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Global RFID Tags Market to reach USD 35.65 billion by the end of 2030.

Global RFID Tags Market Size study & Forecast, by Offering (Tags, Reader, Software & Services), by Wafer Size (8 Inch, 12 Inch, Others), by Tag Type (Passive, Active), by Frequency (Low Frequency, High Frequency, Ultra-High Frequency), by Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band, Others), by Material (Plastic, Paper, Glass, Others), by Application (Agriculture, Commercial, Transportation, Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: EESC-65218916
Publish Date: 13-07-2023
Page: 200

Global RFID Tags Market is valued at approximately USD 14.50 billion in 2022 and is anticipated to grow with a CAGR of more than 11.90% over the forecast period 2023-2030. RFID (Radio-Frequency Identification) tags, also known as RFID transponders or RFID chips are small electronic devices that use radio waves to transmit and receive data wirelessly. They consist of a microchip and an antenna, encapsulated in various form factors such as cards, stickers, labels, or embedded directly into objects. The microchip within an RFID tag contains unique identification information and often additional data, such as product details or sensor readings. The antenna is responsible for transmitting and receiving radio signals to communicate with RFID readers or scanners. Additionally, the rapidly growing e-commerce market and increasing integration of IoT technology are anticipated to be the growth drivers of this market. Furthermore, increasing adaptation of RFID in various industries and growing advanced technology in RFID tags emerged as growth opportunities in the market.

According to India Brand Equity Foundation (IBEF) in 2023. With the overall e-commerce market projected to soar to USD 350 billion by 2030, the demand for RFID tags is set to play a crucial role in this expansion. Moreover, in 2022 alone, the e-commerce industry is anticipated to witness a substantial growth rate of 21.5%, propelling its value to USD 74.8 billion. As the e-commerce sector continues to thrive, the utilization of RFID tags is expected to surge, supporting the industry’s operational efficiency and supply chain management. According to Statista in 2022, the global count of Internet of Things (IoT) devices is expected to nearly triple from 9.7 billion in 2020 to over 29 billion by 2030. Similarly, from the same source China is expected to have the largest number of IoT devices, with approximately 5 billion consumer devices by 2030. IoT devices are utilized across various industry sectors and consumer markets, with the consumer segment representing around 60 percent of all connected IoT devices in 2020. This proportion is expected to remain consistent over the next decade. However, data security & privacy concerns and a limited read range of RFID Tags may hamper the growth of the market during the forecasted period of 2023-2030.

The key regions considered for the Global RFID Tags Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America, has secured a significant share in the RFID market within the region during the forecast period from 2022 to 2030. The region holds a prominent position in the RFID market due to the presence of key players such as Apple Inc. and Intel Corporation, which have made substantial investments in developing next-generation portable devices solutions and advancing digital display devices. Asia Pacific region is the fastest growing region in the RFID Tags market. Asia Pacific region is experiencing notable advancements in the healthcare, retail, and manufacturing sectors, accompanied by the adoption of emerging technologies. Countries such as Japan, South Korea, China, India, Australia & New Zealand (ANZ), and ASEAN countries are displaying a keen interest in RFID technology due to its affordability and long-term benefits.

Major market player included in this report are:
NXP Semiconductors N.V.
Invengo Information Technology Co. Ltd.
Infotek Software and Systems Private Limited
Bartronics India Ltd.
Bartech Data Systems Private Limited
Bar Code India Limited
Securitag Assembly Group Co Ltd
Linxens India Private Limited

Recent Developments in the Market:
Ø In March 2022, Avery Dennison Corporation revealed its acquisition of the linerless label technology created by Catchpoint Ltd, a Yorkshire-based company in England. This acquisition encompasses Catchpoint’s patents, brand, trade secrets, and extensive knowledge. As per the agreement, Avery Dennison may uphold Catchpoint’s existing commercial agreements.
Ø In June 2021, Impinj, Inc. introduced three next-gen RAIN RFID reader chips, namely Impinj E710, E510, and E310. This high-performance, low-power chips enable IoT device makers to meet the increasing demand for item connectivity in sectors such as retail, supply chain, and consumer electronics. With industry-leading integration and easy-to-use development tools, these chips facilitate the development of reliable IoT devices that identify, locate, and authenticate connected items.
Global RFID Tags Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Offering, Wafer Size, Tag Type, Frequency, Form Factor, Material, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:
Software & Services

By Wafer Size:
8 Inch
12 Inch

By Tag Type:

By Frequency:
Low Frequency
High Frequency
Ultra-High Frequency

By Form Factor:
Key Fob
Paper Ticket

By Material:

By Application:
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. RFID Tags Market, by Region, 2020-2030 (USD Billion)
1.2.2. RFID Tags Market, by Offering, 2020-2030 (USD Billion)
1.2.3. RFID Tags Market, by Wafer Size, 2020-2030 (USD Billion)
1.2.4. RFID Tags Market, by Tag Type, 2020-2030 (USD Billion)
1.2.5. RFID Tags Market, by Frequency, 2020-2030 (USD Billion)
1.2.6. RFID Tags Market, by Form Factor, 2020-2030 (USD Billion)
1.2.7. RFID Tags Market, by Material, 2020-2030 (USD Billion)
1.2.8. RFID Tags Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global RFID Tags Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global RFID Tags Market Dynamics
3.1. RFID Tags Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rapidly Growing E-Commerce Market Increasing Integration of IoT Technology
3.1.2. Market Challenges Data Security & Privacy Concern Limited Read Range of RFID Tags
3.1.3. Market Opportunities Increasing Adaptation of RFID in Various Industries Growing Advance Technology in RFID Tags
Chapter 4. Global RFID Tags Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global RFID Tags Market, by Offering
5.1. Market Snapshot
5.2. Global RFID Tags Market by Offering, Performance – Potential Analysis
5.3. Global RFID Tags Market Estimates & Forecasts by Offering 2020-2030 (USD Billion)
5.4. RFID Tags Market, Sub Segment Analysis
5.4.1. Tags
5.4.2. Reader
5.4.3. Software & Services
Chapter 6. Global RFID Tags Market, by Wafer Size
6.1. Market Snapshot
6.2. Global RFID Tags Market by Wafer Size, Performance – Potential Analysis
6.3. Global RFID Tags Market Estimates & Forecasts by Wafer Size 2020-2030 (USD Billion)
6.4. RFID Tags Market, Sub Segment Analysis
6.4.1. 8 Inch
6.4.2. 12 Inch
6.4.3. Others
Chapter 7. Global RFID Tags Market, by Tag Type
7.1. Market Snapshot
7.2. Global RFID Tags Market by Tag Type, Performance – Potential Analysis
7.3. Global RFID Tags Market Estimates & Forecasts by Tag Type 2020-2030 (USD Billion)
7.4. RFID Tags Market, Sub Segment Analysis
7.4.1. Passive
7.4.2. Active
Chapter 8. Global RFID Tags Market, by Frequency
8.1. Market Snapshot
8.2. Global RFID Tags Market by Frequency, Performance – Potential Analysis
8.3. Global RFID Tags Market Estimates & Forecasts by Frequency 2020-2030 (USD Billion)
8.4. RFID Tags Market, Sub Segment Analysis
8.4.1. Low Frequency
8.4.2. High Frequency
8.4.3. Ultra-High Frequency
Chapter 9. Global RFID Tags Market, by Form Factor
9.1. Market Snapshot
9.2. Global RFID Tags Market by Form Factor, Performance – Potential Analysis
9.3. Global RFID Tags Market Estimates & Forecasts by Form Factor 2020-2030 (USD Billion)
9.4. RFID Tags Market, Sub Segment Analysis
9.4.1. Card
9.4.2. Implant
9.4.3. Key Fob
9.4.4. Label
9.4.5. Paper Ticket
9.4.6. Band
9.4.7. Others
Chapter 10. Global RFID Tags Market, by Material
10.1. Market Snapshot
10.2. Global RFID Tags Market by Material, Performance – Potential Analysis
10.3. Global RFID Tags Market Estimates & Forecasts by Material 2020-2030 (USD Billion)
10.4. RFID Tags Market, Sub Segment Analysis
10.4.1. Plastic
10.4.2. Paper
10.4.3. Glass
10.4.4. Others
Chapter 11. Global RFID Tags Market, by Application
11.1. Market Snapshot
11.2. Global RFID Tags Market by Application, Performance – Potential Analysis
11.3. Global RFID Tags Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
11.4. RFID Tags Market, Sub Segment Analysis
11.4.1. Agriculture
11.4.2. Commercial
11.4.3. Transportation
11.4.4. Healthcare
11.4.5. Others

Chapter 12. Global RFID Tags Market, Regional Analysis
12.1. Top Leading Countries
12.2. Top Emerging Countries
12.3. RFID Tags Market, Regional Market Snapshot
12.4. North America RFID Tags Market
12.4.1. U.S. RFID Tags Market Offering breakdown estimates & forecasts, 2020-2030 Wafer Size breakdown estimates & forecasts, 2020-2030 Tag Type breakdown estimates & forecasts, 2020-2030 Frequency breakdown estimates & forecasts, 2020-2030 Form Factor breakdown estimates & forecasts, 2020-2030 Material breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
12.4.2. Canada RFID Tags Market
12.5. Europe RFID Tags Market Snapshot
12.5.1. U.K. RFID Tags Market
12.5.2. Germany RFID Tags Market
12.5.3. France RFID Tags Market
12.5.4. Spain RFID Tags Market
12.5.5. Italy RFID Tags Market
12.5.6. Rest of Europe RFID Tags Market
12.6. Asia-Pacific RFID Tags Market Snapshot
12.6.1. China RFID Tags Market
12.6.2. India RFID Tags Market
12.6.3. Japan RFID Tags Market
12.6.4. Australia RFID Tags Market
12.6.5. South Korea RFID Tags Market
12.6.6. Rest of Asia Pacific RFID Tags Market
12.7. Latin America RFID Tags Market Snapshot
12.7.1. Brazil RFID Tags Market
12.7.2. Mexico RFID Tags Market
12.8. Middle East & Africa RFID Tags Market
12.8.1. Saudi Arabia RFID Tags Market
12.8.2. South Africa RFID Tags Market
12.8.3. Rest of Middle East & Africa RFID Tags Market

Chapter 13. Competitive Intelligence
13.1. Key Company SWOT Analysis
13.1.1. Company 1
13.1.2. Company 2
13.1.3. Company 3
13.2. Top Market Strategies
13.3. Company Profiles
13.3.1. NXP Semiconductors N.V. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
13.3.2. CAEN RFID Srl
13.3.3. GAO RFID Inc.
13.3.4. Invengo Information Technology Co. Ltd.
13.3.5. Infotek Software and Systems Private Limited
13.3.6. Bartronics India Ltd.
13.3.7. Bartech Data Systems Private Limited
13.3.8. Bar Code India Limited
13.3.9. Securitag Assembly Group Co Ltd
13.3.10. Linxens India Private Limited
Chapter 14. Research Process
14.1. Research Process
14.1.1. Data Mining
14.1.2. Analysis
14.1.3. Market Estimation
14.1.4. Validation
14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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