The “Global RFID Tag Market: Trends, Forecast, and Competitive Analysis to 2030” presents a detailed examination of the RFID tag market landscape, offering insights into its evolution, projected trends, and competitive dynamics over the forecast period. This comprehensive report forecasts the global RFID tag market to attain an estimated value of $20.8 billion by 2030, indicating a steady compound annual growth rate (CAGR) of 8.5% from 2024 to 2030.
The market is segmented by product type (including active RFID tags and passive RFID tags), frequency (spanning low-frequency, high-frequency, and ultra-high frequency categories), application domains, and geographic regions.
The report highlights significant drivers propelling market growth, such as escalating demand from the retail sector to bolster visibility and operational efficiency, increased adoption of automated toll booth payment systems, and the burgeoning utilization of RFID tags in healthcare for patient-tracking systems.
Key industry players shaping the RFID tag market landscape are profiled, including NXP Semiconductors, Invengo Technology, Honeywell International, HID Global, GAO RFID Inc., and others.
The report provides insights into market size estimates, trend analysis, and growth forecasts across various segments by product type, frequency, application, and region. Additionally, strategic considerations and growth opportunities are elucidated.
Projections indicate that the active RFID tag segment is poised for higher growth, driven by its extensive applications across sectors for enhancing supply chain efficiency and asset tracking. Furthermore, the Asia-Pacific region is anticipated to witness robust growth, fueled by the rapid expansion of industry 4.0 initiatives and escalating demand for electronic ID cards and RFID tag-based smart cards.
Overall, the “Global RFID Tag Market: Trends, Forecast, and Competitive Analysis to 2030” report serves as an indispensable resource for industry stakeholders seeking comprehensive insights into market dynamics, growth opportunities, and competitive landscapes within the RFID tag market.