Radio-Frequency Identification (RFID) Market Scenario 2035

Report Details:

15 Companies Covered

200 Pages

Request Free Sample

Growing Demand for Automation and Inventory Management Solutions will Positively Impact the Global Radio Frequency Identification (RFID) Market at a CAGR of 13.20% during the Forecast Period 2025 to 2035

Market Research Future (MRFR) has published a cooked research report on the “Global Radio Frequency Identification (RFID) Market” that contains the information from 2025 to 2035. The RFID Market is estimated to register a CAGR of 13.20% during the forecast period of 2025 to 2035.

MRFR recognizes the following companies as the key players in the Global Radio Frequency Identification (RFID) Market — TAGEOS, Invengo Technology, Avery Dennison, NXP Semiconductors, PragmatIC Printing, Honeywell, Impinj, Alien Technology, RFID Global Solutions, Checkpoint Systems, Zebra Technologies, Cognex Corporation, SATO Holdings, Motorola Solutions, and Siemens.

Radio Frequency Identification (RFID) Market Highlights

The Global Radio Frequency Identification (RFID) Market is accounted for to register a CAGR of 13.20% during the forecast period and is estimated to reach USD 96.98 billion by 2035.

The market is growing because more and more businesses in retail, logistics, healthcare, and manufacturing are using RFID technology. The need for RFID-based systems has grown a lot because more people want automation, real-time tracking, and better supply chains. The technology makes it easier to manage inventory, lowers theft, and makes operations more efficient, which are all important factors that speed up its acceptance around the world.

The market is also growing because of improvements in IoT integration, longer read-range RFID tags, and eco-friendly RFID materials. These changes are in line with global efforts to make industrial operations smarter and greener. RFID, AI, and blockchain are also coming together to create new ways to manage data safely and make logistics more open.

Companies like NXP Semiconductors, Honeywell, and Zebra Technologies are coming out with new RFID-enabled devices and solutions that make it easier to manage assets and keep track of data. Honeywell's 2023 launch of RFID-enabled scanners for healthcare, for instance, has made it easier to keep track of assets and keep patients safe. In the same way, Zebra Technologies' purchase of Antuit.ai in 2021 made its AI-driven RFID retail solutions better, which made demand forecasting more accurate.

New uses in healthcare and smart logistics are also changing how the market works. More and more, RFID is being used to keep track of medical equipment, drugs, and patients to make sure they are safe and work well. More and more rules are being made to support traceability in industries like food and drugs, which is also helping it spread.

Segment Analysis

The Global Radio Frequency Identification (RFID) Market has been segmented based on Product Type, Vertical, Wafer Size, Frequency, Component, and Region.

The Product Type segment is bifurcated into Tags, Readers, and Software. Among these, the Tags segment is projected to dominate the market, valued at USD 5.25 billion in 2024 and expected to reach USD 10.15 billion by 2035, driven by increased use in inventory and logistics applications.

The Frequency segment is bifurcated into Low Frequency, High Frequency, Ultra-high Frequency, Active Ultra-High Frequency. The Ultra-high Frequency (UHF) segment is anticipated to lead due to its long read range and high data transfer rate, making it suitable for supply chain and logistics operations.

The Component segment is bifurcated into Passive RFID, Active RFID, Other. The Passive RFID segment dominates due to its cost-effectiveness, while Active RFID is witnessing growth in asset-intensive sectors requiring continuous tracking.

The Vertical segment is bifurcated into Transportation, BFSI, Animal Tracking, Agriculture, Commercial, Retail, Government, Healthcare, Logistic Aerospace, and Others. The Retail sector holds the largest share owing to high adoption for inventory accuracy and theft reduction. The healthcare, Transportation, and Agriculture sectors are also key contributors.

The Wafer Size Segment is bifurcated into 200mm, 300mm, 450mm, and Others. The 200mm is projected to dominate the market.

Region Analysis

By Region, the RFID Market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. North America holds the largest market share, valued at USD 5.5 billion in 2024, and is projected to reach USD 11.2 billion by 2035, driven by high technological adoption and robust infrastructure.

Key Findings of the Study

The Global Radio Frequency Identification (RFID) Market is expected to reach USD 96.98 billion by 2035, at a CAGR of 13.20% during the forecast period.

North America accounted for the largest market share, while Asia Pacific is the fastest-growing region.

Based on Product Type, the Tags segment dominated the market in 2024.

Based on Vertical, the Retail segment held the largest share in 2024.

TAGEOS, Invengo Technology, Avery Dennison, NXP Semiconductors, PragmatIC Printing, Honeywell, Impinj, Alien Technology, RFID Global Solutions, Checkpoint Systems, Zebra Technologies, Cognex Corporation, SATO Holdings, Motorola Solutions, and Siemens are the key market players.