What is the current market size and future outlook for the radiofrequency identification (rfid) tags market?
The radiofrequency identification (RFID) tags market size has grown strongly in recent years. It will grow from $11.4 billion in 2024 to $12.2 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in industrial sector, rise in e-commerce industry, and rise in healthcare expenditure.
The radiofrequency identification (RFID) tags market size is expected to see strong growth in the next few years. It will grow to $17.83 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to rising adoption of internet of things (IoT), rise in e-commerce industry, rise in healthcare expenditure, growth in industrial sector, increasing smart cities, and COVID-19 pandemic has accelerated the adoption of RFID tags across different sectors. Major trends in the forecast period include focusing on strategic acquisitions in order to expand into newer markets, to increase their market share, get access to newer technologies, and ultimately get the potential to increase their revenues, technological advancements and focus on new product launches.
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How has the radiofrequency identification (rfid) tags market evolved, and what factors have shaped its growth?
The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information. RFID technology gives e-commerce organizations a better picture of the supply chain, allowing them to find what they need to fulfill a customer’s request. For instance, in August 2024, according to United States Census Bureau, a US-based government agency, U.S. retail e-commerce sales for the second quarter of 2024 reached an estimated $282.3 billion, marking a 5.3% increase compared to the first quarter of 2023. Therefore, the rising e-commerce and online retail sales drive the growth of the RFID tags market.
What are the major segments of the radiofrequency identification (rfid) tags market?
The radiofrequency identification (RFID) tags market covered in this report is segmented –
1) By Tag Type: Active RFID, Passive RFID
2) By Material: Plastic, Paper, Glass, Metal, Other Materials
3) By Frequency: Low Frequency, High Frequency, Ultra High Frequency
4) By Application: AIndustrial, Retail And Wholesale, Healthcare, BFSI, Transpiration And Logistics, Government, Other Applications
Subsegments:
1) By Active RFID: Battery-Powered Active RFID Tags, Semi-Passive RFID Tags (Battery-Assisted Passive Tags), Real-Time Location System (RTLS) Tags
2) By Passive RFID: High-Frequency (HF) Passive RFID Tags, Low-Frequency (LF) Passive RFID Tags, Ultra-High Frequency (UHF) Passive RFID Tags, NFC (Near Field Communication) Tags, On-Metal Passive RFID Tags
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Which companies dominate the radiofrequency identification (rfid) tags market?
Major companies operating in the radiofrequency identification (RFID) tags market include Avery Dennison Corporation, Honeywell International Inc., NXP Semiconductors N.V., Identiv Inc., Zebra Technologies Corporation, HID Global, Invengo Information Technology Co Ltd, Nedap, Omni-ID, GAO RFID Inc., Essen RFID, Asset Online Pvt. Ltd, Raviraj Technologies, Greenfuturz, Chipsilicon, Copper Spiral RFID, CFI global, Zhejiang Laxcen Information Technology Co. Ltd, Shenzhen ZD Technology Co. Ltd, Chengdu Mind Golden Card System Co. Ltd, Guangzhou Qingsong Digital Technology Co. Ltd, Shenzhen Udohow Electronics Co. Ltd, Vantage Ear Tag RFID Technology Co. Ltd, SALTO Systems, Suprema, Alfi srl, Torchwood Technologies, Codegate Ltd, Pervasid, Alien Technology Corporation, AMS AG, Atmel Corp, CipherLab Co. Ltd., Confidex Ltd, Datalogic S.p.A., Impinj Inc., SMARTRAC N.V, Technology Solutions UK Ltd. (TSL), ThinkMagic (Trimble), Texas instruments, Roper Technologies Inc., Orbcomm Inc, Gaming Partners International Corporation, Marnlen, Bastian Solutions, SATO America, InLogic IT Solution, DominateRFID, Datametric Technologies LLC, Amricon, Acube Infotech LLC, ScreenCheck, OGTech, EAM RFID Solutions, Askaris, Absolute Integrated Electronic Solutions (AIES), Aitech Systems Ltd, Al Smari Trading, Attraf company, BUCHI Labortechnik AG
How will evolving trends contribute to the growth of the radiofrequency identification (rfid) tags market?
RFID companies are increasingly implementing advanced technologies such as IoT and Big Data which is a growing trend in the market. With the help of IoT, RFID tags can connect objects into a network and make them create and send data. It assists in the real-time monitoring of tagged objects and the creation of a system of connected devices that broadcast information about their position, conditions, and quantities in real-time. For instance, in February 2023, Omni-ID, a US-based company operating in passive industrial radio frequency identification (RFID) tags, introduced a new range of Bluetooth Low Energy (BLE) and Long Range (LoRa) enabled IoT devices that utilize a comprehensive set of sensors with the ability to transmit situational and status data using Radiofrequency Identification (RFID) tags to enhance asset Management & Logistics process in an organization.
What are the key regional dynamics of the radiofrequency identification (rfid) tags market, and which region leads in market share?
The countries covered in the radiofrequency identification (RFID) tags market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Radiofrequency Identification (RFID) Tags Market Report 2025 Offer?
The radiofrequency identification (rfid) tags market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Radiofrequency Identification (RFID) Tags are small devices with a chip and an antenna that may be used to wirelessly identify the objects they are attached to by using an RFID reader. RFID tags transmit their identification, track, and communicate information to adjacent readers through radio waves, and can store a variety of data ranging from a single serial number to multiple pages of information. It uses that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves.
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