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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

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

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
The research report titled, “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”, provides in-depth analysis of the RFID market across five major geographies and emphasizes on the current market dynamics, market trends, market sizes, market shares, recent developments, and forecasts till 2029.

The global RFID market is expected to reach $31.4 billion by 2029, growing at a CAGR of 9.7% during the forecast period of 2022–2029.

The growth of this market is attributed to the increasing demand for RFID technology to manage inventory, growing government investments in AIDC technology, and the rising adoption of RFID systems in the retail, healthcare, manufacturing, and transportation sectors. In addition, the increasing significance of RFID tags for shipping, receiving products, and asset tracking in the transportation & logistics industry is also driving the market's growth. The rise in the adoption of RFID tags for Industry 4.0 and smart manufacturing is expected to offer significant growth opportunities for this market. However, the high capital expenditure for deploying RFID restrains the growth of this market up to a certain extent.

Based on component, the RFID market is segmented into hardware and solutions. In 2022, the hardware segment is expected to account for the largest share of the overall RFID market and is expected to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the surge in the installation of RFID systems in manufacturing units and the growing demand for RFID labels, implants, and readers for asset tracking, counting, and inventory management, among others.

Based on type, the RFID market is segmented into active RFID and passive RFID. In 2022, the passive RFID segment is expected to account for the largest share of the overall RFID market and is expected to grow at the highest CAGR during the forecast period. The segment's growth is attributed to the increasing demand for inexpensive, smaller, and easier use of RFID in the manufacturing industry for tracking goods, increasing adoption of RAIN RFID frequency, and the growing need to improve production efficiency in pharmaceutical retail and supply chains, among others.

Based on end user, the RFID market is segmented into retail BFSI, government, manufacturing, healthcare, agriculture, sports & entertainment, aerospace and defense, transportation & logistics, consumer products, and other end-users. In 2022, the transportation & logistics segment is expected to account for the largest share of the overall RFID market and is expected to grow at the highest CAGR during the forecast period. This is mainly attributed to the increasing demand for supply chain management and shipment tracking applications, growing adoption of tracking systems by logistics organizations, rising need to enhance customer experience, and improving delivery systems' speed and accuracy in the transportation & logistics sector.

Geographic Review:
Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the global RFID market. This is mainly attributed to the rapid incorporation of RFID technology, increasing government initiatives to enhance AIDC technologies, the rapid expansion of industry 4.0 and digital transformation across end-users, and the increasing installation of RFID systems in manufacturing units for enhanced and cost-saving asset tracking systems.

The key players operating in the global RFID market are HID Global Corporation (U.S.) (Assa Abloy AB), Avery Dennison Corporation (U.S.), Zebra Technologies Corporation (U.S.), GAO RFID Inc. (Canada), Honeywell International, Inc. (U.S.), Identiv, Inc. (U.S.), Impinj, Inc. (U.S.), Invengo Technology Pte. Ltd. (Singapore), NXP Semiconductors N.V. (Netherlands), Alien Technology, LLC. (U.S.), Nedap N.V. (Netherlands), William Frick & Company (U.S.), SML Group. (China), Datalogic S.p.A. (Italy), CAEN RFID S.r.l. (Italy), Jadak (U.S.), TSC Auto ID Technology Co. Ltd. (Taiwan), Seagull Scientific, Inc. (U.S.), Bluebird, Inc. (South Korea), and Unitech Electronics Co. Ltd. (Taiwan).

Key questions answered in the report:
•Which are the high-growth market segments in terms of component, frequency, type, end user, and countries?
•What is the historical market for RFID solutions across the globe?
•What are the market forecasts and estimates from 2022–2029?
•What are the major drivers, restraints, and opportunities in the global RFID market?
•Who are the major players in the global RFID market, and what shares of the market do they hold?
•Who are the major players in various countries, and what shares of the market do they hold?
•How is the competitive landscape?
•What are the recent developments in the global RFID market?
•What are the different strategies adopted by the major players in the global RFID market?
•What are the geographical trends and high-growth countries?
•Who are the local emerging players in the global RFID market and how do they compete with the other players?

Table of Content
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders

2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.2. Bottom-Up Approach
2.3.3. Top-Down Approach
2.3.4. Growth Forecast
2.4. Assumptions for the Study

3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Component
3.3. Market Analysis, by Frequency
3.4. Market Analysis, by Type
3.5. Market Analysis, by Application
3.6. Market Analysis, by End User
3.7. Market Analysis, by Geography
3.8. Competitive Analysis

4. The Impact of COVID-19 on the Global RFID Market

5. Market Insights
5.1. Introduction
5.1.1. Global RFID Market Drivers: Impact Analysis (2022–2029)
5.1.1.1. Rising Need to Eliminate Manual Data Capture & Entry Errors
5.1.1.2. Supportive Government Initiatives Encouraging the Use of AIDC Technologies
5.1.1.3. Increasing Adoption of RFID Technology Among Manufacturing Industries
5.1.2. Global RFID Market Restraints: Impact Analysis (2022–2029)
5.1.2.1. High Capital Requirements for Deploying RFID Technology
5.1.3. Global RFID Market Opportunities: Impact Analysis (2022–2029)
5.1.3.1. Increasing Deployment of RFID Systems for Industry 4.0 and Smart Manufacturing Applications
5.1.4. Global RFID Market Challenges: Impact Analysis (2022–2029)
5.1.4.1. Vulnerability to Cyber Threats
5.1.5. Trends
5.1.5.1. Technology Trends
5.1.5.1.1. Integration of Artificial Intelligence With RFID Systems
5.1.5.1.2. Chipless RFID Devices
5.1.5.1.3. Smart Mirrors
5.1.6. Market Trends
5.1.6.1. Use of RFID Technology for Industrial Iot Applications
5.1.6.2. Adoption of RFID Technology across the Retail Sector

6. Global RFID Market, by Component
6.1. Introduction
6.2. Hardware
6.2.1. RFID Printers/Recorders
6.2.2. RFID Readers
6.2.2.1. Handheld Scanners
6.2.2.2. Fixed Scanners
6.2.3. RFID Tags
6.2.4. RFID Mobile Computer
6.2.5. RFID Labels Printers
6.2.6. RFID Labels
6.2.7. RFID Cards & Badges
6.2.8. RFID Implants
6.2.9. RFID Key Fobs
6.2.10. RFID Bands
6.3. Software

7. Global RFID Market, by Frequency
7.1. Introduction
7.2. Ultra-High Frequency
7.3. High Frequency
7.4. Low Frequency

8. Global RFID Market, by Type
8.1. Introduction
8.2. Passive RFID
8.3. Active RFID

9. Global RFID Market, by Application
9.1. Introduction
9.2. Security & Access Control
9.3. Inventory Management
9.4. People Tracking
9.5. Document Management
9.6. Animal Tracking
9.7. Other Applications

10. Global RFID Market, by End User
10.1. Introduction
10.2. Transportation & Logistics
10.3. BFSI
10.4. Manufacturing
10.5. Retail
10.6. Government
10.7. Consumer Goods Manufacturers
10.8. Healthcare
10.9. Agriculture
10.10. Sports & Entertainment
10.11. Aerospace & Defense
10.12. Other End Users

11. RFID Market, by Geography
11.1. Introduction
11.2. Asia-Pacific
11.2.1. China
11.2.2. Japan
11.2.3. India
11.2.4. Singapore
11.2.5. Malaysia
11.2.6. Australia & New Zealand
11.2.7. Indonesia
11.2.8. Vietnam
11.2.9. Rest of Asia-Pacific (RoAPAC)
11.3. North America
11.3.1. U.S.
11.3.2. Canada
11.4. Europe
11.4.1. U.K.
11.4.2. Germany
11.4.3. France
11.4.4. Italy
11.4.5. Spain
11.4.6. Netherlands
11.4.7. Denmark
11.4.8. Sweden
11.4.9. Rest of Europe (RoE)
11.5. Latin America
11.5.1. Mexico
11.5.2. Brazil
11.5.3. Rest of Latin America (RoLATAM)
11.6. Middle East & Africa (MEA)

12. Competitive Landscape
12.1. Introduction
12.2. Key Growth Strategies
12.2.1. Market Differentiators
12.2.2. Synergy Analysis: Major Deals & Strategic Alliances
12.3. Competitive Dashboard
12.3.1. Industry Leaders
12.3.2. Market Differentiators
12.3.3. Vanguards
12.3.4. Emerging Companies
12.4. Vendor Market Positioning
12.5. Market Share Analysis (2021)

13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
13.1. Avery Dennison Corporation
13.2. Alien Technology, LLC
13.3. Bluebird, Inc.
13.4. CAEN RFID S.R.L.
13.5. Datalogic S.P.A.
13.6. GAO RFID Inc.
13.7. HID Global Corporation (A Part of Assa Abloy)
13.8. Honeywell International Inc.
13.9. Identiv, Inc.
13.10. Impinj, Inc.
13.11. Invengo Information Technology Co., Ltd.
13.12. Jadak (A Novanta, Inc. Company)
13.13. Nedap N.V.
13.14. NXP Semiconductors N.V.
13.15. Seagull Scientific, Inc.
13.16. SML Group
13.17. TSC Auto ID Technology Co. Ltd. (Taiwan Semiconductor Manufacturing Company Limited)
13.18. Unitech Electronics Co. Ltd.
13.19. William Frick & Company (A Trident Solutions Company)
13.20. Zebra Technologies Corporation
13.21. 4ID Solutions

14. Appendix
14.1. Questionnaire
14.2. Available Customization

Report Title: 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


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