Saudi Arabia Radio-Frequency Identification (RFID) Market Overview, 2029

Saudi Arabia Radio-Frequency Identification (RFID) Market Overview, 2029

The Saudi Arabian market for radio frequency identification, or RFID, is expanding and becoming more widely used in a variety of industries. In Saudi Arabia, RFID use was restricted during the late 1990s, when the technology was still in its early stages worldwide. RFID's early uses were mostly driven by the need for better inventory control and operational efficiency in industries like asset tracking, supply chain management, and logistics. In order to promote innovation in a number of industries and diversify the economy, the Saudi government introduced the Vision 2030 program in 2016. In order to increase production, efficiency, and competitiveness, Vision 2030 placed a strong emphasis on the use of cutting-edge technology like RFID and the digital transformation. Saudi Arabia's major industries adopted RFID technology more quickly as a result of government expenditures and initiatives. The retail, healthcare, transportation, and government sectors have all seen significant growth and modernization in Saudi Arabia's Radio-Frequency Identification (RFID) market throughout the last ten years. Saudi Arabia's Radio-Frequency Identification (RFID) market is still developing as a result of continuous expenditures in digital infrastructure, government encouragement of innovation, and rising industry demands for security and efficiency. The COVID-19 epidemic highlighted the importance of security measures in Saudi Arabia, since companies required them to adjust to changing work situations and risks. Businesses turned to adaptive security solutions because of remote work and a changing threat landscape. The incident made it clear how crucial adaptable and responsive security systems are.

According to the research report ""Saudi Arabia Market Overview, 2029,"" published by Bonafide Research, the Saudi Arabia Radio-Frequency Identification (RFID) Market was valued more than USD 400 million in 2023. The Saudi Arabian market for RFID and barcode printers is expanding due to the demand for effective inventory control, visibility in the supply chain, and asset tracking in different industries. The adoption of the technology is supported by its ability to record data in real-time and with accuracy. The nation's emphasis on improving inventory management and logistics drives the market for RFID and barcode printers even more. RFID technology is being used more and more by Saudi Arabian industries, such as government, manufacturing, retail, logistics, and healthcare, to automate procedures and modernize operations. RFID helps companies to lower costs, boost productivity, and make better decisions by streamlining operations, optimizing asset tracking, improving inventory management, and improving supply chain visibility. The population of Saudi Arabia is young and tech-savvy, and they are adopting new technology like RFID. This generates a significant need for solutions that provide speed, ease of use, and enhanced services all of which RFID easily provides. The Saudi Arabian Radio-Frequency Identification (RFID) market provides specialized solutions made to meet the unique demands and specifications of different sectors. For asset tracking, solutions range from passive and active RFID tags to complex RFID systems coupled with cloud computing, IoT, and artificial intelligence (AI) for advanced applications.

Based on the Product type the market is divided into Tags, Readers, and Software & Services. In fact, the relevance of the Saudi Arabian Radio-Frequency Identification (RFID) market's Readers segment is rising. The emergence of varied RFID applications in Saudi Arabia across multiple sectors has made readers compatible with varying tag types and operating frequencies essential. Multiple specialized readers are not necessary when using interoperable readers, which provide the freedom to interact with tags from different manufacturers and distributed across diverse applications.

Based on the Tag Type the market is divided into Passive, Active. In Saudi Arabia, the RFID (Radio Frequency Identification) market's passive segment is becoming more significant. In general, passive RFID technology is less expensive than active RFID technology. Because of its low cost, it is especially desirable for broad implementation in Saudi Arabia's retail, logistics, healthcare, and manufacturing sectors. The Internet of Things (IoT) and cloud-based platforms can be easily connected with passive RFID technology to facilitate real-time data collecting, analysis, and decision-making. This integration allows data-driven insights across many industries in Saudi Arabia, increases visibility, and boosts operational efficiency.

Based on the Frequency the market is divided into Low Frequency (30 KHz to 300 KHz), High Frequency (3 to 30 MHz), and Ultra-High Frequency (300 MHz to 3GHz). In the Saudi Arabian RFID (Radio Frequency Identification) industry, the High Frequency (3 to 30 MHz) segment is becoming more significant. Contactless transactions and data transmission are made possible by high-frequency RFID technology, namely HF RFID (13.56 MHz). Applications like contactless payments, access control, and ticketing systems are using HF RFID technology in Saudi Arabia, where there is a growing focus on digitization and convenience. Identification badges, access cards, and transit cards are just a few of the smart card applications that make extensive use of HF RFID technology. The need for HF RFID solutions is being driven by the implementation of contactless smart card systems for parking lots, public transportation, and government services in major Saudi cities including Riyadh, Jeddah, and Dammam.

Based on the Application type the market is divided into Retail Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defense, Animal Tracking/Agriculture, Commercial Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.). In Saudi Arabia's RFID (Radio Frequency Identification) industry, the logistics and supply chain segment is growing in importance despite the retail segment's decline. Saudi Arabia has an economy that is expanding quickly, with booming sectors like manufacturing, petrochemicals, oil and gas, retail, and healthcare. The need for effective supply chain and logistics solutions grows as these industries develop and grow, which propels the use of RFID technology to streamline operations, boost transparency, and cut expenses. Growing international trade, expanding e-commerce platforms, and rising consumer demand are all contributing to a steady increase in the volume and complexity of trade and logistics activities in Saudi Arabia. Through real-time tracking, monitoring, and control of commodities across the supply chain made possible by RFID technology, efficiency is increased overall by decreasing delays and increasing visibility.

Considered in this report:
• Geography: Saudi Arabia
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• Saudi Arabia Radio-Frequency Identification (RFID) market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product type:
• Tags
• Readers
• Software & Services
• Others

By Tag Type:
• Passive
• Active

By Frequency:
• Low Frequency (30 KHz to 300 KHz)
• High Frequency (3 to 30 MHz)
• Ultra-High Frequency (300 MHz to 3GHz)

By Application:
• Retail
• Healthcare
• Logistics & Supply Chain
• Transportation
• Aerospace & Defense
• Animal Tracking/Agriculture
• Commercial
• Security and Access Control
• Others (Apparel, Food, Sports, Ticketing, etc.)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Radio-Frequency Identification (RFID) Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.The Saudi Arabian market for radio frequency identification, or RFID, is expanding and becoming more widely used in a variety of industries. In Saudi Arabia, RFID use was restricted during the late 1990s, when the technology was still in its early stages worldwide. RFID's early uses were mostly driven by the need for better inventory control and operational efficiency in industries like asset tracking, supply chain management, and logistics. In order to promote innovation in a number of industries and diversify the economy, the Saudi government introduced the Vision 2030 program in 2016. In order to increase production, efficiency, and competitiveness, Vision 2030 placed a strong emphasis on the use of cutting-edge technology like RFID and the digital transformation. Saudi Arabia's major industries adopted RFID technology more quickly as a result of government expenditures and initiatives. The retail, healthcare, transportation, and government sectors have all seen significant growth and modernization in Saudi Arabia's Radio-Frequency Identification (RFID) market throughout the last ten years. Saudi Arabia's Radio-Frequency Identification (RFID) market is still developing as a result of continuous expenditures in digital infrastructure, government encouragement of innovation, and rising industry demands for security and efficiency. The COVID-19 epidemic highlighted the importance of security measures in Saudi Arabia, since companies required them to adjust to changing work situations and risks. Businesses turned to adaptive security solutions because of remote work and a changing threat landscape. The incident made it clear how crucial adaptable and responsive security systems are. According to the research report "Saudi Arabia Market Overview, 2029," published by Bonafide Research, the Saudi Arabia Radio-Frequency Identification (RFID) Market was valued more than USD 400 million in 2023. The Saudi Arabian market for RFID and barcode printers is expanding due to the demand for effective inventory control, visibility in the supply chain, and asset tracking in different industries. The adoption of the technology is supported by its ability to record data in real-time and with accuracy. The nation's emphasis on improving inventory management and logistics drives the market for RFID and barcode printers even more. RFID technology is being used more and more by Saudi Arabian industries, such as government, manufacturing, retail, logistics, and healthcare, to automate procedures and modernize operations. RFID helps companies to lower costs, boost productivity, and make better decisions by streamlining operations, optimizing asset tracking, improving inventory management, and improving supply chain visibility. The population of Saudi Arabia is young and tech-savvy, and they are adopting new technology like RFID. This generates a significant need for solutions that provide speed, ease of use, and enhanced services all of which RFID easily provides. The Saudi Arabian Radio-Frequency Identification (RFID) market provides specialized solutions made to meet the unique demands and specifications of different sectors. For asset tracking, solutions range from passive and active RFID tags to complex RFID systems coupled with cloud computing, IoT, and artificial intelligence (AI) for advanced applications. Based on the Product type the market is divided into Tags, Readers, and Software & Services. In fact, the relevance of the Saudi Arabian Radio-Frequency Identification (RFID) market's Readers segment is rising. The emergence of varied RFID applications in Saudi Arabia across multiple sectors has made readers compatible with varying tag types and operating frequencies essential. Multiple specialized readers are not necessary when using interoperable readers, which provide the freedom to interact with tags from different manufacturers and distributed across diverse applications. Based on the Tag Type the market is divided into Passive, Active. In Saudi Arabia, the RFID (Radio Frequency Identification) market's passive segment is becoming more significant. In general, passive RFID technology is less expensive than active RFID technology. Because of its low cost, it is especially desirable for broad implementation in Saudi Arabia's retail, logistics, healthcare, and manufacturing sectors. The Internet of Things (IoT) and cloud-based platforms can be easily connected with passive RFID technology to facilitate real-time data collecting, analysis, and decision-making. This integration allows data-driven insights across many industries in Saudi Arabia, increases visibility, and boosts operational efficiency. Based on the Frequency the market is divided into Low Frequency (30 KHz to 300 KHz), High Frequency (3 to 30 MHz), and Ultra-High Frequency (300 MHz to 3GHz). In the Saudi Arabian RFID (Radio Frequency Identification) industry, the High Frequency (3 to 30 MHz) segment is becoming more significant. Contactless transactions and data transmission are made possible by high-frequency RFID technology, namely HF RFID (13.56 MHz). Applications like contactless payments, access control, and ticketing systems are using HF RFID technology in Saudi Arabia, where there is a growing focus on digitization and convenience. Identification badges, access cards, and transit cards are just a few of the smart card applications that make extensive use of HF RFID technology. The need for HF RFID solutions is being driven by the implementation of contactless smart card systems for parking lots, public transportation, and government services in major Saudi cities including Riyadh, Jeddah, and Dammam. Based on the Application type the market is divided into Retail Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defense, Animal Tracking/Agriculture, Commercial Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.). In Saudi Arabia's RFID (Radio Frequency Identification) industry, the logistics and supply chain segment is growing in importance despite the retail segment's decline. Saudi Arabia has an economy that is expanding quickly, with booming sectors like manufacturing, petrochemicals, oil and gas, retail, and healthcare. The need for effective supply chain and logistics solutions grows as these industries develop and grow, which propels the use of RFID technology to streamline operations, boost transparency, and cut expenses. Growing international trade, expanding e-commerce platforms, and rising consumer demand are all contributing to a steady increase in the volume and complexity of trade and logistics activities in Saudi Arabia. Through real-time tracking, monitoring, and control of commodities across the supply chain made possible by RFID technology, efficiency is increased overall by decreasing delays and increasing visibility. Considered in this report: • Geography: Saudi Arabia • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • Saudi Arabia Radio-Frequency Identification (RFID) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Product type: • Tags • Readers • Software & Services • Others By Tag Type: • Passive • Active By Frequency: • Low Frequency (30 KHz to 300 KHz) • High Frequency (3 to 30 MHz) • Ultra-High Frequency (300 MHz to 3GHz) By Application: • Retail • Healthcare • Logistics & Supply Chain • Transportation • Aerospace & Defense • Animal Tracking/Agriculture • Commercial • Security and Access Control • Others (Apparel, Food, Sports, Ticketing, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Radio-Frequency Identification (RFID) Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.