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Radiofrequency Identification (RFID) Tags Global Market Report 2023

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    Report

  • 200 Pages
  • March 2023
  • Region: Global
  • The Business Research Company
  • ID: 5767530
RFID tags are small devices with a chip and an antenna that may be used to wirelessly identify the objects they are attached to by using an RFID reader. RFID tags transmit their identification, track, and communicate information to adjacent readers through radio waves, and can store a variety of data ranging from a single serial number to multiple pages of information. It uses that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves.

The main types of radio-frequency identification (RFID) tags are active RFID and passive RFID. The active RFID tags are battery-powered sensor tags that connect to various access points throughout an area (such as a building) and transfer data to the cloud. Active RFID is frequently used in real-time location tracking. The different materials include plastic, paper, glass, others and operate in various frequencies such as low frequency, high frequency, ultra-high frequency. It is used in several applications including agriculture, retail and wholesale, healthcare, BFSI, transpiration and logistics, education, and others.

The global radiofrequency identification (RFID) tags market grew from $10.3 billion in 2022 to $11.46 billion in 2023 at a compound annual growth rate (CAGR) of 11.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The radiofrequency identification (RFID) tags market is expected to grow to $15.72 billion in 2027 at a CAGR of 8.2%.

The radio-frequency identification (RFID) tags market research report is one of a series of new reports that provides radio-frequency identification (RFID) tags market statistics, including radio-frequency identification (RFID) tags industry global market size, regional shares, competitors with a radio-frequency identification (RFID) tags market share, detailed radio-frequency identification (RFID) tags market segments, market trends and opportunities, and any further data you may need to thrive in the radio-frequency identification (RFID) tags industry. This radio-frequency identification (RFID) tags market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

RFID companies are increasingly implementing advanced technologies such as IoT and Big Data which is a growing trend in the market. With the help of IoT, RFID tags can connect objects into a network and make them create and send data. It assists in the real-time monitoring of tagged objects and the creation of a system of connected devices that broadcast information about their position, conditions, and quantities in real-time. For instance, in February 2020, Omni-ID, a US-based company operating in passive industrial radio frequency identification (RFID) tags, introduced a new range of Bluetooth Low Energy (BLE) and Long Range (LoRa) enabled IoT devices that utilize a comprehensive set of sensors with the ability to transmit situational and status data using Radiofrequency Identification (RFID) tags to enhance asset Management & Logistics process in an organization.

In May 2022, HID Global, a US-based manufacturer of secure identity products acquired Vizinex RFID for an undisclosed amount. Through this acquisition, HID Global aims to expand its RFID tag portfolio in healthcare/medical, manufacturing, oil & gas, data centers, and others. Vizinex RFID is a US-based company operating in RFID tags.

North America was the largest region in the radio-frequency identification (RFID) tags market in 2022. The regions covered in the radiofrequency identification (RFID) tags report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the radiofrequency identification (RFID) tags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information. RFID technology gives e-commerce organizations a better picture of the supply chain, allowing them to find what they need to fulfill a customer's request. For instance, according to the United Nations Conference on Trade and Development (UNCTAD) report, a Switzerland-based intergovernmental organization for trade and development, in 2020, the worldwide share of sales of online retail increased from 16% in 2019 to 19% in 2020. Therefore, the rising e-commerce and online retail sales drive the growth of the RFID tags market.

The radiofrequency identification (RFID) tags market consists of sales scanning antenna, a transceiver and a transponder .Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Major players in the radiofrequency identification (RFID) tags market are Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj Inc., Invengo Technology Pte. Ltd., ams AG, Atmel Corp, Alien Technology, Smartrac N.V., GAO RFID Inc., The Tag Factory, and MOJIX.



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Frequently Asked Questions about the Global Radiofrequency Identification (RFID) Tags Market

What is the estimated value of the Global Radiofrequency Identification (RFID) Tags Market?

The Global Radiofrequency Identification (RFID) Tags Market was estimated to be valued at $11.46 billion in 2023.

What is the growth rate of the Global Radiofrequency Identification (RFID) Tags Market?

The growth rate of the Global Radiofrequency Identification (RFID) Tags Market is 8.2%, with an estimated value of $15.72 billion by 2027.

What is the forecasted size of the Global Radiofrequency Identification (RFID) Tags Market?

The Global Radiofrequency Identification (RFID) Tags Market is estimated to be worth $15.72 billion by 2027.

Who are the key companies in the Global Radiofrequency Identification (RFID) Tags Market?

Key companies in the Global Radiofrequency Identification (RFID) Tags Market include Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj, Invengo Technology Pte. Ltd., ams AG, Atmel Corp, Alien Technology and Smartrac N.V..

Table of Contents

1. Executive Summary

2. Radiofrequency Identification (RFID) Tags Market Characteristics

3. Radiofrequency Identification (RFID) Tags Market Trends And Strategies

4. Radiofrequency Identification (RFID) Tags Market - Macro Economic Scenario
4.1 COVID-19 Impact On Radiofrequency Identification (RFID) Tags Market
4.2 Ukraine-Russia War Impact On Radiofrequency Identification (RFID) Tags Market
4.3 Impact Of High Inflation On Radiofrequency Identification (RFID) Tags Market

5. Radiofrequency Identification (RFID) Tags Market Size And Growth
5.1. Global Radiofrequency Identification (RFID) Tags Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Radiofrequency Identification (RFID) Tags Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Radiofrequency Identification (RFID) Tags Market Segmentation
6.1. Global Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Active RFID
  • Passive RFID
6.2. Global Radiofrequency Identification (RFID) Tags Market, Segmentation By Material, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Plastic
  • Paper
  • Glass
  • Other Materials
6.3. Global Radiofrequency Identification (RFID) Tags Market, Segmentation By Frequency , Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Low Frequency
  • High Frequency
  • Ultra High Frequency
6.4. Global Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Agriculture
  • Retail And Wholesale
  • Healthcare
  • BFSI
  • Transpiration And Logistics
  • Education
  • Other Applications
7. Radiofrequency Identification (RFID) Tags Market Regional And Country Analysis
7.1. Global Radiofrequency Identification (RFID) Tags Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Radiofrequency Identification (RFID) Tags Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Radiofrequency Identification (RFID) Tags Market
8.1. Asia-Pacific Radiofrequency Identification (RFID) Tags Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8.3. Asia-Pacific Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Radiofrequency Identification (RFID) Tags Market
9.1. China Radiofrequency Identification (RFID) Tags Market Overview
9.2. China Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
9.3. China Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Radiofrequency Identification (RFID) Tags Market
10.1. India Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
10.2. India Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Radiofrequency Identification (RFID) Tags Market
11.1. Japan Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11.2. Japan Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Radiofrequency Identification (RFID) Tags Market
12.1. Australia Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12.2. Australia Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Radiofrequency Identification (RFID) Tags Market
13.1. Indonesia Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13.2. Indonesia Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Radiofrequency Identification (RFID) Tags Market
14.1. South Korea Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14.2. South Korea Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Radiofrequency Identification (RFID) Tags Market
15.1. Western Europe Radiofrequency Identification (RFID) Tags Market Overview
15.2. Western Europe Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15.3. Western Europe Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Radiofrequency Identification (RFID) Tags Market
16.1. UK Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16.2. UK Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Radiofrequency Identification (RFID) Tags Market
17.1. Germany Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17.2. Germany Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Radiofrequency Identification (RFID) Tags Market
18.1. France Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18.2. France Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Radiofrequency Identification (RFID) Tags Market
19.1. Eastern Europe Radiofrequency Identification (RFID) Tags Market Overview
19.2. Eastern Europe Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19.3. Eastern Europe Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Radiofrequency Identification (RFID) Tags Market
20.1. Russia Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20.2. Russia Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Radiofrequency Identification (RFID) Tags Market
21.1. North America Radiofrequency Identification (RFID) Tags Market Overview
21.2. North America Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21.3. North America Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Radiofrequency Identification (RFID) Tags Market
22.1. USA Radiofrequency Identification (RFID) Tags Market Overview
22.2. USA Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22.3. USA Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Radiofrequency Identification (RFID) Tags Market
23.1. South America Radiofrequency Identification (RFID) Tags Market Overview
23.2. South America Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23.3. South America Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Radiofrequency Identification (RFID) Tags Market
24.1. Brazil Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24.2. Brazil Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Radiofrequency Identification (RFID) Tags Market
25.1. Middle East Radiofrequency Identification (RFID) Tags Market Overview
25.2. Middle East Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25.3. Middle East Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Radiofrequency Identification (RFID) Tags Market
26.1. Africa Radiofrequency Identification (RFID) Tags Market Overview
26.2. Africa Radiofrequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26.3. Africa Radiofrequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Radiofrequency Identification (RFID) Tags Market Competitive Landscape And Company Profiles
27.1. Radiofrequency Identification (RFID) Tags Market Competitive Landscape
27.2. Radiofrequency Identification (RFID) Tags Market Company Profiles
27.2.1. Avery Dennison
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Zebra Technologies
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Honeywell
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. NXP Semiconductors
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Impinj Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Radiofrequency Identification (RFID) Tags Market

29. Radiofrequency Identification (RFID) Tags Market Future Outlook and Potential Analysis

30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer

Executive Summary

Radiofrequency Identification (RFID) Tags Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on radiofrequency identification (rfid) tags market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for radiofrequency identification (rfid) tags? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radiofrequency identification (rfid) tags market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Tag Type: Active RFID; Passive RFID
2) By Material: Plastic; Paper; Glass; Other Materials
3) By Frequency: Low Frequency; High Frequency; Ultra High Frequency
4) By Application: Agriculture; Retail And Wholesale; Healthcare; BFSI; Transpiration And Logistics; Education; Other Applications

Companies Mentioned: Avery Dennison; Zebra Technologies; Honeywell; NXP Semiconductors; Impinj

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Avery Dennison
  • Zebra Technologies
  • Honeywell
  • NXP Semiconductors
  • Impinj
  • Invengo Technology Pte. Ltd.
  • ams AG
  • Atmel Corp
  • Alien Technology
  • Smartrac N.V.
  • GAO RFID Inc.
  • The Tag Factory
  • MOJIX

Methodology

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