Discover trends, market shifts, and competitive outlooks for the radiofrequency identification (rfid) tags industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Projected CAGR for the Radiofrequency Identification (RFID) Tags Market Size from 2025 to 2034?

Over the past few years, the market size of radiofrequency identification (RFID) tags has seen substantial growth. Expectations are for the market to increase from $11.4 billion in 2024 to $12.2 billion in 2025, implying a compound annual growth rate (CAGR) of 6.9%. The growth seen in the previous years is chiefly attributable to the expansion of the industrial sector, the surge in e-commerce operations, and an increase in healthcare spending.

Over the coming years, the market for radiofrequency identification (RFID) tags is expected to significantly expand, with anticipated growth to an estimated worth of $17.83 billion by 2029, representing a compound annual growth rate (CAGR) of 10.0%. This growth during the anticipated timeframe can be ascribed to a number of factors, including increased usage of Internet of Things (IoT) technology, expansion of the e-commerce industry, higher healthcare spending, development within the industrial sector, the proliferation of smart cities, and the COVID-19 pandemic’s role in hastening RFID tag adoption across diverse industries. The projected period will also see several major trends, such as strategic acquisitions aimed at entering new markets and enhancing market share, the pursuit of technological advancement, and a strong emphasis on launching new products to augment potential revenue generation.

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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Radiofrequency Identification (RFID) Tags Market?

The escalating trend of online shopping and electronic retail transactions are poised to stimulate expansion in the RFID tags market in the projected timeline. The method of buying and selling of products and services via a computer network, chiefly the internet, also involves payment and information exchange, known as e-commerce. RFID technology extends a comprehensive view of the supply chain for e-commerce businesses, helping them locate the requirements to meet a customer’s demand. For example, in August 2024, as reported by the United States Census Bureau – a government agency in the US, retail e-commerce sales in the US for the second quarter of 2024 touched around $282.3 billion. This implied a growth of 5.3% compared to the first quarter of 2023. As a consequence, the escalating trend of online shopping and electronic retail transactions act as a catalyst for the expansion of the RFID tags market.

Which Key Market Segments Comprise the Radiofrequency Identification (RFID) Tags Market and Drive Its Revenue Growth?

The radiofrequency identification (RFID) tags market covered in this report is segmented –

1) By Tag Type: Active RFID, Passive RFID

2) By Material: Plastic, Paper, Glass, Metal, Other Materials

3) By Frequency: Low Frequency, High Frequency, Ultra High Frequency

4) By Application: AIndustrial, Retail and Wholesale, Healthcare, BFSI, Transpiration And Logistics, Government, Other Applications

Subsegments:

1) By Active RFID: Battery-Powered Active RFID Tags, Semi-Passive RFID Tags (Battery-Assisted Passive Tags), Real-Time Location System (RTLS) Tags

2) By Passive RFID: High-Frequency (HF) Passive RFID Tags, Low-Frequency (LF) Passive RFID Tags, Ultra-High Frequency (UHF) Passive RFID Tags, NFC (Near Field Communication) Tags, On-Metal Passive RFID Tags

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Which Areas Are Leading Regions in the Radiofrequency Identification (RFID) Tags Market Expansion Across the Globe?

North America was the largest region in the radio-frequency identification (RFID) tags market in 2024. The regions covered in the radiofrequency identification (RFID) tags market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Market Trends in theRadiofrequency Identification (RFID) Tags Market Over the Coming Years?

The increasing trend in the market is the incorporation of advanced technologies such as Internet of Things (IoT) and Big Data by RFID firms. IoT allows RFID tags to connect objects into a network and enables them to generate and transmit data. This aids in real-time tracking of tagged objects and the establishment of a network of interconnected devices providing live updates about their location, state, and quantity. For instance, in February 2023, Omni-ID, a US firm active in the field of passive industrial radio frequency identification (RFID) tags, launched a new series of IoT devices enabled with Bluetooth Low Energy (BLE) and Long Range (LoRa). These devices capitalize on a broad array of sensors and use RFID tags to broadcast situational and status data, thereby improving Asset Management & Logistics processes within a company.

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How Is the Radiofrequency Identification (RFID) Tags Market Conceptually Defined?

Radiofrequency Identification (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.

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