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PUBLISHER: SkyQuest | PRODUCT CODE: 1655995

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PUBLISHER: SkyQuest | PRODUCT CODE: 1655995

RFID Market Size, Share, and Growth Analysis, By Component (Hardware, Software), By Type (Active, Passive), By Wafer Size, By Material, By System, By Frequency Range, By End Use, By Region - Industry Forecast 2025-2032

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RFID Market size was valued at USD 18.07 billion in 2023 and is poised to grow from USD 20.8 billion in 2024 to USD 64.07 billion by 2032, growing at a CAGR of 15.1% during the forecast period (2025-2032).

The global RFID Market is poised for significant growth, fueled by advancements in generative AI technology. This integration enhances data retrieval from extensive RFID tag deployments, streamlining asset tracking, supply chain, and inventory management, ultimately reducing operational costs. Generative AI excels in detecting anomalies within RFID data streams, bolstering security by identifying potential threats and preventing issues like theft and inventory loss. The market is also benefiting from a heightened focus on sustainability, leading to increased demand for energy-efficient RFID readers, eco-friendly tags, and RFID-enabled waste management systems. Furthermore, the fusion of RFID technology with Industry 4.0 and IoT is creating a smarter ecosystem, improving visibility, automation, and real-time data collection across various sectors.

Top-down and bottom-up approaches were used to estimate and validate the size of the RFID Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

RFID Market Segments Analysis

Global RFID Market is segmented by Component, Type, Wafer Size, Material, System, Frequency Range, End Use and region. Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Active, Passive and Battery-Assisted Passive (BAP) RFID Tag. Based on Wafer Size, the market is segmented into 8-Inch, 12-Inch and Other Wafer Sizes. Based on Material, the market is segmented into Heat Resistant, Liquid Resistant. Based on System, the market is segmented into Active RFID System and Passive RFID System. Based on Frequency Range, the market is segmented into Low Frequency (30kHz- 300kHz), High Frequency (3MHz-30MHz) and Ultra-high Frequency (300MHz-3GHz). Based on End Use, the market is segmented into Commercial, Animal Tracking, Transportation,agriculture, Security and Access Control, Healthcare, Retail, Logistics and Supply Chain and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the RFID Market

The RFID Market is driven by its ability to enhance inventory accuracy through real-time tracking of product movement, dramatically reducing human error and stockouts. As manufacturers, logistics providers, and retailers embrace RFID technology, they are able to automate inventory management processes, which significantly boosts operational efficiency. This automation leads to improved resource allocation, minimizes discrepancies, and provides a comprehensive view of the entire supply chain. Consequently, the demand for RFID solutions is on the rise across various industries, highlighting the technology's pivotal role in modernizing inventory management and streamlining supply chain operations for better performance and profitability.

Restraints in the RFID Market

The RFID Market faces notable restraints, particularly for small and medium-sized enterprises, primarily due to the substantial initial investment required for deploying RFID technology. The costs associated with tags, readers, software, and integrating these systems with existing operations can be quite high, which poses a challenge for businesses operating with constrained budgets. This hefty one-time expense often deters these companies from embracing RFID solutions, thereby limiting the widespread adoption of this technology, especially in markets where price sensitivity is a major concern. Consequently, the high costs act as a significant barrier, hindering overall growth within the RFID sector.

Market Trends of the RFID Market

The RFID Market is experiencing a significant trend towards integration with big data analytics and the Internet of Things (IoT), revolutionizing business operations across various sectors. By leveraging RFID technology's real-time tracking capabilities alongside IoT devices, organizations can collect and analyze vast amounts of data to enhance supply chain efficiency, streamline decision-making processes, and employ predictive analytics. This convergence not only fosters operational optimization and increased productivity but also allows businesses to deliver tailored solutions that meet evolving customer demands. As such, this synergy is poised to redefine industry standards and drive growth within the RFID Market well into the future.

Product Code: SQMIG15A2305

Table of Contents

Introduction

  • Objectives of the Study
  • Scope of the Report
  • Definitions

Research Methodology

  • Information Procurement
  • Secondary & Primary Data Methods
  • Market Size Estimation
  • Market Assumptions & Limitations

Executive Summary

  • Global Market Outlook
  • Supply & Demand Trend Analysis
  • Segmental Opportunity Analysis

Market Dynamics & Outlook

  • Market Overview
  • Market Size
  • Market Dynamics
    • Drivers & Opportunities
    • Restraints & Challenges
  • Porters Analysis
    • Competitive rivalry
    • Threat of substitute
    • Bargaining power of buyers
    • Threat of new entrants
    • Bargaining power of suppliers

Key Market Insights

  • Key Success Factors
  • Degree of Competition
  • Top Investment Pockets
  • Market Ecosystem
  • Market Attractiveness Index, 2024
  • PESTEL Analysis
  • Macro-Economic Indicators
  • Value Chain Analysis
  • Pricing Analysis
  • Regulatory Analysis
  • Patent Analysis
  • Technology Analysis
  • Raw Material Analysis

Global RFID Market Size by Component & CAGR (2025-2032)

  • Market Overview
  • Hardware
    • RFID Printers/Recorders
    • RFID Antenna
    • RFID Readers Wind
    • Handheld Scanners
    • Fixed Scanners
    • RFID Labels
    • RFID Card & Badges
    • RFID Tags
    • RFID Implant
    • RFID Key Fob
    • RFID Band
  • Software

Global RFID Market Size by Type & CAGR (2025-2032)

  • Market Overview
  • Active
  • Passive

Global RFID Market Size by Wafer Size & CAGR (2025-2032)

  • Market Overview
  • 8-Inch
  • 12-Inch
  • Other Wafer Sizes

Global RFID Market Size by Material & CAGR (2025-2032)

  • Market Overview
  • Heat Resistant
  • Liquid Resistant

Global RFID Market Size by System & CAGR (2025-2032)

  • Market Overview
  • Active RFID System
  • Passive RFID System
  • Battery-Assisted Passive (BAP) RFID Tag

Global RFID Market Size by Frequency Range & CAGR (2025-2032)

  • Market Overview
  • Low Frequency (30kHz- 300kHz)
  • High Frequency (3MHz-30MHz)
  • Ultra-high Frequency (300MHz-3GHz)

Global RFID Market Size by End Use & CAGR (2025-2032)

  • Market Overview
  • Commercial
  • Animal Tracking
  • Transportation
  • Agriculture
  • Security and Access Control
  • Healthcare
  • Retail
  • Logistics and Supply Chain
  • Others

Global RFID Market Size & CAGR (2025-2032)

  • North America (Component, Type, Wafer Size, Material, System, Frequency Range, End Use)
    • US
    • Canada
  • Europe (Component, Type, Wafer Size, Material, System, Frequency Range, End Use)
    • Germany
    • Spain
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia Pacific (Component, Type, Wafer Size, Material, System, Frequency Range, End Use)
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Latin America (Component, Type, Wafer Size, Material, System, Frequency Range, End Use)
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (Component, Type, Wafer Size, Material, System, Frequency Range, End Use)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Competitive Intelligence

  • Top 5 Player Comparison
  • Market Positioning of Key Players, 2024
  • Strategies Adopted by Key Market Players
  • Recent Developments in the Market
  • Company Market Share Analysis, 2024
  • Company Profiles of All Key Players
    • Company Details
    • Product Portfolio Analysis
    • Company's Segmental Share Analysis
    • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

  • Honeywell International Inc. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Impinj, Inc. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Zebra Technologies Corporation (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Avery Dennison Corporation (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • NXP Semiconductors N.V. (Netherlands)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Alien Technology Corporation (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Smartrac N.V. (Netherlands)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • SML Group Limited (Hong Kong)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Invengo Information Technology Co., Ltd. (China)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Identiv, Inc. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Checkpoint Systems, Inc. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • GlobeRanger Corporation (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Nedap N.V. (Netherlands)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • RFID4U (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • CYBRA Corporation (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Assa Abloy AB (Sweden)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • CCL Industries Inc. (Canada)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Datalogic S.p.A. (Italy)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • Bluebird Inc. (South Korea)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments
  • ThingMagic, Inc. (United States)
    • Company Overview
    • Business Segment Overview
    • Financial Updates
    • Key Developments

Conclusion & Recommendations

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