조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년10월
RFID Market – Global Forecast to 2032
RFID 시장 : 제공 내용(태그, 리더, 소프트웨어 및 서비스), 태그 유형(액티브, 패시브), 웨이퍼 크기, 주파수(저주파, 고주파, 극초단파), 폼 팩터, 재료, 용도 및 지역별 – 2032년까지의 세계 예측
RFID Market by Offering (Tags, Readers, Software & Services), Tag Type (Active, Passive), Wafer Size, Frequency (Low Frequency, High Frequency, Ultra-high Frequency), Form Factor, Material, Application and Region – Global Forecast to 2032
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Report Overview
The RFID market is projected to reach USD 40.9 billion by 2032 from USD 15.8 billion in 2023; it is expected to grow at a CAGR of 11.1% from 2023 to 2032.
Increase in hybrid solutions to drive the growth of RFID market
The RFID market is experiencing an increased demand for hybrid solutions, which have been developed to address the limitations of single-technology RFID systems. Hybrid solutions offer a means to not only enable RFID technology deployment in areas with poor coverage but also reduce the need for additional infrastructure by leveraging existing technologies like Wi-Fi or GPS. RFID-based IoT solutions are gaining traction due to various factors propelling their adoption, including the decreasing cost of RFID tags, the widespread use of IP networks, and emerging business opportunities. These solutions facilitate the tracking of physical assets to enhance operational processes and cost-effectiveness across numerous industries and government entities.
The 8 Inch wafer size segment is holds the highest market in 2022
The 8-inch wafer size segment dominated the market share in 2022 as it represents the most widely produced wafers, measuring 8 inches or 200 mm in diameter. Among the market leaders, including Alien Technology, LLC, Impinj, Inc., and NXP Semiconductors, all utilize 8-inch wafers for their chip manufacturing processes. Many industry participants are hesitant to transition to 12-inch wafers due to the substantial equipment investment required. However, the market for other wafer sizes is anticipated to expand in the coming years, particularly with the expected reduction in the prices of 12-inch wafers. This price decrease is poised to bridge the gap between 8-inch and 12-inch wafers, facilitating a smoother transition for the industry towards the use of 12-inch wafers.
The Ultra-high Frequency segment, of RFID tags market by frequency is expected to grow at highest CAGR during the forecast period
Ultra-high frequency (UHF) tags can be categorized into two types based on their frequency range: passive tags and active tags. UHF passive RFID tags offer the greatest read range and highest reading speed among all passive tags. These tags operate within a frequency range of 860-960 MHz, often referred to as 900 or 915 MHz for simplicity. Typically, UHF passive tags can be read from an average distance of approximately 5-6 meters, with larger UHF passive tags capable of reading over 30 meters under ideal conditions. UHF passive tags find utility in applications that demand a read range exceeding 1 meter, such as asset tracking, asset counting, inventory management, supply chain management, vehicle tagging, and tagging in manufacturing equipment and product components. On the other hand, UHF active tags outperform passive UHF tags in terms of reading range, the number of concurrently connected tags, and continuous monitoring. However, they come at a significantly higher cost compared to passive UHF tags. This cost disparity stands as the primary reason why customers tend to favor passive UHF tags. Some companies offer semi-passive UHF tags that incorporate a battery, thereby extending the read range of passive UHF tags while remaining more cost-effective than active UHF tags. This development is anticipated to drive the RFID market for UHF passive tags.
North America region to hold largest market share in the RFID market in 2022
Factors such as increased adoption in diverse industries, compliance requirements, and the need for real-time data analytics are driving this expansion. RFID technology is being utilized for enhanced supply chain management, inventory control, and asset tracking, making it a valuable tool for businesses. Continuous innovation, a skilled workforce, and advanced infrastructure in North America further bolster the region’s position as a center for RFID research and development. This favorable environment creates lucrative prospects for companies in the RFID market, both established players and newcomers. Major players in the market such as Zebra Technologies Corp. (US), Alien Technology, LLC (US), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), GAO Group (Canada), HID Global Corporation (US), ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), Checkpoint Systems, Inc. (US), Identiv, Inc., Inc. (US), Jadak (US) are based in this region.
Breakdown of profiles of primary participants:
• By Company Type: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
• By Designation: C-level Executives = 25%, Directors = 35%, and Others = 40%
• By Region: North America = 35%, Europe = 30%, Asia Pacific = 25%, and Rest of the World = 10%
Major players profiled in this report:
The RFID market is dominated by established players such as Zebra Technologies Corp. (US), Alien Technology, LLC (US), CAEN RFID S.r.L. (Italy), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), NXP Semiconductors (Netherlands), GAO Group (Canada), HID Global Corporation (US), Invengo Information Technology Co., Ltd. (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Ltd. (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (SAG) (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc., Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US).
Research coverage
This report offers detailed insights into the RFID market based on Offering (Tags, Readers, Software & Services), by Tag (Tag Type {Active, Passive}, Wafer Size {8 inches, 12 inches, Other Wafer Sizes}, Frequency {Low Frequency, High Frequency, Ultra-high Frequency}, Form Factor {Label, Key Fob, Band, Card, Implant, Paper Ticket, Other Form Factors}, Material {Paper, Glass, Plastic, Other Materials}), Application (Agriculture, Commercial, Transportation, Healthcare, Food, Apparel, Automotive, Aerospace, Defense, Logistics & Supply Chain, Security & Access Control, Retail, Sports, Animal Tracking, Ticketing), and Region (North America, Europe, Asia Pacific, and Rest of the World)- Global Forecast to 2032
The report also comprehensively reviews market drivers, restraints, opportunities, and challenges in the RFID market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Reasons to buy the report:
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the RFID market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities. This report includes statistics pertaining to the RFID market based on offering, tag type, wafer size, frequency, form factor, material, application, and region. Major drivers, restraints, opportunities, and challenges for the RFID market have been provided in detail in this report. The report includes illustrative segmentation, analysis, and forecast for the RFID market based on its segments.
The report provides insights on the following pointers:
Analysis of key drivers (Increasing need for RFID systems in manufacturing units for improving productivity, Availability of cost-effective RFID solutions and high returns on investments, Rising need for improving inventory management, Increasing government initiatives and regulations for safety and security, Increasing use of RFID solutions in healthcare organizations, Increasing adoption of RFID in retail sector, Surge in demand for RFID in electronic toll collection, Growing use of RFID solutions in banking), restraints (High initial cost associated with installation of RFID systems, Concerns regarding data security and privacy, Regulatory and legal challenges), opportunities (Increasing demand for hybrid RFID solutions Rising adoption of RFID tags for IoT and smart manufacturing, Developing regions creating opportunities for RFID market, Reduction in tag costs to create growth opportunities for RFID market) and challenges (Lack of backup for large volumes of data, Technical limitations with RFID integrated systems, Complexities related to RFID systems).
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the RFID market
Market Development: Comprehensive information about lucrative markets – the report analyses the RFID market across varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the RFID market
Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Zebra Technologies Corp. (US), Alien Technology, LLC (US), CAEN RFID S.r.L. (Italy), Impinj, Inc. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), NXP Semiconductors (Netherlands), GAO Group (Canada), HID Global Corporation (US), Invengo Information Technology Co., Ltd. (China), Infotek Software & Systems (P) Ltd (i-TEK) (India), Bartronics India Ltd. (India), Bartech Data Systems Pvt. Ltd., ORBCOMM Inc. (US), GlobeRanger (US), Mojix (US), SAG Securitag Assembly Group Co., Ltd. (SAG) (Taiwan), Linxens (France), Checkpoint Systems, Inc. (US), Identiv, Inc., Inc. (US), Confidex (Finland), Datalogic S.p.A. (Italy), Nedap N.V. (Netherlands), Jadak (US).
Table of Contents
1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.2.1 INCLUSIONS AND EXCLUSIONS 37
1.2.2 INCLUSIONS AND EXCLUSIONS, BY OFFERING 37
1.3 STUDY SCOPE 38
1.3.1 MARKETS COVERED 38
FIGURE 1 RFID MARKET: SEGMENTATION 38
1.3.2 REGIONAL SCOPE 39
1.3.3 YEARS CONSIDERED 39
1.4 CURRENCY CONSIDERED 40
1.5 UNIT CONSIDERED 40
1.6 LIMITATIONS 40
1.7 STAKEHOLDERS 40
1.8 SUMMARY OF CHANGES 41
1.9 RECESSION IMPACT 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 RFID MARKET: RESEARCH DESIGN 43
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 45
2.1.1.2 List of key secondary sources 45
2.1.2 PRIMARY DATA 45
2.1.2.1 Key data from primary sources 46
2.1.2.2 List of key interview participants 47
2.1.2.3 Breakdown of primaries 48
2.1.2.4 Key industry insights 48
2.1.3 SECONDARY AND PRIMARY RESEARCH 49
2.2 MARKET SIZE ESTIMATION 49
FIGURE 3 RFID MARKET: MARKET SIZE ESTIMATION PROCESS FLOW 50
2.2.1 TOP-DOWN APPROACH 50
2.2.1.1 Approach to estimate market size by top-down analysis 50
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 50
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY KEY PLAYERS IN RFID MARKET 51
2.2.2 BOTTOM-UP APPROACH 51
2.2.2.1 Approach to estimate market size by bottom-up analysis 51
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF KEY PLAYERS IN RFID MARKET 52
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF RFID MARKET, BY REGION 53
2.3 MARKET SHARE ESTIMATION 53
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 54
FIGURE 9 DATA TRIANGULATION 54
2.5 RESEARCH ASSUMPTIONS AND LIMITATIONS 55
2.5.1 RESEARCH ASSUMPTIONS 55
2.5.2 RESEARCH LIMITATIONS 55
2.6 RISK ASSESSMENT 56
TABLE 1 RISK FACTOR ANALYSIS 56
2.6.1 PARAMETERS CONSIDERED TO UNDERSTAND IMPACT OF RECESSION ON RFID MARKET 56
3 EXECUTIVE SUMMARY 57
FIGURE 10 TAGS SEGMENT TO HOLD LARGEST SHARE OF RFID MARKET IN 2032 58
FIGURE 11 PASSIVE TAGS SEGMENT TO DOMINATE RFID TAGS MARKET IN 2032 58
FIGURE 12 LABEL FORM FACTOR SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID TAGS MARKET IN 2023 59
FIGURE 13 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 60
4 PREMIUM INSIGHTS 61
4.1 MAJOR OPPORTUNITIES FOR PLAYERS IN RFID MARKET 61
FIGURE 14 ASIA PACIFIC TO EMERGE AS LUCRATIVE GROWTH AVENUE FOR RFID MARKET 61
4.2 RFID TAGS MARKET, BY FREQUENCY 61
FIGURE 15 ULTRA-HIGH FREQUENCY SEGMENT TO LEAD RFID TAGS MARKET IN 2032 61
4.3 RFID TAGS MARKET, BY MATERIAL 62
FIGURE 16 PAPER SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID TAGS MARKET IN 2032 62
4.4 RFID TAGS MARKET IN ASIA PACIFIC, BY APPLICATION AND COUNTRY 62
FIGURE 17 LOGISTICS AND SUPPLY CHAIN SEGMENT AND CHINA TO HOLD LARGEST SHARES OF RFID TAGS MARKET IN ASIA PACIFIC IN 2032 62
4.5 RFID TAGS MARKET, BY COUNTRY 63
FIGURE 18 JAPAN TO WITNESS HIGHEST CAGR IN RFID TAGS MARKET DURING FORECAST PERIOD 63
5 MARKET OVERVIEW 64
5.1 INTRODUCTION 64
5.2 HISTORY AND EVOLUTION 64
5.3 MARKET DYNAMICS 65
FIGURE 19 RFID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 65
5.3.1 DRIVERS 65
5.3.1.1 Increasing need for RFID systems in manufacturing units to improve productivity 65
5.3.1.2 Availability of cost-efficient RFID solutions and high returns on investments 66
5.3.1.3 Rising need to improve inventory management 67
TABLE 2 TYPICAL LOSSES IN DATA CENTERS DURING MANUAL ASSET MANAGEMENT FOR APPROXIMATELY 40 THOUSAND SQ. FT. AREA 67
5.3.1.4 Increasing government initiatives and regulations for safety and security 68
5.3.1.5 Growing use of RFID solutions in healthcare organizations 68
5.3.1.6 Increasing adoption of RFID in retail sector 69
5.3.1.7 Surging deployment of RFID in electronic toll collection 70
5.3.1.8 Rising implementation of RFID solutions in banking sector 70
FIGURE 20 RFID MARKET DRIVERS: IMPACT ANALYSIS 71
5.3.2 RESTRAINTS 72
5.3.2.1 High initial cost associated with installation of RFID systems 72
5.3.2.2 Data security and privacy concerns 72
5.3.2.3 Regulatory and legal issues pertaining to RFID technology 73
FIGURE 21 RFID MARKET RESTRAINTS: IMPACT ANALYSIS 73
5.3.3 OPPORTUNITIES 73
5.3.3.1 Surging demand for hybrid RFID solutions 73
5.3.3.2 Rising adoption of RFID tags in IoT and smart manufacturing 74
5.3.3.3 Developing regions creating opportunities for RFID market players 75
5.3.3.4 Reducing cost of RFID tags 75
FIGURE 22 RFID MARKET OPPORTUNITIES: IMPACT ANALYSIS 76
5.3.4 CHALLENGES 76
5.3.4.1 Lack of proper backup infrastructure for large volumes of data 76
5.3.4.2 Technical limitations with RFID-integrated systems 77
5.3.4.3 Complexities related to RFID systems 77
FIGURE 23 RFID MARKET CHALLENGES: IMPACT ANALYSIS 78
5.4 VALUE CHAIN ANALYSIS 78
FIGURE 24 RFID MARKET: VALUE CHAIN ANALYSIS 78
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 79
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 80
5.6 ECOSYSTEM MAPPING 80
TABLE 3 ROLE OF PARTICIPANTS IN RFID ECOSYSTEM 80
FIGURE 26 ECOSYSTEM ANALYSIS 81
5.7 PRICING ANALYSIS 82
5.7.1 COST ANALYSIS 82
5.7.1.1 Major factors affecting manufacturing cost 82
5.7.1.2 Manufacturing cost structure analysis 82
5.7.2 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS, BY APPLICATION 83
FIGURE 27 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS FOR THREE APPLICATIONS 83
TABLE 4 AVERAGE SELLING PRICE OF RFID SOLUTIONS PROVIDED BY KEY PLAYERS FOR THREE APPLICATIONS (USD) 83
5.7.3 AVERAGE SELLING PRICE TREND 84
FIGURE 28 ESTIMATED AVERAGE SELLING PRICE TRENDS FOR RFID TAGS AND READERS, 2019–2032 84
5.8 TECHNOLOGY ANALYSIS 84
5.8.1 RFID TECHNOLOGY COMPARISON 84
TABLE 5 COMPARISON OF RFID TAGS BASED ON ACTIVE AND PASSIVE FREQUENCIES 84
5.8.2 RFID IN REAL-TIME LOCATION SYSTEMS (RTLS) 85
5.8.3 RFID-ENABLED SENSORS 85
5.8.4 CLOUD-BASED RFID 85
5.8.5 RFID IN INTERNET OF THINGS (IOT) 86
5.8.6 INTEGRATION OF RFID WITH BLOCKCHAIN 86
5.8.7 NEAR-FIELD COMMUNICATION AND RFID HYBRID SOLUTIONS 87
5.8.8 BATTERY-ASSISTED PASSIVE RFID TECHNOLOGY 87
5.8.9 MINIATURIZED AND FLEXIBLE RFID TAGS 88
5.9 PORTER’S FIVE FORCES ANALYSIS 88
TABLE 6 RFID MARKET: PORTER’S FIVE FORCES ANALYSIS 88
FIGURE 29 RFID MARKET: PORTER’S FIVE FORCES ANALYSIS 89
5.9.1 THREAT OF NEW ENTRANTS 89
5.9.2 THREAT OF SUBSTITUTES 90
5.9.3 BARGAINING POWER OF SUPPLIERS 90
5.9.4 BARGAINING POWER OF BUYERS 91
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 91
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA 92
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS 92
FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 92
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS (%) 92
5.10.2 BUYING CRITERIA 93
FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 93
TABLE 8 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 93
5.11 CASE STUDY ANALYSIS 94
5.11.1 RFID IN HEALTHCARE 94
TABLE 9 IMPINJ, INC. FOCUSES ON USE OF RAIN RFID IN HEALTHCARE 94
5.11.2 RFID IN TRANSPORTATION 94
TABLE 10 FORZA CASH LOGISTICS USES ZEBRA HANDHELD MOBILE COMPUTERS TO PROVIDE REAL-TIME UPDATES AND REDUCE ERRORS WHILE TRANSPORTING VALUABLES 94
5.11.3 RFID IN LOGISTICS 95
TABLE 11 INVENGO EMPOWERED APPAREL BRAND ACHIEVED SMART LOGISTICS AND WAREHOUSING WITH RFID 95
5.11.4 RFID IN AGRICULTURE 96
TABLE 12 COÖPERATIE HOOGSTRATEN ALLOWS TRACKING STRAWBERRIES FROM FARM TO TABLE WITH RAIN RFID 96
5.11.5 RFID IN FOOD 97
TABLE 13 CAESARS ENTERTAINMENT GAINS REAL-TIME VISIBILITY INTO FOOD SAFETY WITH RFID SOLUTION FROM ZEBRA TECHNOLOGIES 97
5.11.6 RFID IN FOOD & WAREHOUSING 98
TABLE 14 LUIK NATIE KEEPS FROZEN FOODS ICE-COLD WITH RAIN RFID 98
5.11.7 RFID IN LAUNDRY 99
TABLE 15 ELIS IMPROVED WORKFLOWS BY AUTOMATING LAUNDRY TRACKING AND SORTING 99
5.11.8 RFID IN PUBLIC LIBRARY 100
TABLE 16 SMART RFID EXPERIENCE OF CHONGQING CITY PUBLIC LIBRARY 100
5.11.9 RFID IN AUTOMOTIVE 101
TABLE 17 SHOCKWATCH RFID HELPS AUTOMOTIVE MANUFACTURER TRACK INDIVIDUAL PRODUCT DAMAGE 101
5.11.10 RFID IN AIRPORT 101
TABLE 18 BRUSSELS AIRPORT ALLOWS FLYERS TO TRACK LUGGAGE WITH IMPINJ RFID 101
5.11.11 RFID IN PUBLIC AREAS 102
TABLE 19 LEADING AUSTRALIAN SKI RESORT IMPROVES GUEST EXPERIENCE USING RFID FROM ZEBRA TECHNOLOGIES 102
5.12 TRADE ANALYSIS 103
FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8523, 2018–2022 103
TABLE 20 EXPORT SCENARIO FOR HS CODE 8523-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 103
FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE 8523, 2018–2022 104
TABLE 21 IMPORT SCENARIO FOR HS CODE 8523-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION) 104
5.13 PATENT ANALYSIS 105
5.13.1 TOP PATENT OWNERS 105
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 105
5.13.2 PATENT TREND 105
FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022 105
TABLE 22 NUMBER OF PATENTS REGISTERED RELATED TO RFID MARKET IN LAST 10 YEARS 106
TABLE 23 LIST OF KEY PATENTS IN RFID MARKET, 2020–2023 107
5.14 KEY CONFERENCES AND EVENTS, 2023–2024 110
TABLE 24 LIST OF KEY CONFERENCES AND EVENTS IN RFID MARKET 110
5.15 REGULATORY LANDSCAPE 111
TABLE 25 RFID MARKET: REGULATORY LANDSCAPE 111
5.15.1 REGION-WISE REGULATORY ANALYSIS 112
5.15.2 NORTH AMERICA 112
TABLE 26 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 112
5.15.2.1 US 112
5.15.2.2 Canada 113
5.15.3 EUROPE 113
TABLE 27 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 113
5.15.4 ASIA PACIFIC 114
TABLE 28 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 114
5.15.4.1 Indonesia 114
5.15.4.2 India 114
5.15.5 ROW 114
TABLE 29 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 114
6 RFID MARKET, BY OFFERING 115
6.1 INTRODUCTION 116
FIGURE 36 RFID MARKET, BY OFFERING 116
TABLE 30 RFID MARKET, BY OFFERING, 2019–2022 (USD MILLION) 117
FIGURE 37 TAGS SEGMENT TO ACCOUNT FOR LARGEST SHARE OF RFID MARKET IN 2032 117
TABLE 31 RFID MARKET, BY OFFERING, 2023–2032 (USD MILLION) 117
6.2 TAGS 118
6.2.1 RISING USE OF TAGS TO IDENTIFY, TRACK, AND LOCATE ASSETS IN REAL TIME LOCATION TO FUEL MARKET GROWTH 118
6.3 READERS 118
6.3.1 GROWING ADOPTION OF RFID READERS IN LOGISTICS AND SUPPLY CHAIN APPLICATIONS TO FOSTER MARKET GROWTH 118
6.3.2 FIXED READERS 119
6.3.3 HANDHELD READERS 119
6.4 SOFTWARE AND SERVICES 120
6.4.1 INCREASING ADOPTION OF CLOUD-BASED DATA STORAGE SOLUTIONS TO DRIVE MARKET 120
7 RFID MARKET, BY TAG 122
7.1 INTRODUCTION 123
7.2 WAFER SIZE 123
TABLE 32 RFID TAGS MARKET, BY WAFER SIZE, 2019–2022 (USD MILLION) 123
FIGURE 38 8 INCHES SEGMENT TO DOMINATE RFID TAGS MARKET IN 2032 123
TABLE 33 RFID TAGS MARKET, BY WAFER SIZE, 2023–2032 (USD MILLION) 124
7.3 TAG TYPE 124
TABLE 34 RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 124
FIGURE 39 PASSIVE RFID TAGS TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 125
TABLE 35 RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 125
TABLE 36 RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (BILLION UNITS) 125
TABLE 37 RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (BILLION UNITS) 125
7.3.1 PASSIVE TAGS 126
7.3.1.1 Deployment to transmit information over short distances without requiring external power source to contribute to demand 126
TABLE 38 PASSIVE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 127
TABLE 39 PASSIVE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 128
7.3.2 ACTIVE TAGS 128
7.3.2.1 Longer read range and ability to monitor assets in real time to drive market 128
TABLE 40 ACTIVE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 129
TABLE 41 ACTIVE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 130
7.4 FREQUENCY 130
TABLE 42 RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 130
FIGURE 40 ULTRA-HIGH FREQUENCY SEGMENT TO DOMINATE RFID TAGS MARKET DURING FORECAST PERIOD 131
TABLE 43 RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 131
7.4.1 LOW 131
7.4.1.1 Animal tagging and access control applications to boost demand for low-frequency tags 131
TABLE 44 LOW: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 132
TABLE 45 LOW: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 132
7.4.2 HIGH 133
7.4.2.1 Short read range applications to boost demand for high-frequency RFID tags 133
TABLE 46 HIGH: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 133
TABLE 47 HIGH: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 134
7.4.3 ULTRA-HIGH 134
7.4.3.1 Implementation of UHF tags in long read range and fast data transfer applications to drive market 134
TABLE 48 ULTRA-HIGH: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 135
TABLE 49 ULTRA-HIGH: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 136
7.5 FORM FACTOR 136
TABLE 50 RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 136
FIGURE 41 LABEL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 137
TABLE 51 RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 137
7.5.1 CARD 138
7.5.1.1 Wide adoption for access control applications in enterprises to foster market growth 138
TABLE 52 CARD: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 138
TABLE 53 CARD: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 139
7.5.2 IMPLANT 139
7.5.2.1 Growing use of RFID implants to track livestock to contribute to market growth 139
TABLE 54 IMPLANT: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 140
TABLE 55 IMPLANT: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 140
7.5.3 KEY FOB 140
7.5.3.1 Rising adoption of RFID key fobs to ensure quick and accurate inventory management to support market growth 140
TABLE 56 KEY FOB: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 140
TABLE 57 KEY FOB: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 141
7.5.4 LABEL 141
7.5.4.1 Increasing use of RFID labels by manufacturers and retailers to improve supply chain visibility to drive market 141
TABLE 58 LABEL: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 142
TABLE 59 LABEL: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 142
7.5.5 PAPER TICKET 143
7.5.5.1 Surging employment of RFID paper tickets for effective queue management and enhanced safety at large gatherings to fuel market growth 143
TABLE 60 PAPER TICKET: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 143
TABLE 61 PAPER TICKET: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 143
7.5.6 BAND 144
7.5.6.1 Growing deployment of RFID bands in staff monitoring, patient monitoring, or access control applications to drive segmental growth 144
TABLE 62 BAND: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 144
TABLE 63 BAND: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 144
7.5.7 OTHER FORM FACTORS 145
TABLE 64 OTHER FORM FACTORS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 145
TABLE 65 OTHER FORM FACTORS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 146
7.6 MATERIAL 146
TABLE 66 RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 146
FIGURE 42 PAPER SEGMENT TO REGISTER HIGHEST CAGR IN RFID TAGS MARKET DURING FORECAST PERIOD 147
TABLE 67 RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 147
7.6.1 PLASTIC 148
7.6.1.1 Access control, identification, and animal tracking applications to drive market 148
TABLE 68 PLASTIC: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 148
TABLE 69 PLASTIC: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 149
7.6.2 PAPER 149
7.6.2.1 Versatile applications in RFID labels, tickets, and bands to fuel segmental growth 149
TABLE 70 PAPER: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 150
TABLE 71 PAPER: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 151
7.6.3 GLASS 151
7.6.3.1 Rising adoption of RFID technology in animal welfare and management to support segmental growth 151
TABLE 72 GLASS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 151
TABLE 73 GLASS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 152
7.6.4 OTHER MATERIALS 152
TABLE 74 OTHER MATERIALS: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 152
TABLE 75 OTHER MATERIALS: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 153
8 RFID MARKET, BY APPLICATION 154
8.1 INTRODUCTION 155
TABLE 76 RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 155
FIGURE 43 LOGISTICS AND SUPPLY CHAIN SEGMENT TO HOLD LARGEST SHARE OF RFID TAGS MARKET IN 2032 156
TABLE 77 RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 157
TABLE 78 RFID MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 157
TABLE 79 RFID MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 158
8.1.1 AGRICULTURE 158
8.1.1.1 Growing use of RFID tags for cold chain monitoring to drive segment 158
TABLE 80 AGRICULTURE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 159
TABLE 81 AGRICULTURE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 159
TABLE 82 AGRICULTURE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 159
TABLE 83 AGRICULTURE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 160
TABLE 84 AGRICULTURE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 160
TABLE 85 AGRICULTURE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 160
TABLE 86 AGRICULTURE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 160
TABLE 87 AGRICULTURE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 161
TABLE 88 AGRICULTURE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 161
TABLE 89 AGRICULTURE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 161
8.1.2 COMMERCIAL 162
8.1.2.1 Surging adoption of RFID in asset tracking and inventory management applications to accelerate segmental growth 162
TABLE 90 COMMERCIAL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 163
TABLE 91 COMMERCIAL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 163
TABLE 92 COMMERCIAL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 163
TABLE 93 COMMERCIAL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 163
TABLE 94 COMMERCIAL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 164
TABLE 95 COMMERCIAL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 164
TABLE 96 COMMERCIAL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 164
TABLE 97 COMMERCIAL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 164
TABLE 98 COMMERCIAL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 165
TABLE 99 COMMERCIAL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 165
8.1.3 TRANSPORTATION 165
8.1.3.1 Increasing deployment of RFID technology in road tolling and parking management systems to fuel market growth 165
TABLE 100 TRANSPORTATION: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 166
TABLE 101 TRANSPORTATION: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 166
TABLE 102 TRANSPORTATION: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 166
TABLE 103 TRANSPORTATION: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 166
TABLE 104 TRANSPORTATION: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 167
TABLE 105 TRANSPORTATION: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 167
TABLE 106 TRANSPORTATION: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 167
TABLE 107 TRANSPORTATION: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 167
TABLE 108 TRANSPORTATION: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 168
TABLE 109 TRANSPORTATION: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 168
8.1.4 HEALTHCARE 168
8.1.4.1 Growing adoption of RFID to ensure efficient, secure, and patient-centered care to support segmental growth 168
TABLE 110 HEALTHCARE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 169
TABLE 111 HEALTHCARE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 169
TABLE 112 HEALTHCARE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 169
TABLE 113 HEALTHCARE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 170
TABLE 114 HEALTHCARE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 170
TABLE 115 HEALTHCARE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 170
TABLE 116 HEALTHCARE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 170
TABLE 117 HEALTHCARE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 171
TABLE 118 HEALTHCARE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 171
TABLE 119 HEALTHCARE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 171
8.1.5 APPAREL 172
8.1.5.1 Major applications such as product tracking, quality control, and inventory check to boost demand for RFID tags 172
TABLE 120 APPAREL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 172
TABLE 121 APPAREL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 173
TABLE 122 APPAREL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 173
TABLE 123 APPAREL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 173
TABLE 124 APPAREL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 173
TABLE 125 APPAREL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 174
TABLE 126 APPAREL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 174
TABLE 127 APPAREL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 174
TABLE 128 APPAREL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 174
TABLE 129 APPAREL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 175
8.1.6 FOOD 175
8.1.6.1 Increasing focus on food safety to drive adoption of RFID tags 175
TABLE 130 FOOD: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 175
TABLE 131 FOOD: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 176
TABLE 132 FOOD: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 176
TABLE 133 FOOD: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 176
TABLE 134 FOOD: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 176
TABLE 135 FOOD: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 177
TABLE 136 FOOD: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 177
TABLE 137 FOOD: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 177
TABLE 138 FOOD: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 177
TABLE 139 FOOD: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 178
8.1.7 AUTOMOTIVE 178
8.1.7.1 Growing use of RFID to track real-time movement of vehicles from assembly line to distribution process to contribute to market growth 178
TABLE 140 AUTOMOTIVE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 179
TABLE 141 AUTOMOTIVE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 179
TABLE 142 AUTOMOTIVE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 179
TABLE 143 AUTOMOTIVE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 179
TABLE 144 AUTOMOTIVE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 179
TABLE 145 AUTOMOTIVE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 180
TABLE 146 AUTOMOTIVE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 180
TABLE 147 AUTOMOTIVE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 180
TABLE 148 AUTOMOTIVE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 180
TABLE 149 AUTOMOTIVE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 181
8.1.8 LOGISTICS AND SUPPLY CHAIN 181
8.1.8.1 Pressing need for real-time supply chain visibility to boost adoption of RFID 181
TABLE 150 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 182
TABLE 151 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 182
TABLE 152 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 182
TABLE 153 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 182
TABLE 154 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 183
TABLE 155 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 183
TABLE 156 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 183
TABLE 157 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 183
TABLE 158 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 184
TABLE 159 LOGISTICS AND SUPPLY CHAIN: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 184
8.1.9 AEROSPACE 184
8.1.9.1 Increasing use of RFID in baggage tagging applications to fuel market growth 184
TABLE 160 AEROSPACE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 185
TABLE 161 AEROSPACE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 185
TABLE 162 AEROSPACE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 185
TABLE 163 AEROSPACE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 185
TABLE 164 AEROSPACE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 186
TABLE 165 AEROSPACE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 186
TABLE 166 AEROSPACE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 186
TABLE 167 AEROSPACE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 186
TABLE 168 AEROSPACE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 187
TABLE 169 AEROSPACE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 187
8.1.10 DEFENSE 187
8.1.10.1 Surging utilization in border security and weapon movement tracking applications to support RFID market growth 187
TABLE 170 DEFENSE: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 188
TABLE 171 DEFENSE: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 188
TABLE 172 DEFENSE: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 188
TABLE 173 DEFENSE: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 188
TABLE 174 DEFENSE: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 188
TABLE 175 DEFENSE: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 189
TABLE 176 DEFENSE: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 189
TABLE 177 DEFENSE: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 189
TABLE 178 DEFENSE: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 189
TABLE 179 DEFENSE: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 190
8.1.11 RETAIL 190
8.1.11.1 Focus of retail industry on reducing counterfeiting to augment adoption of RFID tags 190
TABLE 180 RETAIL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 190
TABLE 181 RETAIL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 191
TABLE 182 RETAIL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 191
TABLE 183 RETAIL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 191
TABLE 184 RETAIL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 191
TABLE 185 RETAIL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 192
TABLE 186 RETAIL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 192
TABLE 187 RETAIL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 192
TABLE 188 RETAIL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 192
TABLE 189 RETAIL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 193
8.1.12 SECURITY AND ACCESS CONTROL 193
8.1.12.1 Large-scale adoption of RFID cards in physical access control and payment applications to improve market outlook 193
TABLE 190 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 193
TABLE 191 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 194
TABLE 192 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 194
TABLE 193 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 194
TABLE 194 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 194
TABLE 195 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 195
TABLE 196 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 195
TABLE 197 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 195
TABLE 198 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 196
TABLE 199 SECURITY AND ACCESS CONTROL: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 196
8.1.13 SPORTS 196
8.1.13.1 Growing adoption of RFID tags in sports activities to contribute to market growth 196
TABLE 200 SPORTS: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 197
TABLE 201 SPORTS: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 197
TABLE 202 SPORTS: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 197
TABLE 203 SPORTS: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 197
TABLE 204 SPORTS: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 198
TABLE 205 SPORTS: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 198
TABLE 206 SPORTS: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 198
TABLE 207 SPORTS: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 198
TABLE 208 SPORTS: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 199
TABLE 209 SPORTS: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 199
8.1.14 ANIMAL TRACKING 199
8.1.14.1 Extensive use of RFID to manage and monitor the health and well-being of animals to accelerate demand 199
TABLE 210 ANIMAL TRACKING: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 200
TABLE 211 ANIMAL TRACKING: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 200
TABLE 212 ANIMAL TRACKING: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 200
TABLE 213 ANIMAL TRACKING: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 200
TABLE 214 ANIMAL TRACKING: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 200
TABLE 215 ANIMAL TRACKING: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 201
TABLE 216 ANIMAL TRACKING: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 201
TABLE 217 ANIMAL TRACKING: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 201
TABLE 218 ANIMAL TRACKING: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 201
TABLE 219 ANIMAL TRACKING: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 202
8.1.15 TICKETING 202
8.1.15.1 Increasing use of RFID for cashless payments and access control at public events and transportation hubs to support market growth 202
TABLE 220 TICKETING: RFID TAGS MARKET, BY TAG TYPE, 2019–2022 (USD MILLION) 202
TABLE 221 TICKETING: RFID TAGS MARKET, BY TAG TYPE, 2023–2032 (USD MILLION) 203
TABLE 222 TICKETING: RFID TAGS MARKET, BY FREQUENCY, 2019–2022 (USD MILLION) 203
TABLE 223 TICKETING: RFID TAGS MARKET, BY FREQUENCY, 2023–2032 (USD MILLION) 203
TABLE 224 TICKETING: RFID TAGS MARKET, BY FORM FACTOR, 2019–2022 (USD MILLION) 203
TABLE 225 TICKETING: RFID TAGS MARKET, BY FORM FACTOR, 2023–2032 (USD MILLION) 203
TABLE 226 TICKETING: RFID TAGS MARKET, BY MATERIAL, 2019–2022 (USD MILLION) 204
TABLE 227 TICKETING: RFID TAGS MARKET, BY MATERIAL, 2023–2032 (USD MILLION) 204
TABLE 228 TICKETING: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 204
TABLE 229 TICKETING: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 204
9 RFID MARKET, BY REGION 205
9.1 INTRODUCTION 206
FIGURE 44 RFID MARKET: REGIONAL SNAPSHOT 206
TABLE 230 RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 206
FIGURE 45 RFID TAGS MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2023 TO 2032 206
TABLE 231 RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 207
TABLE 232 RFID MARKET, BY REGION, 2019–2022 (USD MILLION) 207
TABLE 233 RFID MARKET, BY REGION, 2023–2032 (USD MILLION) 207
9.2 NORTH AMERICA 208
FIGURE 46 NORTH AMERICA: RFID TAGS MARKET SNAPSHOT 209
TABLE 234 NORTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 209
TABLE 235 NORTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION) 210
TABLE 236 NORTH AMERICA: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 210
TABLE 237 NORTH AMERICA: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 211
9.2.1 US 211
9.2.1.1 Presence of numerous RFID vendors to support market growth 211
9.2.2 CANADA 212
9.2.2.1 Healthcare sector to generate growth opportunities for RFID solution providers 212
9.2.3 MEXICO 213
9.2.3.1 Focus on reducing industrial accidents to fuel adoption of RFID solutions 213
9.2.4 IMPACT OF RECESSION ON RFID MARKET IN NORTH AMERICA 214
9.3 EUROPE 214
FIGURE 47 EUROPE: RFID TAGS MARKET SNAPSHOT 215
TABLE 238 EUROPE: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 216
TABLE 239 EUROPE: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION) 216
TABLE 240 EUROPE: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 217
TABLE 241 EUROPE: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 218
9.3.1 UK 219
9.3.1.1 Supportive government regulations to boost demand for RFID tags 219
9.3.2 GERMANY 220
9.3.2.1 Manufacturing industry to underpin RFID market growth 220
9.3.3 FRANCE 220
9.3.3.1 High adoption of RFID by aircraft manufacturing companies to support market growth 220
9.3.4 ITALY 221
9.3.4.1 Need for effective asset management to drive RFID adoption 221
9.3.5 RUSSIA 221
9.3.5.1 Increasing demand from railway and energy industries to drive RFID market 221
9.3.6 POLAND 222
9.3.6.1 Logistics applications to propel demand for RFID solutions 222
9.3.7 REST OF EUROPE 222
9.3.8 IMPACT OF RECESSION ON RFID MARKET IN EUROPE 222
9.4 ASIA PACIFIC 223
FIGURE 48 ASIA PACIFIC: RFID TAGS MARKET SNAPSHOT 224
TABLE 242 ASIA PACIFIC: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 225
TABLE 243 ASIA PACIFIC: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION) 225
TABLE 244 ASIA PACIFIC: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 226
TABLE 245 ASIA PACIFIC: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 227
9.4.1 JAPAN 228
9.4.1.1 Significant demand from healthcare and retail sectors to support RFID market growth 228
9.4.2 CHINA 228
9.4.2.1 Rapid automation of manufacturing processes to boost adoption of RFID technology 228
9.4.3 SOUTH KOREA 229
9.4.3.1 Large-scale adoption of RFID solutions by food and electronics industries to favor market players 229
9.4.4 INDIA 229
9.4.4.1 Defense and healthcare industries in India to drive market 229
9.4.5 AUSTRALIA AND NEW ZEALAND 230
9.4.5.1 Healthcare industry to offer growth opportunities for RFID market 230
9.4.6 ASEAN 231
9.4.6.1 Increasing demand for RFID in healthcare and supply chain applications to support market growth 231
9.4.7 REST OF ASIA PACIFIC 231
9.4.8 IMPACT OF RECESSION ON RFID MARKET IN ASIA PACIFIC 232
9.5 ROW 232
TABLE 246 ROW: RFID TAGS MARKET, BY REGION, 2019–2022 (USD MILLION) 232
FIGURE 49 ROW: RFID TAGS MARKET SNAPSHOT 232
TABLE 247 ROW: RFID TAGS MARKET, BY REGION, 2023–2032 (USD MILLION) 233
TABLE 248 ROW: RFID TAGS MARKET, BY APPLICATION, 2019–2022 (USD MILLION) 233
TABLE 249 ROW: RFID TAGS MARKET, BY APPLICATION, 2023–2032 (USD MILLION) 234
9.5.1 SOUTH AMERICA 234
9.5.1.1 Brazil 234
9.5.1.1.1 Focus on achieving safety in industrial operations to augment demand for RFID solutions 234
9.5.1.2 Rest of South America 235
TABLE 250 SOUTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 235
TABLE 251 SOUTH AMERICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION) 235
9.5.2 MIDDLE EAST & AFRICA 236
9.5.2.1 South Africa 236
9.5.2.1.1 Retail industry to witness huge demand for RFID 236
9.5.2.2 Turkey 237
9.5.2.2.1 Introduction of upgraded tolling systems to improve market outlook 237
9.5.2.3 Saudi Arabia and UAE 237
9.5.2.3.1 Healthcare sector to propel demand for RFID 237
9.5.2.4 Rest of Middle East & Africa 238
TABLE 252 MIDDLE EAST & AFRICA: RFID TAGS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 238
TABLE 253 MIDDLE EAST & AFRICA: RFID TAGS MARKET, BY COUNTRY, 2023–2032 (USD MILLION) 239
9.5.3 IMPACT OF RECESSION ON RFID MARKET IN ROW 239
10 COMPETITIVE LANDSCAPE 240
10.1 OVERVIEW 240
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 240
TABLE 254 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN RFID MARKET FROM 2020 TO 2023 241
10.2.1 PRODUCT PORTFOLIO 242
10.2.2 REGIONAL FOCUS 242
10.2.3 MANUFACTURING FOOTPRINT 242
10.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 242
10.3 MARKET SHARE ANALYSIS, 2022 243
TABLE 255 RFID MARKET: DEGREE OF COMPETITION, 2022 243
10.4 FIVE-YEAR COMPANY REVENUE ANALYSIS, 2018–2022 244
FIGURE 50 FIVE-YEAR REVENUE ANALYSIS OF KEY COMPANIES 244
10.5 KEY COMPANY EVALUATION MATRIX, 2022 248
FIGURE 51 RFID MARKET (GLOBAL): KEY COMPANY EVALUATION MATRIX, 2022 248
10.5.1 STARS 249
10.5.2 EMERGING LEADERS 249
10.5.3 PERVASIVE PLAYERS 249
10.5.4 PARTICIPANTS 250
10.5.5 COMPANY FOOTPRINT 250
TABLE 256 OVERALL COMPANY FOOTPRINT 250
TABLE 257 COMPANY APPLICATION FOOTPRINT 251
TABLE 258 COMPANY REGION FOOTPRINT 252
10.6 STARTUP/SME EVALUATION MATRIX, 2022 252
FIGURE 52 RFID MARKET (GLOBAL): STARTUP/SME EVALUATION MATRIX, 2022 253
10.6.1 PROGRESSIVE COMPANIES 253
10.6.2 RESPONSIVE COMPANIES 253
10.6.3 DYNAMIC COMPANIES 254
10.6.4 STARTING BLOCKS 254
TABLE 259 RFID MARKET: LIST OF KEY STARTUPS/SMES 254
10.6.5 COMPETITIVE BENCHMARKING 255
TABLE 260 RFID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 255
10.7 COMPETITIVE SCENARIO 255
10.7.1 PRODUCT LAUNCHES 255
TABLE 261 PRODUCT LAUNCHES, JANUARY 2020–SEPTEMBER 2023 256
10.7.2 DEALS 258
TABLE 262 DEALS, JANUARY 2020–SEPTEMBER 2023 258
11 COMPANY PROFILES 260
(Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)*
11.1 KEY PLAYERS 260
11.1.1 ZEBRA TECHNOLOGIES CORP. 260
TABLE 263 ZEBRA TECHNOLOGIES CORP.: COMPANY OVERVIEW 260
FIGURE 53 ZEBRA TECHNOLOGIES CORP.: COMPANY SNAPSHOT 261
TABLE 264 ZEBRA TECHNOLOGIES CORP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 262
TABLE 265 ZEBRA TECHNOLOGIES CORP.: PRODUCT LAUNCHES 263
11.1.2 IMPINJ, INC. 266
TABLE 266 IMPINJ, INC.: COMPANY OVERVIEW 266
FIGURE 54 IMPINJ, INC.: COMPANY SNAPSHOT 267
TABLE 267 IMPINJ, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 267
TABLE 268 IMPINJ, INC.: PRODUCT LAUNCHES 269
11.1.3 HONEYWELL INTERNATIONAL INC. 272
TABLE 269 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 272
FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 273
TABLE 270 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 273
11.1.4 AVERY DENNISON CORPORATION 276
TABLE 271 AVERY DENNISON CORPORATION: COMPANY OVERVIEW 276
FIGURE 56 AVERY DENNISON CORPORATION: COMPANY SNAPSHOT 277
TABLE 272 AVERY DENNISON CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 277
TABLE 273 AVERY DENNISON CORPORATION: PRODUCT LAUNCHES 279
TABLE 274 AVERY DENNISON CORPORATION: DEALS 281
TABLE 275 AVERY DENNISON CORPORATION: OTHERS 283
11.1.5 NXP SEMICONDUCTORS 285
TABLE 276 NXP SEMICONDUCTORS: COMPANY OVERVIEW 285
FIGURE 57 NXP SEMICONDUCTORS: COMPANY SNAPSHOT 286
TABLE 277 NXP SEMICONDUCTORS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 286
TABLE 278 NXP SEMICONDUCTORS: PRODUCT LAUNCHES 287
TABLE 279 NXP SEMICONDUCTORS: DEALS 287
11.1.6 ALIEN TECHNOLOGY, LLC 289
TABLE 280 ALIEN TECHNOLOGY, LLC: COMPANY OVERVIEW 289
TABLE 281 ALIEN TECHNOLOGY, LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 289
TABLE 282 ALIEN TECHNOLOGY, LLC: PRODUCT LAUNCHES 291
11.1.7 CAEN RFID S.R.L. 292
TABLE 283 CAEN RFID S.R.L.: COMPANY OVERVIEW 292
TABLE 284 CAEN RFID S.R.L.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 292
TABLE 285 CAEN RFID S.R.L.: PRODUCT LAUNCHES 294
TABLE 286 CAEN RFID: DEALS 296
11.1.8 GAO GROUP 297
TABLE 287 GAO GROUP: COMPANY OVERVIEW 297
TABLE 288 GAO GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 297
11.1.9 HID GLOBAL CORPORATION 300
TABLE 289 HID GLOBAL CORPORATION: COMPANY OVERVIEW 300
TABLE 290 HID GLOBAL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 301
TABLE 291 HID GLOBAL CORPORATION: PRODUCT LAUNCHES 302
TABLE 292 HID GLOBAL CORPORATION: DEALS 303
11.1.10 INVENGO INFORMATION TECHNOLOGY CO., LTD. 307
TABLE 293 INVENGO INFORMATION TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 307
TABLE 294 INVENGO INFORMATION TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 308
11.2 OTHER PLAYERS 309
11.2.1 MOJIX 309
11.2.2 SAG SECURITAG ASSEMBLY GROUP CO., LTD 310
11.2.3 LINXENS 312
11.2.4 CHECKPOINT SYSTEMS, INC. 313
11.2.5 IDENTIV, INC. 315
11.2.6 CONFIDEX 316
11.2.7 DATALOGIC S.P.A. 318
11.2.8 NEDAP N.V. 319
11.2.9 JADAK 321
11.2.10 UNITECH ELECTRONICS CO., LTD. 323
11.2.11 INFOTEK SOFTWARE & SYSTEMS (P) LTD. 324
11.2.12 BARTRONICS INDIA LIMITED 325
11.2.13 BARTECH DATA SYSTEMS PVT. LTD. 326
11.2.14 GLOBERANGER 327
11.2.15 ORBCOMM 328
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, MnM view (Key strengths/Right to win, Strategic choices made, Weakness/competitive threats)* might not be captured in case of unlisted companies.
12 APPENDIX 329
12.1 DISCUSSION GUIDE 329
12.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 333
12.3 CUSTOMIZATION OPTIONS 335
12.4 RELATED REPORTS 335
12.5 AUTHOR DETAILS 336
