- Radio-Frequency Identification (RFID) technology utilizes electromagnetic fields to automatically identify and track tags attached to objects
- These tags contain electronically stored information, which can be remotely captured by RFID readers. RFID facilitates non-contact, wireless communication between the tag and reader, enabling efficient identification and data retrieval in various applications
- China is expected to dominate the Radio-Frequency Identification Technology (RFID) market with 26.4% due to government has actively promoted the adoption of RFID through policies and investments, particularly in infrastructure and smart city projects
- India is expected to be the fastest growing region in the Radio-Frequency Identification Technology (RFID) market during the forecast period due to the adoption of RFID technology is expanding beyond traditional applications such as access control and inventory management
- The tags segment is expected to dominate the market with a market share with due to widespread adoption of RFID tags across various industries for applications such as inventory management, asset tracking, and access control
