Global Radiofrequency Identification (RFID) Tags Market Overview And Prospects

November 2, 2021November 2, 2021 by The Business Research Company

Learn about the global radiofrequency identification (RFID) tags market through The Business Research Company, which provides information on radiofrequency identification (RFID) tags market size, radiofrequency identification (RFID) tags market drivers and restraints, radiofrequency identification (RFID) tags market players, the COVID-19 impact on the radiofrequency identification (RFID) tags market, and more.

The global radio-frequency identification (RFID) tags market is expected to grow from $10.53 billion in 2020 to $12.21 billion in 2021 at a compound annual growth rate (CAGR) of 16%. The change in growth trend in the RFID tags market is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The RFID tags market is expected to reach $18.94 billion in 2025 at a CAGR of 11.6%.

The rising e-commerce and online retail sales are expected to drive radiofrequency identification (RFID) tags manufacturing, thus driving the market during the forecast period.

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The radio-frequency identification (RFID) tags market consists of sales of RFID tags by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves. 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.

Global radiofrequency identification (RFID) tags market segments include:

By Tag Type: Active RFID, Passive RFID

By Material: Plastic, Paper, Glass, Others

By Frequency: Low Frequency, High Frequency, Ultra High Frequency

By Application: Agriculture, Retail And Wholesale, Healthcare, BFSI, Transpiration And Logistics, Education, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the radio-frequency identification (RFID) tags market in 2020.

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.

TBRC’s radiofrequency identification (RFID) tags market report covers:

Major Market Players: 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.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

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

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Radiofrequency Identification (RFID) Tags Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides radiofrequency identification (RFID) tags market overviews, analyzes and forecasts market size, share, radiofrequency identification (RFID) tags market players, radiofrequency identification (RFID) tags market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s radiofrequency identification (RFID) tags market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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