Report Synopsis
The growth of the RFID market is predominantly driven by the rising need for efficient supply chain management in the developing economies of China, South East Asia & others in Asia, Middle East & Africa. In Logistics & Transportation and Healthcare & Medical sectors, the focus on RFID technology for the tracking and classification of travel & shipping and medical instruments is rising, and this is expected to drive the demand for the technology.

RFID Tags remain the largest product component within the RFID market, reaching a projected US$17 billion by 2024 from an estimated US$8.2 billion in 2018, during the 2018-2024 analysis period. Asia-Pacific region is anticipated the fastest growing market with a rapid CAGR of 16.3% over same period.

Research Findings & Coverage

  • The global report on RFID analyzes the global market with respect to components, frequencies and applications
  • RFID market size is estimated in this report by product component, frequency and application across all major countries
  • The rising need of efficient supply chain management in emerging nations drives the RFID market growth
  • Application of RFID Tags in Retail Sector to Take a Surge
  • Key business trends focusing on product innovations/developments, M&As, JVs and other recent industry developments
  • Major companies profiled – 47
  • The industry guide includes the contact details for 295 companies

Product Outline
The report analyzes the market for the following key product components of RFID:

  • Tags
  • Readers
  • Middleware & Software

The market for RFID studied in this report by frequency comprise the following:

  • Low Frequency
  • High Frequency
  • Ultra-High Frequency

The market for major applications of RFID explored in this report include the following:

  • Automotive
  • Financial Services
  • Healthcare & Medical
  • Logistics & Transportation
  • Agriculture
  • Farming & Livestock
  • Manufacturing
  • Retail
  • Other

Analysis Period, Units and Growth Rates

  • The report reviews, analyzes and projects the global RFID market for the period 2015-2024 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2018 through 2024

Geographic Coverage

  • North America (United States, Canada and Mexico)
  • Europe (Germany, the United Kingdom, France, Italy and Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea and Rest of Asia-Pacific)
  • South America (Brazil, Argentina and Rest of South America)
  • Rest of World