Report Scope:
This report provides an overview of the global market for RFID and analyzes market trends. Using 2021 as the base year, the report provides estimated market data for the forecast period 2022 through 2027. Revenue forecasts for this period are segmented based on component, frequency, type, application, and region.
The report also focuses on the major trends and challenges that affect the market and the competitive landscape. It explains the current market trends and provides detailed profiles of the major players and the strategies they adopt to enhance their market presence. The report estimates the size of the global RFID market in 2021 and provides projections of the expected market size through 2027.
Report Includes:
- 41 data tables and 29 additional tables
- A comprehensive overview and up-to-date analysis of the global markets for RFID (radio frequency identification) technology and applications
- Analyses of the global market trends, with historic market revenue (sales figures) for 2021, estimates for 2022, forecasts for 2023 and 2025, and projections of compound annual growth rates (CAGRs) through 2027
- Estimation of the actual market size and revenue forecast for global RFID market in USD million values, and its corresponding market share analysis based on the component, frequency, technology type, application, and region
- Updated information on market drivers and opportunities for the RFID industry, key shifts and regulations, technology specific challenges, and other demographic and macroeconomic factors affecting the global and regional market demand over the forecast period (2022-2027)
- Coverage of the technological, economic, and business considerations of the global RFID market, with market data analyses and growth forecasts through 2027
- Insight into the recent industry structure for RFID technologies, competitive aspects of each product segments, increasing investment on R&D activities, market growth strategies, and company revenue share analysis
- Review of the patents issued and patent applications on the RFID technology as well as technological trends and new developments in the global market over a brief period
- Identification of the major stakeholders and analysis of the company competitive landscape based on their recent developments, financial performance, and segmental revenues
- Detailed company profiles of the leading market players, including ams-OSRAM AG, ASSA Abloy AB, Avery Dennison Corp., CCL Industries Inc., Impinj Inc., and Honeywell International Inc.
Summary:
Technological advancements in RFID technology, convergence of RF-based devices with other communication technologies, and growth in semi-passive and printed tags are anticipated to drive the radio frequency identification technology market growth in the coming years. Additionally, hybrid systems, pre-printed tags, and efficient memory usage are the pivotal opportunities that solution vendors are focusing on for this market. As the industry has been maturing, there have been increasing efforts for the standardization of products and frequency bands. The International Organization for Standardization (ISO), Engineering, Procurement, and Construction (EPC), and RAIN RFID, a global alliance, are some of the organizations which are projected to play an important role in this process. Intellectual property rights, well-developed supply chain, product licensing, and innovations are the key factors that are expected to shape the future of organizations over the forecast period.
RFID offers numerous benefits such as higher productivity, improved regulatory compliance, improved quality data capture, better security, and accurate and relevant management information. Moreover, recent growth and applications of RFID technology across a wide set of industries, such as retail, healthcare, transportation, and defense, among others, has spurred its adoption rate. The retail industry is at the forefront and has witnessed its technological reconnaissance with the usage of RFID tags. RFID will increasingly be one part of a whole ecosystem of sensors and communication technologies that will help organizations to better monitor and manage assets and shipments. It can potentially enable a whole host of new applications in retail, healthcare, manufacturing, and other sectors. Advancements in materials, growing adoption of nanotechnology, and organic polymers across industrial products will further enhance the market growth. Instead of a tag attached to a garment, for instance, an RFID transponder could be printed directly onto cloth or packaging using biodegradable conductive inks. This type of new initiative will allow both end users and RFID manufacturers to leverage these new technologies and ready themselves for more widespread use of RFID.
The global RFID market was valued at $REDACTED billion in 2021 and is expected to reach $REDACTED billion by 2027. The compound annual growth rate (CAGR) of the market is estimated to grow by REDACTED% over the forecast period 2022-2027. RFID technology is expected to witness a steady growth in the coming years, which is attributed to the increasing demand for locating, tracking, and monitoring objects and beings for security, safety, and resource optimization. As the world moves toward real-time location systems (RTLS), sensor networks, and the Internet of Things (IoT), radio frequency identification devices are anticipated to play an increasingly important role in capitalizing on these technologies.
The RFID deployed in the industry is composed of three major components, namely tags, readers, and software and services. The tags form the largest part of the market and are subject to prime development activities. While the deployment of passive tags is the largest in the industry, active tags are also gaining momentum as numerous new applications have sprung up in recent years and the tag size has continually been reducing. The major trends aiding in the radio frequency technology adoption are automation, real-time intelligence, supply chain management, asset tracking and payments, and NFC. The government mandates for the use of RFID tags for tracking various industry products, such as defense, livestock, and data centers, are also proving to be important factors in the industry's development.
RFID: Technology, Applications, and Global Markets
Table of Contents
Chapter 1 Introduction
1.1 Overview
1.2 Study Goals and Objectives
1.3 What's New in This Update?
1.4 Scope of Report
1.5 Intended Audiences
1.6 Information Sources
1.7 Research Methodology
1.8 Geographic Breakdown
1.9 Analyst's Credentials
1.10 BCC Custom Research
1.11 Related BCC Research Reports
Chapter 2 Executive Summary and Highlights
Chapter 3 Industry Outlook
3.1 Market Overview
3.1.1 RFID Standards
3.2 Value Chain Analysis
3.3 Data Acquisition
3.4 Data Transformation
3.5 Semantic Event Generation
3.6 Business Process Coordination
3.7 Decision/Action
3.8 PESTEL Analysis
3.9 SWOT Analysis
3.10 Porter's Five Forces Analysis
3.11 RFID Technology Roadmap
3.12 Use Cases Analysis
3.12.1 Industry 4.0 Operations
3.12.2 Distribution and Logistics
3.12.3 Asset Tracking
3.12.4 Supply Chain Management
3.12.5 Track & Trace and Regulatory Compliance
3.12.6 Brand Protection Anticounterfeiting & Grey Market Control
3.12.7 Retail
3.12.8 Inventory Accuracy
3.12.9 Visual Merchandising
3.12.10 Replenishment From Stockroom
3.12.11 Customer Experience and Relationship Management
3.12.12 Anti-theft
3.12.13 Omnichannel Sales
3.13 Assessment of the COVID-19 Impact on the Market
Chapter 4 Market Dynamics
4.1 Market Drivers
4.1.1 Growing Demand for RFID Products in Retail Sectors
4.1.2 Increasing Need for RFID Systems in Manufacturing Facilities to Boost Productivity
4.1.3 Growing Government Initiatives for the Use of AIDC Technology
4.2 Market Challenges
4.2.1 Higher Installation Costs Associated with RFID
4.2.2 Lack of Backup for Large Volume of Data
4.3 Market Opportunities
4.3.1 Rising Demand for Hybrid RFID Systems
4.3.2 Surge in Adoption of RFID Tags for Industry 4.0, Internet of Things, and Smart Manufacturing
Chapter 5 Market Breakdown by Component
5.1 Overview
5.2 RFID Tags
5.3 RFID Readers
5.4 Software and Services
Chapter 6 Market Breakdown by Frequency
6.1 Overview
6.2 Low Frequency
6.3 High Frequency
6.4 Ultra-High Frequency
Chapter 7 Market Breakdown by Type
7.1 Overview
7.2 Active RFID
7.3 Passive RFID
Chapter 8 Market Breakdown by Application
8.1 Overview
8.2 Retail
8.3 Healthcare
8.4 Transportation and Logistics
8.5 Industrial
8.6 Military and Defense
8.7 Others
8.7.1 Government
8.7.2 Financial Services
8.7.3 Agriculture
8.7.4 Animal Tracking
8.7.5 Consumer Products
Chapter 9 Market Breakdown by Region
9.1 Overview
9.2 North America
9.2.1 United States
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 United Kingdom
9.3.2 Germany
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.5 Latin America
9.5.1 Brazil
9.6 Middle East and Africa
Chapter 10 Patent Analysis
10.1 Introduction
10.2 Patent Analysis
10.3 Recent Granted Patents
Chapter 11 Competitive Landscape
11.1 Vendor Landscape
11.2 Market Ranking Analysis
11.3 Strategic Scenario
Chapter 12 Company Profiles
3M
ACTATEK (UK) Ltd.
AMS OSRAM AG
ASSA ABLOY AB
AVERY DENNISON CORP.
CHECKPOINT SYSTEMS, INC.
DATALOGIC S.P.A.
EAGILE INC.
GAO RFID INC.
HONEYWELL INTERNATIONAL INC.
IDENTIV INC.
IMPINJ, INC.
NXP SEMICONDUCTORS
TEXAS INSTRUMENTS, INC.
TIBCO (CLOUD SOFTWARE GROUP)
ZEBRA TECHNOLOGIES CORP.
List of Tables
Summary Table : Global Market for RFID, by Application, Through 2027
Table 1 : Global RFID Standards/Protocols
Table 2 : PESTEL Analysis of the Global RFID Market
Table 3 : Global Market for RFID, by Component, Through 2027
Table 4 : Global Market for RFID, by Frequency, Through 2027
Table 5 : Global Market for RFID, by Type, Through 2027
Table 6 : Global Market for RFID, by Application, Through 2027
Table 7 : Global Market for RFID, by Region, Through 2027
Table 8 : North American Market for RFID, by Country, Through 2027
Table 9 : North American Market for RFID, by Component, Through 2027
Table 10 : North American Market for RFID, by Frequency, Through 2027
Table 11 : North American Market for RFID, by Type, Through 2027
Table 12 : North American Market for RFID, by Application, Through 2027
Table 13 : European Market for RFID, by Country, Through 2027
Table 14 : European Market for RFID, by Component, Through 2027
Table 15 : European Market for RFID, by Frequency, Through 2027
Table 16 : European Market for RFID, by Type, Through 2027
Table 17 : European Market for RFID, by Application, Through 2027
Table 18 : Asia-Pacific Market for RFID, by Country, Through 2027
Table 19 : Asia-Pacific Market for RFID, by Component, Through 2027
Table 20 : Asia-Pacific Market for RFID, by Frequency, Through 2027
Table 21 : Asia-Pacific Market for RFID, by Type, Through 2027
Table 22 : Asia-Pacific Market for RFID, by Application, Through 2027
Table 23 : Latin American Market for RFID, by Country, Through 2027
Table 24 : Latin American Market for RFID, by Component, Through 2027
Table 25 : Latin American Market for RFID, by Frequency, Through 2027
Table 26 : Latin American Market for RFID, by Type, Through 2027
Table 27 : Latin American Market for RFID, by Application, Through 2027
Table 28 : Middle Eastern and African Market for RFID, by Component, Through 2027
Table 29 : Middle Eastern and African Market for RFID, by Frequency, Through 2027
Table 30 : Middle Eastern and African Market for RFID, by Type, Through 2027
Table 31 : Middle Eastern and African Market for RFID, by Application, Through 2027
Table 32 : Global RFID Market Vendor Landscape
Table 33 : Top Five Key Market Players of the Global RFID Market and Their Ranking in 2021
Table 34 : Global Strategic Scenario for RFID, by Market Players, 2019-2023
Table 35 : 3M: Financial Overview, 2019-2021
Table 36 : 3M: Product Benchmarking
Table 37 : 3M: Recent Developments, 2022-2023
Table 38 : ACTAtek (UK) Ltd.: Product Benchmarking
Table 39 : ams-OSRAM AG: Financial Overview, 2019-2021
Table 40 : ams-OSRAM AG: Product Benchmarking
Table 41 : Assa Abloy AB: Financial Overview, 2019-2021
Table 42 : Assa Abloy AB: Product Benchmarking
Table 43 : Assa Abloy AB: Recent Developments, 2021-2023
Table 44 : Avery Dennison Corp.: Financial Overview, 2019-2021
Table 45 : Avery Dennison Corp.: Product Benchmarking
Table 46 : Avery Dennison Corp.: Recent Developments, 2022-2023
Table 47 : Checkpoint Systems, Inc.: Product Benchmarking
Table 48 : Checkpoint Systems, Inc.: Recent Developments, 2019-2023
Table 49 : Datalogic S.p.A.: Financial Overview, 2019-2021
Table 50 : Datalogic S.p.A.: Product Benchmarking
Table 51 : eAgile Inc.: Product Benchmarking
Table 52 : GAO RFID Inc.: Product Benchmarking
Table 53 : Honeywell International Inc.: Financial Overview, 2019-2021
Table 54 : Honeywell International Inc.: Product Benchmarking
Table 55 : Identiv Inc.: Financial Overview, 2019-2021
Table 56 : Identiv Inc.: Product Benchmarking
Table 57 : Identiv Inc.: Recent Developments, 2019-2023
Table 58 : Impinj, Inc.: Financial Overview, 2019-2021
Table 59 : Impinj, Inc.: Product Benchmarking
Table 60 : Impinj, Inc.: Recent Developments, 2019-2022
Table 61 : NXP Semiconductors: Financial Overview, 2019-2021
Table 62 : NXP Semiconductors: Product Benchmarking
Table 63 : NXP Semiconductors: Recent Developments, 2019-2022
Table 64 : Texas Instruments, Inc.: Financial Overview, 2019-2021
Table 65 : Texas Instruments, Inc.: Product Benchmarking
Table 66 : TIBCO Software Inc.: Product Benchmarking
Table 67 : Zebra Technologies Corp.: Financial Overview, 2019-2021
Table 68 : Zebra Technologies Corp.: Product Benchmarking
Table 69 : Zebra Technologies Corp.: Recent Developments, 2022
List of Figures
Summary Figure : Global Market Shares of RFID, by Application, 2021
Figure 1 : Value Chain Analysis: Global RFID Market
Figure 2 : Strength, Weakness, Opportunity, and Threat (SWOT) Analysis: RFID Markets
Figure 3 : Porter's Five Forces Analysis of the Global RFID Market
Figure 4 : RFID Technology Roadmap
Figure 5 : Global RFID Market Dynamics
Figure 6 : Global Market Shares of RFID, by Component, 2021
Figure 7 : Global Market Shares of RFID, by Frequency, 2021
Figure 8 : Global Market Shares of RFID, by Type, 2021
Figure 9 : Global Market Shares of RFID, by Application, 2021
Figure 10 : Global Market Shares of RFID, by Region, 2021
Figure 11 : North American Market Shares of RFID, by Country, 2021
Figure 12 : North American Market Shares of RFID, by Component, 2021
Figure 13 : North American Market Shares of RFID, by Frequency, 2021
Figure 14 : North American Market Shares of RFID, by Type, 2021
Figure 15 : North American Market Shares of RFID, by Application, 2021
Figure 16 : European Market Shares of RFID, by Country, 2021
Figure 17 : European Market Shares of RFID, by Component, 2021
Figure 18 : European Market Shares of RFID, by Frequency, 2021
Figure 19 : European Market Shares of RFID, by Type, 2021
Figure 20 : European Market Shares of RFID, by Application, 2021
Figure 21 : Asia-Pacific Market Shares of RFID, by Country, 2021
Figure 22 : Asia-Pacific Market Shares of RFID, by Component, 2021
Figure 23 : Asia-Pacific Market Shares of RFID, by Frequency, 2021
Figure 24 : Asia-Pacific Market Shares of RFID, by Type, 2021
Figure 25 : Asia-Pacific Market Shares of RFID, by Application, 2021
Figure 26 : Latin American Market Shares of RFID, by Country, 2021
Figure 27 : Latin American Market Shares of RFID, by Component, 2021
Figure 28 : Latin American Market Shares of RFID, by Frequency, 2021
Figure 29 : Latin American Market Shares of RFID, by Type, 2021
Figure 30 : Latin American Market Shares of RFID, by Application, 2021
Figure 31 : Middle Eastern and African Market Shares of RFID, by Component, 2021
Figure 32 : Middle Eastern and African Market Shares of RFID, by Frequency, 2021
Figure 33 : Middle Eastern and African Market Shares of RFID, by Type, 2021
Figure 34 : Middle Eastern and African Market Shares of RFID, by Application, 2021
Figure 35 : RFID Based Patents and Patent Applications, by Year, 2019-2023
Figure 36 : Distribution Share of Global RFID Market Developments, by Strategy, 2019-2023
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Description
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