Global Radio Frequency Identification (RFID) Market 2024-2028

Global Radio Frequency Identification (RFID) Market 2024-2028

The radio frequency identification (RFID) market is forecasted to grow by USD 14.20 bn during 2023-2028, accelerating at a CAGR of 12.83% during the forecast period. The report on the radio frequency identification (RFID) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of inventory management systems, adoption of rfid solutions in cloud middleware, and increased adoption of rfid in e-commerce.

Technavio's radio frequency identification (RFID) market is segmented as below:

By Product

• RFID tags
• Middleware
• Passive RFID systems
• Active RFID systems

By End-user

• Industrial
• Retail
• BFSI
• Logistics
• Healthcare and others

By Geographical Landscape

• North America
• APAC
• Europe
• South America
• Middle East and Africa

This study identifies the growing use of RFID in data center management as one of the prime reasons driving the radio frequency identification (RFID) market growth during the next few years. Also, growing interest in smart retail stores and adoption of RFID technology and advancements for different applications will lead to sizable demand in the market.

The report on the radio frequency identification (RFID) market covers the following areas:

• Radio frequency identification (RFID) market sizing
• Radio frequency identification (RFID) market forecast
• Radio frequency identification (RFID) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading radio frequency identification (RFID) market vendors that include Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., CipherLab Co. Ltd., CoreRFID Ltd., CYBRA Corp., Datalogic SpA, FEIG ELECTRONIC GmbH, Fujitsu Ltd., GAO RFID Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., Nedap NV, NXP Semiconductors NV, RFID Inc., RFID4U, SATO Holdings Corp., Siemens AG, SML Group Ltd., TIBCO Software Inc., Unitech Computer Co. Ltd., Zebra Technologies Corp., and eAgile Inc.. Also, the radio frequency identification (RFID) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.