How big is the RFID Market?

The RFID Market size is expected to reach USD 14.98 billion in 2024 and grow at a CAGR of 11.68% to reach USD 26.01 billion by 2029. Read More

What is the current RFID Market size?

In 2024, the RFID Market size is expected to reach USD 14.98 billion. Read More

Who are the key players in RFID Market?

Avery Dennison Corporation, Alien Technology Corporation, William Frick & Company, Invengo Technology Pte Ltd. and CCL Industries Inc. are the major companies operating in the RFID Market. Read More

Which is the fastest growing region in RFID Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in RFID Market?

In 2024, the North America accounts for the largest market share in RFID Market. Read More

What years does this RFID Market cover, and what was the market size in 2023?

In 2023, the RFID Market size was estimated at USD 13.23 billion. The report covers the RFID Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the RFID Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What role does government regulation play in the RFID Market?

Government regulations impact RFID adoption through: a) Standards for frequency use b) Data privacy and security c) Encouraging responsible and efficient use of the technology Read More

RFID Market Growth | Industry Analysis, Size & Forecast Report

RFID Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers Radio Frequency Identification Technology Companies and It is Segmented by Technology (RFID Tags, Rfid Interrogators, Rfid Software/services, And Active RFID/RTLS), Application (retail, Healthcare and Medical, Passenger Transport/automotive, Manufacturing, And Consumer Products), And Geography (North America, Europe, Asia-pacific, Latin America, And Middle-East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

RFID Industry Overview

The RFID Market is fragemented and highly competitive and consists of several major players like Avery Dennison Corporation, Alien Technology Corporation, CCL Industries Inc., William Frick & Company, etc. The major players are focusing on expanding their customer base across foreign countries. The companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. The competition, rapid technological advancements, and frequent changes in consumer preferences are expected to pose a threat to the market's growth of the companies during the forecast period.

May 2023 - CCL Industries INC, announced it has acquired eAgile Inc. and the intellectual property of Alert Systems with the USD 54 million purchase price includes an estimated USD 1 million net cash assumed with USD 7 million deferred for five years. The new business will become an integral part of CCL Label’s Healthcare & Specialty business while adding RFID know-how across the company.
Februray 2023 - Avery Dennison Smartrac invests USD 100milion in new RFID tag making capacity, The investment supports the AIPIA member’s ambition of giving every item a unique digital identity and meeting the growing demand for passive UHF RFID tags as well as increasing how quickly it can fulfil orders.