Radio-Frequency Identification Technology (RFID) Market to Exhibit a Remarkable CAGR of 22.8% by 2030, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

Data Bridge Market Research analyses that the global radio-frequency identification technology (RFID) market which was USD 9.95 billion in 2022, is expected to reach USD 51.45 billion by 2030, and is expected to undergo a CAGR of 22.8% during the forecast period of 2023 to 2030.

Market Definition:

Radio frequency identification (RFID) is defined as the technology that makes the use of radio frequency electrostatic fields or electromagnetic fields. The technology assists in identifying objects possessing tags when they come close to a reader. The RFID offers automatic item identification on shipping and receiving applications, and mixed pallets.

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Some of the major players operating in the global radio-frequency identification technology (RFID) market are:

Alien Technology, LLC (U.S.), GAO Group Inc. (Canada), Honeywell International Inc. (U.S.), Impinj, Inc. (U.S.), Mobile Aspects, Inc. (U.S.), RF Technologies, Inc. (U.S.), Radianse (U.S.), STID (U.S.), STANLEY Healthcare (U.S.), SATO HOLDINGS CORPORATION. (Japan) Motorola Solutions, Inc. (U.S.), CAEN RFID S.r.l. (Italy), NewAge Industries, Inc. (U.S.), IBM Corporation (U.S.), Siemens (Germany), AMERICAN RFID SOLUTIONS, LLC (U.S.), and 3M (U.S.).

Competitive Landscape and Global Radio-Frequency Identification Technology (RFID) Market Share Analysis:

The global radio-frequency identification technology (RFID) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global radio-frequency identification technology (RFID) market.

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