Global RFID Technology Market Poised For Significant Growth, Tapping Into Iot And Industry 4.0 Advancements

(MENAFN- GlobeNewsWire - Nasdaq) Dublin, April 14, 2025 (GLOBE NEWSWIRE) -- The "RFID Technology Market - Readers, Tags and Software" report has been added to ResearchAndMarkets.com's offering.

The Radio Frequency Identification (RFID) Technology market is undergoing a period of robust growth, with projections estimating its value to reach US$40.6 billion by 2030, growing at a CAGR of 13.9% from 2024. This technological surge is powered by the increasing integration with IoT (Internet of Things) and Industry 4.0 - the latest industrial revolution emphasizing automation and data exchange in manufacturing technologies.

Technological Insights
RFID systems consist of Tags, Readers, and accompanying Software & Middleware, each playing pivotal roles in the seamless execution of data transfer using electromagnetic fields. The technology is widely renowned for real-time, line-of-sight free data exchange, contrasting traditional barcoding systems. Application in diverse sectors such as Agriculture, Automotive, Healthcare & Medical, and Retail provides an indication of its versatility and widespread adaptability.

RAIN: The Next Wireless Frontier
RAIN, an acronym for RAdio frequency IdentificatioN, represents a cutting-edge branch of UHF RFID technology connecting everyday items to the internet. It functions on the globally standardized GS1 UHF Gen2 protocol and acts as a bridge between UHF RFID and cloud services, fostering data accessibility and sharing across the Internet.

R egional Market Dynamics
North America currently stands as the frontrunner in the RFID Technology market due to rapid adoption within its varied industries backed by a robust technological infrastructure. Asia-Pacific, however, is projected to exhibit the highest growth rate, with China's manufacturing sector significantly contributing to this expansion by embracing RFID to enhance operational optimization, cost-reduction, and monitoring efficacy.

Component Analysis
Tags hold the majority share and are fundamental in storing and transmitting wireless data. As technological advancements continue to scale down their size, their applications have expanded across multiple sectors. The global demand for RFID Readers is anticipated to grow swiftly due to their ability to support high-speed data collection and processing, crucial in fast-paced industries.

Application Breakdown
The report identifies Quality Assurance & Quality Control (QAQC) and Tracking & Management as leading applications, with the latter garnering the largest market share and growth. RFID's adoption in Tracking & Management is noted for its transformative effect on inventory and asset oversight, curtailing issues of misplacement and theft while promoting visibility and accuracy.

End-Use Sector Insights
The Retail industry emerges as a top user of RFID Technology. It affords retailers increased supply chain transparency, from manufacturing through to final product retail. The Healthcare & Medical and Manufacturing sectors also demonstrate promising growth prospects in RFID application. The global outreach and intricacies of the RFID Technology market reflect its significance as a cornerstone in the evolving landscape of industry, commerce, and data-driven operational efficiency. The growth indicators suggest an industry on the verge of realizing its full potential in the digital era, underscoring RFID's pivotal role in the transformation of global business practices.
Key Attributes:

Report Attribute	Details
No. of Pages	390
Forecast Period	2024 - 2030
Estimated Market Value (USD) in 2024	$18.6 Billion
Forecasted Market Value (USD) by 2030	$40.6 Billion
Compound Annual Growth Rate	13.9%
Regions Covered	Global

Key Metrics

• Historical Period: 2021-2023
• Base Year: 2024
• Forecast Period: 2024-2030
• Units: Value market in US$
• Companies Mentioned: 60+

RFID Market by Geographic Region

• North America (The United States, Canada and Mexico)
• Europe (France, Germany, Italy, Russia, Spain, The United Kingdom and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• South America (Argentina, Brazil and Rest of South America)
• Middle East & Africa

RFID Market by Component

• Readers
• Tags
  • Active Tags
  • Passive Tags
• Software, Middleware & Services
• RIFD Passive Tags by Frequency
  
  • Low Frequency
  • High Frequency
  • Ultra-High Frequency
  RFID Market by Application
  
  • Quality Assurance & Quality Control (QAQC)
  • Tracking & Management
    • Crops, Forest Produce & Livestock
    • Financial & Physical Assets
    • Inventory
    • Production
  • Supply Chain

RFID Market by End-Use Sector

• Agriculture
• Automotive
• Healthcare & Medical
• Logistics & Transportation
• Manufacturing
• Retail
• Other End-Use Sectors (Primarily including Aerospace & Defense, Apparel, Commercial, Financial Services, Food & Beverages, Government, Hospitality and Security Access & Control)

Companies Featured

• 3M Company
• ACTAtek (UK) Ltd
• Alfi Srl
• Alien Technology
• ams-OSRAM AG
• Ascendent ID, Inc.
• Assa Abloy AB
• Atmel Corp
• Avery Dennison Corp
• Bar Code India Ltd
• Bartech Data Systems Pvt Ltd
• Bartronics India Ltd
• Beijing Tangan
• BT Global Services
• CAEN RFID S.r.l.
• CCL Industries, Inc.
• Checkpoint Systems, Inc.
• Chengdu Mind Golden Card System Co Ltd
• ChuanDa KeHong New Technology
• CipherLab Co Ltd
• Codegate Ltd
• Confidex Ltd
• CoreRFID Ltd
• Cybra Corp
• Dahua Technology
• Datalogic SpA
• Datamax-O'Neil Corp
• Dorset Group BV
• eAgile, Inc.
• Feig Electronic GmbH
• Free Alliance Sdn Bhd
• Fujitsu Ltd
• GAO Group
• GlobeRanger Corp
• Guangdong Xinye
• Guangzhou Qinsong Digital Technology Co Ltd
• HID Global Corp
• Honeywell International, Inc.
• IBM Corp
• Identiv, Inc.
• Impinj, Inc.
• InfinIDTech
• Infotek Software & Systems (P) Ltd
• Invengo Information Technology Co Ltd
• Jadak Technologies, Inc.
• Laird Technologies
• Mojix
• Molex LLC
• Motorola Solutions, Inc.
• Nedap NV
• Neosid Pemetzrieder GmbH & Co KG
• NXP Semiconductors NV
• Omni ID
• Orange Tags Pte Ltd
• ORBCOMM
• Pepperl+Fuchs SE
• Pervasid
• Protrac iD Pty Ltd.
• Raviraj Technologies
• RF Code
• RFID, Inc.
• SAG Securitag Assembly Group Co Ltd
• SALTO Systems
• Sato Holdings Corp
• Savi Technology, Inc.
• Shanghai Super Electronic Technology Co Ltd
• Shenzhen Udohow Electronics Co Ltd
• Shenzhen ZD Technology Co Ltd
• Siemens AG
• SkyRFID LLC
• Smartrac NV
• SML Group Ltd
• STMicroelectronics NV
• Tagmaster AB
• Texas Instruments, Inc.
• Thin Film Electronics ASA
• Torchwood Technologies
• Unitech Electronics Co Ltd
• Vantage Ear Tag RFID Technology Co Ltd
• Vizinex RFID
• Wavetrend Ltd.
• William Frick & Co
• Xerox Corp
• Zebra Technologies Corp
• Zhejiang Laxcen Information Technology Co Ltd

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