Press release
2025-2034 Radiofrequency Identification (RFID) Tags Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Radiofrequency Identification (RFID) Tags
What Is the Expected CAGR for the Radiofrequency Identification (RFID) Tags Market Through 2025?
In recent times, the market size of radiofrequency identification (rfid) tags has witnessed significant expansion. There is projected increase from $11.4 billion in 2024 to $12.01 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.4%. The noteworthy growth during the historic period has been driven by expansion in the industrial sector, surge in e-commerce industry, and increase in healthcare spending.
What's the Projected Size of the Global Radiofrequency Identification (RFID) Tags Market by 2029?
The market size for radiofrequency identification (rfid) tags is poised for a robust expansion in the forthcoming years, with predictions estimating that it will reach $16.73 billion by 2029, witnessing a compound annual growth rate (CAGR) of 8.6%. Factors contributing to this projected upswing during the forecast period include the escalating uptake of the internet of things (IoT), an increase in the e-commerce industry, a surge in healthcare expenditure, expansion in the industrial sector, a rise in smart cities, with the COVID-19 pandemic expediting the use of RFID tags across various sectors. The forecast period is also expected to see key trends such as a concentrated effort on strategic acquisitions to penetrate new markets, enhance market share, access novel technologies, and ultimately boost potential revenues, technological progress, and a focus on introducing new products.
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Top Growth Drivers in the Radiofrequency Identification (RFID) Tags Industry: What's Accelerating the Market?
The predicted surge in e-commerce and online retail sales is poised to fuel the expansion of the RFID tags market in the upcoming years. E-commerce, or electronic commerce, involves the purchase and sale of products and services via a computer network, typically the internet, along with the transfer of payment and informational data. The use of RFID technology offers a more detailed view of the supply chain for e-commerce companies, enabling them to locate the necessary resources to meet customer demands. For example, the United States Census Bureau reported in August 2024 that the retail e-commerce sales in the U.S. for the second quarter of 2024 amounted to an estimated $282.3 billion, representing a 5.3% rise from the first quarter of 2023. Hence, the burgeoning e-commerce and online retail sales directly contribute to the advancement of the RFID tags market.
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What Trends Will Shape the Radiofrequency Identification (RFID) Tags Market Through 2029 and Beyond?
The trend of incorporating advanced technologies such as IoT and Big Data is on the rise among RFID businesses. IoT enables RFID tags to link objects into a network, thus creating and transmitting data. This contributes to real-time object tracking using tags and the establishment of a device network that disseminates information about their location, conditions, and quantities instantaneously. For instance, in February 2023, Omni-ID, a company based in the US that works with passive industrial radio frequency identification (RFID) tags, launched a collection of IoT devices enabled with Bluetooth Low Energy (BLE) and Long Range (LoRa). These devices utilize an extensive set of sensors and employ Radiofrequency Identification (RFID) tags to relay situational and status data, thus improving asset management and logistics operations within a company.
What Are the Main Segments in the Radiofrequency Identification (RFID) Tags Market?
The radiofrequency identification (rfid) tagsmarket 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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