Radio-Frequency Identification (RFID) Market is predicted to reach USD 40.71 billion at a CAGR of 13.20% during the forecast period:

Market Research Future (MRFR) has published a Half Cooked research report on the “Global Radio Frequency Identification Market, (RFID) Market”.

MRFR recognizes the following companies as the key players in the global Radio-Frequency Identification (RFID) Market  — NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US).

Radio-Frequency Identification (RFID) Market Highlights

The global Radio-Frequency Identification (RFID) Market is accounted to register a CAGR of 13.20% during the forecast period and is estimated to reach USD 40.71 billion by 2032

The global Radio-Frequency Identification (RFID) market is a rapidly growing industry that involves the use of wireless technology to track and identify objects or individuals using tags and readers. RFID technology uses radio waves to communicate between the tags, which are attached to the objects, and the readers, which capture the information encoded on the tags.

Segment Analysis

The global Radio-Frequency Identification (RFID) Market has been segmented based Product Type, Vertical, and Wafer Size.

The Radio-Frequency Identification (RFID) Market segmentation is based on tags, readers, and software. The tags segment held the majority share in 2021, contributing to around ~45-48% of the Radio-Frequency Identification (RFID) Market revenue. This segment is also anticipated to be the fastest-growing in the market. This is primarily owing to the rising use of tags in various industrial verticals. The growing installation of tags owing to the easy trackability of these tags is also propelling the market growth.

The Radio-Frequency Identification (RFID) Market segmentation, based on vertical, includes transportation, BFSI, animal tracking/agriculture, commercial, retail, government, healthcare, logistic aerospace, and security control & defense. The retail segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2024-2032. This is due to the increasing RFID adoption by a number of businesses as a method to manage inventories. RFID technology is in high demand in retail for tracking various products. RFID tags facilitate a more efficient workflow in retail stores by allowing the items to be tracked against specific shipments. Such a growing rate of radio-frequency identification (RFID) positively impacts market growth.

The Radio-Frequency Identification (RFID) Market data has been bifurcated by wafer size into 200mm, 300mm, 450mm, and Others. The 200mm segment dominated the market in 2021. The growing product launches and the rising adoption of RFID in various industries are propelling market growth.

Regional Analysis

The global Radio-Frequency Identification (RFID) Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America Radio-Frequency Identification (RFID) market accounted for USD 6.5 billion in 2021 and is expected to exhibit a substantial CAGR growth during the forecast period. This is attributed to the rising demand for storage and tracker solutions, and several companies have adopted RFID across the region. Further, the major countries studied in the market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe Radio-Frequency Identification (RFID) market accounts for the second-largest market share due to the extensive use of RFID technology, increasing adoption of automation, and increasing demand for RFID tags in the aviation sector. Further, the Germany Radio-Frequency Identification (RFID) market held the largest market share, and the UK Radio-Frequency Identification (RFID) market was the fastest-growing market in the European region.

The Asia-Pacific Radio-Frequency Identification (RFID) Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to expanding retail sector and increasing adoption of automation and IoT in the retail sector. Moreover, China Radio-Frequency Identification (RFID) market held the largest market share, and the India Radio-Frequency Identification (RFID) market was the fastest-growing market in the Asia-Pacific region.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Radio-Frequency Identification (RFID) Market Research Report

Key Findings of the Study

• The global Radio-Frequency Identification (RFID) Market is expected to reach USD 40.71 billion by 2032 at a CAGR of 13.20% during the forecast period.


• The Asia-Pacific Radio-Frequency Identification (RFID) Market is expected to grow at the fastest CAGR from 2022 to 2032. This is due to expanding retail sector and increasing adoption of automation and IoT in the retail sector.


• The Radio-Frequency Identification (RFID) Market segmentation, based on vertical, includes transportation, BFSI, animal tracking/agriculture, commercial, retail, government, healthcare, logistic aerospace, and security control & defense.


• NXP Semiconductors N.V (Netherlands), Alien Technology (US), 3M Company (U.S), ACTAtek Technology (U.S), Axcess International Inc. (U.S), Impinj Inc. (US), Ascendent ID (U.S), Checkpointt System Inc. (U.S), and Avery Dennison Corporations (US).