Global Radio Frequency Identification (RFID) Market 2023-2027

Global Radio Frequency Identification (RFID) Market 2023-2027

Technavio has been monitoring the radio frequency identification (RFID) market and is forecast to grow by $10456.94 mn during 2022-2027, accelerating at a CAGR of 10.9% during the forecast period. Our report on the radio frequency identification (RFID) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by adoption of inventory management systems, adoption of RFID solutions in cloud middleware, and increase in adoption of RFID in e-commerce market.

Technavio's radio frequency identification (RFID) market is segmented as below:

By End-userIndustrialRetailBFSILogisticsHealthcare and othersBy ProductRFID tagsMiddlewarePassive RFID systemsActive RFID systemsBy GeographicalNorth AmericaAPACEuropeSouth AmericaMiddle East and AfricaThis study identifies the growing interest in smart retail stores as one of the prime reasons driving the radio frequency identification (RFID) market growth during the next few years. Also, increase in adoption of data center asset management and growing investment in smart factories will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the radio frequency identification (RFID) market covers the following areas:Radio frequency identification (RFID) market sizingRadio frequency identification (RFID) market forecastRadio frequency identification (RFID) market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading radio frequency identification (RFID) market vendors that include Alien Technology LLC, Avery Dennison Corp., CipherLab Co. Ltd., CoreRFID Ltd., Datalogic Spa, eAgile Inc., FEIG ELECTRONIC GmbH, Fujitsu Ltd., GAO RFID Inc., Honeywell International Inc., Impinj Inc., Mojix Inc., Nedap NV, NXP Semiconductors NV, RFID4U, SATO Holdings Corp., Siemens AG, Unitech Computer Co. Ltd., Zebra Technologies Corp., and ASSA ABLOY AB. Also, the radio frequency identification (RFID) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.