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

News provided by

Technavio

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.

View FREE Report Sample for additional information about the drivers impacting the radio frequency identification (RFID) market

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.

For more information about the contribution of each region of the market, View Our Free Sample 

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.

Subscribe to our "Lite Plan" billed annually at USD 3000 that enables you to download 3 reports a year and view 3 reports every month.

Related Reports:

  • VPN Market: The VPN Market has been segmented by type (MPLS, IP, and others) and geography (North America, Europe, APAC, South America, and MEA). Download Free Sample Report
  • IoT Chip Market: The IoT Chip Market has been segmented by application (smart cities, industrial ethernet, smart wearables, connected vehicles, and connected homes) and geography (APAC, North America, Europe, South America, and MEA). Download Free Sample Report

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.

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio