The report outlines the promising future of the global RFID tag market, with opportunities emerging across various sectors such as transportation, agriculture, logistics, healthcare, aerospace, and retail. Projections suggest that by 2030, the market is anticipated to reach $20.8 billion, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2030. Key drivers fueling this growth include increasing demand from the retail sector to enhance visibility and speed, the extensive use of RFID tags in automated toll booth payments, and the rising adoption of these tags for patient-tracking systems.
Covering more than 150 pages, the report offers comprehensive insights to aid in strategic business decisions. It delves into various segments of the RFID tag market, including product types, frequencies, applications, and regional analysis.
In terms of product type, the market is segmented into active RFID tags and passive RFID tags. Additionally, the report provides a shipment analysis by value from 2018 to 2030 for each product type. Frequency-wise segmentation includes low-frequency (LF) RFID tags, among others, with a detailed analysis of shipment values from 2018 to 2030.
Furthermore, the report sheds light on related market reports, such as those on RFID tags for blood products, RFID flexible metal tags, thermal printable wristbands, and more. These reports offer additional insights into niche segments of the broader RFID market landscape.
Finally, in the competitive market of RFID tags, companies strive to differentiate themselves based on the quality of their products. Major players pursue strategies such as expanding manufacturing facilities, investing in research and development, developing infrastructure, and integrating across the value chain. These efforts enable RFID tag companies to meet increasing demand, enhance competitiveness, innovate, reduce production costs, and broaden their customer base. Key companies in this market include NXP Semiconductors, Invengo Technology, Honeywell International, HID Global, Applied Wireless, OMNI-ID, CORERFID, GAO RFID, Caen RFID, and Alien Technology.