RFID Tags Market is Anticipated to Grow US$ 29.5 Bn By 2030

The global RFID Tags market is expected to grow at a CAGR of around 10.2% over the forecast period 2021 to 2030 and expected to reach the market value of around US$ 29.5 billion by 2030.

Download Exclusive Sample of Report@ https://www.visionresearchreports.com/report/sample/38519

The market growth can be primarily attributed to a host of factors, including widening applications of RFID tags in different industrial domains, booming e-Commerce and retail sectors in both, the developed as well as developing regions, advancements in technology, and ongoing efforts made by engineers and scientists to improve the accuracy of RFID tags.

Radio-Frequency Identification (RFID) is a technology used for automated identification of people, objects, animals, and materials. RFID tags, also known as RFID transponders, are small radio frequency identification devices used for tracking and identification purposes. RFID tags are typically built of Integrated Circuit (IC), consisting of a thin film, an antenna, and a memory. The memory of RFID tags stores the product’s electronic product code (EPC), and other information that can be tracked and read by RFID readers.

RFID tags are categorized on the basis of source of power: active RFID and passive RFID. Active RFID makes use of battery power to transmit signals to readers. Passive tags do not have an inbuilt power source and function on power from an RFID reader.

Furthermore, RFIDs have the potential to save time and money for organizations by providing real-time traceability, identification, communication, temperature, and location data for people and resources.

Key Growth Drivers

Growing Interest of the Retail Sector in RFID Technology

Increasing interest of the retail sector in the RFID technology is primarily due to enterprises’ desire to achieve greater visibility and speed in their supply chains, and want to increase both store effectiveness and operational efficiency. RFID in retail can be used to prevent theft and track items that are frequently moved and often misplaced. The RFID technology allows retailers to track their inventory throughout the retail supply chain, from warehouse shelves all the way to the sales floor. An effective supply chain operation ensures that goods are delivered on time and to the place where customers are able to buy them. Potential gains from the usage of RFID tags include reduced labor costs, increased sales, and lower inventory levels.

Automated Toll Booth Payment Utilizing RFID

The economic condition of a country primarily depends on the efficiency of its transportation system. Efficient transport systems offer a wide range of social and economic benefits such as increasing employment, better accessibility to markets, and additional investments, thus making it important for the transportation industry to adapt rapidly to technological advancements. Automatic toll collection utilizing RFID is a technology that allows automated electronic collection of toll costs. This acts as a major driver for the RFID tags market.

RFID technology has increased the productivity of automated toll booth payment services. Commuters can now drive their vehicle straight through the toll booth without lining up for financial transactions and paying toll in booth manually. This is made possible by utilizing RFID tags that are located inside the vehicle, and receivers located in the toll booth. The toll is automatically deducted from the commuter’s account when the vehicle drives through. Thus, increasing usage of RFID tags in vehicles for automatic toll collection is anticipated to propel the expansion of the market in the near future.

Regional Outlook

North America is anticipated to dominate the RFID tags market during the forecast period. The U.S. is estimated to hold a notable share of the RFID tags market in North America and the market in the country is projected to expand at a CAGR of 7.3% during the forecast period. The changing industry scenario, along with recent upsurge in cost and services of products have resulted in higher demand for RFID systems, especially tags.

Asia Pacific held a substantial share of the global RFID tags market in 2020 with China, India, and Japan being the major markets in the region. The RFID tags market in Europe, Middle East & Africa, and South America is also projected to expand moderately during the forecast period.

The report provides in-depth segment analysis of the global RFID tags market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the RFID tags market.

Key Players

Key players profiled in the report include Alien Technology, Atmel Corp, Avery Dennison Corporation, Checkpoint Systems, Confidex Ltd., FUJITSU, GAO RFID, HID Global Corporation, Honeywell Corporation, Impinj Inc., Invengo Information Technology Co., Ltd., Keonn Technologies, S.L., Laird, MoreRfid., MTI Wireless Edge, NXP Semiconductors N.V., Omni- ID Ltd., RF Code, Vizinex RFID, and Zebra Technologies Corp.

Global RFID Tags Market: Segmentation

RFID Tags Market, by Type

  • Active RFID Tags
  • Passive RFID Tags

RFID Tags Market, by Form Factor

  • Labels
  • Cards
  • Fobs
  • Hard Tags
  • Others

RFID Tags Market, by Application

  • Retail & Wholesale
  • Agriculture
  • Healthcare/Medical
  • BFSI
  • Transportation & Logistics
  • Education
  • Others (Automotive and Food & Beverages)

RFID Tags Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
  • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa (MEA)
  • South America
    • Brazil
    • Rest of South America

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38519

Research Methodology

The research methodology adopted by analysts for compiling the global RFID tags market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global RFID tags market.

Table of Contents

Chapter 1.    Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.    Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.  Market Snapshot

Chapter 4.    Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.     Raw Material Procurement Analysis

4.3.2.     Sales and Distribution Channel Analysis

4.3.3.     Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.     Market Drivers

5.1.2.     Market Restraints

5.1.3.     Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.     Bargaining power of suppliers

5.2.2.     Bargaining power of buyers

5.2.3.     Threat of substitute

5.2.4.     Threat of new entrants

5.2.5.     Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.     Company Market Share/Positioning Analysis

6.1.2.     Key Strategies Adopted by Players

6.1.3.     Vendor Landscape

6.1.3.1.          List of Suppliers

6.1.3.2.          List of Buyers

Chapter 7.    Global RFID Tags Market, By Type

7.1.  RFID Tags Market, by Type, 2021-2030

7.1.1.     Active RFID Tags

7.1.1.1.          Market Revenue and Forecast (2016-2030)

7.1.2.     Passive RFID Tags

7.1.2.1.          Market Revenue and Forecast (2016-2030)

Chapter 8.    Global RFID Tags Market, By Application

8.1.  RFID Tags Market, by Application, 2021-2030

8.1.1.     Labels

8.1.1.1.          Market Revenue and Forecast (2016-2030)

8.1.2.     Cards

8.1.2.1.          Market Revenue and Forecast (2016-2030)

8.1.3.     Fobs

8.1.3.1.          Market Revenue and Forecast (2016-2030)

8.1.4.     Hard Tags

8.1.4.1.          Market Revenue and Forecast (2016-2030)

8.1.5.     Others

8.1.5.1.          Market Revenue and Forecast (2016-2030)

Chapter 9.    Global RFID Tags Market, By Application

9.1.  RFID Tags Market, by Application, 2021-2030

9.1.1.     Retail & Wholesale

9.1.1.1.          Market Revenue and Forecast (2016-2030)

9.1.2.     Agriculture

9.1.2.1.          Market Revenue and Forecast (2016-2030)

9.1.3.     Healthcare/Medical

9.1.3.1.          Market Revenue and Forecast (2016-2030)

9.1.4.     BFSI

9.1.4.1.          Market Revenue and Forecast (2016-2030)

9.1.5.     Transportation & Logistics

9.1.5.1.          Market Revenue and Forecast (2016-2030)

9.1.6.     Education

9.1.6.1.          Market Revenue and Forecast (2016-2030)

9.1.7.     Others (Automotive and Food & Beverages)

9.1.7.1.          Market Revenue and Forecast (2016-2030)

Chapter 10.Global RFID Tags Market, Regional Estimates and Trend Forecast

10.1.          North America

10.1.1.  Market Revenue and Forecast, by Type (2016-2030)

10.1.2.  Market Revenue and Forecast, by Application (2016-2030)

10.1.3.  Market Revenue and Forecast, by Application (2016-2030)

10.1.4.  U.S.

10.1.4.1.       Market Revenue and Forecast, by Type (2016-2030)

10.1.4.2.       Market Revenue and Forecast, by Application (2016-2030)

10.1.4.3.       Market Revenue and Forecast, by Application (2016-2030)

10.1.5.  Rest of North America

10.1.5.1.       Market Revenue and Forecast, by Type (2016-2030)

10.1.5.2.       Market Revenue and Forecast, by Application (2016-2030)

10.1.5.3.       Market Revenue and Forecast, by Application (2016-2030)

10.2.          Europe

10.2.1.  Market Revenue and Forecast, by Type (2016-2030)

10.2.2.  Market Revenue and Forecast, by Application (2016-2030)

10.2.3.  Market Revenue and Forecast, by Application (2016-2030)

10.2.4.  UK

10.2.4.1.       Market Revenue and Forecast, by Type (2016-2030)

10.2.4.2.       Market Revenue and Forecast, by Application (2016-2030)

10.2.4.3.       Market Revenue and Forecast, by Application (2016-2030)

10.2.5.  Germany

10.2.5.1.       Market Revenue and Forecast, by Type (2016-2030)

10.2.5.2.       Market Revenue and Forecast, by Application (2016-2030)

10.2.5.3.       Market Revenue and Forecast, by Application (2016-2030)

10.2.6.  France

10.2.6.1.       Market Revenue and Forecast, by Type (2016-2030)

10.2.6.2.       Market Revenue and Forecast, by Application (2016-2030)

10.2.6.3.       Market Revenue and Forecast, by Application (2016-2030)

10.2.7.  Rest of Europe

10.2.7.1.       Market Revenue and Forecast, by Type (2016-2030)

10.2.7.2.       Market Revenue and Forecast, by Application (2016-2030)

10.2.7.3.       Market Revenue and Forecast, by Application (2016-2030)

10.3.          APAC

10.3.1.  Market Revenue and Forecast, by Type (2016-2030)

10.3.2.  Market Revenue and Forecast, by Application (2016-2030)

10.3.3.  Market Revenue and Forecast, by Application (2016-2030)

10.3.4.  India

10.3.4.1.       Market Revenue and Forecast, by Type (2016-2030)

10.3.4.2.       Market Revenue and Forecast, by Application (2016-2030)

10.3.4.3.       Market Revenue and Forecast, by Application (2016-2030)

10.3.5.  China

10.3.5.1.       Market Revenue and Forecast, by Type (2016-2030)

10.3.5.2.       Market Revenue and Forecast, by Application (2016-2030)

10.3.5.3.       Market Revenue and Forecast, by Application (2016-2030)

10.3.6.  Japan

10.3.6.1.       Market Revenue and Forecast, by Type (2016-2030)

10.3.6.2.       Market Revenue and Forecast, by Application (2016-2030)

10.3.6.3.       Market Revenue and Forecast, by Application (2016-2030)

10.3.7.  Rest of APAC

10.3.7.1.       Market Revenue and Forecast, by Type (2016-2030)

10.3.7.2.       Market Revenue and Forecast, by Application (2016-2030)

10.3.7.3.       Market Revenue and Forecast, by Application (2016-2030)

10.4.          MEA

10.4.1.  Market Revenue and Forecast, by Type (2016-2030)

10.4.2.  Market Revenue and Forecast, by Application (2016-2030)

10.4.3.  Market Revenue and Forecast, by Application (2016-2030)

10.4.4.  GCC

10.4.4.1.       Market Revenue and Forecast, by Type (2016-2030)

10.4.4.2.       Market Revenue and Forecast, by Application (2016-2030)

10.4.4.3.       Market Revenue and Forecast, by Application (2016-2030)

10.4.5.  North Africa

10.4.5.1.       Market Revenue and Forecast, by Type (2016-2030)

10.4.5.2.       Market Revenue and Forecast, by Application (2016-2030)

10.4.5.3.       Market Revenue and Forecast, by Application (2016-2030)

10.4.6.  South Africa

10.4.6.1.       Market Revenue and Forecast, by Type (2016-2030)

10.4.6.2.       Market Revenue and Forecast, by Application (2016-2030)

10.4.6.3.       Market Revenue and Forecast, by Application (2016-2030)

10.4.7.  Rest of MEA

10.4.7.1.       Market Revenue and Forecast, by Type (2016-2030)

10.4.7.2.       Market Revenue and Forecast, by Application (2016-2030)

10.4.7.3.       Market Revenue and Forecast, by Application (2016-2030)

10.5.          Latin America

10.5.1.  Market Revenue and Forecast, by Type (2016-2030)

10.5.2.  Market Revenue and Forecast, by Application (2016-2030)

10.5.3.  Market Revenue and Forecast, by Application (2016-2030)

10.5.4.  Brazil

10.5.4.1.       Market Revenue and Forecast, by Type (2016-2030)

10.5.4.2.       Market Revenue and Forecast, by Application (2016-2030)

10.5.4.3.       Market Revenue and Forecast, by Application (2016-2030)

10.5.5.  Rest of LATAM

10.5.5.1.       Market Revenue and Forecast, by Type (2016-2030)

10.5.5.2.       Market Revenue and Forecast, by Application (2016-2030)

10.5.5.3.       Market Revenue and Forecast, by Application (2016-2030)

Chapter 11.   Company Profiles

11.1.                 Alien Technology

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.                 Atmel Corp

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.                 Avery Dennison Corporation

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.                 Checkpoint Systems

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.                 Confidex Ltd.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.                 FUJITSU

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

11.7.                 GAO RFID

11.7.1.  Company Overview

11.7.2.  Product Offerings

11.7.3.  Financial Performance

11.7.4.  Recent Initiatives

11.8.                 HID Global Corporation

11.8.1.  Company Overview

11.8.2.  Product Offerings

11.8.3.  Financial Performance

11.8.4.  Recent Initiatives

11.9.                 Honeywell Corporation

11.9.1.  Company Overview

11.9.2.  Product Offerings

11.9.3.  Financial Performance

11.9.4.  Recent Initiatives

11.10.              Impinj Inc.

11.10.1.                   Company Overview

11.10.2.                   Product Offerings

11.10.3.                   Financial Performance

11.10.4.                   Recent Initiatives

Chapter 12.   Research Methodology

12.1.                 Primary Research

12.2.                 Secondary Research

12.3.                 Assumptions

Chapter 13.   Appendix

13.1.                 About Us

13.2.                 Glossary of Terms

Buy this Research Report study@ https://www.visionresearchreports.com/report/cart/38519

Contact Us:

Vision Research Reports

Call: +1 9197 992 333

Email: sales@visionresearchreports.com