Global RFID Tags Market, By Wafer Size (200mm, 300mm, Others), Tag Type (Passive RFID, Active RFID), Frequency (Low Frequency, High Frequency, Ultra-High Frequency, Active Ultra-High Frequency), Application (Agriculture, Commercial, Transportation, Healthcare, Logistic & Supply Chain, Aerospace, Defense, Retail, Security & Access Control, Sports), Form Factor (Button, Card, Implants, Key Fob, Label, Paper Tickets, Wristband, Others), Material (Plastic, Paper, Metal, Glass, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The RFID tags market is expected to witness market growth at a 7.6% in the forecast period of 2021 to 2028 and is expected to reach USD 6.74 billion by 2028. Data Bridge Market Research report on RFID tags market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The high requirement of a robust supply chain is escalating the growth of RFID tags market.
Radio-frequency identification (RFID) tags refer to labels used in the packaging industry that have been equipped with radio-frequency identification technology. The presence of the technology in tags enhances transparency in supply chain of the consumer goods and improves the effectiveness and efficiency of the supply chain.
The increase in the adoption of radiofrequency identification (RFID) tags because of their flexibility, low power requirement and location assistance and high utilization in industrial sectors such as oil and gas, construction, e-Commerce, retail and port management among others are the major factors driving the RFID tags market. The technological advancement such as development of cutting-edge RFID tags with wide coverage and long-range capabilities and increasing demand for IC-based and surface acoustic wave (SAW) RFID tags accelerate the RFID tags market growth. The rising number of research and development activities to improve the accuracy, functionality and overall performance of RFID tags and high demand RFID tags as they are known to be cost-effective and offer numerous benefits to end users influences the RFID tags market. Additionally, growth of e-Commerce ecosystem, penetration of internet of things (IoT), improvement in the RFID technology and government initiatives and growing emphasis on improving productivity management positively affect the RFID tags market. Furthermore, clampdown on pharmaceutical drug counterfeiting and RFID tag with sensor extend profitable opportunities to the RFID tags market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the installation of RFID system and device interoperability are the factors expected to obstruct the RFID tags market growth. Lack of awareness and scarcity of backend data support are projected to challenge the RFID tags market in the forecast period of 2021 to 2028.
This RFID tags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on RFID tags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
RFID Tags Market Scope and Market Size
The RFID tags market is segmented on the basis of wafer size, tag type, frequency, application, form factor and material. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of wafer size, the RFID tags market is segmented into 200mm, 300mm and others.
- On the basis of tag type, the RFID tags market is segmented into passive RFID and active RFID.
- On the basis of frequency, the RFID tags market is segmented into low frequency, high frequency, ultra-high frequency and active ultra-high frequency.
- On the basis of application, the RFID tags market is segmented into agriculture, commercial, transportation, healthcare, logistic and supply chain, aerospace, defense, retail, security & access control and sports.
- On the basis of form factor, the RFID tags market is segmented into button, card, implants, key fob, label, paper tickets, wristband and others.
- On the basis of material, the RFID tags market is segmented into plastic, paper, metal, glass and others.
Global RFID Tags Market Country Level Analysis
The RFID tags market is analyzed and market size, volume information is provided by country, wafer size, tag type, frequency, application, form factor and material as referenced above.
The countries covered in the global RFID tags market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the RFID tags market due to the increasing government initiatives for the adoption of RFID tags, growth of retail industry and presence of key players. Asia-Pacific is expected to witness the highest CAGR during the forecast period of 2021 to 2028 because of the rising industrial expansion, rapid urbanization and growth of population in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and RFID Tags Market Share Analysis
The RFID tags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to RFID tags market.
The major players covered in the RFID tags market report are GlobeRanger, Impinj, Inc., Invengo Technology Pte. Ltd., MOJIX, Motorola Mobility LLC, Nedap - Technology for live, NXP Semiconductors, Vizinex RFID, HID Global Corporation, ASSA ABLOY AB, TrackX, RFID Global Solution, Tag Factory, RF Code, CoreRFID, Tageos, ams AG, Alien Technology, LLC, AWID, AVERY DENNISON CORPORATION, Stora Enso, CAEN RFID S.r.l., Checkpoint Systems, Inc., GAO RFID, Smartrac N.V., Zebra Technologies Corp., Honeywell International Inc., SAG Securitag Assembly Group Co., LTD, Identiv, Inc., Confidex Ltd., Omni-ID among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global RFID Tags Market
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