DUBLIN--(BUSINESS WIRE)--The "Radio-frequency Identification (RFID) Tags Global Market Report 2022, By Tag Type, Material, Frequency, Application" report has been added to ResearchAndMarkets.com's offering.
“Radio-frequency Identification (RFID) Tags Global Market Report 2022, By Tag Type, Material, Frequency, Application”
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The global radio-frequency identification (RFID) tags market is expected to grow from $9.43 billion in 2021 to $10.31 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The market is expected to reach $14.69 billion in 2026 at a CAGR of 9.3%.
Major players in the radio-frequency identification (RFID) tags market are Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj Inc., Invengo Technology Pte. Ltd., ams AG, Atmel Corp, Alien Technology, Smartrac N.V., GAO RFID Inc., The Tag Factory and MOJIX.
The radio-frequency identification (RFID) tags market consists of sales of RFID tags by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves.
RFID tags are small devices with a chip and an antenna that may be used to wirelessly identify the objects they are attached to by using an RFID reader. RFID tags transmit their identification, track, and communicate information to adjacent readers through radio waves, and can store a variety of data ranging from a single serial number to multiple pages of information.
The main types of radio-frequency identification (RFID) tags are active RFID and passive RFID. The active RFID tags are battery-powered sensor tags that connect to various access points throughout an area (such as a building) and transfer data to the cloud. Active RFID is frequently used in real-time location tracking.
The different materials include plastic, paper, glass, others and operate in various frequencies such as low frequency, high frequency, ultra-high frequency. It is used in several applications including agriculture, retail and wholesale, healthcare, BFSI, transpiration and logistics, education, and others.
North America was the largest region in the radio-frequency identification (RFID) tags market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information.
RFID technology gives e-commerce organizations a better picture of the supply chain, allowing them to find what they need to fulfill a customer's request. Therefore, the rising e-commerce and online retail sales drive the growth of the RFID tags market.
RFID companies are increasingly implementing advanced technologies such as IoT and Big Data which is a growing trend in the market. With the help of IoT, RFID tags can connect objects into a network and make them create and send data. It assists in the real-time monitoring of tagged objects and the creation of a system of connected devices that broadcast information about their position, conditions, and quantities in real-time.
Key Topics Covered:
1. Executive Summary
2. Radio-frequency Identification (RFID) Tags Market Characteristics
3. Radio-frequency Identification (RFID) Tags Market Trends And Strategies
4. Impact Of COVID-19 On Radio-frequency Identification (RFID) Tags
5. Radio-frequency Identification (RFID) Tags Market Size And Growth
5.1. Global Radio-frequency Identification (RFID) Tags Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Radio-frequency Identification (RFID) Tags Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Radio-frequency Identification (RFID) Tags Market Segmentation
6.1. Global Radio-frequency Identification (RFID) Tags Market, Segmentation By Tag Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Radio-frequency Identification (RFID) Tags Market, Segmentation By Material, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Radio-frequency Identification (RFID) Tags Market, Segmentation By Frequency, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Radio-frequency Identification (RFID) Tags Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Radio-frequency Identification (RFID) Tags Market Regional And Country Analysis
7.1. Global Radio-frequency Identification (RFID) Tags Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Radio-frequency Identification (RFID) Tags Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/ejjwrv
