Report Highlights
The global market for RFID technology is estimated to increase from $33.5 billion in 2022 to reach $49.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.2% from 2022 through 2027.
Report Includes
- 41 data tables and 29 additional tables
- A comprehensive overview and up-to-date analysis of the global markets for RFID (radio frequency identification) technology and applications
- Analyses of the global market trends, with historic market revenue (sales figures) for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for global RFID market in USD million values, and its corresponding market share analysis based on the component, frequency, technology type, application, and region
- Updated information on market drivers and opportunities for the RFID industry, key shifts and regulations, technology specific challenges, and other demographic and macroeconomic factors affecting the global and regional market demand over the forecast period (2022-2027)
- Coverage of the technological, economic, and business considerations of the global RFID market, with market data analyses and growth forecasts through 2027
- Insight into the recent industry structure for RFID technologies, competitive aspects of each product segments, increasing investment on R&D activities, market growth strategies, and company revenue share analysis
- Review of the patents issued and patent applications on the RFID technology as well as technological trends and new developments in the global market over a brief period
- Identification of the major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, and segmental revenues
- Detailed company profiles of the leading market players, including ams-OSRAM AG, ASSA Abloy AB, Avery Dennison Corp., CCL Industries Inc., Impinj Inc., and Honeywell International Inc.
Report Scope
This report provides an overview of the global market for RFID and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on component, frequency, type, application, and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global RFID market in 2021 and provides projections of the expected market size through 2027.
Report Synopsis
| Report Metrics | Details | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2021 | ||||||||||||||||
| Forecast period considered | 2022-2027 | ||||||||||||||||
| Base year market size | $31.4 billion | ||||||||||||||||
| Market size forecast | $49.7 billion | ||||||||||||||||
| Growth rate | CAGR of 8.2% for the forecast period of 2022-2027 | ||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||
| Segments covered | By Type, Component, Frequency, Application, and Region | ||||||||||||||||
| Regions covered | North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA) | ||||||||||||||||
| Countries covered | U.S., Canada, Mexico, Brazil, China, Japan, India, Germany, and the U.K. | ||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Significant rise in investment by prime players in next-generation system on chip solutions.
- Rising adoption of RFID tags for industry 4.0, Internet of Things, and smart manufacturing.
- Surge in government initiatives to boost RFID-based solution across various industries.
- Bar Code India Ltd.
- Identiv, Inc.
- Impinj Inc.
- TIBCO.
- Zebra Technologies Corp.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Highlights
The global market for RFID technologies should reach $38.0 billion by 2021 from $16.2 billion in 2016 at a compound annual growth rate (CAGR) of 18.6%, from 2016 to 2021.
Report Highlights
The global market for RFID (radio frequency identification) technologies was valued at roughly $9.7 billion in 2013 and increased to nearly $11.1 billion in 2014. By 2019, this market should approach $24 billion, with a compound annual growth rate (CAGR) of 16.7% for the five-year period, 2014 to 2019.
Report Highlights
-
BCC estimates the total global market for RFID technologies at about $5.9 billion in 2009 and $6.4 billion in 2010. By 2015, BCC expects the market to grow to $11.3 billion, with a compound annual growth rate (CAGR) of 12.1% over the next 5 years.
-
Tags, readers, and other hardware are worth $4.9 billion in 2010. Hardware expenditures are growing more slowly than software and integration services and are expected to represent a smaller share (75%) of the RFID market by 2015. This sector will still experience an 11.5% compound annual growth rate (CAGR) through the forecast period, reaching a value of nearly $8.5 billion.
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Software and other integration services are worth nearly $1.5 billion in 2010. This sector is expected to reach $2.8 billion in 2015, a 14% compound annual growth rate (CAGR).
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