RFID Market Synopsis

The global RFID Market was valued at USD 15.85 Billion in 2023 and is likely to reach USD 41.21 Billion by 2032, increasing at a CAGR of 11.2% from 2024 to 2032.

Radio Frequency Identification (RFID) alludes to a remote framework comprised of two components: labels and perusers. The peruser could be a gadget that has one or more radio wires that transmit radio waves and get signals back from the RFID tag.

• Supply chain administration and coordination’s make widespread utilization of RFID innovation. Sensor-based RFID innovation is being progressively coordinates into item bundling to track and follow the root of the item and anticipate any source of defilement or altering inside the supply chain. 
• Coordination’s and transportation are major zones of execution for RFID innovation. Stockroom administration, yard administration, shipping and cargo, and dispersion centres are a few of the zones where RFID following innovation is as a rule utilized. Radio Frequency Identification (RFID) essentially alludes to a remote framework comprising two major components: labels and perusers. The peruser is fundamentally a gadget comprising one or more receiving wires that radiates radio waves and get signals back from the RFID labels. The labels, which make utilize of radio waves to communicate their character and other significant data to the adjacent perusers, can be inactive or dynamic sort.
• The detached RFID labels are primarily fuelled by the perusers and don't have a battery. Be that as it may, the dynamic sort RFID labels are fuelled by batteries. These RFID labels can store a wide run of data, right from one serial number to a few pages of pivotal information. The RFID perusers are advertised in a versatile frame calculate so that they can be carried by hand or can either be mounted on a post or overhead.
• One of the foremost common utilizations of RFID innovation has been following products within the supply chain, following parts moving to a fabricating generation line, following resources, security, and instalment frameworks that let clientele pay for things without using cash. In expansion, RFID is as often as possible utilized within the healthcare industry on persistent wristbands to offer tamper-proof, correct distinguishing proof for office get to control and security. Besides, different dispersion centres and warehouses around the globe have been contributing in moving forward their handle productivity to extend the productivity of the in general forms as a portion of their change programs.

RFID Market Trend Analysis

RFID Facilitates Seamless Integration with Automation and The Internet of Things (Iot)

• RFID empowers programmed and real-time information capture concerning labelled objects or resources, counting points of interest like area, status, temperature, and other significant measurements. This upgrades resource perceivability all through different forms, helping in way better decision-making and operational effectiveness. RFID consistently coordinating into IoT stages, acting as a significant information source among interconnected gadgets and sensors. By combining RFID information with IoT stages, businesses get comprehensive bits of knowledge into operations, permitting for optimized forms and educated decision-making. RFID encourages handle mechanization by activating activities or workflows based on predefined rules or occasions.
• For occasion, RFID perusers naturally distinguish labelled things entering or clearing out particular zones, provoking activities such as stock upgrades, arrange fulfilment, or alarms for potential issues, in this way streamlining operations. In supply chain administration, RFID guarantees end-to-end perceivability of products as they navigate different stages. By coordination RFID information with IoT stages and supply chain administration frameworks, businesses optimize stock levels, streamline coordination’s, minimize blunders, and upgrade conveyance precision, eventually progressing supply chain proficiency.
• RFID is instrumental in resource following and administration, giving real-time observing of resource area, condition, and utilization. Integration of RFID information with resource administration frameworks empowers businesses to improve resource utilization, anticipate misfortune or robbery, plan proactive upkeep, and drag out resource life expectancy. In retail, RFID integration with IoT empowers personalized shopping encounters, streamlined checkout forms, and moved forward item accessibility.
• Leveraging RFID information inside IoT environments, retailers pick up bits of knowledge into client inclinations, optimize store formats, and provide focused on advancements or suggestions, in this manner upgrading the in general client encounter. RFID-enabled gadgets and sensors encourage farther checking and control inside IoT biological systems. This capability is profitable over businesses like fabricating, utilities, and healthcare, empowering businesses to track and oversee resources or forms from anyplace with web network, improving operational effectiveness, security, and compliance.

Opportunities

RFID With Blockchain Technology

• Innovation sets up a decentralized and permanent record where all value-based information, counting RFID tag peruses and related data, is safely recorded. Each exchange, such as Blockchain the development of products over the supply chain, is cryptographically secured and connected to earlier exchanges, making an unalterable review path. Integration of RFID information with blockchain empowers real-time recording of each development and exchange of merchandise all through the supply chain. This straightforwardness enables partners to follow the travel of items from root to the conclusion customer.
• Customers can confirm items by checking RFID labels and getting to comparing blockchain records, guaranteeing genuineness and provenance. RFID labels can be encoded with special identifiers connected to passages on the blockchain. This empowers moment confirmation of item genuineness all through the supply chain and at the point of deal. The nonattendance of veritable RFID labels or changes in blockchain records can promptly recognize fake items, moderating extortion dangers.
• Blockchain-enabled RFID frameworks increase the trouble for forgers to penetrate the supply chain undetected. The permanent nature of blockchain records quickly banners any endeavour to alter with or imitate item data. This acts as an obstacle against fake exercises, protecting brand judgment and buyer believe. Blockchain-based RFID frameworks cultivate believe and collaboration among supply chain accomplices by advertising straightforward and dependable exchange records. Shared get to blockchain records guarantees arrangement of data among partners, minimizing debate and improving responsibility over the supply chain environment. Blockchain-enabled RFID frameworks give a strong system for assembly administrative necessities concerning item traceability, realness, and security.
• Precise and auditable records of item developments and qualities encourage compliance with industry directions. Integration of RFID with blockchain innovation opens roads for imaginative arrangements and trade models. For occurrence, savvy contracts can robotize particular supply chain exchanges based on predefined conditions, such as activating instillment discharge upon conveyance affirmation.

Market Segment Analysis:

Market Segmented based on Offerings, By Wafer Size, By Frequency, By Form, By Material, By Application and region.

By Form Factor, Card Is Expected to Dominate the Market During the Forecast Period 2024-2032

By Form Factor segmented in Card, Implant, Key Fob, Label, Paper Ticket, Band, Other Form Factors

• RFID cards are broadly utilized in get to control frameworks to oversee section to buildings, workplaces, stopping offices, and limited regions inside foundations. Each RFID card is encoded with a one-of-a-kind identifier that gifts get to authorized people when displayed to RFID card perusers introduced at section focuses. This innovation essentially improves security by engaging organizations to direct and screen get to particular ranges, subsequently defending delicate data and resources.
• RFID cards, moreover known as savvy or travel cards, serve as the essential implies for admission collection in open transportation frameworks like buses, trains, metros, and cable cars. Travelers preload stores onto these cards and essentially tap them on RFID perusers at entryways or admission doors to pay for their rides. This strategy gives a consistent and effective way to oversee admission exchanges, assisting traveller boarding forms and diminishing clog at travel stations.
• RFID cards are broadly utilized for contactless instalments in different retail situations, counting stores, eateries, and amusement scenes. These cards, commonly alluded to as contactless credit or charge cards, empower clients to conduct exchanges by tapping or waving the card close RFID-enabled instalment terminals. Contactless instalments offer speed and comfort at the point of deal, improving client fulfilment by minimizing exchange times and encouraging hassle-free buys.
• RFID cards are outlined to be compact and lightweight, guaranteeing ease of carrying in wallets, satchels, or connected to keychains. Their smooth frame figure permits clients to carry them nearby other fundamentals without including bulk, guaranteeing that people continuously have their RFID cards promptly available for getting to offices, utilizing open transportation, or making instalments whereas on the move. In spite of their little measure, RFID cards are designed to resist the rigors of every day utilize. Developed from strong materials such as PVC or ABS plastic, these cards are safe to twisting, scratching, and dampness.

By Material, Plastic industry held the largest share

By Material segmented as Plastic, Paper and Glass

• Plastic RFID labels and cards are profoundly versatile, able of withstanding wear and tear in different situations. They persevere introduction to dampness, changes in temperature, and physical stretch, guaranteeing steady execution over delayed periods. Plastic RFID labels and cards offer unparalleled flexibility in plan. They can be made in a heap of shapes, sizes, and setups to meet particular prerequisites. Customization alternatives such as printing, embossing, or laminating permit for the joining of branding, data, or security highlights, catering to different application needs.
• Plastic RFID labels and cards exceed expectations in coherence, encouraging consistent information transmission for RFID frameworks. They display compatibility with a wide extend of RFID frequencies, counting LF, HF, and UHF, and can be optimized for particular examined ranges and applications. This guarantees solid and productive communication between RFID perusers and labels.
• Plastic RFID labels and cards offer a cost-effective arrangement for large-scale sending over businesses and applications. The versatility of plastic RFID generation empowers effective fabricating in tall volumes, driving to diminished per-unit costs. This adaptability improves availability to RFID innovation, making it a practical and reasonable choice for businesses of all sizes.
• The graph depicts, Number of Internet of Things (IoT) connected devices worldwide from 2020 to 2023, (in billions), 15.14 Billions in 2023.

Market Regional Insights: 

Asia Pacific Region is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific locale is expected to hold a significant share of the showcase and is anticipated to witness noteworthy development over the figure period. The quickly expanding execution and investigate work within the field of computerization and a critical extension of industry 4.0 have been driving the demand for RFID arrangements within the region. The region's development has been altogether driven by the expanding establishment of these RFID frameworks in fabricating units in order to move forward efficiency. The developing acknowledgment of electronic personality cards and RFID tags that are found in shrewd cards is additionally acting as a driver for the development of the RFID advertise within the locale.
• The growing retail segment, together with the rising retailers' centre on grasping advanced advances in arrange to improve the customer's shopping encounter and optimize the stockroom administration handle, has moreover been one of the key variables contributing to the development of the RFID advertise. RFID has been one of the effective innovations utilized to handle products and materials within the generation environment. The extending fabricating scene within the locale, coupled with the expanding appropriation of computerization and Mechanical Web of Things (IIoT) arrangements within the segment, has been moving the market's development. Too, the developing ventures in resource administration by organizations over different verticals and the rising require for contactless framework coupled with government activities such as keen cities will further drive the development of the showcase amid the figure period.
• The open transportation division is expected to be one of the ranges in which the showcase is anticipated to grow over the estimate period. Be that as it may, a few limitations are constraining the development of the showcase. The higher fetched related with introducing RFID frameworks may challenge the market's development. The gadget interoperability issues can moreover ruin the development of the showcase over the forecasted period. Nations such as India are anticipated to witness a surge within the appropriation of RFID innovation as businesses develop, and the COVID-19 widespread is expanding the require for contactless arrangements.

Market Top Key Players:

• Alien Technology (United States)

• Avery Dennison Corporation (United States)
• CCL Industries Inc. (Canada)
• Checkpoint Systems, Inc. (United States)
• Datalogic S.p.A. (Italy)
• HID Global Corporation (United States)
• Honeywell International Inc. (United States)
• Impinj, Inc. (United States)
• Invengo Technology Pte. Ltd. (Singapore)
• NXP Semiconductors N.V. (Netherlands)
• Omron Corporation (Japan)
• SATO Holdings Corporation (Japan)
• Secura Key (United States)
• SMARTRAC N.V. (Netherlands)
• Zebra Technologies Corporation (United States)
• Toshiba Corporation (Japan)
• Fujitsu Limited (Japan)
• Mojix, Inc. (United States)
• RFID Global Solution, Inc. (United States)
• GlobeRanger Corporation (United States)
• Gao RFID Inc. (Canada)
• Coresonant Systems Pvt. Ltd. (India)
• Thinkify ApS (Denmark)
• CAEN RFID S.r.l. (Italy)
• Jadak - A Novanta Company (United States)
• CipherLab Co., Ltd. (Taiwan)
• SmarTek Systems, Inc. (United States)
• Axcess International, Inc. (United States)
• Identiv, Inc. (United States)
• CCL Design Electronics (United States) and Other Major Players.

Key Industry Developments in the Market:

• In Sep 2023 - The AD Pure range launches with AD Belt U9 Pure loads and labels ideal for global apparel, retail, industrial and supply chain applications. They are compact in size and offer excellent performance with hard-to-detect or low-profile materials such as cardboard and plastic.
• In March 2023 - Invengo brought and presented various new generation products at EuroShop, such as UHF readers, tags, security gates and antennas, as well as ATID palm readers, which showed their advanced technology in the RFID industry. Invego also presented to visitors’ cases of RFID applications in smart stores, manufacturing, logistics and warehouses. Unlimited and open communication with guests has brought a new, intelligent and rewarding experience for everyone. 

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. RFID MARKET BY OFFERINGS (2017-2030)
   1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. TAGS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. READERS
   5. SOFTWARE & SERVICES
7. RFID MARKET BY WAFER SIZE (2017-2030)
   1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. 8 INCHES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. 12 INCHES AND OTHERS
8. RFID MARKET BY FREQUENCY (2017-2030)
   1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LOW FREQUENCY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. HIGH FREQUENCY
   5. ULTRA-HIGH FREQUENCY
9. RFID MARKET BY FORM FACTOR (2017-2030)
   1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CARD
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2030F)
      3. Historic And Forecasted Market Size in Volume (2017-2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. IMPLANT
   5. KEY FOB
   6. LABEL
   7. PAPER TICKET
   8. BAND AND OTHERS
10. RFID MARKET BY MATERIAL (2017-2030)
    1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. PLASTIC
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2017-2030F)
       3. Historic And Forecasted Market Size in Volume (2017-2030F)
       4. Key Market Trends, Growth Factors And Opportunities
       5. Geographic Segmentation Analysis
    4. PAPER
    5. GLASS
11. RFID MARKET BY APPLICATION (2017-2030)
    1. RFID MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. LOGISTICS
       1. Introduction And Market Overview
       2. Historic And Forecasted Market Size in Value (2017-2030F)
       3. Historic And Forecasted Market Size in Volume (2017-2030F)
       4. Key Market Trends, Growth Factors And Opportunities
       5. Geographic Segmentation Analysis
    4. AGRICULTURE
    5. COMMERCIAL
    6. TRANSPORTATION
    7. HEALTHCARE
    8. FOOD
    9. SECURITY & ACCESS CONTROL
    10. AUTOMOTIVE
12. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
       1. Competitive Benchmarking
       2. RFID Market Share By Manufacturer (2023)
       3. Industry BCG Matrix
       4. Heat Map Analysis
       5. Mergers & Acquisitions
    2. ALIEN TECHNOLOGY (UNITED STATES)
       1. Company Overview
       2. Key Executives
       3. Company Snapshot
       4. Role of the Company in the Market
       5. Sustainability and Social Responsibility
       6. Operating Business Segments
       7. Product Portfolio
       8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
       9. Key Strategic Moves And Recent Developments
       10. SWOT Analysis
    3. AVERY DENNISON CORPORATION (UNITED STATES)
    4. CCL INDUSTRIES INC. (CANADA)
    5. CHECKPOINT SYSTEMS, INC. (UNITED STATES)
    6. DATALOGIC S.P.A. (ITALY)
    7. HID GLOBAL CORPORATION (UNITED STATES)
    8. HONEYWELL INTERNATIONAL INC. (UNITED STATES)
    9. IMPINJ, INC. (UNITED STATES)
    10. INVENGO TECHNOLOGY PTE. LTD. (SINGAPORE)
    11. NXP SEMICONDUCTORS N.V. (NETHERLANDS)
    12. OMRON CORPORATION (JAPAN)
    13. SATO HOLDINGS CORPORATION (JAPAN)
    14. SECURA KEY (UNITED STATES)
    15. SMARTRAC N.V. (NETHERLANDS)
    16. ZEBRA TECHNOLOGIES CORPORATION (UNITED STATES)
    17. TOSHIBA CORPORATION (JAPAN)
    18. FUJITSU LIMITED (JAPAN)
    19. MOJIX, INC. (UNITED STATES)
    20. RFID GLOBAL SOLUTION, INC. (UNITED STATES)
    21. GLOBERANGER CORPORATION (UNITED STATES)
    22. GAO RFID INC. (CANADA)
    23. CORESONANT SYSTEMS PVT. LTD. (INDIA)
    24. THINKIFY APS (DENMARK)
    25. CAEN RFID S.R.L. (ITALY)
    26. JADAK - A NOVANTA COMPANY (UNITED STATES)
    27. CIPHERLAB CO., LTD. (TAIWAN)
    28. SMARTEK SYSTEMS, INC. (UNITED STATES)
    29. AXCESS INTERNATIONAL, INC. (UNITED STATES)
    30. IDENTIV, INC. (UNITED STATES)
    31. CCL DESIGN ELECTRONICS (UNITED STATES)
13. GLOBAL RFID MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Offerings
       4. Historic And Forecasted Market Size By Wafer Size
       5. Historic And Forecasted Market Size By Frequency
       6. Historic And Forecasted Market Size By Form Factor
       7. Historic And Forecasted Market Size By Material
       8. Historic And Forecasted Market Size By Application
       9. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
14. INVESTMENT ANALYSIS
15. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies