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RFID Tags market Size & Growth Report
The growing need for improved inventory management, asset tracking, and operational efficiency is fueling the demand for RFID tags.
AUSTIN, TX, UNITED STATES, January 31, 2025 /EINPresswire / -- Market Size &
industry Insights
According to the SNS Insider Report,“The RFID Tags Market Size was valued at USD 12.42 Billion in 2023 and is expected to reach USD 29.05 Billion by 2032 and grow at a CAGR of 9.91% over the forecast period 2024-2032.”
Global RFID Tags Market Expands with
government Initiatives and Technological Innovations
The Radio Frequency Identification (RFID) Tags Market is rapidly expanding, driven by technological advancements and widespread adoption across industries. In 2023, governments globally prioritized digital transformation, creating opportunities for RFID in retail, logistics, healthcare, and manufacturing. Initiatives like the U.S. mandate for RFID in supply chains, Europe's push for logistics efficiency, and Asia-Pacific's“Digital India” and“Made in China 2025” programs have further boosted adoption. Innovations such as thin-film flexible RFID tags and energy-harvesting passive RFID technology are making it more cost-effective. RFID is also transforming public transport in Southeast Asia and livestock management in agriculture. With increasing automation, RFID tags are key to enhancing efficiency, accuracy, and cost savings across various sectors.
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SWOT Analysis of Key Players as follows:
Zebra Technologies
Impinj Inc.
Alien Technology
Avery Dennison
NXP Semiconductors
HID Global
Smartrac
GAO RFID Inc.
Omni-ID
Honeywell International
Checkpoint Systems
Invengo
SATO Holdings
Confidex
Idencia
RFID4U
Caen RFID
ThingMagic
Mojix
Terso Solutions
Passive and UHF RFID Tags Lead Market Growth with Strong Future Potential
By Type
The Passive RFID tag segment held 73% of the market share in 2023, driven by its battery-free design, which absorbs energy from the reader. This makes it ideal for applications like retail inventory tracking, supply chain management, and library systems.
The segment is expected to grow rapidly with a CAGR of 10.05% from 2024 to 2032, fueled by rising industry demand and sustainability initiatives. Recent advancements, such as ultra-thin, flexible passive tags introduced in 2023, have further improved cost-efficiency and functionality, particularly in textiles and smart packaging.
By Frequency
In 2023, Ultra-High Frequency (UHF) RFID tags held a 59% market share, driven by their widespread use in inventory management, logistics, and automotive sectors due to their long range and fast data transfer for real-time tracking. Advances in UHF technology, such as enhanced anti-collision features and improved read accuracy, are expected to boost adoption in 2024.
The UHF RFID segment is forecast to grow at the fastest CAGR of 10.07% from 2024 to 2032, fueled by rising demand for efficient supply chain solutions and IoT integration.
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KEY MARKET SEGMENTS:
BY PRODUCT
RFID Tags
RFID Readers
Middleware
BY TYPE
Passive RFID Tags
Active RFID Tags
BY FREQUENCY
Low Frequency
High Frequency
Ultra-high Frequency
BY APPLICATION
Retail
Financial Services
Healthcare
Industrial
Government
Transport & Logistics
Others
RFID Tags Market: North America Dominates, Asia-Pacific Drives Rapid Growth
North America led the RFID Tags Market in 2023, holding a 36% share, driven by widespread adoption in retail, healthcare, and logistics, along with stringent regulations for traceability and safety. Government initiatives like the FDA's Drug Supply Chain Security Program and Walmart's RFID mandate further propelled market growth. Meanwhile, the Asia-Pacific region is expected to grow at the fastest CAGR of 10.38% from 2024 to 2032, fueled by rapid industrialization, expanding e-commerce, and digitalization programs in China and India, such as "Digital India" and "Made in China 2025." Europe is also emerging as a key market, with strong adoption in transportation and public infrastructure through smart city projects integrating RFID technology. These factors collectively contribute to the increasing global demand for RFID tags.
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Recent Development
-January 17, 2024 – CAEN RFID has partnered with a Midwestern pest control company to implement the Verif-ID solution for automated rodent trap inspections. Technicians wear UHF RAIN RFID readers in holsters, allowing hands-free tracking of trap servicing, enhancing efficiency at large facilities like hospitals and industrial sites.
-January 8, 2025 – Honeywell International and NXP Semiconductors are expanding their partnership to integrate NXP's i.MX 8 processors into Honeywell's Anthem integrated flight deck, enhancing AI features and moving towards autonomous flight technologies.
TABLE OF CONTENT - Key Points
Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Research Methodology
Chapter 4. Market Dynamics Impact Analysis
Chapter 5. Statistical Insights and Trends Reporting
Chapter 6. Competitive Landscape
Chapter 7. Speed Sensor Market Segmentation, by Product
Chapter 8. Speed Sensor Market Segmentation, by Type
Chapter 8. Speed Sensor Market Segmentation, by Frequency
Chapter 8. Speed Sensor Market Segmentation, by Application
Chapter 9. Regional Analysis
Chapter 10. Company Profiles
Chapter 11. Use Cases and Best Practices
Chapter 12. Conclusion
Continued...
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Akash Anand
SNS Insider
+1 415-230-0044
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