Retail RFID Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2028: The key players are Avery Dennison Corporation and Zebra Technologies Corp.

The Retail RFID Market was valued at US$7.475 billion in 2021.

The prime factors propelling the retail RFID market growth are the introduction of new government policies to advance the employment of AIDC technology across different sectors and the gradual evolution of RFID technology resulting in lower costs.

As per the report, the retail RFID market is expected to grow steadily.

Radio Frequency Identification is a computerized identification system that uses non-contact wireless radio frequency transmissions by including information that is digitally encoded in RFID tags or smart labels and can be decoded by a reader through radio waves. A fixed or mobile reader processes data from an RFID tag and stores it in a tracking database to operate an RFID asset tracking system. The data detection and transfer processes from minute chips in RFID tags to a reader with an antenna require the application of radio waves in RFID tracking. The asset tracking system gets the information from the RFID reader, processes it, saves it, and acts accordingly. Using RFID in the retail sector provides several benefits to conventional businesses and potentially enhances the consumer shopping experience.

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The Retail RFID Market has been segmented into components, type, applications, and geography.

Based on components, the retail RFID market has been categorized into RFID tags, reader hardware, support & services, and testing and certification. RFID tags hold a major proportion of the retail RFID market, component-wise. Being the fundamental component of the retail RFID system, the expansion of the universal retail RFID is directly proportional to the increase in the demand for RFID tags. The enhanced digital storage space and the effectiveness of RFID tags in adverse environmental conditions have resulted in substituting barcodes and QR codes with RFID tags in the retail sector.

Depending on the type, the retail RFID market has been segmented into fixed and mobile readers. Retail companies, while dealing with their transportation and logistics department, utilize mobile or portable readers and use fixed readers in their stores.

Based on application, the market division has been done into inventory tracking, store operations, and customer experience. The use of the RFID system in inventory tracking enables the automation of menial jobs in the inventory. It helps lower the staff's workload, whereas using the RFID system in customer services assists in automating the checkout procedures across stores.

By region, North America is expected to retain a considerable market share. However, expanding RFID use in industrial facilities to increase administration productivity is expected to boost the North American RFID market. In addition, the Asia Pacific region is also predicted to notice significant growth because of the vast retail market, which results in a demand for better supply chain and inventory management systems. In addition, the digitalization and automation of business operations in the Asia Pacific region are generating high demand for RFID tags in the retail sector. In addition to this, the governments of these regions are actively investing in enhancing the retail industry's security infrastructure, which is also contributing to the growth of the retail RFID market of this region.

The major players covered in the retail RFID market are GAO Group, Avery Dennison Corporation, Zebra Technologies Corp, CCL Industries Inc., Tageos, Denso ADC, GS1, Riot Insight Inc., and AtlasRFIDstore.

This Retail RFID Market has been analyzed into the following segments:

• By Components

o RFID tags
o Reader hardware
o Supporting &x services
o Testing and certification

• By Type

o Fixed readers
o Mobile readers

• By Application

o Inventory tracking
o Store operations
o Customer experience

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Spain
• Others

o Middle East and Africa

• Saudi Arabia
• Israel
• Other

o Asia Pacific

• China
• Japan
• India
• South Korea
• Indonesia
• Taiwan
• Thailand
• Others

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