- RFID (Radio Frequency Identification) tags are essential components in modern tracking and data capture systems, enabling automatic identification and real-time data transmission across a variety of industries
- RFID tags are widely used in applications such as supply chain management, inventory tracking, asset management, and contactless payment systems
- The demand for RFID tags in LATAM is significantly driven by the rising need for supply chain transparency, operational efficiency, and regulatory compliance across industries such as retail, logistics, healthcare, and agriculture
- Brazil and Mexico emerge as the dominant markets within LATAM, supported by rapid digital transformation, expanding retail networks, and government initiatives promoting smart infrastructure
- For instance, major retail chains and logistics companies in Brazil have adopted RFID to streamline inventory management, reduce shrinkage, and improve last-mile delivery accuracy. Mexico’s customs and border control systems are also increasingly utilizing RFID for cargo tracking and security monitoring
- In LATAM, RFID tags market is experiencing robust growth, fueled by increasing adoption across industries such as retail, logistics, agriculture, healthcare, and manufacturing
