openPR Logo
Press release

RFID Market Set to Soar, Projected Worth of $32.4 Billion by 2029

02-22-2024 02:33 PM CET | IT, New Media & Software

Press release from: Meticulous Research®

RFID Market Set to Soar, Projected Worth of $32.4 Billion by 2029

Meticulous Research® Presents Groundbreaking Insights in Latest RFID Market Report
Meticulous Research®, a leading global market research company, has unveiled its latest research report titled "RFID Market by Component (Hardware - Printers, Antenna, Readers, Labels, Card, Tags, Implant; Software), Frequency (Ultra-high Frequency), Type (Active, Passive), End-user (Transportation & Logistics, Retail), and Geography - Global Forecasts to 2029."

According to this comprehensive publication from Meticulous Research®, the global RFID market is on a trajectory to achieve a remarkable CAGR of 10.8% from 2022-2029, ultimately reaching an impressive valuation of $32.4 billion by 2029. The driving forces behind this anticipated growth include the escalating demand for RFID technology for operational use across diverse industries, the surge in RFID solution installations in healthcare, retail, and manufacturing sectors, and increasing government initiatives promoting the use of Automatic Identification and Data Capture (AIDC) technology.

Download Sample Report Here:
https://www.meticulousresearch.com/download-sample-report/cp_id=5272

Market Overview: In the realm of technological evolution, the global RFID market is poised for unparalleled growth, projected to surge at a remarkable CAGR of 10.8% from 2022-2029, ultimately reaching an impressive $32.4 billion by 2029. Key catalysts driving this surge include the escalating demand for RFID technology across diverse industries, increased government initiatives endorsing AIDC technology, and the growing adoption of RFID solutions in healthcare, retail, and manufacturing sectors.

Major Benefits of RFID Technology:
• Operational Efficiency
• Elimination of Human Error
• Reduction in Capital Costs
• Access to Real-Time Data
• Insights for Better Decision Making

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/rfid-market-5272

Growth Opportunities and Trends: The rise in adoption of RFID tags for Industry 4.0 and smart manufacturing presents significant growth opportunities. However, challenges such as vulnerability to cyber threats and high capital expenditure for deploying RFID pose hurdles to the market's growth.

Technology Trends:
• Artificial Intelligence (AI) in RFID
• Smart Mirrors
• Hybrid and Chipless RFID Solutions

Market Segmentation: The global RFID market is segmented based on component, frequency, type, and end user, offering a comprehensive analysis for industry stakeholders.

Have Any Query ? Speak To Our Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5272

Geographic Insights: Asia-Pacific is poised to command the largest share of the global RFID market in 2022, driven by increasing awareness, high adoption of AIDC technology, surging government investments, and the rapid expansion of Industry 4.0 and digital transformation.

Key Players: Leading industry players influencing the RFID market include Merck KGaA, Thermo Fisher Scientific Inc., Cytiva, Lonza Group Ltd., Corning Incorporated, Becton, Dickinson and Company, Avantor, Inc., Bio-Rad Laboratories, Inc., HiMedia Laboratories, Sartorius AG, Eppendorf SE, FUJIFILM Holdings Corporation, Agilent Technologies, Inc., Getinge AB, Greiner Bio-One GmbH, and Miltenyi Biotec B.V. & Co. KG.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5272

Contact Us:

Meticulous Research®
Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release RFID Market Set to Soar, Projected Worth of $32.4 Billion by 2029 here

News-ID: 3395668 • Views:

More Releases from Meticulous Research®

Meticulous Research® Unveils In-Depth Analysis of European EV Batteries Market
Meticulous Research® Unveils In-Depth Analysis of European EV Batteries Market
[Redding, California, 26-03-2024] - Meticulous Research®, a premier market research firm, announces the publication of its latest report titled "Europe EV Batteries Market: Type, Capacity, Bonding Type, Form, Application, End User, and Country - Forecast to 2029." This comprehensive study delves into the multifaceted dynamics shaping the burgeoning European electric vehicle (EV) batteries market. Anticipated to surge at an impressive Compound Annual Growth Rate (CAGR) of 45.8% from 2022, the European
Meticulous Research® Unveils Comprehensive Analysis of North America EV Batteries Market
Meticulous Research® Unveils Comprehensive Analysis of North America EV Batteri …
[Redding, California, 26-03-2024]- Meticulous Research®, a globally recognized leader in market research, announces the release of its latest report titled "The North America EV Batteries Market: Type, Capacity, Bonding Type, Form, Application, End User, and Country-Forecast to 2028." This extensive study offers profound insights into the dynamics shaping the rapidly evolving landscape of electric vehicle (EV) batteries across North America. Projected to surge at a remarkable Compound Annual Growth Rate (CAGR)
Meticulous Research® Forecasts Robust Growth in Europe's Electric Vehicle Market
Meticulous Research® Forecasts Robust Growth in Europe's Electric Vehicle Marke …
[Redding, California , 26-03-2024]- Meticulous Research®, a renowned leader in global market research, has unveiled its latest comprehensive study titled "Europe Electric Vehicle Market," delving into the evolving landscape of electric mobility across the region. This pioneering report provides an in-depth analysis of various facets of the European electric vehicle (EV) market, including vehicle types, propulsion methods, power output, charging standards, and country-specific dynamics. The European EV market is poised for
Meticulous Research® Unveils Exclusive Insights: Nepal's In-Vitro Diagnostics Market Set to Reach $62.70 Million by 2029
Meticulous Research® Unveils Exclusive Insights: Nepal's In-Vitro Diagnostics M …
[Redding, California,22-03-2024] - Meticulous Research®, a trusted provider of market intelligence and advisory services, has released its latest report forecasting the trajectory of Nepal's In-Vitro Diagnostics (IVD) Market. Titled "Nepal IVD Market By Product (Kits, Instruments, Software), Technology (Immunoassay, Hematology, Coagulation, Diabetes, Molecular), Application (Infectious Diseases, Cardiology, Oncology), and Customer Type (Hospital, Diagnostic Lab, Home Care) - Forecast to 2029", the report anticipates a robust growth trajectory, projecting the market

All 5 Releases


More Releases for RFID

RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies. The report investigates and analyzes the
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years. Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953 This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application. DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm DIT
windshield rfid tag for rfid solutions(gyrfidstore)
The strength of RFID label or RFID Stickers compared with other tags is the thinner thickness, various size, flexible and cost efficient. It can be sealed inside of goods or stick on the device surface with adhesive layer. The label is also optional with anti-metal layer to mount and working on metal surface. GYRFID Provides different types Stickers to meet the requirement for different applications such as NFC Payments,