Radio Frequency Identification (RFID) Technology

Global Radio Frequency Identification (RFID) Technology Market to Reach US$97.5 Billion by 2030

The global market for Radio Frequency Identification (RFID) Technology estimated at US$43.5 Billion in the year 2024, is expected to reach US$97.5 Billion by 2030, growing at a CAGR of 14.4% over the analysis period 2024-2030. Tags, one of the segments analyzed in the report, is expected to record a 16.0% CAGR and reach US$51.8 Billion by the end of the analysis period. Growth in the Readers segment is estimated at 12.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 17.6% CAGR

The Radio Frequency Identification (RFID) Technology market in the U.S. is estimated at US$11.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.5 Billion by the year 2030 trailing a CAGR of 17.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 10.8% and 13.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

Global Radio Frequency Identification (RFID) Technology Market - Key Trends & Drivers Summarized

Radio Frequency Identification (RFID) technology has become a cornerstone in various industries, offering a method for wirelessly transferring data via electromagnetic fields to automatically identify and track tags attached to objects. RFID systems consist of tags, readers, and a software application. The tags, equipped with an antenna and a microchip, store information about the items to which they are attached. The readers, using radio waves, communicate with these tags to retrieve stored data, which is then processed by the software to provide actionable insights. This technology is highly versatile, being employed in supply chain management, asset tracking, inventory control, and even in personal identification applications like passports and access cards. The ability of RFID to provide real-time data without line-of-sight limitations sets it apart from traditional barcoding systems, making it a preferred choice for many applications.

Technological advancements in RFID have significantly enhanced its capabilities and applications. Modern RFID systems offer higher data storage capacities, longer read ranges, and improved accuracy and speed in data processing. Innovations such as passive RFID, which does not require a power source, have broadened the use cases, particularly in inventory and asset management, where long-term tagging is beneficial. Additionally, the integration of RFID with other technologies like the Internet of Things (IoT) and blockchain has opened new avenues for data security, transparency, and automation. For instance, in the retail sector, RFID combined with IoT can provide end-to-end visibility of products, from manufacturing to the consumer, enabling better inventory management and reducing theft. In healthcare, RFID tags on medical equipment and pharmaceuticals ensure accurate tracking and enhance patient safety.

The growth in the RFID market is driven by several factors. Firstly, the increasing need for inventory management and asset tracking across various industries, including retail, manufacturing, and logistics, has significantly boosted the demand for RFID technology. Secondly, advancements in technology, such as the development of more affordable and efficient RFID tags and readers, have made this technology accessible to a broader range of businesses. Thirdly, the rising importance of supply chain visibility and transparency, particularly in light of global trade complexities and the COVID-19 pandemic, has underscored the value of RFID systems. Additionally, regulatory mandates for tracking and authenticating products in industries such as pharmaceuticals and food and beverages are propelling the adoption of RFID technology. The growing integration of RFID with emerging technologies such as IoT and blockchain is driving innovation and expanding capabilities and applications of RFID systems. Together, these factors are fostering a dynamic and rapidly growing market for RFID technology, offering significant opportunities for continued development and adoption.

SCOPE OF STUDY:

The report analyzes the Radio Frequency Identification (RFID) Technology market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Tags, Readers, Software, Other Types); Component (Passive RFID, Active RFID, Other Components); End-Use (Transportation & Logistics, Retail, Healthcare, Food & Beverages, Hospitality, Government, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 180 Featured) -

• 3M Company
• Avery Dennison Corporation
• ams AG
• Alien Technology
• Bartronics India Ltd.
• ASSA ABLOY AB
• Ascendent ID, Inc.
• Argent International, Inc.
• Bartec Auto ID Ltd.
• Applied Wireless IDentifications Group (AWID), Inc.
• ACC Systems, Inc.
• Beijing ChinaReader Technology CO.,Ltd
• 1st Choice Security Solutions, Inc.
• AsReader, Inc.
• Beacon Events Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.