheap, long range and offer faster data transfer rate as compared to LF and HF counterparts. Additionally, this latest RFID standard supports multiple tag reading and can be used in wide array of applications including retail, inventory management, pharmaceutical anti-counterfeiting and several others. Thus, the segment would register highest growth rate during the forecast period.

Asia Pacific to Continue its Dominance due to Rising Industrial & Retail Sectors

In 2021, Asia Pacific accounted for the largest share, in terms of value, in the overall RFID tags market contributing to more than 1/3rd of the global market value. Asia Pacific possesses the most promising retail sector globally, demonstrating nearly 5% growth rate every year since 2015. Similarly, e-commerce industry in India and China is has been demonstrating double-digit growth since the past few years. The two countries are expected to remain the most lucrative markets on account of rapidly growing retail and transportation & logistics sectors here. The Asia Pacific region is closely followed by North America due to higher adoption in applications such as livestock tracking, pet tracking and personnel tracking. North America is expected to register robust growth rate due to rapidly growing penetration of UHF RFID systems here.

New Product Development for Serving Multiple End-use Verticals to Remain the Key Strategy

The overall RFID tags market is competitive in nature and characterized by large number of regional as well as international players. Major market players have emphasis on product enhancement in accordance with the latest RFID standards and booming RFID applications. Due to continued adoption of UHF RFID (RAIN RFID) systems in the industry, market players are more inclined towards introducing UHF RFID tags. The report provides detailed profiles of the major market players including Zebra Technologies Corporation, Impinj, Inc., Alien Technology Corporation, Invengo Technology Pte. Ltd., Honeywell International, Inc., GAO RFID, Inc., NXP Semiconductors N.V., SATO Holdings Corporation, Omni-ID Ltd., HID Global Corporation, SMARTRAC N.V., Confidex Ltd. and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of RFID Tags market are as follows:
  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the RFID Tags market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Segmentation

Product

  • Active RFID Tags
  • Passive RFID Tags
  • Semi-passive RFID Tags

Frequency

  • Low Frequency (LF) RFID Tags
  • High Frequency (HF) RFID Tags
  • Ultra-high Frequency (UHF) RFID Tags

Industry Vertical

  • Apparel & Retail
  • Transportation & Logistics
  • Industrial Manufacturing
  • Pharmaceuticals & Healthcare
  • Automotive
  • Agriculture & Livestock
  • Others (Oil & Gas, Government etc.)

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of RFID Tags market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the RFID Tags market?
  • Which is the largest regional market for RFID Tags market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving RFID Tags market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the RFID Tags market worldwide?


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Table of Contents

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. Key Offerings
1.2. Market Segmentation
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.3.5. Approach Adopted
2. Executive Summary
2.1. Market Snapshot: Global RFID Tags Market
2.2. Global RFID Tags Market, By Product, 2021 (US$ Million)
2.3. Global RFID Tags Market, By Frequency, 2021 (US$ Million)
2.4. Global RFID Tags Market, By Industry Vertical, 2021 (US$ Million)
2.5. Global RFID Tags Market, By Geography, 2021 (US$ Million)
2.6. Impact of Covid 19
2.7. Attractive Investment Proposition by Geography, 2021
2.8. Competitive Analysis
2.8.1. Market Positioning of Key RFID Tags Market Vendors
2.8.2. Strategies Adopted by RFID Tags Market Vendors
2.8.3. Key Industry Strategies
3. RFID Tags Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global RFID Tags Market Value, 2020 - 2030, (US$ Million)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
4. RFID Tags Market: By Product, 2020-2030, USD (Million)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Active RFID Tags
4.3.2. Passive RFID Tags
4.3.3. Semi-passive RFID Tags
5. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Low Frequency (LF) RFID Tags
5.3.2. High Frequency (HF) RFID Tags
5.3.3. Ultra-high Frequency (UHF) RFID Tags
6. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Apparel & Retail
6.3.2. Transportation & Logistics
6.3.3. Industrial Manufacturing
6.3.4. Pharmaceuticals & Healthcare
6.3.5. Automotive
6.3.6. Agriculture & Livestock
6.3.7. Others (Oil & Gas, Government etc.)
7. North America RFID Tags Market, 2020-2030, USD (Million)
7.1. Market Overview
7.2. RFID Tags Market: By Product, 2020-2030, USD (Million)
7.3. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
7.4. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
7.5.RFID Tags Market: By Region, 2020-2030, USD (Million)
7.5.1.North America
7.5.1.1. U.S.
7.5.1.2. Canada
7.5.1.3. Rest of North America
8. UK and European Union RFID Tags Market, 2020-2030, USD (Million)
8.1. Market Overview
8.2. RFID Tags Market: By Product, 2020-2030, USD (Million)
8.3. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
8.4. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
8.5.RFID Tags Market: By Region, 2020-2030, USD (Million)
8.5.1.UK and European Union
8.5.1.1. UK
8.5.1.2. Germany
8.5.1.3. Spain
8.5.1.4. Italy
8.5.1.5. France
8.5.1.6. Rest of Europe
9. Asia Pacific RFID Tags Market, 2020-2030, USD (Million)
9.1. Market Overview
9.2. RFID Tags Market: By Product, 2020-2030, USD (Million)
9.3. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
9.4. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
9.5.RFID Tags Market: By Region, 2020-2030, USD (Million)
9.5.1.Asia Pacific
9.5.1.1. China
9.5.1.2. Japan
9.5.1.3. India
9.5.1.4. Australia
9.5.1.5. South Korea
9.5.1.6. Rest of Asia Pacific
10. Latin America RFID Tags Market, 2020-2030, USD (Million)
10.1. Market Overview
10.2. RFID Tags Market: By Product, 2020-2030, USD (Million)
10.3. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
10.4. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
10.5.RFID Tags Market: By Region, 2020-2030, USD (Million)
10.5.1.Latin America
10.5.1.1. Brazil
10.5.1.2. Mexico
10.5.1.3. Rest of Latin America
11. Middle East and Africa RFID Tags Market, 2020-2030, USD (Million)
11.1. Market Overview
11.2. RFID Tags Market: By Product, 2020-2030, USD (Million)
11.3. RFID Tags Market: By Frequency, 2020-2030, USD (Million)
11.4. RFID Tags Market: By Industry Vertical, 2020-2030, USD (Million)
11.5.RFID Tags Market: By Region, 2020-2030, USD (Million)
11.5.1.Middle East and Africa
11.5.1.1. GCC
11.5.1.2. Africa
11.5.1.3. Rest of Middle East and Africa
12. Company Profile
12.1. Zebra Technologies Corporation
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Impinj, Inc.
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. GAO RFID, Inc.
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Alien Technology Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. Honeywell International, Inc.
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Invengo Technology Pte. Ltd.
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. NXP Semiconductors NV
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. SATO Holdings Corporation
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Omni-ID Ltd.
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. HID Global Corporation
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives
12.11. SMARTRAC N.V.
12.11.1. Company Overview
12.11.2. Financial Performance
12.11.3. Product Portfolio
12.11.4. Strategic Initiatives
12.12. Confidex Ltd.
12.12.1. Company Overview
12.12.2. Financial Performance
12.12.3. Product Portfolio
12.12.4. Strategic Initiatives
List of Figures
Figure 1 Global RFID Tags Market: Market Coverage
Figure 2 Research Methodology and Data Sources
Figure 3 Market Size Estimation - Top Down & Bottom-Up Approach
Figure 4 Global RFID Tags Market: Quality Assurance
Figure 5 Global RFID Tags Market, By Product, 2021
Figure 6 Global RFID Tags Market, By Frequency, 2021
Figure 7 Global RFID Tags Market, By Industry Vertical, 2021
Figure 8 Global RFID Tags Market, By Geography, 2021
Figure 9 Global RFID Tags Market, By Product, 2021 Vs 2030, %
Figure 10 Global RFID Tags Market, By Frequency, 2021 Vs 2030, %
Figure 11 Global RFID Tags Market, By Industry Vertical, 2021 Vs 2030, %
Figure 12 U.S. RFID Tags Market (US$ Million), 2020 - 2030
Figure 13 Canada RFID Tags Market (US$ Million), 2020 - 2030
Figure 14 Rest of North America RFID Tags Market (US$ Million), 2020 - 2030
Figure 15 UK RFID Tags Market (US$ Million), 2020 - 2030
Figure 16 Germany RFID Tags Market (US$ Million), 2020 - 2030
Figure 17 Spain RFID Tags Market (US$ Million), 2020 - 2030
Figure 18 Italy RFID Tags Market (US$ Million), 2020 - 2030
Figure 19 France RFID Tags Market (US$ Million), 2020 - 2030
Figure 20 Rest of Europe RFID Tags Market (US$ Million), 2020 - 2030
Figure 21 China RFID Tags Market (US$ Million), 2020 - 2030
Figure 22 Japan RFID Tags Market (US$ Million), 2020 - 2030
Figure 23 India RFID Tags Market (US$ Million), 2020 - 2030
Figure 24 Australia RFID Tags Market (US$ Million), 2020 - 2030
Figure 25 South Korea RFID Tags Market (US$ Million), 2020 - 2030
Figure 26 Rest of Asia RFID Tags Market (US$ Million), 2020 - 2030
Figure 27 Brazil RFID Tags Market (US$ Million), 2020 - 2030
Figure 28 Mexico RFID Tags Market (US$ Million), 2020 - 2030
Figure 29 Rest of Latin America RFID Tags Market (US$ Million), 2020 - 2030
Figure 30 GCC RFID Tags Market (US$ Million), 2020 - 2030
Figure 31 Africa RFID Tags Market (US$ Million), 2020 - 2030
Figure 32 Rest of Middle East and Africa RFID Tags Market (US$ Million), 2020 - 2030
List of Tables
Table 1 Global RFID Tags Market By Product, 2020-2030, USD (Million)
Table 2 Global RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 3 Global RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)
Table 4 North America RFID Tags Market By Product, 2020-2030, USD (Million)
Table 5 North America RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 6 North America RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)
Table 7 UK and European Union RFID Tags Market By Product, 2020-2030, USD (Million)
Table 8 UK and European Union RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 9 UK and European Union RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)
Table 10 Asia Pacific RFID Tags Market By Product, 2020-2030, USD (Million)
Table 11 Asia Pacific RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 12 Asia Pacific RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)
Table 13 Latin America RFID Tags Market By Product, 2020-2030, USD (Million)
Table 14 Latin America RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 15 Latin America RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)
Table 16 Middle East and Africa RFID Tags Market By Product, 2020-2030, USD (Million)
Table 17 Middle East and Africa RFID Tags Market By Frequency, 2020-2030, USD (Million)
Table 18 Middle East and Africa RFID Tags Market By Industry Vertical, 2020-2030, USD (Million)

Companies Mentioned

  • Zebra Technologies Corporation
  • Impinj Inc.
  • Alien Technology Corporation
  • Invengo Technology Pte. Ltd.
  • Honeywell International Inc.
  • GAO RFID Inc.
  • NXP Semiconductors N.V.
  • SATO Holdings Corporation
  • Omni-ID Ltd.
  • HID Global Corporation
  • SMARTRAC N.V.
  • Confidex Ltd.