RFID Market by Component (Hardware (Printers, Antenna, Readers, Labels, Card, Tags, Implant), Software), Frequency (Ultra-high Frequency), Type (Active, Passive), End-user (Transportation & Logistics, Retail), and Geography — Global Forecasts to 2029

According to this latest publication from Meticulous Research®, the global RFID market is expected to grow at a CAGR of 9.7% from 2022–2029 to reach $31,350.7 million by 2029. Rising demand for RFID technology for operational use in various industries; growing demand for installation of RFID solutions across healthcare, retail, and manufacturing sectors; and increasing government initiatives for the use of AIDC technology are the major factors driving the growth of this market. Some of the major benefits offered by RFID technology include:

• Operational Efficiency
• Elimination of Human Error
• Reduction in Capital Costs
• Access to Real-Time Data
• Insights for Better Decision Making

In addition, the rise in adoption of RFID tags for Industry 4.0 and smart manufacturing is expected to offer significant growth opportunities for the market growth. On the other hand, vulnerability to cyber threats is challenging the growth of this market to a certain extent. Artificial intelligence (AI) in RFID, smart mirrors, hybrid, and chipless RFID solutions are technology trends in the market. However, high capital expenditure for deploying RFID restrains the growth of this market.

The global RFID market is segmented based on component, frequency, type, and end user. The study also evaluates industry competitors and analyses the market at the country level.

 

Scope of the Report:

RFID Market, by Component            

• Hardware
  • RFID Printers/Recorders
  • RFID Antenna
  • RFID Readers Wind
    • Handheld Scanners
    • Fixed Scanners
  • RFID Labels
  • RFID Card & Badges
  • RFID Tags
  • RFID Implant
  • RFID Key Fob
  • RFID Band
• Software

RFID Market, by Frequency             

• Low Frequency
• High Frequency
• Ultra-high Frequency (UHF)

RFID Market, by Type 

• Active RFID
• Passive RFID

RFID Market, by End User

• Retail
• BFSI
• Government
• Manufacturing
• Healthcare
• Agriculture
• Sports & Entertainment
• Aerospace and Defense
• Transportation & Logistics
• Consumer Products
• Other End Users

RFID Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Netherlands
  • Denmark
  • Sweden
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Singapore
  • Malaysia
  • Australia & New Zealand
  • Indonesia
  • Vietnam
  • Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• The Middle East and Africa

https://www.meticulousresearch.com/download-sample-report/cp_id=5272