RFID Tags Market Surges With The Soaring Growth Of Online Retail And Digital Sales Driving Market Acceleration in the Radiofrequency Identification (RFID) Tags Industry, 2025

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What Is the Expected CAGR for the Radiofrequency Identification (RFID) Tags Market Through 2025?
The market size for radiofrequency identification (RFID) tags has recently seen a robust growth. It is predicted to escalate from $11.4 billion in 2024 to $12.2 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.9%. This upward trajectory during the historical timeframe can be linked to expansions in the industrial sector, the surge in e-commerce, and an increase in healthcare spending.

What's the Projected Size of the Global Radiofrequency Identification (RFID) Tags Market by 2029?
Expectations are high for a robust escalation in the size of the radiofrequency identification (RFID) tags market in the forthcoming years. Projected to surge to a whopping $17.83 billion by 2029, the market is predicted to exhibit a compound annual growth rate (CAGR) of 10.0%. The anticipated growth within this period may be attributed to several factors such as the elevated adoption of the internet of things (IoT), a surge in the e-commerce sector, increased spending on healthcare, an expanding industrial sector, the proliferation of smart cities, and an accelerated acceptance of RFID tags across a variety of industries due to the COVID-19 pandemic. Other defining trends within this period could include strategic acquisitions aimed at accessing new markets, increasing market share, tapping into fresh technologies, and ultimately boost potential revenue. Additionally, technological advancements and the launching of new products could also drive growth.

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Top Growth Drivers in the Radiofrequency Identification (RFID) Tags Industry: What's Accelerating the Market?
The growth of the RFID tags market is anticipated to be spurred by the growing e-commerce and online retail sales in the prediction timeline. E-commerce, which involves the purchase and sale of commodities and services via a computer network, typically the internet, includes the transfer of payments and information. RFID technology provides e-commerce firms with a clearer view of the supply chain, enabling them to locate the necessary resources to meet a customer's demand. For example, the United States Census Bureau, a US governmental agency, reported in August 2024 that U.S. retail e-commerce sales for the second quarter of 2024 amounted to an expected $282.3 billion, a 5.3% rise from the first quarter of 2023. Consequently, the surge in e-commerce and online retail sales is driving the expansion of the RFID tags market.

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What Trends Will Shape the Radiofrequency Identification (RFID) Tags Market Through 2029 and Beyond?
There is an uprising trend in the RFID market to use advanced technologies like IoT and Big Data. IoT helps RFID tags to digitally connect objects into a system that generates and transmits data. This is useful for real-time tracking of tagged objects and establishing a network of devices that release real-time info on their location, conditions and amounts. For example, Omni-ID, an American company specializing in passive industrial RFID tags, launched a new line of IoT devices enabled with Bluetooth Low Energy (BLE) and Long Range (LoRa) in February 2023. These devices incorporate a complete set of sensors that emit situational and status data using RFID tags, thus improving asset management and logistics in an organization.

What Are the Main Segments in the Radiofrequency Identification (RFID) Tags Market?
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 Top Companies are Driving Growth in the Radiofrequency Identification (RFID) Tags Market?
Major companies operating in the radiofrequency identification (RFID) tags market include Avery Dennison Corporation, Honeywell International Inc., NXP Semiconductors N.V., Identiv Inc., Zebra Technologies Corporation, HID Global, Invengo Information Technology Co Ltd, Nedap, Omni-ID, GAO RFID Inc., Essen RFID, Asset Online Pvt. Ltd, Raviraj Technologies, Greenfuturz, Chipsilicon, Copper Spiral RFID, CFI global, Zhejiang Laxcen Information Technology Co. Ltd, Shenzhen ZD Technology Co. Ltd, Chengdu Mind Golden Card System Co. Ltd, Guangzhou Qingsong Digital Technology Co. Ltd, Shenzhen Udohow Electronics Co. Ltd, Vantage Ear Tag RFID Technology Co. Ltd, SALTO Systems, Suprema, Alfi srl, Torchwood Technologies, Codegate Ltd, Pervasid, Alien Technology Corporation, AMS AG, Atmel Corp, CipherLab Co. Ltd., Confidex Ltd, Datalogic S.p.A., Impinj Inc., SMARTRAC N.V, Technology Solutions UK Ltd. (TSL), ThinkMagic (Trimble), Texas instruments, Roper Technologies Inc., Orbcomm Inc, Gaming Partners International Corporation, Marnlen, Bastian Solutions, SATO America, InLogic IT Solution, DominateRFID, Datametric Technologies LLC, Amricon, Acube Infotech LLC, ScreenCheck, OGTech, EAM RFID Solutions, Askaris, Absolute Integrated Electronic Solutions (AIES), Aitech Systems Ltd, Al Smari Trading, Attraf company, BUCHI Labortechnik AG

Which Regions Will Dominate the Radiofrequency Identification (RFID) Tags Market Through 2029?
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.

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