Global Radio-Frequency Identification (RFID) Tags Market Overview And Prospects – Includes Radio-Frequency Identification (RFID) Tags Market Research
Learn about the global radio-frequency identification (RFID) tags market through The Business Research Company, which provides information on radio-frequency identification (RFID) tags market size, radio-frequency identification (RFID) tags market drivers and restraints, radio-frequency identification (RFID) tags market players, the COVID-19 impact on the radio-frequency identification (RFID) tags market, and more.
The radio-frequency identification (RFID) tags market is expected to grow from $8.89 billion in 2020 to $13.57 billion in 2025 at a rate of 8.8%. The global radio-frequency identification (RFID) tags market size is then expected to grow at a CAGR of 8.3% from 2025 and reach $20.19 billion in 2030.
IoT technology adoption by different industries is expected to drive the RFID tags market in the forecast period.
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The radio-frequency identification (RFID) tags market consists of sales of RFID tags and related services by entities (organizations, sole traders, and partnerships) that use hardware and software technologies allowing users to receive, store, and transmit data through radio-frequency waves. RFID tags are small devices (radio transponders) which that use electromagnetic fields to wirelessly transmit information about the objects they are attached to, to an RFID reader (or receiver which contains an antenna). RFID tags (or smart labels) transmit digital identification data to adjacent readers through radio waves and can store an array of data. ranging from a single serial number to multiple pages of information.
Global Radio-Frequency Identification (RFID) Tags Market Segments Include:
By Tag Type: Active RFID, Passive RFID
By Material: Plastic, Paper, Glass, Metal, 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 global radio-frequency identification (RFID) tags market, accounting for 34.6% of the total in 2021
Technological advancements are an inevitable dimension driving improvements in RFID tags
TBRC’s Radio-Frequency Identification (RFID) Tags Market Report Covers:
Major Market Players: Avery Dennison Corporation, Honeywell International Inc., NXP Semiconductors N.V., Identiv, Inc., Zebra Technologies Corporation.
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 (2016-21) and ten years forecast (2022-2026-2031)
The Radio-Frequency Identification (RFID) Tags Market Report 2022 is one of a series of new reports from The Business Research Company that provides radio-frequency identification (RFID) tags market overviews, analyzes and forecasts market size, share, radio-frequency identification (RFID) tags market players, radio-frequency identification (RFID) tags market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s radio-frequency 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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