Press release
RFID Market Poised to Reach Staggering $32.4 Billion by 2029
Meticulous Research®, a distinguished leader in global market research, has recently launched an illuminating 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."
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5272
In this groundbreaking report, Meticulous Research® anticipates a remarkable CAGR of 10.8% from 2022-2029, propelling the global RFID market to an estimated value of $32.4 billion by 2029. The surge in demand for RFID technology across diverse industries, coupled with growing installations in healthcare, retail, and manufacturing sectors, stands as the key driver for this market's robust growth. Government initiatives promoting the adoption of AIDC technology further fuel this upward trajectory.
Some of the pivotal benefits offered by RFID technology, such as operational efficiency, error reduction, capital cost savings, real-time data access, and enhanced decision-making insights, contribute significantly to its widespread adoption. The market also witnesses substantial growth opportunities through the increasing use of RFID tags in Industry 4.0 and smart manufacturing. However, the market faces challenges from cybersecurity threats, and the high capital expenditure for RFID deployment acts as a restraining factor.
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
Geographical Overview: Asia-Pacific's Commanding Position
• Asia-Pacific Region: In 2022, Asia-Pacific is expected to seize the largest share of the global RFID market. This can be attributed to the region's heightened awareness and widespread adoption of AIDC technology, substantial government investments in security infrastructure (especially in BFSI, manufacturing, and retail), and the increasing demand for RFID solutions.
• Growth Catalysts: The rapid expansion of Industry 4.0 and digital transformation, coupled with the imperative need to enhance supply chain monitoring for real-time asset tracking, contribute to Asia-Pacific's accelerated growth in the RFID market.
Key Technological Trends: AI Integration, Smart Mirrors, Hybrid Solutions, and Chipless RFID
The report identifies current technological trends in the market, highlighting the integration of artificial intelligence (AI), smart mirrors, hybrid solutions, and chipless RFID. While these trends contribute to market growth, the challenge lies in managing the associated capital costs.
Segmentation Insights: Hardware Dominance and Ultra-high Frequency Surge
• Hardware Segment: In 2022, the hardware segment is projected to dominate the RFID market, accounting for the lion's share. This is attributed to increased RFID system installations in manufacturing, the rising demand for RFID tags for product tracking, advancements in contactless smartcards, and a surge in the need for RFID printers, recorders, tags, readers, and labels.
• Frequency Segment: The ultra-high frequency segment is anticipated to lead the market, accounting for the largest share in 2022 and projecting the highest CAGR during the forecast period. This growth is attributed to the increasing demand for tracking applications over extended distances and the rising adoption of UHF tags in various applications, including asset tracking, inventory management, manufacturing equipment, and product tagging.
Quick Buy: https://www.meticulousresearch.com/Checkout/81928305
• Type Segment: The passive RFID segment is expected to hold the majority share in 2022, growing at the highest CAGR during the forecast period. This growth is fueled by the increasing penetration of passive tags as RAIN RFID frequency and the growing demand for smaller, cost-effective RFID tags for tracking goods in various industries.
• End-user Segment: The transportation and logistics sector is poised to dominate the RFID market, capturing the largest share in 2022 and projecting the highest CAGR during the forecast period. This dominance is driven by the increasing demand for supply chain management and shipment tracking applications, aiming to improve operational productivity and enhance delivery accuracy.
Meticulous Research® stands at the forefront, delivering invaluable insights and foresights into the ever-evolving RFID market, guiding businesses towards strategic decisions in this dynamic landscape.
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 Poised to Reach Staggering $32.4 Billion by 2029 here
News-ID: 3417622 • Views: …
More Releases from Meticulous Research®
European Electric Car Market Size, Share, Growth Trends & Forecast (2026-2036)
The European electric car market has grown rapidly over the past few years and continues to gain momentum. In 2025, the market was valued at USD 288.0 billion. It is expected to increase to approximately USD 351.4 billion in 2026 and reach nearly USD 1,381.4 billion by 2036. This reflects a compound annual growth rate (CAGR) of 14.7% between 2026 and 2036 in terms of revenue. Growth is equally strong…
Healthcare AIDC Market to Reach USD 68 Billion by 2036, Growing at 12.6% CAGR
The global healthcare automatic identification and data capture market was valued at USD 18.9 billion in 2025 and is projected to reach USD 68 billion by 2036, growing from USD 20.8 billion in 2026 at an annual rate of 12.6% over the period from 2026 to 2036. In terms of volume, the market is expected to expand at 13.8% annually, reaching approximately 744 million units by 2036. This growth is…
Smart Warehousing Market to Reach USD 51.8 Billion by 2036, Growing at 10.8% CAG …
The global smart warehousing market is projected to grow from USD 18.5 billion in 2026 to USD 51.8 billion by 2036, expanding at an annual rate of 10.8% over the forecast period. This growth is being fueled by explosive e-commerce expansion, rising labor shortages that are forcing companies to look for alternatives to human workers, supply chain modernization initiatives aimed at building more resilient operations, and increasing adoption of automation,…
Cardiac Pacemaker Devices Market to Reach USD 5.63 Billion by 2036, Growing at 3 …
The global cardiac pacemaker devices market is poised for steady growth over the next decade, driven by the increasing prevalence of cardiovascular diseases, a rapidly aging population, and continuous technological advancements in implantable cardiac devices. The market was valued at approximately USD 3.99 billion in 2025 and is projected to reach USD 5.63 billion by 2036, growing at an annual rate of 3.2% from 2026 to 2036. The market is…
More Releases for RFID
RFID Tags For Asset Tracking Market Exceptional Business Performance | Vizinex R …
As the global economy recovers in 2021 and the supply of the industrial chain improves, the RFID Tags For Asset Tracking market will undergo major changes. The latest research shows that the RFID Tags For Asset Tracking industry market size will be million US dollars in 2021, and will grow to million US dollars in 2028, with an average annual growth rate of %.
The global RFID Tags For Asset Tracking…
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…
