Press release
Radio Frequency Identification (RFID) Market Poised for 20.4% CAGR Growth Through 2030, Driven by Healthcare, Retail & Smart Supply Chains
Radio Frequency Identification (RFID) Market
United States: Recent Industry Developments
✅ High adoption across retail, manufacturing, transportation & logistics, healthcare, defense, and IT asset tracking; RFID enables real-time asset tracking in supply chains and hospitals for equipment, patient monitoring, error reduction, and improved audits/forecasting.
✅ Growing demand for real-time monitoring in healthcare, supported by initiatives like the Health Information Technology for Clinical Health Act and promotions by the U.S. Department of Health and Human Services and FDA.
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Japan: Recent Industry Developments
✅ The Japan RFID market was valued at US$ 899.2 million in 2024 and is projected to reach US$ 2,408.2 million by 2030, growing at a CAGR of 18.2% (2025-2030), driven by automation, real-time tracking, and smart retail applications.
✅ Key players like Toshiba, Denso Wave, and NXP Semiconductors lead in adoption for industrial and retail sectors.
Asia-Pacific: Recent Industry Developments
✅ Fastest-growing region overall, fueled by rapid industrialization, retail expansion, manufacturing scale-up, and logistics digitalization in China, India, Japan, and South Korea.
✅ Increasing investments in supply chain efficiency, animal identification, and healthcare tracking.
Technological Partnerships
✅ February 2022: Impinj, Inc. joined the DoseID Consortium to expand RAIN RFID applications in healthcare and contribute to standards.
✅ April 2021: RAIN Alliance established a working group to promote RAIN RFID for electronic tolling in Europe (ongoing impact).
New Product/Service Launch
✅ February 2022: Identiv, Inc. launched UHF RFID TOM (Tag On Metal) portfolio for unrivaled performance and price in harsh industrial applications.
✅ Emphasis on low-cost Gen2 RFID chips (125 micrometers diameter) for embedding in products, anti-counterfeiting, and broader compatibility.
Technological Advancements in the Market
✅ Advancements in ultra-small Gen2 RFID chips for low-cost production; MIT's 2018 UHF RFID tag-sensor for glucose detection (adaptable to chemicals/gases like CO); focus on RAIN RFID standards, compatibility with semiconductors, and embedding for tracking/anti-counterfeiting.
✅ 2025 trends: Enhanced real-time tracking, IoT integration, and applications in healthcare for faster processing/efficiency post-COVID.
Market Dynamics & Key Insights
✅ Drivers: Technological advancements reducing tag costs; rising demand for real-time monitoring in healthcare, supply chain, retail; consumer convenience focus; investments meeting demand.
✅ Key drivers: Passive RFID dominates (cost-effective, 3-5m read range, used in access control/supply chain); UHF/RAIN RFID growing. Healthcare accelerated during COVID-19 for efficiency.
✅ Restraints: Data privacy concerns, vulnerability to breaches/cyberattacks/signal spoofing; initial high costs; 2020-2021 slowdown from pandemic (offset by healthcare gains).
✅ North America dominates (largest share, ~35% in some estimates); Asia-Pacific fastest-growing.
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Segmentation
☛ By Type
Passive RFID (largest segment, cost-effective); Active RFID; Battery-Assisted Passive (BAP) RFID.
☛ By Frequency
Low Frequency; High Frequency; Ultra-High Frequency (UHF, including RAIN RFID).
☛ By Product
RFID Tags; RFID Antennas; RFID Readers.
☛ By Material
ABS plastic; Fiberglass; PVC laminate.
☛ By Application
Industry & Logistics; Animal Identification; Textile Services; Fueling Automation; Retail; Healthcare; Others.
Regional Analysis
» North America leads the global RFID market with the largest revenue share (~35%); driven by U.S. adoption in healthcare real-time monitoring, supply chain, government initiatives, and FDA/HHS promotions.
» Asia-Pacific exhibits the fastest growth, supported by industrialization, retail/logistics digitalization, and investments in China, India, Japan, South Korea.
» Europe shows steady demand fueled by standards promotion (e.g., RAIN for tolling) and industrial applications.
» The Middle East and Africa, along with Latin America, hold emerging potential with increasing tracking needs.
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