Data Bridge Market Research analyses that the Radio-Frequency Identification (RFID) Tags Market was valued at USD 11.21 billion in 2021 and is expected to reach USD 23.24 billion by 2029, registering a CAGR of 9.54 % during the forecast period of 2022 to 2029.
Industry Analysis
Radio frequency identification (RFID) tags are an important part of daily life and the use of this technology growing continuously. Consider, the tag on a bottle of alcohol at the store intended to discourage stealing, the small device or sticker on a car windshield those are all RFID tags. Though most RFID tags are used for Tack packages or merchandise, they can also be used to help track patients or pets in hospital settings.
In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
RFID tags are a type of tracking system which uses radio frequency to track, search, identify, and connect with people and items. Essentially, RFID tags are smart tags which can store a range of information with the help of serial numbers, to an even pages of data and even short description. Some RFID tags include cryptographic security which is used for a high level of authentication and verification. RFID tags are generally identified by their radio frequencies and ultra-high frequency (UHF), frequency (LF), high frequency (HF).
Global Radio-Frequency Identification (RFID) Tags Market Scope
The radio-frequency identification (RFID) tags market is segmented on the basis of water size, tag type, form factor, material, frequency and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Wafer Size
· 200mm
· 300mm
· Others
Tag Type
· Passive RFID
· Active RFID
Form Factor
· Button
· Card
· Implants
· Key Fob
· Label
· Paper Tickets
· Wristband
· Others
Material
· Plastic
· Paper
· Metal
· Glass
· Others
Frequency
· Low Frequency
· High Frequency
· Ultra-High Frequency
· Active Ultra-High Frequency
Application
· Agriculture
· Commercial
· Transportation
· Healthcare
· Logistic and Supply Chain
· Aerospace, Defence
· Retail, Security and Access Control
· Sports
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Radio-Frequency Identification (RFID) Tags Market Regional Analysis/Insights
The radio-frequency identification (RFID) tags market is analysed and market size insights and trends are provided by country, water size, tag type, form factor, material, frequency and application as referenced above.
The countries covered in the radio-frequency identification (RFID) tags market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
North America dominates the radio-frequency identification (RFID) tags market in terms of revenue and market share during the forecast period. This is due to the escalating demand for radio-frequency identification (RFID) tags in this region. North America region leads the radio-frequency identification (RFID) tags market due to the growth of retail industry and rising government initiatives for the adoption of RFID tags in this region.
During the projected period, Asia-Pacific is anticipated to be the fastest developing region because rapid urbanization, growth of population and rising industrial expansion in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Radio-Frequency Identification (RFID) Tags Market Share Analysis
The radio-frequency identification (RFID) tags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to radio-frequency identification (RFID) tags market.
Some of the major players operating in the radio-frequency identification (RFID) tags market are:
· NXP Semiconductors (Netherlands)
· Invengo Technology Pte. Ltd (Singapore)
· Honeywell International Inc (US)
· HID Global Corporation (US)
· Applied Wireless, Inc (US)
· OMNI-ID (US)
· CORERFID (UK)
· GAO RFID Inc (US)
· Caen RFID S.R.L (Italy)
· Alien Technology, LLC (US)
· Impinj, Inc (US)
· Avery Dennison Corporation (US)
· Zebra Technologies Corp (US)
· Tageos (France)
· Identiv, Inc. (US)
· GlobeRanger (US)
· Motorola Mobility LLC (US)
· Vizinex RFID (US)
· ASSA ABLOY (Sweden)
· RFID Global Solution (US)
· Checkpoint Systems, Inc (US)
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MAJOR TOC OF THE REPORT
Ø Chapter One: Introduction
Ø Chapter Two: Market Segmentation
Ø Chapter Three: Market Overview
Ø Chapter Four: Executive Summary
Ø Chapter Five: Premium Insights
Ø Chapter Six: Global Radio-Frequency Identification (RFID) Tags Market by Product & Procedure type
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