RFID Tags Market

Global Market Study on RFID Tags: Call for Precise Management and Quality Control to drive the market

RFID Tags Market Segmented By Active RFID Tags, Passive RFID Tags Working in Low Frequency, High Frequency, Ultra High Frequency, Microwave Frequency

RFID Tags Market Outlook (2022-2025)

The global RFID tags market is expected to reach US$ 6.1 Bn in the year 2022, and witness a reasonable CAGR of 11% between 2022 and 2025. The market valuation projected then (by 2025) is US$ 8.35 Bn.

RFID Tags Market Size (2022)

US$ 6.1 Bn

Projected Market Value (2025)

US$ 8.35 Bn

Global Market Growth Rate (2022-2025)

11% CAGR

Share in the RFID market

20%

Find Out More about the Report Coverage

Companies

  • Zebra Technologies Corp.
  • Omni-Id, Inc.
  • GAO RFID Inc.
  • Impinj, inc.
  • Alien Technology
  • Confidex Ltd
  • Honeywell International
  • Invengo Information Technology Co. Ltd.
  • NXP Semiconductors
  • HID Global Corporation
  • SMARTRAC N.V.

RFID Tags Demand Analysis (2012-2021) v/s Market Outlook (2022-2025)

The global RFID tags market was worth US$ 3.1 Bn in the year 2012. It is poised to grow atleast twofold by the year 2022. The CAGR was 7.1% between 2012 and 2021.

RFID (Radio Frequency Identification) tags have turned out to be an indispensable part of the daily lives of late. Moreover, with advancements in technology, their usage is expected to grow on an unstoppable note.

Take an example of a small sticker/device on car windshield that facilitates fine-free use of road, or label on any bottle of mocktail at the store that warns against stealing – these are nothing but RFID tags. The extended usages of RFID tags include tracking patients in the hospitals settings or pets. Initially, the presence of RFID tags was restricted to supply and retail chains. However, as the time progressed, healthcare started taking the centre-stage as searching, identifying, tracking, and communicating with patients was the need of the hour. The status quo is expected to remain unchanged even in the forecast period.

Usage of active RFID tags is uncommon as they are costlier and need their own power source and transmitter. Still when it comes to medical monitoring on a continuous basis, active RFID tags are preferred. They suffice for theme park attendance as well.

The forecast period is more inclined towards usage of NFC (near field communication) technology that establishes connectivity with IoT and could cater to secure, more complex interactions. The basic advantage over here is that two-way communication could be established between an object and NFC tag, thereby rendering more smartness and trust to the objects. These days, majority of mobile devices are NFC-enabled. As such, no extra infrastructure is needed for putting this technology into practice. However, as the name suggests it’s confined only to HF (High Frequency) and it’s possible to scan only an NFC tag at a time. High Frequency band accounts for 41.7% of the market share as of the year 2022.

rfid-tags-market

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What is the Expanse of RFID Tags Market?

“Demand for 360 degree tracking to invoke expansion”

RFID tags enable smooth operations of organizations with positive results and reasonable costs. Amongst hoards of options include physical access cards, labels, tags, inlays, or touchless solutions. Besides, addition of tamper functionality transforms RFID tags into smart seals. Eco-friendly RFID tags are also being tabled by the key players. They claim of lower carbon footprint in industry.

Apart from ISO and ASTM standards, interoperability of the products is being ascertained by various organizations by setting up several additional standards. They are inclusive of performance, conformance, and interoperability tests.

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What is the PQ (Profit Quotient) of Manufacturers of RFID Tags?

“Call for Security and Precise Bits of Tracking to drive the Profitability”

The end-use industries have realized that material identification management and access management technologies need to be in place for superlative profits. Security measures and protection of packages are needed in every vertical. These factors are there to take the PQ (Profit Quotient) of manufacturers of RFID tags to the next level. With the healthcare vertical being a new but vast end-user, there would be no looking back for the manufacturers of RFID tags in the near future.

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What is restraining the RFID Tags Market?

“Already Installed Barcode Systems acting as a Restraint”

Though RFID tags are expected to create wonders in terms of tracking and identification, the pre-installed base of the barcode systems are hampering the RFID market. Plus, the privacy of the end-user couldn’t be termed as “privacy” due to tracking at every point of time. This would be another factor restraining the market.

What’s with the Country-wise Ride?

“The US to sweep the RFID Tags Market”

North America holds the largest market share due to the US being at the forefront with regards to utilization of RFID tags. Europe is second seeded with the UK, Germany, Spain, and Switzerland leading. Belgium is another country to join the bandwagon due to sizable GDP being spent on the healthcare vertical and its accessories.

Coming to the Asia-Pacific, India, China, Thailand, Malaysia, and Singapore dominate with improvement in infrastructure asking for secure tracking.

Why is Healthcare sector slated to hold the Flag High?

“Greater Occurrence of Various Ailments to ask for RFID Tags”

The healthcare sector has been witnessing the most unusual situation since the last couple of years and the benevolence needed in this regard would not let it settle for anything else. With number of patients related to chronic as well as non-chronic ailments on the rise, RFID tags have become mandatory as it simplifies tracking of the patient’s history as well as the course of treatment.

Transportation, Logistics, and Retail to Contribute Stupendously?

“Smooth sailing would be the Key”

Efficient transport systems pave the way for additional investments with much better accessibility to the markets. With automatic toll collection making use of RFID tags, commuters need not line up for monetary transactions and chances of malpractices are ruled out. In retail, RFID technology lets retailers track the inventory all through supply chain with utmost accuracy.

Impact of Covid-19 on RFID Tags Market?

“Digitization amidst Covid-19 to push”

Healthcare facilities have been witnessing rapid digitization amidst the outbreak of Covid-19. As such, social distancing norms could be easily adhered to with RFID tags. The healthcare supply chains would also get spared from cross-contamination. These factors would certainly help the RFID tags market stand in a good stead between 2022 and 2025.

Competitive Landscape

The RFID tags market is tilted towards new product launch and collaborations. The key players are into these modes of expansion to render themselves formidable herein.

  • Vubiq Networks, Inc., in January 2022, did announce that the US Patent and Trademark Office awarded it a new-fangled RFID patent entitled “High Bit Density Millimeter Wave RFID Systems, Devices, and Methods Thereof” – Patent Number – 11216625.
  • Chatsworth Products, in April 20020, did enter into collaboration for delivering integrated wire-free management and monitoring for eConnect power distribution units.

RFID Tags Industry Report Scope

Attribute

Details

Forecast Period

2022-2025

Historical Data Available for

2012-2021

Market Analysis

US$ Mn/Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • LATAM
  • The Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Benelux
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Indonesia
  • Malaysia
  • Singapore
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Turkey
  • Egypt
  • North Africa
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Working Type
  • Frequency band
  • Application
  • Region

Key Companies Profiled

  • Zebra Technologies Corp.
  • Omni-Id, Inc.
  • GAO RFID Inc.
  • Impinj, Inc.
  • Alien Technology
  • Confidex Ltd
  • Honeywell International
  • Invengo Information Technology
  • NXP Semiconductors
  • HID Global Corporation
  • SMARTRAC N.V.

Pricing

Available upon Request

RFID Tags Market Segmentation

RFID Tags Market by Working Type

  • Active RFID Tags
  • Passive RFID Tags

RFID Tags Market by Frequency Band

  • Low Frequency
  • High Frequency
  • Ultra High Frequency
  • Microwave Frequency

RFID Tags Market by Application

  • Logistic & Transportation
  • Retail & Consumer Goods
  • Automotive
  • Government
  • Healthcare & Medical
  • Agriculture, Farming & Livestock
  • Aerospace & Defense
  • Others

RFID Tags Market by Region

  • North America RFID Tags Market
  • Latin America RFID Tags Market
  • Europe RFID Tags Market
  • Asia-Pacific RFID Tags Market
  • Middle East & Africa (MEA) RFID Tags Market

Media Release

- FAQs -

The RFID Tags Market is expected to be worth US$ 6.1 Bn in the year 2022 and grow 1.36 times by the year 2025.

The market for RFID tags is expected to reach US$ 8.35 Bn by 2025, expanding at a CAGR of 11%.

HF (High Frequency) band holds the largest market share (41.7%).

Zebra Technologies Corp., Omni-Id, Inc., GAO RFID Inc., Impinj, Inc., Alien Technology, Confidex Ltd., Honeywell International, Invengo Information Technology, NXP Semiconductors, HID Global Corporation, and SMARTRAC N.V.

The Logistics & transportation vertical held 31.7% of the overall revenue between 2012 and 2021.

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