The radio frequency identification market share is estimated to show promising growth throughout the forecast period, expanding at a CAGR of 13.2%. The radio frequency identification market value is expected to expand from US$ 16,315.67 million in 2024 to US$ 56,372.72 million by 2034.
Trends Analysis of Radio Frequency Identification (RFID) Market
Attributes | Key Insights |
---|---|
Estimated Radio Frequency Identification Market Size (2024E) | US$ 16,315.67 million |
Projected Radio Frequency Identification Industry Value (2034F) | US$ 56,372.72 million |
Value-based CAGR (2024 to 2034) | 13.2% |
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This section is dedicated to a comparative analysis of various markets that are linked with the RFID industry. For this study, prospects in the radio frequency beauty equipment market and the radio frequency integrated circuit (RFIC) market are introspected, alongside the main market.
The column below captures a broad view of these markets, based on trends, drivers, and opportunities. Out of these markets, the radio frequency beauty equipment market is projected to expand at a robust pace, leaving behind the RFID and RFIC markets.
Radio Frequency Identification Market:
Attributes | Radio Frequency Identification Market |
---|---|
CAGR (2024 to 2034) | 13.2% |
Growth Factor | Rapid adoption of RFID tags in the manufacturing sector |
Opportunity | Development of sustainable RFID tags to lower carbon footprint |
Key Trends | Increasing the use of radio-frequency identification technology to bring efficiencies in the supply chain |
Radio Frequency Beauty Equipment Market:
Attributes | Radio Frequency Beauty Equipment Market |
---|---|
CAGR (2024 to 2034) | 17.8% |
Growth Factor |
|
Opportunity | Increasing skepticism for invasive surgeries |
Key Trends | Growing acceptance of the latest technologies that provide an effective solution |
Radio Frequency Integrated Circuit (RFIC) Market:
Attributes | Radio Frequency Integrated Circuit (RFIC) Market |
---|---|
CAGR (2024 to 2034) | 8.2% |
Growth Factor | Rising execution of next-Gen Long-Term Evolution (LTE) wireless networks |
Opportunity | Collaboration among electronic gadget makers, IT service providers, telecom suppliers, and automobile OEMs to integrate these technologies into vehicles |
Key Trends | IoT applications are thriving in advanced countries like the United Kingdom, Japan, and the United States |
Leading Component | RFID Tags |
---|---|
Value Share (2024) | 28.60% |
The RFID tags segment is expected to acquire a market share of 28.60% in 2024. Over the forecast period, this segment is anticipated to expand based on:
Leading Application | Retail |
---|---|
Value Share (2024) | 21.60% |
The retail sector is excessively using RFID technology. In 2024, this sector is projected to obtain 21.60%. Key factors driving segment growth are:
Countries | Forecast CAGR (2024 to 2034) |
---|---|
The United States | 10.10% |
Germany | 1.70% |
Japan | 2.00% |
China | 13.70% |
Australia and New Zealand | 16.70% |
The radio frequency identification (RFID) market in the United States is projected to register a CAGR of 10.1% through 2034. Such promising growth trajectory of this market is driven by:
The China radio frequency identification market is set to expand at a CAGR of 13.7% through 2034. The radiofrequency identification (RFID) market dynamics are driven by factors like:
RFID technology market in Germany to record a growth rate of 1.7% through 2034. Factors contributing to the market’s growth are as follows:
The Australia and New Zealand RFID market is projected to expand at a CAGR of 16.7% from 2024 to 2034. The market is being catalyzed by:
The Japan radio frequency identification (RFID) market is expected to register a 2% CAGR through 2034. Key factors that are promoting market growth are as follows:
Key players are finding significant growth in the RFID market. This can be attributed to the rising market competition and the international presence of premium RFID solutions. Key players in the market are concentrating on research and development activities to introduce distinct products, thus expanding their product portfolios.
Market players are expected to invest in acquisitions, mergers, and collaborations to have an upper hand in the market. Industry participants are customizing their services and products to resolve unique challenges and leverage opportunities presented by certain sectors. This targeted approach is expected to allow companies to serve niche markets.
Market contenders are collaborating with government agencies, industry associations, and research institutions to foster standardization efforts, knowledge sharing, and the development of new applications for RFID technology. This is broadening market awareness and facilitating wider adoption.
Latest Developments in the Radio Frequency Identification Market
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The market is estimated to account for US$ 16,315.67 million in 2024.
Throughout the forecast period, the radio frequency identification industry is projected to register a CAGR of 13.2%.
By 2034, the radio frequency identification industry is forecast to be worth US$ 56,372.72 million.
RFID tags segment is expected to obtain a considerable value share in the radio frequency identification industry.
China, Australia, and New Zealand are expected to find substantial growth prospects in the future.
Leading companies in the radio frequency identification industry include Alien Technology, Omni-ID, Ltd., and Molex Inc.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Component 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2024 to 2034 5.3.1. RFID Tags 5.3.1.1. Low Frequency (LF) 5.3.1.2. High Frequency (HF) 5.3.1.3. Ultra-High Frequency (UHF) 5.3.1.4. Microwave Frequency 5.3.1.5. Ultra-Wideband (UWB) 5.3.2. RFID Readers 5.3.3. RFID Software and Middleware 5.4. Y-o-Y Growth Trend Analysis By Component, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Component, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Applications 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Applications, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Applications, 2024 to 2034 6.3.1. Logistics and Transportation 6.3.2. Aerospace and Defense 6.3.3. Automotive 6.3.4. Retail and Consumer Goods 6.3.5. Agriculture 6.3.6. Healthcare 6.3.7. Government 6.4. Y-o-Y Growth Trend Analysis By Applications, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By Applications, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2019 to 2023 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2024 to 2034 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Component 8.2.3. By Applications 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Component 8.3.3. By Applications 8.4. Key Takeaways 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Component 9.2.3. By Applications 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Component 9.3.3. By Applications 9.4. Key Takeaways 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Component 10.2.3. By Applications 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Component 10.3.3. By Applications 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Component 11.2.3. By Applications 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Component 11.3.3. By Applications 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Component 12.2.3. By Applications 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Component 12.3.3. By Applications 12.4. Key Takeaways 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Component 13.2.3. By Applications 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Component 13.3.3. By Applications 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Component 14.2.3. By Applications 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Component 14.3.3. By Applications 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Market Share Analysis, 2023 15.1.1.1. By Component 15.1.1.2. By Applications 15.2. Canada 15.2.1. Market Share Analysis, 2023 15.2.1.1. By Component 15.2.1.2. By Applications 15.3. Brazil 15.3.1. Market Share Analysis, 2023 15.3.1.1. By Component 15.3.1.2. By Applications 15.4. Mexico 15.4.1. Market Share Analysis, 2023 15.4.1.1. By Component 15.4.1.2. By Applications 15.5. Germany 15.5.1. Market Share Analysis, 2023 15.5.1.1. By Component 15.5.1.2. By Applications 15.6. UK 15.6.1. Market Share Analysis, 2023 15.6.1.1. By Component 15.6.1.2. By Applications 15.7. France 15.7.1. Market Share Analysis, 2023 15.7.1.1. By Component 15.7.1.2. By Applications 15.8. Spain 15.8.1. Market Share Analysis, 2023 15.8.1.1. By Component 15.8.1.2. By Applications 15.9. Italy 15.9.1. Market Share Analysis, 2023 15.9.1.1. By Component 15.9.1.2. By Applications 15.10. Poland 15.10.1. Market Share Analysis, 2023 15.10.1.1. By Component 15.10.1.2. By Applications 15.11. Russia 15.11.1. Market Share Analysis, 2023 15.11.1.1. By Component 15.11.1.2. By Applications 15.12. Czech Republic 15.12.1. Market Share Analysis, 2023 15.12.1.1. By Component 15.12.1.2. By Applications 15.13. Romania 15.13.1. Market Share Analysis, 2023 15.13.1.1. By Component 15.13.1.2. By Applications 15.14. India 15.14.1. Market Share Analysis, 2023 15.14.1.1. By Component 15.14.1.2. By Applications 15.15. Bangladesh 15.15.1. Market Share Analysis, 2023 15.15.1.1. By Component 15.15.1.2. By Applications 15.16. Australia 15.16.1. Market Share Analysis, 2023 15.16.1.1. By Component 15.16.1.2. By Applications 15.17. New Zealand 15.17.1. Market Share Analysis, 2023 15.17.1.1. By Component 15.17.1.2. By Applications 15.18. China 15.18.1. Market Share Analysis, 2023 15.18.1.1. By Component 15.18.1.2. By Applications 15.19. Japan 15.19.1. Market Share Analysis, 2023 15.19.1.1. By Component 15.19.1.2. By Applications 15.20. South Korea 15.20.1. Market Share Analysis, 2023 15.20.1.1. By Component 15.20.1.2. By Applications 15.21. GCC Countries 15.21.1. Market Share Analysis, 2023 15.21.1.1. By Component 15.21.1.2. By Applications 15.22. South Africa 15.22.1. Market Share Analysis, 2023 15.22.1.1. By Component 15.22.1.2. By Applications 15.23. Israel 15.23.1. Market Share Analysis, 2023 15.23.1.1. By Component 15.23.1.2. By Applications 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Component 16.3.3. By Applications 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Zebra Technologies Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Invengo Information Technology Co. Ltd. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Xerox Corporation 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. Thin Film Electronics ASA 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. HID Global Corporation 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. GAO RFID Inc. 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Impinj, Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Alien Technology 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Omni-ID, Ltd. 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Molex Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
Technology
June 2021
REP-GB-7083
May 2023
317 pages
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