RFID Market Global Forecast Report by Type (Active RFID, Passive RFID), Product (Tags, Readers, Antennas, Others), Frequency (Low Frequency, High Frequency, Ultra-High Frequency), End Use (Retail, Financial Services, Healthcare, Industrial, Transportation & Logistics, Government, Others), Countries and Company Analysis 2025-2033

Additionally, as more people resorted to online buying for convenience and safety, the COVID-19 epidemic hastened the trend toward e-commerce. The need for radio frequency identification systems in warehouses and fulfillment centers to control inventory, enhance order accuracy, and expedite the order fulfillment process increased as a result of this spike in demand.

Growth Drivers for the RFID Market

Expanding Uses across Different End-Use

Due to its widespread use in several end-use sectors, RFID technology and the industry have experienced significant growth. The number of sold RFID tags exhibited a growing tendency, beginning with 17.5 billion in 2018, followed by 20 billion in 2019, 23.8 billion in 2020, and 28.4 billion in 2021, according to data from RFID projections, according to IDTechEx.

The industry has now expanded its use to the manufacturing, logistics, retail, and healthcare sectors, where it contributes to increased supply chain transparency, cost reduction, and operational efficiency. Last year, the retail supply chain's RFID implementation cost was $91.5 million. It is anticipated that this sum will surpass $1 billion by 2007. Today's industries are using RFID technology to automate inventory control, track assets in real time, save time, and reduce labor. They are at the forefront of the industry and are changing its dynamics in terms of innovation and operational excellence because of the RFID-driven solutions' versatility and ability to scale up operations in any business department.

Businesses' Growing Need to Comply with Regulations to Drive Market Growth

Radio frequency identification technology is being adopted by sectors like healthcare, pharmaceuticals, food & beverage, and aerospace due to growing regulatory requirements for product traceability, safety, and security. By offering precise and auditable information about the origin, handling, and distribution of products, radio frequency identification helps companies to adhere to rules. This technology, which offers real-time visibility and traceability of commodities across the supply chain, is essential for streamlining supply chain processes. Solutions with radio frequency identification capabilities assist companies in minimizing surplus inventory, decreasing stockouts, increasing inventory accuracy, and improving supply chain efficiency in general. Furthermore, the use of this technology for recyclable and environmentally friendly applications is being driven by the increased emphasis on sustainability and environmental responsibility. The market is expanding due to energy-efficient RFID readers, RFID tags manufactured of sustainable materials, and radio frequency identification-enabled recycling and waste management systems.

RFID Market Overview by Regions

With North America leading the way in technological adoption, Europe concentrating on regulatory compliance, and Asia-Pacific seeing strong expansion as a result of rising manufacturing and logistics demands, the RFID market is growing globally. Middle Eastern and Latin American emerging markets are likewise becoming more popular. An overview of the market by region is given below:

United States

Due to the growing need for efficiency in asset management, inventory tracking, and supply chain management across a range of industries, the US RFID market is a pioneer in technical innovation. Major users of RFID technology include the manufacturing, retail, and healthcare industries, which use it to boost consumer satisfaction and operational effectiveness. The industry is expanding due to the increased focus on data accuracy and real-time visibility. To improve capabilities, big businesses are investing in cutting-edge RFID solutions, such as cloud-based systems and IoT connectivity. Additionally, companies are adopting RFID technology due to regulatory compliance and the need for improved security measures, setting up the U.S. market for future growth.

The AD Pure line will debut in September 2023 with AD Belt U9 Pure inlays and tags, which are perfect for supply-chain, retail, industry, and international clothing applications. They are small and work well on materials like cardboard and plastic that are hard to tag or have poor detuning.

United Kingdom

Due to growing usage in a number of industries, such as retail, healthcare, and logistics, the UK RFID industry is expanding steadily. Companies are using RFID technology to better asset tracking, expedite supply chains, and manage inventories. The need for RFID solutions is being further accelerated by the growth of e-commerce and the requirement for effective warehouse operations. Additionally, operational efficiency is being increased by RFID technology developments like enhanced scan ranges and connection with IoT systems. Organizations are adopting RFID due to regulatory compliance and the drive for increased data security and accuracy, which positions the UK as a major player in the European market.

According to the results of its 2023 Global Warehousing Study, which was released in September 2023 by Zebra Technologies Corporation, a leading provider of digital solutions that help businesses connect data, assets, and people intelligently, 58% of warehouse decision-makers intend to implement radio frequency identification technology by 2028 in order to improve inventory visibility and lower out-of-stocks.

India

The growing need for effective asset tracking and inventory management across a range of industries, including manufacturing, retail, logistics, and healthcare, is driving the notable expansion of the Indian RFID market. Supply chain optimization is increasingly dependent on RFID technology as companies look to cut expenses and improve operational efficiency. Adoption is also being fueled by the growth of e-commerce, since businesses need sophisticated monitoring systems to efficiently manage their inventory. Government programs encouraging digital transformation and smart manufacturing also help the market grow. India is positioned as a new contender in the global RFID market as people become more aware of the advantages of RFID.

The Indian technology company ID Tech Solutions launched their IDT-87 UHF RFID reader in July 2024 to record tag scans in outdoor industrial environments including weigh bridges and mine or factory gates. The reader is the most recent of the company's solutions, which are utilized by organizations such as the Indian Railway, banks, and KEC International.

Saudi Arabia

The government's emphasis on digital transformation and the Vision 2030 plan, which stresses modernization across multiple sectors, are driving the Saudi Arabian RFID market's rapid rise. RFID technology is being used more and more by sectors like manufacturing, transport, retail, and healthcare to improve asset monitoring, optimize inventory management, and increase supply chain efficiency. The demand for sophisticated tracking solutions is further accelerated by the growth of e-commerce in the area. RFID system adoption is also being accelerated by investments in logistics hubs and smart infrastructure. Saudi Arabia is establishing itself as a major force in the Middle Eastern market as more people become aware of the advantages of RFID.

RFID Company Analysis

The major participants in the RFID market includes Avery Dennison Corp., Datalogic SpA, HID Global Corp., Honeywell International Inc., Impinj, Inc., Invengo Information Technology Co., Ltd., Nordic ID, NXP Semiconductors, Unitech Electronics Co., Ltd., etc.

RFID Company News

In March 2024, in order to prevent fraud, control inventory, and monitor players, Galaxy Entertainment Group and Melco Resorts intend to provide tablets with radio frequency identification technology to casinos.

In October 2023, according to reports, Fresenius Kabi announced the introduction of +RFID smart labels for Diprivan Injectable Emulsion, which is marketed in the US. All of the major RFID kit and tray systems in the US are now completely compatible with these smart labels.

In May 2023, with an estimated USD 1 million in net cash assumed and USD 7 million deferred for five years, CCL Industries INC. announced that it has purchased eAgile Inc. and the intellectual property of Alert Systems for USD 54 million. The new venture will integrate RFID expertise throughout the organization and become a crucial component of CCL Label's Healthcare & Specialty division.

Type- Industry is divided into 2 viewpoints:

1. Active RFID
2. Passive RFID

Product- Industry is divided into 4 viewpoints:

1. Tags
2. Readers
3. Antennas
4. Others

Frequency- Industry is divided into 3 viewpoints:

1. Low Frequency
2. High Frequency
3. Ultra-High Frequency

End Use- Industry is divided into 7 viewpoints:

1. Retail
2. Financial Services
3. Healthcare
4. Industrial
5. Transportation & Logistics
6. Government
7. Others

Countries- Industry is divided into 25 viewpoints:

North America

• United States
• Canada

Europe

• France
• Germany
• Italy
• Spain
• United Kingdom
• Belgium
• Netherlands
• Turkey

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Thailand
• Malaysia
• Indonesia
• New Zealand

Latin America

• Brazil     
• Mexico  
• Argentina

Middle East & Africa

• South Africa
• Saudi Arabia
• United Arab Emirates

All companies have been covered with 5 Viewpoints

1. Overview
2. Key Persons
3. Recent Development & Strategies
4. Product Portfolio
5. Financial Insights

Company Analysis

1. Avery Dennison Corp.
2. Datalogic SpA
3. HID Global Corp.
4. Honeywell International Inc.
5. Impinj, Inc.
6. Invengo Information Technology Co., Ltd.
7. Nordic ID
8. NXP Semiconductors
9. Unitech Electronics Co., Ltd.

Report Details: