Global RFID Market Size, Share, Opportunities, And Trends By Product Type (Tags, Readrers, Softwares & Services), By Components (Cards, Impants, Labels, Band, Others), By Wafer Size (8 Inch, 12 Inch, Others), By Material (Glass, Plastic, Paper, Others), By Industry (Transportation, Healthcare, Agriculture, Hospitality, Manufacturing, Automotive, Retail, Others), And By Geography - Forecasts From 2025 To 2030

RFID Market Size:

The RFID Market is expected to grow from US$14.694 billion in 2025 to US$24.122 billion in 2030, at a CAGR of 10.42%.

RFID technology is used to collect data from RFID chips or smart labels. Moreover, RFID tags have an integrated circuit and an antenna for sending information to the RFID reader. An RFID reader sends a signal to an RFID tag, which the tag responds to with a signal containing data. The information gathered from the RFID tags by readers is also communicated to a host computer system via a communications interface, where it can be stored in a database and later analyzed. A single serial number to numerous pages of data can all be stored on an RFID chip.

RFID Market Growth Drivers:

• Factors driving the demand for the global RFID market include the rising government initiatives and the need for RFID systems in healthcare and manufacturing units.

The primary reasons driving the growth of this market are the increasing need for low-cost RFID solutions, the growing requirement to reduce manual data capture and entry errors, and the growing number of government initiatives using RFID tags on cars. Additionally, Industry 4.0 and the expanding use of RFID technologies in smart city initiatives are anticipated to provide major growth opportunities for this market.

RFID technology is used to track the records of patients, the RFID band is wrapped around their wrists. The patient is monitored through RFID. The band contains all necessary information, including name, medical history, allergies, etc. RFID can inform a doctor whether a patient is allergic to any medications when they have been caring for them for a long period. Surgery is aided by the patient's medical history because of important details. It is also used in equipment, medicinal & pharma-related tracking.

• Government organizations are developing laws to increase the adoption of Automatic Identification and Data Capture (AIDC) technology in a variety of industries and improvements in existing RFID technology.

These rules are meant to assist businesses in ensuring improved information visibility, increasing operational effectiveness, lowering operating costs through accurate data capture and fewer data input errors, and raising customer happiness. For instance, the Centre for Railway Information Systems (CRIS) and GS1 India collaborated in 2020 to develop a new sector of the AIDC industry in India specifically suited for the needs of the Indian Railways, in order to accurately track and trace railway movement across India with a focus on safety. Over the past few decades, RFID tags have become incredibly popular due to a variety of aspects, such as adaptability and low power consumption. Numerous industrial sectors, including petroleum, infrastructure, retail, and container terminals, etc., employ RFID tags.

The rising use of RFID tags in the manufacturing sector is also helping to drive its demand, as it ensures the efficient execution of various procedures. Additionally, RFID technology is frequently used in the retail sector to track inventory products till they are delivered to various department stores; this is expected to create favorable conditions for the market's expansion over the estimated time. RFID market growth is anticipated to be restricted by the high costs associated with the manufacturing of RFID tags and their reader.

RFID Market Restraints:

• High installation cost associated with the RFID system

RFID tags and readers are expensive to produce and the cost of installation may range from US$2 Mn to US$5 Mn which is a major restraining factor associated with its installation. Barcode scanners are ten times less expensive than RFID technology. A significant alternative to RFIDs is the barcode reader. Despite the fact that RFID is a more adaptable and useful technology, barcoding will still be widely used because of its low cost. The cost element is a significant barrier to the growth of the global RFID market.

RFID Market Geographical Outlook:

• The Asia Pacific is expected to hold a significant market share in the global market.

Over the forecast period, the Asia Pacific region is estimated to grow significantly and hold a substantial share of the market. The demand for RFID solutions in the region has been driven by the fast-expanding implementation and research activity in the field of automation and a major expansion of Industry 4.0. The expansion of these RFID technologies in manufacturing facilities to increase productivity has been a major contributor to the region's economy. The region's RFID industry is expanding as a result of the rising use of electronic identity cards and RFID tags included in smart cards.

The growth of the RFID market has been the developing retail sector, with the rising retailers' focus on integrating digital technologies to improve customer shopping experiences and streamline the warehouse management process. One of the effective technologies for managing products and materials in a manufacturing setting is RFID. The market's expansion has been fuelled by the region's rising manufacturing sector as well as the industry's growing use of automation and Industrial Internet of Things (IoT) technologies.

RFID Market Segmentation:

• By Product Type
  • Tags
    • Passive
    • Active
  • Readrers
  • Softwares & Services
• By Components
  • Cards
  • Impants
  • Labels
  • Band
  • Others
• By Wafer Size
  • 8 Inch
  • 12 Inch
  • Others
• By Material
  • Glass
  • Plastic
  • Paper
  • Others
• By Industry
  • Transportation
  • Healthcare
  • Agriculture
  • Hospitality
  • Manufacturing
  • Automotive
  • Retail
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • The Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Indonesia
    • Vietnam
    • Others 

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

 

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

 

3. EXECUTIVE SUMMARY

3.1. Research Highlights

 

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Powers of Buyers

4.3.3. Threat of Substitutes

4.3.4. The Threat of New Entrants

4.3.5. Competitive Rivalry in Industry

4.4. Industry Value Chain Analysis

 

5. GLOBAL RFID MARKET, BY PRODUCT TYPE

5.1. Introduction

5.2. Tags

5.2.1. Passive

5.2.2. Active

5.3. Readers

5.4. Software & Solutions

 

6. GLOBAL RFID MARKET, BY COMPONENT

6.1. Introduction

6.2. Cards

6.3. Implants

6.4. Labels

6.5. Bands

6.6. Others

 

7. GLOBAL RFID MARKET, BY FREQUENCY

7.1. Introduction

7.2. Low Frequency

7.3. High Frequency

 

8. GLOBAL RFID MARKET, BY MATERIAL

8.1. Introduction

8.2. Glass

8.3. Plastic

8.4. Paper

8.5. Others

 

9. GLOBAL RFID MARKET, BY INDUSTRY

9.1. Introduction

9.2. Transportation

9.3. Healthcare

9.4. Hospitality

9.5. Manufacturing

9.6. Automotive

9.7. Retail

9.8. Others

 

10. GLOBAL RFID MARKET ANALYSIS, BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil 

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. United Kingdom

10.4.2. Germany

10.4.3. France

10.4.4. Spain

10.4.5. Others

10.5. The Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. Japan

10.6.3. India

10.6.4. South Korea 

10.6.5. Thailand

10.6.6. Indonesia

10.6.7. Vietnam

10.6.8. Others 

 

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Emerging Players and Market Lucrative

11.3. Mergers, Acquisition, Agreements, and Collaborations

11.4. Vendor Competitiveness Matrix

 

12. COMPANY PROFILES

12.1. Alien Technology, LLC.

12.2. Avery Dennison Corporation

12.3. Bluebird, Inc.

12.4. CAEN RFID S.r.l.

12.5. Datalogic S.p.A.

12.6. GAO RFID Inc.

12.7. Honeywell International, Inc.

12.8. Identiv, Inc.

12.9. Impinj, Inc.

12.10. Invengo Technology Pte. Ltd.

Alien Technology, LLC.

Avery Dennison Corporation

Bluebird, Inc.

CAEN RFID S.r.l.

Datalogic S.p.A.

GAO RFID Inc.

Honeywell International, Inc.

Identiv, Inc.

Impinj, Inc.

Invengo Technology Pte. Ltd.