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 |
|
||||||||||||||||
| Companies studied |
|
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 Includes
- An overview of the global markets, applications, and related technologies for RFID.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of CAGRs through 2021.
- Analysis of the importance of new technologies impacting the RFID industry.
- Coverage of the principal new RFID applications that are expected to be commercialized over the next five years.
- Perspective of the market from the standpoint of various end-users.
- Analysis of economic, business, regulatory, environmental, health, and other macro issues raised by projected trends in the size and structure of the RFID market.
- Details concerning the market's drivers, constraints, and opportunities.
- A relevant patent analysis.
- Profiles of major players in the field.
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 Includes
- An overview of the global markets for RFID technologies.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of CAGRs through 2019.
- Analysis of the importance of new technologies to the RFID industry as a whole.
- Details concerning the market's drivers, constraints, and opportunities.
- Comprehensive profiles of major players in the field.
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.
-
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).
Related Reports
High-speed Data Converters: Global Markets and Growth Forecast
The global market for high-speed data converters is expected to grow from $3.2 billion in 2024 and is projected to reach $4.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 5.4% during the forecast period of 2024 to 2029.
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Microelectromechanical Systems (MEMS) Technology: Current and Future Markets
The global microelectromechanical systems (MEMS) technology market should reach $41.5 billion by 2028 from $28.5 billion in 2023 at a compound annual growth rate (CAGR) of 7.8% for the forecast period of 2023 to 2028.
Wireless Sensors: Technologies and Global Markets
The global wireless sensors market should reach $32.4 billion by 2028 from $12.3 billion in 2023 at a compound annual growth rate (CAGR) of 21.4% for the forecast period of 2023 to 2028.
Recent Reports
Protective Relays and Circuit Breakers: Global Markets
The global market for protective relays and circuit breakers was valued at $16.9 billion in 2023. This market is expected to grow from $17.2 billion in 2024 to $26.8 billion by 2029, at a compound annual growth rate (CAGR) of 9.2% from 2024 through 2029.
Brain-Computer Interface: Global Markets
The global market for brain computer interface (BCI) was valued at $2.1 billion in 2023. The market is expected to grow from $2.3 billion in 2024 to $4.5 billion by 2029, at a compound annual growth rate (CAGR) of 14.2% from 2024 through 2029.
Educational Equipment and Software: Global Markets
The global market for educational equipment and software is expected to grow from $105.4 billion in 2024 and is projected to reach $187.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.2% during the forecast period of 2024 to 2029.
Global Commercial Drones Market
The report provides an overview of the global commercial drones market and a detailed analysis of the market players' products and strategies. Using 2023 as the base year, the report provides estimated market data for 2024 through 2029. Revenue forecasts for this period are segmented based on type, technology, weight, end-user, and geography.
Drone Technology and Global Markets
The global drone technology market was valued at $30.4 billion in 2023. The market is projected to grow from $33.9 billion in 2024 to $61.2 billion by the end of 2029, at a compound annual growth rate (CAGR) of 12.6% from 2024 through 2029.
Top Trending Reports
AI in Clinical and Molecular Diagnostics Market
The global market for AI in clinical and molecular diagnostics is expected to grow from $2.6 billion in 2024 and is projected to reach $8.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 27.6% during the forecast period of 2024 to 2029.
Point-of-Care Diagnostics: Technologies and Global Markets
The global market for point-of-care diagnostics was valued at $36.9 billion in 2023. It is expected to grow from $40.6 billion in 2024 to $65.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 10.2% from 2024 through 2029.
Medical Devices: Technologies and Global Markets
The global market for medical devices reached $739.6 billion in 2023. It is expected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029, at a compound annual growth rate (CAGR) of 9.8% from 2024 through 2029.
CRISPR Technology: Global Markets
The global market for CRISPR technology was valued at $3.4 billion in 2023. This market is expected to grow from $3.8 billion in 2024 to $7.5 billion by the end of 2029, at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2029.
Global Artificial Intelligence (AI) Market: Investments vs Potential
The global market for artificial intelligence (AI) is estimated to increase from $148.8 billion in 2023 to reach $1.1 trillion by 2029, at a compound annual growth rate (CAGR) of 39.7% from 2024 through 2029.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More