The article is about the evolution of the global RFID tags market from 2022 to 2030. The global market that was estimated at US$12.6 Billion in 2022 is forecast to reach US$12.8 Billion by 2030. It is also growing at a CAGR of 0.3%. In fact, the low cost and capacities of RFID tags make them more attractive for many industries such healthcare, manufacturing, and many others.
The global RFID tags market is divided into 2 categories which are passive RFID tags and active RFID tags. The passive RFID tags are forecast to grow at -1.6% CAGR by 2030. Regarding the active RFID tags, it is projected to develop at a CAGR of 1.4% and reach US$8.4 Billion by 2030.
Based on regions, the US market was estimated at US$3.2 Billion in 2022. The China market is also growing at a CAGR of 5.5%, and it is expected to reach US$2.9 Billion by 2030. Another region is Japan which is growing at a CAGR of -2.8%. Germany is forecast to grow at approximately -1.7% CAGR. Canada is growing at 1% as well.
GAO RFID is cited along with Alien Technology, Confidex Ltd., HID Global Corporation, Honeywell AIDC, Impinj, Inc., Invengo Technology Pte. Ltd, NXP Semiconductors NV, and Omni and ID Ltd, as the key companies that boost the global market for RFID tags.