RFID Market by Offering, Tag Type, Frequency, Form Factor, Material, Wafer Size, Application, End-User

List of Tables

[184 Pages Report] The RFID Market size was estimated at USD 24.63 billion in 2023 and expected to reach USD 26.94 billion in 2024, at a CAGR 9.44% to reach USD 46.35 billion by 2030.

Radio frequency identification (RFID) is a wireless and non-contact technology that allows for the digital exchange of data between an RFID reader and uniquely identifiable RFID tags or transponders embedded in a wide array of objects. Utilizing radio frequency (RF) waves as a communication medium, RFID enables automatic identification, tracking, and inventory management in diverse industries such as logistics, retail, manufacturing, healthcare, agriculture, and more. This innovative technology has significantly impacted supply chain efficiency and reduced human intervention in various processes. The RFID market comprises the creation, manufacturing, and distribution of RFID technologies such as tags, readers, software solutions, and related services. One major driver of RFID market growth is its integration with Internet of Things (IoT) solutions. As IoT devices become increasingly prevalent across industries for track-and-trace applications or environmental monitoring purposes, RFID tags can serve as valuable data points that enable businesses to optimize processes and make informed decisions based on accurate information. Government initiatives for automation across industries and the deployment of RFID solutions for livestock protection have further propelled the growth of the RFID market. Despite the promising outlook, data privacy and security concerns hinder the adoption of RFID tags as they can sometimes be read from a distance, potentially allowing unauthorized access to sensitive information. However, companies investing heavily in research and development focused on enhancing the technical capabilities of RFID technology have been creating a stronger future landscape for the market. Innovations addressing cost-effectiveness, interoperability with existing systems, and security measures are also expected to strengthen market position and expand opportunities across different sectors.

KEY MARKET STATISTICS
Base Year [2023]	USD 24.63 billion
Estimated Year [2024]	USD 26.94 billion
Forecast Year [2030]	USD 46.35 billion
CAGR (%)	9.44%

Offering: Growing demand for hardware components to enable identification and tracking capabilities

The hardware component of the RFID market encompasses tags and readers. Each plays a critical role in enabling efficient tracking, identification, and data storage in various industries such as retail, logistics, healthcare, and manufacturing. Tags are essential for labeling items or assets with unique identifiers. RFID tags are available in different frequencies, including low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). Readers are the devices that facilitate communication between tags and software systems by capturing tag data. The software and services in RFID contribute to data processing, integration, and analytics solutions for businesses, along with technical support and maintenance services. The primary goal is to translate raw tag data into actionable insights for end-users. Hardware constitutes the foundation of an RFID system to enable identification and tracking capabilities, as software & services are crucial in leveraging collected data effectively. Thus, choosing a balanced mix of both segments is essential to maximize the possible benefits of deploying RFID technology.

Tag Type: Significant utilization of active RFID for real-time asset tracking and applications

Active RFID tags, powered by internal energy sources, provide longer read ranges and higher data storage capacity than passive tags. These self-sufficient devices continuously transmit information for real-time asset tracking in industries such as supply chain management, logistics, healthcare, and the military. Passive RFID tags rely on reader radio waves for power and data transmission. These tags are smaller, cheaper, and more straightforward to manufacture than their active counterparts. Common applications include retail inventory control, access control systems, smart packaging, document tracking, and transportation ticketing. Active RFID tags offer longer read ranges and higher data storage capacities than passive RFID tags. Active RFID technology comes at a higher cost due to built-in power sources and ongoing battery maintenance requirements. On the other hand, passive RFID tags are economical, easy to produce, and require no internal power source. They have shorter read ranges as compared to active tags. However, they can deliver efficient performance across various industries, such as retail inventory control, access control systems, document tracking, and transportation ticketing.

Frequency: Growing deployment of cost effective ultra-high frequency RFID for quicker data transfer rate

High frequency RFID ranges from 3 to 30 MHz, while most HF RFID systems operate at 13.56 MHz, having a typical read range of up to 1 meter. HF RFID is widely used for applications requiring proximity reading, such as access control systems, ticketing solutions, smart cards, and near-field communication. Its key benefits include low interference from metals or liquids and the ability to work efficiently in densely populated tag environments. Low frequency RFID operates at 125 kHz - 134 kHz with a shorter read range compared to HF, typically not exceeding 0.5 meters. LF is ideal for applications where close-range scanning is necessary or when objects are present nearby that may interfere with higher frequencies. Common use cases include livestock tracking and access control systems in extreme conditions such as harsh weather or underwater environments. Ultra-high frequency RFID operates between 860 MHz - 960 MHz, offering read ranges of up to 12 meters or more. UHF's long-range capabilities suit various applications such as asset tracking, supply chain management, and inventory control in retail industries. Its advantages include rapid data transfer rates, simultaneous multi-tag reading abilities, and lower tag costs.

Form Factor: Wider adoption of wristbands optimized for healthcare applications

Bands are widely used in events, healthcare settings, and access control systems due to their wearability. Cards are a versatile RFID form factor for access control systems such as office buildings, transportation, and payment applications. Implantable RFIDs are gaining popularity in human and animal identification applications, such as access control or medical records storage. These subdermal implants are biocompatible with the body, durable, and tamper-proof. Key fobs are compact RFID devices used primarily for access control and asset tracking applications, where portability is a priority. They can be easily attached to keychains, making them convenient for users who need quick and easy authentication. Labels & stickers embedded with RFID technology serve multiple industries, such as inventory management in retail, supply chain tracking in logistics, and patient record management in healthcare. Paper tickets embedded with RFID chips streamline ticketing processes in transportation sectors while reducing fraud at events or theme parks. The wide array of RFID form factors addresses diverse industry needs, and as technology progresses, they continue to evolve to meet specific demands while holding a competitive edge in the market.

Wafer Size: Higher preferences for 300mm-based RFID products in large-scale industrial applications due to greater read range

RFID products manufactured using 200mm wafers are typically more suitable for companies with cost-sensitive applications requiring lower performance levels. The smaller size allows for higher production volumes at lower operational costs; they are commonly used in consumer goods tracking, supply chain management, and retail applications. In contrast to the cost-effective nature of 200mm solutions, RFID devices based on 300mm wafers offer superior performance resulting from their larger antenna area. This translates into improved read range and reliability, making them an ideal choice for industries with more demanding requirements, such as aerospace, defense, and healthcare.

Material: Wider use of silicon for enhanced data storage capacity on the RFID

Ceramic is favored in high-temperature environments due to its heat resistance and stable electrical properties. Glass RFID transponders are widely used in animal identification and healthcare applications because of their biocompatibility, durability, and chemical resistance. Metal-based RFID solutions are preferred in challenging environments exposed to water or chemicals. On-metal tags are essential for asset tracking in oil & gas industries or shipping containers. Paper RFID materials cater to low-cost disposable applications in retail logistics or event management systems. Plastic is a versatile material utilized extensively in RFID manufacturing due to its cost-effectiveness and lightweight properties. It is ideal for asset tracking within pharmaceuticals or food & beverages industries. Rubber-based RFID materials provide flexibility and impact resistance, making them suitable for tire tracking or wearable technology. Silicon is primarily used in integrated circuit production due to its excellent electrical conductivity properties. The choice of material significantly impacts the performance of RFID technology, with each material offering unique advantages suited to specific industry applications. By understanding these preferences and market trends, businesses can make informed decisions to enhance their supply chain processes using efficient RFID solutions.

Aplication: Expanding the application of RFID for logistics & supply chain management to track movements with greater precision

Animal & wildlife tracking is a crucial application of RFID technology, enabling the efficient management of livestock, wildlife conservation efforts, and valuable assets. In the agricultural industry, farmers use RFID tags to track animals' movement, health, and inventory. Logistics & supply chain management have become increasingly complex due to globalization and e-commerce growth. In response to these challenges, companies are leveraging RFID technology to enhance visibility throughout their operations, from manufacturing to distribution centers to retail stores. RFID enables real-time monitoring of inventory levels for better demand forecasting as well as more accurate shipping and receiving processes. Security & access control are critical concerns for organizations seeking to protect their physical assets, data, and personnel. RFID technology provides an effective solution by facilitating secure access to buildings, rooms, and equipment using contactless smart cards or fobs. In addition to controlling physical access, RFID monitors employee movements within facilities to enhance safety, compliance, and productivity.

End-User: Emerging potential of RFID across healthcare & pharmaceutical for inventory management of medical devices and pharmaceutical products

RFID technology is widely utilized in the aerospace & defense sector for tracking assets, managing inventory, and ensuring safety. RFID tags are used to effectively track and manage critical components such as engines, landing gear, and other replaceable parts that have a direct impact on aircraft operations. Agriculture & forestry industries benefit from RFID applications in livestock tracking, crop monitoring, and supply chain management. RFID technology also plays an essential role in agrochemicals management by enabling better control over chemical inventory and application processes. Using RFID-tagged containers for agrochemicals simplifies tracking of inventory levels, which translates into cost savings through efficient resource allocation and waste reduction. From patient identification to drug authentication and compliance monitoring, RFID plays a significant role in healthcare systems worldwide. In patient care settings, RFID is utilized to accurately identify patients using wristbands embedded with RFID tags containing vital information such as name, date of birth, diagnosis codes, and allergy alerts. Libraries, record labels, and event management companies employ RFID technology for secure access control systems and efficient inventory management. In retail and consumer goods, RFID technology allows for accurate inventory tracking, loss prevention, and supply chain management. With applications ranging from inventory management to theft prevention, RFID is revolutionizing retailing practices globally. RFID is transforming transportation infrastructure globally. Contactless smart cards with embedded RFID chips are widely used for fare payment on public transport systems such as buses, trains, and subways.

Regional Insights

In the Americas region, the RFID market has been experiencing significant growth, with a strong demand for innovative solutions in various industries. In North America, the United States is contributing majorly to technological advancements and adoption rates, attributed to a high level of investment in R&D by both the public and private sectors. Meanwhile, the increasing need for inventory management solutions across retail, healthcare, automotive, aerospace & defense sectors is expected to drive growth in Latin America. In the EMEA region, Europe maintains a significant position as one of the largest markets for RFID globally. Various European governments are actively supporting projects that involve Internet of Things (IoT) integration, which is directly linked to the expansion of the RFID market. Moreover, there is an increasing trend toward adopting smart city infrastructure throughout Europe that heavily relies on advanced technologies, including RFID systems. In addition, the Middle East and Africa also show promising potential for future growth owing to their emerging economies' growing interest in investing in new technologies such as RFID solutions for various applications, including transportation & logistics tracking systems or automated toll collection platforms. The Asia-Pacific is expected to witness the highest growth rate, attributed to rapid urbanization, increasing disposable income, and a growing emphasis on technological advancements. In the APAC region, countries including China, Japan, and South Korea, with their robust manufacturing capabilities, showcase immense interest in implementing RFID in their industries. Additionally, countries such as India, Australia, Indonesia, and Malaysia are also attracting heavy investments by global manufacturers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the RFID Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the RFID Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the RFID Market, highlighting leading vendors and their innovative profiles. These include Alien Technology LLC, ams-OSRAM AG, Avery Dennison Corporation, Beontag, CAEN RFID S.r.l., CCL Industries Inc., DENSO Corporation, Diamond Technologies, Inc., Dorset Group BV, FEIG ELECTRONIC GmbH, Fresenius SE & Co. KGaA, GAO Group, Globeranger Corporation by Fujitsu Limited, HANA Technologies, HID Global by Assa Abloy AB, Honeywell International Inc., Impinj, Inc., Invengo Information Technology Co., Ltd., Kronegger GmbH, MASS Group, Inc., Micro-Sensys GmbH, Mojix, Inc., Motorola Solutions, Inc., Nedap N.V., Neosid Pemetzrieder GmbH & Co. KG, Nippon Telegraph and Telephone Corporation, Nitta Corporation, Novanta Inc., NXP Semiconductors N.V., Pepperl+Fuchs SE, RapidRadio Solutions, Savi Technology, Inc., Schreiner Group GmbH & Co. KG, Securitag Assembly Group Co., Ltd., SML Group Limited, STMicroelectronics N.V., Syrma SGS Technology Limited, Technicode, Inc., Terso Solutions, Inc., Texas Instruments Incorporated, WOWRFID, and Zebra Technologies Corporation.

Market Segmentation & Coverage

This research report categorizes the RFID Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
  - Readers
  - Tags

Software & Services

Tag Type
- Active RFID
- Passive RFID

Frequency
- High Frequency
- Low Frequency
- Ultra-High Frequency

Form Factor
- Band
- Card
- Implant
- Key Fob
- Label & Sticker
- Paper Ticket

Material
- Ceramic
- Glass
- Metal
- Paper
- Plastic
- Silicon

Wafer Size
- 200mm
- 300mm

Application
- Animal & Wildlife Tracking
- Logistics & Supply Chain Management
- Security & Access Control

End-User
- Aerospace & Defense
- Agriculture & Forestry
- Healthcare & Pharmaceutical
- Media & Entertainment
- Retail & Consumer Goods
- Transportation

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the RFID Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the RFID Market?

3. What are the technology trends and regulatory frameworks in the RFID Market?

4. What is the market share of the leading vendors in the RFID Market?

5. Which modes and strategic moves are suitable for entering the RFID Market?

Product Code: MRR-4358917D6408

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Expanding automation and digitalization across industries
  - 5.1.1.2. Government initiatives to tag animals with RFID of animals
  - 5.1.1.3. Increasing use of RFID technology in the retail industry
- 5.1.2. Restraints
  - 5.1.2.1. High installation costs and privacy & security concerns of RFID system
- 5.1.3. Opportunities
  - 5.1.3.1. Growing technological advancements in the development of RFID
  - 5.1.3.2. Rising inclination towards eco-friendly materials-based RFID tags
- 5.1.4. Challenges
  - 5.1.4.1. Technological limitations associated with RFID systems
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing demand for hardware components to enable identification and tracking capabilities
- 5.2.2. Tag Type: Significant utilization of active RFID for real-time asset tracking and applications
- 5.2.3. Frequency: Growing deployment of cost effective ultra-high frequency RFID for quicker data transfer rate
- 5.2.4. Form Factor: Wider adoption of wristbands optimized for healthcare applications
- 5.2.5. Wafer Size: Higher preferences for 300mm-based RFID products in large-scale industrial applications due to greater read range
- 5.2.6. Material: Wider use of silicon for enhanced data storage capacity on the RFID
- 5.2.7. Aplication: Expanding the application of RFID for logistics & supply chain management to track movements with greater precision
- 5.2.8. End-User: Emerging potential of RFID across healthcare & pharmaceutical for inventory management of medical devices and pharmaceutical products
5.3. Market Trend Analysis
- 5.3.1. Strong presence of major players and integration of advanced track & trace system in retail sectors in the Americas region
- 5.3.2. Expanding application of RFID technology for livestock monitoring and defense asset tracking in the APAC region
- 5.3.3. Rapidly expanding manufacturing sector and increasing adoption of smart technologies in retail, manufacturing and healthcare sector in the EMEA region.
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. RFID Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Software & Services

7. RFID Market, by Tag Type

7.1. Introduction
7.2. Active RFID
7.3. Passive RFID

8. RFID Market, by Frequency

8.1. Introduction
8.2. High Frequency
8.3. Low Frequency
8.4. Ultra-High Frequency

9. RFID Market, by Form Factor

9.1. Introduction
9.2. Band
9.3. Card
9.4. Implant
9.5. Key Fob
9.6. Label & Sticker
9.7. Paper Ticket

10. RFID Market, by Material

10.1. Introduction
10.2. Ceramic
10.3. Glass
10.4. Metal
10.5. Paper
10.6. Plastic
10.7. Silicon

11. RFID Market, by Wafer Size

11.1. Introduction
11.2. 200mm
11.3. 300mm

12. RFID Market, by Application

12.1. Introduction
12.2. Animal & Wildlife Tracking
12.3. Logistics & Supply Chain Management
12.4. Security & Access Control

13. RFID Market, by End-User

13.1. Introduction
13.2. Aerospace & Defense
13.3. Agriculture & Forestry
13.4. Healthcare & Pharmaceutical
13.5. Media & Entertainment
13.6. Retail & Consumer Goods
13.7. Transportation

14. Americas RFID Market

14.1. Introduction
14.2. Argentina
14.3. Brazil
14.4. Canada
14.5. Mexico
14.6. United States

15. Asia-Pacific RFID Market

15.1. Introduction
15.2. Australia
15.3. China
15.4. India
15.5. Indonesia
15.6. Japan
15.7. Malaysia
15.8. Philippines
15.9. Singapore
15.10. South Korea
15.11. Taiwan
15.12. Thailand
15.13. Vietnam

16. Europe, Middle East & Africa RFID Market

16.1. Introduction
16.2. Denmark
16.3. Egypt
16.4. Finland
16.5. France
16.6. Germany
16.7. Israel
16.8. Italy
16.9. Netherlands
16.10. Nigeria
16.11. Norway
16.12. Poland
16.13. Qatar
16.14. Russia
16.15. Saudi Arabia
16.16. South Africa
16.17. Spain
16.18. Sweden
16.19. Switzerland
16.20. Turkey
16.21. United Arab Emirates
16.22. United Kingdom

17. Competitive Landscape

17.1. Market Share Analysis, 2023
17.2. FPNV Positioning Matrix, 2023
17.3. Competitive Scenario Analysis
- 17.3.1. Pepperl+Fuchs Unveils High-Performance Identification System
- 17.3.2. Identiv Multiplies RFID Production Capacity at Thailand Facility
- 17.3.3. HID Launches New LinTRAK RAIN RFID UHF Tags on the Market
- 17.3.4. Millimeter-Wave RFID Tag to Improve Drone Navigation Accuracy
- 17.3.5. Auto ID Systems and Wow RFID Join Forces to Revolutionize RFID and IoT Solutions in India
- 17.3.6. Barcodes Group Continues to Grow Through M&A with Acquisition of NeWave RFID
- 17.3.7. SML Launches new Clarity RFID In Delivery Vehicle Solution for Proof-of-Delivery
- 17.3.8. RADAR Secures USD 30 Million in Series A Funding Round Led by Align Ventures
- 17.3.9. JADAK Launches Entire Series of ThingMagic M7e Modules, the Smallest UHF RFID Modules on the Market With the Lowest Power Output.
- 17.3.10. Checkpoint Systems and Partner Tech Team up to Deliver Next Generation RFID SCO Solution
- 17.3.11. Avery Dennison Smartrac Invests USD 100 Million in New RFID tag Making Capacity

18. Competitive Portfolio

18.1. Key Company Profiles
18.2. Key Product Portfolio