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RFID Tags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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    Report

  • 249 Pages
  • November 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 6027522
Description Jump to:
The global RFID (Radio Frequency Identification) Tags Market is on an upward trajectory, projected to grow from US$ 13.4 Billion in 2023 to US$ 27.8 Billion by 2031. With an estimated valuation of US$ 14 Billion in 2024, the market is expected to achieve a CAGR of 10.3% between 2024 and 2031. The market's growth is fueled by increasing demand for automated tracking, data collection, and inventory management in sectors like retail, healthcare, logistics, and manufacturing.

RFID tags, comprising 20% of the global RFID market, are compact electronic devices featuring a microchip and antenna that enable wireless identification and tracking. This technology provides real-time asset tracking and improved supply chain visibility, driving its adoption across industries. RFID tags are available as passive tags, which depend on energy from a reader, and active tags, which have their own power source and support long-range tracking.

Market Drivers

1. IoT Integration as a Key Growth Driver:

The widespread adoption of Internet of Things (IoT) devices has significantly boosted demand for RFID technology. IoT devices enable seamless communication and.

2. Retail Sector’s Embrace of RFID Technology:

Retailers in the United States are increasingly utilizing RFID tags to optimize inventory management and boost operational efficiency. The country plays a significant role in driving the growth of the RFID market, reflecting its strong adoption across various sectors.

Business Opportunities

  • India’s Regulatory Push: Initiatives like the National RFID Program are fueling adoption. This program tags livestock and fish, improving disease management and food safety. Additionally, mandatory RFID usage at toll plazas has streamlined traffic management and toll collection.
  • France’s Diverse Applications: RFID is used extensively in retail for inventory checks, in logistics for shipment tracking, and in healthcare for managing medical equipment. These applications have driven market expansion in France, contributing to significant growth.

Regional Analysis

  • North America: Maintains its leading position, driven by retail and logistics adoption.
  • Europe: Key growth markets include France, where RFID is widely applied across industries.
  • Asia-Pacific: India’s regulatory and industrial advancements are accelerating RFID adoption.

Category-Wise Insights

1. Active RFID Tags Dominate Market Share:

Active RFID tags are widely favored for their longer read ranges and real-time tracking capabilities. These features make them particularly suitable for applications such as warehouses, logistics, and large-scale asset tracking, where extended range and immediate data access are crucial.

2. Retail and Consumer Goods Sector Driving Growth:

The retail sector’s adoption of RFID technology for inventory management has significantly improved accuracy, minimized stockouts, and enhanced the overall customer experience. This segment is expected to witness substantial growth over the forecast period due to the increasing demand for efficient inventory solutions.

Competitive Analysis

Market leaders are innovating and expanding their reach to meet growing demand:

  • Zebra Technologies Corp
  • Omni-Id, Inc.
  • GAO RFID Inc.
  • Impinj, Inc.
  • Alien Technology
  • Confidex Ltd
  • Honeywell International
  • Invengo Information Technology Co. Ltd.
  • NXP Semiconductors
  • HID Global Corporation
  • SMARTRAC N.V

RFID Tags Market Segmentation

By Working Type:

  • Active RFID Tags
  • Passive RFID Tags

By Frequency Band:

  • Low Frequency
  • High Frequency
  • Ultra High Frequency
  • Microwave Frequency

By Application:

  • Logistic & Transportation
  • Retail & Consumer Goods
  • Automotive
  • Government
  • Healthcare & Medical
  • Agriculture, Farming & Livestock
  • Aerospace & Defence
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

This product will be delivered within 1-3 business days.

Table of Contents

1. Executive Summary
1.1. Global RFID Tags Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2024
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global RFID Tags Market Outlook, 2019 - 2031
3.1. Global RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
3.1.1. Key Highlights
3.1.1.1. Active RFID Tags
3.1.1.2. Passive RFID Tags
3.2. Global RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
3.2.1. Key Highlights
3.2.1.1. Low Frequency
3.2.1.2. High Frequency
3.2.1.3. Ultra High Frequency
3.2.1.4. Microwave Frequency
3.3. Global RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
3.3.1. Key Highlights
3.3.1.1. Logistic & Transportation
3.3.1.2. Retail & Consumer Goods
3.3.1.3. Automotive
3.3.1.4. Government
3.3.1.5. Healthcare & Medical
3.3.1.6. Agriculture, Farming & Livestock
3.3.1.7. Aerospace & Defence
3.3.1.8. Others
3.4. Global RFID Tags Market Outlook, by Region, Value (US$ Bn), 2019 - 2031
3.4.1. Key Highlights
3.4.1.1. North America
3.4.1.2. Europe
3.4.1.3. Asia Pacific
3.4.1.4. Latin America
3.4.1.5. Middle East & Africa
4. North America RFID Tags Market Outlook, 2019 - 2031
4.1. North America RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
4.1.1. Key Highlights
4.1.1.1. Active RFID Tags
4.1.1.2. Passive RFID Tags
4.2. North America RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
4.2.1. Key Highlights
4.2.1.1. Low Frequency
4.2.1.2. High Frequency
4.2.1.3. Ultra High Frequency
4.2.1.4. Microwave Frequency
4.3. North America RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
4.3.1. Key Highlights
4.3.1.1. Logistic & Transportation
4.3.1.2. Retail & Consumer Goods
4.3.1.3. Automotive
4.3.1.4. Government
4.3.1.5. Healthcare & Medical
4.3.1.6. Agriculture, Farming & Livestock
4.3.1.7. Aerospace & Defence
4.3.1.8. Others
4.3.2. BPS Analysis/Market Attractiveness Analysis
4.4. North America RFID Tags Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
4.4.1. Key Highlights
4.4.1.1. U.S. RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
4.4.1.2. U.S. RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
4.4.1.3. U.S. RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
4.4.1.4. Canada RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
4.4.1.5. Canada RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
4.4.1.6. Canada RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
4.4.2. BPS Analysis/Market Attractiveness Analysis
5. Europe RFID Tags Market Outlook, 2019 - 2031
5.1. Europe RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
5.1.1. Key Highlights
5.1.1.1. Active RFID Tags
5.1.1.2. Passive RFID Tags
5.2. Europe RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
5.2.1. Key Highlights
5.2.1.1. Low Frequency
5.2.1.2. High Frequency
5.2.1.3. Ultra High Frequency
5.2.1.4. Microwave Frequency
5.3. Europe RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
5.3.1. Key Highlights
5.3.1.1. Logistic & Transportation
5.3.1.2. Retail & Consumer Goods
5.3.1.3. Automotive
5.3.1.4. Government
5.3.1.5. Healthcare & Medical
5.3.1.6. Agriculture, Farming & Livestock
5.3.1.7. Aerospace & Defence
5.3.1.8. Others
5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Europe RFID Tags Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
5.4.1. Key Highlights
5.4.1.1. Germany RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.2. Germany RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.3. Germany RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.4. U.K. RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.5. U.K. RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.6. U.K. RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.7. France RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.8. France RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.9. France RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.10. Italy RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.11. Italy RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.12. Italy RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.13. Turkey RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.14. Turkey RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.15. Turkey RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.16. Russia RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.17. Russia RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.18. Russia RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.1.19. Rest of Europe RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
5.4.1.20. Rest of Europe RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
5.4.1.21. Rest of Europe RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
5.4.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific RFID Tags Market Outlook, 2019 - 2031
6.1. Asia Pacific RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
6.1.1. Key Highlights
6.1.1.1. Active RFID Tags
6.1.1.2. Passive RFID Tags
6.2. Asia Pacific RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
6.2.1. Key Highlights
6.2.1.1. Low Frequency
6.2.1.2. High Frequency
6.2.1.3. Ultra High Frequency
6.2.1.4. Microwave Frequency
6.3. Asia Pacific RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
6.3.1. Key Highlights
6.3.1.1. Logistic & Transportation
6.3.1.2. Retail & Consumer Goods
6.3.1.3. Automotive
6.3.1.4. Government
6.3.1.5. Healthcare & Medical
6.3.1.6. Agriculture, Farming & Livestock
6.3.1.7. Aerospace & Defence
6.3.1.8. Others
6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. Asia Pacific RFID Tags Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
6.4.1. Key Highlights
6.4.1.1. China RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.2. China RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.3. China RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.4. Japan RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.5. Japan RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.6. Japan RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.7. South Korea RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.8. South Korea RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.9. South Korea RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.10. India RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.11. India RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.12. India RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.13. Southeast Asia RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.14. Southeast Asia RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.15. Southeast Asia RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.1.16. Rest of Asia Pacific RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
6.4.1.17. Rest of Asia Pacific RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
6.4.1.18. Rest of Asia Pacific RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
6.4.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America RFID Tags Market Outlook, 2019 - 2031
7.1. Latin America RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
7.1.1. Key Highlights
7.1.1.1. Active RFID Tags
7.1.1.2. Passive RFID Tags
7.2. Latin America RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
7.2.1. Key Highlights
7.2.1.1. Low Frequency
7.2.1.2. High Frequency
7.2.1.3. Ultra High Frequency
7.2.1.4. Microwave Frequency
7.3. Latin America RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
7.3.1. Key Highlights
7.3.1.1. Logistic & Transportation
7.3.1.2. Retail & Consumer Goods
7.3.1.3. Automotive
7.3.1.4. Government
7.3.1.5. Healthcare & Medical
7.3.1.6. Agriculture, Farming & Livestock
7.3.1.7. Aerospace & Defence
7.3.1.8. Others
7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Latin America RFID Tags Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
7.4.1. Key Highlights
7.4.1.1. Brazil RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
7.4.1.2. Brazil RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
7.4.1.3. Brazil RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.4. Mexico RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
7.4.1.5. Mexico RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
7.4.1.6. Mexico RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.7. Argentina RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
7.4.1.8. Argentina RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
7.4.1.9. Argentina RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
7.4.1.10. Rest of Latin America RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
7.4.1.11. Rest of Latin America RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
7.4.1.12. Rest of Latin America RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
7.4.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa RFID Tags Market Outlook, 2019 - 2031
8.1. Middle East & Africa RFID Tags Market Outlook, by Working Type, Value (US$ Bn), 2019 - 2031
8.1.1. Key Highlights
8.1.1.1. Active RFID Tags
8.1.1.2. Passive RFID Tags
8.2. Middle East & Africa RFID Tags Market Outlook, by Frequency Band, Value (US$ Bn), 2019 - 2031
8.2.1. Key Highlights
8.2.1.1. Low Frequency
8.2.1.2. High Frequency
8.2.1.3. Ultra High Frequency
8.2.1.4. Microwave Frequency
8.3. Middle East & Africa RFID Tags Market Outlook, by Application, Value (US$ Bn), 2019 - 2031
8.3.1. Key Highlights
8.3.1.1. Logistic & Transportation
8.3.1.2. Retail & Consumer Goods
8.3.1.3. Automotive
8.3.1.4. Government
8.3.1.5. Healthcare & Medical
8.3.1.6. Agriculture, Farming & Livestock
8.3.1.7. Aerospace & Defence
8.3.1.8. Others
8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Middle East & Africa RFID Tags Market Outlook, by Country, Value (US$ Bn), 2019 - 2031
8.4.1. Key Highlights
8.4.1.1. GCC RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
8.4.1.2. GCC RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
8.4.1.3. GCC RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.4. South Africa RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
8.4.1.5. South Africa RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
8.4.1.6. South Africa RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.7. Egypt RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
8.4.1.8. Egypt RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
8.4.1.9. Egypt RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.10. Nigeria RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
8.4.1.11. Nigeria RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
8.4.1.12. Nigeria RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
8.4.1.13. Rest of Middle East & Africa RFID Tags Market by Working Type, Value (US$ Bn), 2019 - 2031
8.4.1.14. Rest of Middle East & Africa RFID Tags Market by Frequency Band, Value (US$ Bn), 2019 - 2031
8.4.1.15. Rest of Middle East & Africa RFID Tags Market by Application, Value (US$ Bn), 2019 - 2031
8.4.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. By Working band vs by Frequency Band Heat map
9.2. Company Market Share Analysis, 2024
9.3. Competitive Dashboard
9.4. Company Profiles
9.4.1. Zebra Technologies Corp.
9.4.1.1. Company Overview
9.4.1.2. Product Portfolio
9.4.1.3. Financial Overview
9.4.1.4. Business Strategies and Development
9.4.2. Omni-Id, Inc.
9.4.2.1. Company Overview
9.4.2.2. Product Portfolio
9.4.2.3. Financial Overview
9.4.2.4. Business Strategies and Development
9.4.3. GAO RFID Inc.
9.4.3.1. Company Overview
9.4.3.2. Product Portfolio
9.4.3.3. Financial Overview
9.4.3.4. Business Strategies and Development
9.4.4. Impinj, Inc.
9.4.4.1. Company Overview
9.4.4.2. Product Portfolio
9.4.4.3. Financial Overview
9.4.4.4. Business Strategies and Development
9.4.5. Alien Technology
9.4.5.1. Company Overview
9.4.5.2. Product Portfolio
9.4.5.3. Financial Overview
9.4.5.4. Business Strategies and Development
9.4.6. Confidex Ltd
9.4.6.1. Company Overview
9.4.6.2. Product Portfolio
9.4.6.3. Financial Overview
9.4.6.4. Business Strategies and Development
9.4.7. Honeywell International
9.4.7.1. Company Overview
9.4.7.2. Product Portfolio
9.4.7.3. Financial Overview
9.4.7.4. Business Strategies and Development
9.4.8. Invengo Information Technology Co. Ltd.
9.4.8.1. Company Overview
9.4.8.2. Product Portfolio
9.4.8.3. Financial Overview
9.4.8.4. Business Strategies and Development
9.4.9. NXP Semiconductors
9.4.9.1. Company Overview
9.4.9.2. Product Portfolio
9.4.9.3. Financial Overview
9.4.9.4. Business Strategies and Development
9.4.10. HID Global Corporation
9.4.10.1. Company Overview
9.4.10.2. Product Portfolio
9.4.10.3. Financial Overview
9.4.10.4. Business Strategies and Development
9.4.11. SMARTRAC N.V.
9.4.11.1. Company Overview
9.4.11.2. Product Portfolio
9.4.11.3. Financial Overview
9.4.11.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned

  • Zebra Technologies Corp
  • Omni-Id, Inc.
  • GAO RFID Inc.
  • Impinj, Inc.
  • Alien Technology
  • Confidex Ltd
  • Honeywell International
  • Invengo Information Technology Co. Ltd.
  • NXP Semiconductors
  • HID Global Corporation
  • SMARTRAC N.V

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