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RFID Tags Market Future Fortification A Guide to Market Size Strategies for Business Resilience | NXP Semiconductors N.V., CAEN RFID Srl, GAO RFID Inc

RFID Tags Market Future Fortification A Guide to Market Size Strategies for Business Resilience | NXP Semiconductors N.V., CAEN RFID Srl, GAO RFID Inc

Report Ocean is a comprehensive analysis of the “RFID Tags Market”  that includes both qualitative and quantitative data. The report covers various regions and provides insights into major industry changes, challenges faced by businesses and competitors, and potential new opportunities in the market. It also includes a SWOT analysis, Porter’s Five Forces model, and a value chain review to help readers understand the industry’s position in the market and the stakeholder positions.

The Global RFID Tags Market, valued at approximately USD 14.50 billion in 2022, anticipates a robust CAGR of more than 11.90% over the forecast period from 2023 to 2030. RFID (Radio-Frequency Identification) tags, also known as RFID transponders or RFID chips, are compact electronic devices leveraging radio waves for wireless data transmission. These devices, encapsulated in various forms such as cards, stickers, labels, or embedded directly into objects, consist of a microchip and an antenna.

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The microchip holds unique identification information and additional data, facilitating tasks such as product details or sensor readings. The antenna transmits and receives signals to communicate with RFID readers or scanners. The market is driven by the surging e-commerce sector, the growing integration of IoT technology, and the increasing adoption of RFID across various industries, presenting lucrative growth opportunities.

According to India Brand Equity Foundation (IBEF) in 2023, the projected USD 350 billion e-commerce market by 2030 is poised to significantly elevate the demand for RFID tags. In 2022 alone, the e-commerce industry is expected to experience a substantial growth rate of 21.5%, reaching a value of USD 74.8 billion. As the e-commerce sector thrives, RFID tags are anticipated to play a crucial role in enhancing operational efficiency and supply chain management. Additionally, Statista predicts a tripling of global Internet of Things (IoT) devices from 9.7 billion in 2020 to over 29 billion by 2030. China is expected to lead in IoT devices, reaching approximately 5 billion consumer devices by 2030. Despite this promising outlook, challenges such as data security and privacy concerns, along with the limited read range of RFID Tags, may pose hurdles to market growth during the forecasted period of 2023-2030.

Key Regions and Market Players:

The key regions considered in the Global RFID Tags Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America, spearheading the RFID market from 2022 to 2030, boasts a substantial share, attributed to key players like Apple Inc. and Intel Corporation making significant investments in portable devices solutions and digital display devices. The Asia Pacific region emerges as the fastest-growing market for RFID Tags, experiencing advancements in healthcare, retail, and manufacturing, coupled with the adoption of emerging technologies. Countries such as Japan, South Korea, China, India, Australia & New Zealand (ANZ), and ASEAN countries display a keen interest in RFID technology due to its affordability and long-term benefits.

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Major Market Players:

  • NXP Semiconductors N.V.
  • GAO RFID Inc.
  • Invengo Information Technology Co. Ltd.
  • Infotek Software and Systems Private Limited
  • Bartronics India Ltd.
  • Bartech Data Systems Private Limited
  • Bar Code India Limited
  • Securitag Assembly Group Co Ltd
  • Linxens India Private Limited

Recent Developments:

  • In March 2022, Avery Dennison Corporation acquired the linerless label technology developed by Catchpoint Ltd, a Yorkshire-based company in England. The acquisition includes Catchpoint’s patents, brand, trade secrets, and extensive knowledge, with Avery Dennison upholding existing commercial agreements.
  • In June 2021, Impinj, Inc. introduced three next-gen RAIN RFID reader chips – Impinj E710, E510, and E310. These high-performance, low-power chips empower IoT device makers to meet the growing demand for item connectivity in sectors such as retail, supply chain, and consumer electronics.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also provides detailed information about crucial aspects such as driving factors & challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro markets for stakeholders to invest in, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

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By Offering:

  • Tags
  • Reader
  • Software & Services

By Wafer Size:

  • 8 Inch
  • 12 Inch
  • Others

By Tag Type:

  • Passive
  • Active

By Frequency:

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

By Form Factor:

  • Card
  • Implant
  • Key Fob
  • Label
  • Paper Ticket
  • Band
  • Others

By Material:

  • Plastic
  • Paper
  • Glass
  • Others

By Application:

  • Agriculture
  • Commercial
  • Transportation
  • Healthcare
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • ROE
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • RoAPAC
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of Middle East & Africa

Global RFID Tags Market Report Scope:

  • Historical Data: 2020 – 2021
  • Base Year for Estimation: 2022
  • Forecast Period: 2023-2030
  • Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered: Offering, Wafer Size, Tag Type, Frequency, Form Factor, Material, Application, Region
  • Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

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Our market research reports provide invaluable insights for strategic decision-making. By analyzing industry trends, market dynamics, and emerging opportunities, businesses can make informed choices that align with their long-term goals and objectives.

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Key Questions Answered by the Report:

  • What are the driving factors for market growth?
  • What challenges and limitations does the market face?
  • What emerging opportunities exist in the market?
  • What potential threats and risks could impact the market?
  • What is the current market size and growth rate?
  • What are the market segments and their sizes?
  • Which regions are projected to experience the highest growth and market share?
  • What variables affect different geographical areas?
  • Who are the major players in the market and their rankings?
  • What recent partnerships, launches, expansions, or acquisitions have occurred among the companies profiled?
  • What are the comprehensive profiles of the top market players, including business overview, insights, product benchmarking, and SWOT analysis?
  • What is the present market outlook, considering recent changes and growth possibilities?
  • What are the drivers, obstacles, and restrictions in both developing and emerging regions?
  • How does the market analysis utilize Porter’s five forces analysis?
  • How does the Value Chain provide insights into market dynamics?

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