Global Vehicle RFID Tag Market 2024-2028

Global Vehicle RFID Tag Market 2024-2028

The vehicle rfid tag market is forecasted to grow by USD 1891.36 mn during 2023-2028, accelerating at a CAGR of 13.92% during the forecast period. The report on the vehicle RFID tag 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 an increase in tax revenue, increasing parking-related issues, and parking system convenience for users and operators.

Technavio's vehicle RFID tag market is segmented as below:

By Application

• Passenger cars
• Commercial vehicles

By Type

• Active RFID tag
• Passive RFID tag

By Geographical Landscape

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

This study identifies the growing popularity of RFID-based license plates as one of the prime reasons driving the vehicle RFID tag market growth during the next few years. Also, integration of RFID tags with fleet management systems and the development of headlight-placed RFID tags will lead to sizable demand in the market.

The report on the vehicle RFID tag market covers the following areas:

• Vehicle RFID tag market sizing
• Vehicle RFID tag market forecast
• Vehicle RFID tag 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 vehicle rfid tag market vendors that include Alien Technology LLC, ASSA ABLOY AB, Avery Dennison Corp., Beontag Group, CAS DataLoggers, FEDRIGONI Spa, GAO Group Inc., Impinj Inc., Invengo Technology Pte. Ltd., Nedap NV, NXP Semiconductors NV, RFID Inc., SATO Holdings Corp., Shenzhen Hopeland Information Technologies Co. Ltd, SkyRFID LLC, Somfy Group, Star Systems International Ltd., TransCore, Xerafy Singapore Pte Ltd., and Zebra Technologies Corp.. Also, the vehicle rfid tag 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 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.