Market Overview:
The global Radio-Frequency Identification (RFID) market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the RFID market can be attributed to the increasing demand for radio frequency identification technology from various end-use industries, such as BFSI, animal tracking/agriculture, commercial transportation, healthcare logistics and supply chain, aerospace and defense, and retail. Additionally, the growing adoption of RFID technology by small businesses is also contributing to the growth of this market.
 Industry Outlook.svg)
Product Definition:
Radio-frequency identification (RFID) is a technology that uses radio waves to identify objects and track them as they move. RFID tags are small, wireless devices that can be attached to or embedded in objects, animals, or people. The tags contain an antenna and a chip that stores information about the object it is attached to. When an RFID reader emits a signal, the tag sends back its identifying information. RFID systems are used in a variety of applications including supply chain management, inventory tracking, contactless payments, and animal identification.
Reader:
The global reader market is expected to grow at a CAGR of XX% from 2015 to 2022. The growth can be attributed to the increasing demand for efficient inventory management and automation in retail stores, warehouses, manufacturing plants & factories among others.
RFID technology has evolved significantly over the past few years owing to technological advancements such as miniaturization.
Software:
Software is the set of instructions, which controls the operations of a computer system. It includes all types of software such as desktop publishing software, web-based application software, and enterprise resource planning (ERP) systems. The RFID market has witnessed significant growth over the past few years owing to its increasing use in inventory control and product tracking applications.
Application Insights:
The retail segment accounted for the largest revenue share in 2016 and is anticipated to continue leading over the forecast period. The technology helps retailers in inventory management, asset protection, and reducing shrinkage by providing accurate stock-keeping information using Radio Frequency Identification Device (RFID).
The growing adoption of RFID across the transportation industry to track assets and personnel is expected to spur market growth over the forecast period. The technology provides tracking solutions for mobile phones, laptops, bags, suitcases as well as pallets among other transport containers at a global level. This helps airlines/travel agencies in baggage tracking while ensuring compliance with airport security regulations.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to various factors such as increasing adoption of RFID technology, presence of a large number of industry players, and rising demand for automated inventory management systems from retailers and other end-users.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to growing penetration of RFID readers from OEMs, along with rapid adoption by manufacturers in this region for tracking and tracing products across supply chains. Furthermore, government initiatives encouraging use of radio frequency identification devices are also expected to drive regional market growth over the next eight years.
Growth Factors:
- Increasing demand for Radio-Frequency Identification (RFID) tags from the retail sector to improve inventory management and supply chain efficiency.
- Proliferation of Internet of Things (IoT) and increasing number of applications that require RFID tags for tracking and identification purposes.
- Growing demand for Radio-Frequency Identification (RFID) in the healthcare sector to streamline patient care and track medical assets.
- Rising adoption of Radio-Frequency Identification (RFID) technology by transportation and logistics companies to improve fleet management operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Radio-Frequency Identification (RFID) Market Research Report
By Type
Reader, Software, Others
By Application
BFSI, Animal Tracking/Agriculture, Commercial, Transportation, Healthcare, Logistics and Supply Chain, Aerospace, Defense, Retail
By Companies
NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International(U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), Avery Dennison Corporations (US), NXP Semiconductors N.V (Netherlands)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Radio-Frequency Identification (RFID) Market Report Segments:
The global Radio-Frequency Identification (RFID) market is segmented on the basis of:
Types
Reader, Software, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, Animal Tracking/Agriculture, Commercial, Transportation, Healthcare, Logistics and Supply Chain, Aerospace, Defense, Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NXP Semiconductors N.V (Netherlands)
- Alien Technology (US)
- 3M Company (U.S)
- ACTAtek Technology (U.S)
- Axcess International(U.S)
- Impinj Inc. (US)
- Ascendent ID (U.S)
- Checkpointt System Inc. (U.S)
- Avery Dennison Corporations (US)
- NXP Semiconductors N.V (Netherlands)
 Market Overview.svg)
Highlights of The Radio-Frequency Identification (RFID) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reader
- Software
- Others
- By Application:
- BFSI
- Animal Tracking/Agriculture
- Commercial
- Transportation
- Healthcare
- Logistics and Supply Chain
- Aerospace
- Defense
- Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Radio-Frequency Identification (RFID) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
RFID is a technology that uses radio waves to identify and track objects. RFID tags can be attached to products or containers, and the tags can send information about their location and status wirelessly to receivers. This information can be used for tracking purposes, inventory management, security monitoring, or other purposes.
Some of the key players operating in the radio-frequency identification (rfid) market are NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International(U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), Avery Dennison Corporations (US), NXP Semiconductors N.V (Netherlands).
The radio-frequency identification (rfid) market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Radio-Frequency Identification (RFID) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Radio-Frequency Identification (RFID) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Radio-Frequency Identification (RFID) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Radio-Frequency Identification (RFID) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Radio-Frequency Identification (RFID) Market Size & Forecast, 2018-2028
4.5.1 Radio-Frequency Identification (RFID) Market Size and Y-o-Y Growth
4.5.2 Radio-Frequency Identification (RFID) Market Absolute $ Opportunity
Chapter 5 Global Radio-Frequency Identification (RFID) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Radio-Frequency Identification (RFID) Market Size Forecast by Type
5.2.1 Reader
5.2.2 Software
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Radio-Frequency Identification (RFID) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Radio-Frequency Identification (RFID) Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 Animal Tracking/Agriculture
6.2.3 Commercial
6.2.4 Transportation
6.2.5 Healthcare
6.2.6 Logistics and Supply Chain
6.2.7 Aerospace
6.2.8 Defense
6.2.9 Retail
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Radio-Frequency Identification (RFID) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Radio-Frequency Identification (RFID) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Radio-Frequency Identification (RFID) Analysis and Forecast
9.1 Introduction
9.2 North America Radio-Frequency Identification (RFID) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Radio-Frequency Identification (RFID) Market Size Forecast by Type
9.6.1 Reader
9.6.2 Software
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Radio-Frequency Identification (RFID) Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 Animal Tracking/Agriculture
9.10.3 Commercial
9.10.4 Transportation
9.10.5 Healthcare
9.10.6 Logistics and Supply Chain
9.10.7 Aerospace
9.10.8 Defense
9.10.9 Retail
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Radio-Frequency Identification (RFID) Analysis and Forecast
10.1 Introduction
10.2 Europe Radio-Frequency Identification (RFID) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Radio-Frequency Identification (RFID) Market Size Forecast by Type
10.6.1 Reader
10.6.2 Software
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Radio-Frequency Identification (RFID) Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 Animal Tracking/Agriculture
10.10.3 Commercial
10.10.4 Transportation
10.10.5 Healthcare
10.10.6 Logistics and Supply Chain
10.10.7 Aerospace
10.10.8 Defense
10.10.9 Retail
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Radio-Frequency Identification (RFID) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Radio-Frequency Identification (RFID) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Radio-Frequency Identification (RFID) Market Size Forecast by Type
11.6.1 Reader
11.6.2 Software
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Radio-Frequency Identification (RFID) Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 Animal Tracking/Agriculture
11.10.3 Commercial
11.10.4 Transportation
11.10.5 Healthcare
11.10.6 Logistics and Supply Chain
11.10.7 Aerospace
11.10.8 Defense
11.10.9 Retail
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Radio-Frequency Identification (RFID) Analysis and Forecast
12.1 Introduction
12.2 Latin America Radio-Frequency Identification (RFID) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Radio-Frequency Identification (RFID) Market Size Forecast by Type
12.6.1 Reader
12.6.2 Software
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Radio-Frequency Identification (RFID) Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 Animal Tracking/Agriculture
12.10.3 Commercial
12.10.4 Transportation
12.10.5 Healthcare
12.10.6 Logistics and Supply Chain
12.10.7 Aerospace
12.10.8 Defense
12.10.9 Retail
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Radio-Frequency Identification (RFID) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Radio-Frequency Identification (RFID) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Radio-Frequency Identification (RFID) Market Size Forecast by Type
13.6.1 Reader
13.6.2 Software
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Radio-Frequency Identification (RFID) Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 Animal Tracking/Agriculture
13.10.3 Commercial
13.10.4 Transportation
13.10.5 Healthcare
13.10.6 Logistics and Supply Chain
13.10.7 Aerospace
13.10.8 Defense
13.10.9 Retail
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Radio-Frequency Identification (RFID) Market: Competitive Dashboard
14.2 Global Radio-Frequency Identification (RFID) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NXP Semiconductors N.V (Netherlands)
14.3.2 Alien Technology (US)
14.3.3 3M Company (U.S)
14.3.4 ACTAtek Technology (U.S)
14.3.5 Axcess International(U.S)
14.3.6 Impinj Inc. (US)
14.3.7 Ascendent ID (U.S)
14.3.8 Checkpointt System Inc. (U.S)
14.3.9 Avery Dennison Corporations (US)
14.3.10 NXP Semiconductors N.V (Netherlands)
