Radio Frequency Identification (RFID) Market to Grow by USD 7.86 Bn | Adoption of Inventory Management Systems to Drive Growth |Technavio

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Dec 08, 2021, 07:30 ET

NEW YORK, Dec. 8, 2021 /PRNewswire/ -- Some of the primary growth drivers for the radio frequency identification (RFID) market are the adoption of inventory management systems, adoption of RFID solutions in cloud middleware, and increase in the adoption of RFID in the e-commerce market. RFID tags help users record and recognize the product database with improved precision.

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Attractive Opportunities in Radio Frequency Identification Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

The radio frequency identification (RFID) market size is expected to grow by USD 7.86 bn from 2020 to 2025. The growth momentum of the market will accelerate at a CAGR of 10.07% during this period.

Regional Analysis

40% of the growth will originate from APAC.
China is a key country for the radio frequency identification (RFID) market in APAC.
Market growth in this region will be faster than the growth of the market in North America, Europe, South America, and MEA.

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Notes:

The radio frequency identification (RFID) market size is expected to accelerate at a CAGR of 10.07% during the forecast period.
The radio frequency identification (RFID) market is segmented by product (RFID tags, middleware, passive RFID systems, and active RFID systems), end-user (industrial, BFSI, retail, logistics, and others), and geography (North America, APAC, Europe, South America, and MEA).
The market is fragmented due to the presence of many vendors holding significant market share.
The report offers information on several market vendors, including Alien Technology LLC, CoreRFID Ltd., Datalogic Spa, eAgile Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., NXP Semiconductors NV, Siemens AG, and Zebra Technologies Corp.

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Radio Frequency Identification (RFID) Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 10.07%
Market growth 2021-2025	USD 7.86 billion
Market structure	Fragmented
YoY growth (%)	8.85
Regional analysis	North America, APAC, Europe, South America, and MEA
Performing market contribution	APAC at 40%
Key consumer countries	US, China, UK, Canada, and Germany
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	Alien Technology LLC, CoreRFID Ltd., Datalogic Spa, eAgile Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., NXP Semiconductors NV, Siemens AG, and Zebra Technologies Corp.
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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