Global Radio-Frequency Identification (RFID) Market Growth 2023-2029

Global Radio-Frequency Identification (RFID) Market Growth 2023-2029

Radio-Frequency Identification (RFID) are the radio waves that are utilized for reading and capturing the information that is stored on a tag attached to an object. These tags are used to store the product information electronically and also can be analyzed the object from distance. RFID can be used in manufacturing, logistics and warehousing, where keeping track of the inventory and assets is of prime importance as they found a significant improvement in the overall quality of data entry. It also facilitates to gather the location data with the help of RTLS to pinpoint an exact location and the identity of assets.

LPI (LP Information)' newest research report, the “Radio-Frequency Identification (RFID) Industry Forecast” looks at past sales and reviews total world Radio-Frequency Identification (RFID) sales in 2022, providing a comprehensive analysis by region and market sector of projected Radio-Frequency Identification (RFID) sales for 2023 through 2029. With Radio-Frequency Identification (RFID) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Radio-Frequency Identification (RFID) industry.

This Insight Report provides a comprehensive analysis of the global Radio-Frequency Identification (RFID) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Radio-Frequency Identification (RFID) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Radio-Frequency Identification (RFID) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Radio-Frequency Identification (RFID) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Radio-Frequency Identification (RFID).

The global Radio-Frequency Identification (RFID) market size is projected to grow from US$ 3931.2 million in 2022 to US$ 6814.5 million in 2029; it is expected to grow at a CAGR of 6814.5 from 2023 to 2029.

The regional analysis of Radio-Frequency Identification (RFID) market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. Radio frequency identification provides solutions such as storage, simple management & monitoring, real-time backup recovery, data de-duplication, customer support and many others services that brings the attention to these application.

North America region accounts for the largest market share, followed by Europe and Asia-Pacific region. The study reveals that Europe region is showing a rapid growth due to its storage and tracker solution by the Radio-Frequency Identification (RFID). Asia-Pacific countries like China, Japan and India is projected to be the fastest growing region in the Radio-Frequency Identification (RFID) market due to the increasing size of high data generation in many countries.

This report presents a comprehensive overview, market shares, and growth opportunities of Radio-Frequency Identification (RFID) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Reader
Software
Others

Segmentation by application
BFSI
Animal Tracking/Agriculture
Commercial
Transportation
Healthcare
Logistics and Supply Chain
Aerospace
Defense
Retail

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NXP Semiconductors N.V (Netherlands)
Alien Technology (US)
3M Company (U.S)
ACTAtek Technology (U.S)
Axcess International(U.S)
Impinj Inc. (US)
Ascendent ID (U.S)
Checkpointt System Inc. (U.S)
Avery Dennison Corporations (US)

Key Questions Addressed in this Report

What is the 10-year outlook for the global Radio-Frequency Identification (RFID) market?

What factors are driving Radio-Frequency Identification (RFID) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Radio-Frequency Identification (RFID) market opportunities vary by end market size?

How does Radio-Frequency Identification (RFID) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.