RFID Tags Market Research Report—Global Forecast till 2030

RFID Tags Market Research Report Information By Standard (ISO 14443, ISO 18000-3, ISO 18000-6, and ISO 15693), By Frequency (Low Frequency, High Frequency, and Ultra-High Frequency), By Application (Transportation, Agriculture, Logistics, Healthcare, Aerospace, and Retail), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Industry Size, Share and Forecast Till 2030

ID: MRFR/SEM/1476-CR | 137 Pages | Author: Ankit Gupta | April 2022         

RFID Tags Market Speak to Analyst Request a Free Sample

Global RFID Tags Market Overview:

RFID Tags Market Size was valued at USD 3.9 billion in 2022. The RFID Tags market industry is projected to grow from USD 4.4 Billion in 2023 to USD 9.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.6% during the forecast period (2023 - 2030). The global RFID or Radio-Frequency Identification tags market is quite competitive and in great demand, with several players worldwide actively pushing and supporting the market. Technological innovations have reached a significant milestone in their sector through research and development, contributing to the market drivers.Global RFID Tags Market OverviewSource: Secondary Research, Primary Research, MRFR Database and Analyst Review

RFID Tags Market Trends

  • Growing Government Activities for Utilization of ADIC to boost the market growth

Rapid economic growth and technological advancements have increased manufacturing productivity across industries. The manufacturing industry is using digitalization to generate consumer goods that are both affordable and of high quality. Governments worldwide are taking steps to promote automation and digitalization of several industrial sectors, including oil & gas, machine manufacturing, pharmaceuticals, automotive & transportation, and electrical & electronics.

To ensure predictive maintenance of equipment and systems, industrial facilities increasingly need to monitor equipment condition and performance, process flaws, and system breakdowns. They must integrate specialised tools and implement quality management methods to do this. Managing plant assets using RFID technology aids firms in achieving this objective. At many places in a production plant, such as cameras, boilers, conveyors, tanks, and pipes, a combination of RFID tags and sensor systems is the ideal solution to manage and maintain the quality and output of a manufacturing process. RFID tags are put on tools, production equipment, and process elements that go into a finished product to track mobile assets throughout the process. The market for RFID tags has recently seen several technological advancements, including chipless RFID and passive tags. These gadgets may be 3D printed on various materials, making them simple to produce and environmentally friendly. Moreover, chipless RFID technology is a good replacement for currently utilized barcodes because of its low manufacturing costs and non-line tag detection capabilities. Printing on various materials is extremely useful in a professional setting. Unlike barcodes, the manufacturer can label the RFID according to their specifications. Therefore, rising utilization is enhancing the RFID Tags market CAGR globally in recent years.

Moreover, the RFID tags feature an antenna and integrated circuit for sending data to the RFID reader. An RFID tag communicates with an RFID reader by sending back a signal that includes information. The information readers obtain from the RFID tags is also transmitted to a host computer system via a communications interface to be stored in a database and later examined, contributing to the RFID Tags market revenue.

RFID Tags Market Segment Insights:

RFID Tags Standard Insights

Based on standard, the RFID Tags Market segmentation includes ISO 14443, ISO 18000-3, ISO 18000-6, and ISO 15693. The ISO 15693 held the majority share in 2022, contributing to around ~55-57% of RFID Tags Market revenue. There are various HF RFID standards in place, such as the ISO 15693 standard for tracking items and the ECMA-340 and ISO/IEC 18092 standards for Near Field Communication (NFC), a short-range technology that is usually used for data exchange between devices. The NFC tag reader session delegate receives an object that conforms to the NFCISO15693Tag protocol when the NFC tag reader session detects an ISO 15693-compatible tag.

April 2021: To enhance operations and occupancy in the market, The Honeywell International and Micro Innovation Collaboration Centre announced the introduction of a new thermal screening and risk self-assessment procedure last year.

February 2021: With a validated strategy for multiple clouds that ranged from frequency to offering improved prospects in market acceptability, NXP Semiconductors N.V. made its debut.

RFID Tags Frequency Insights

Based on frequency, the RFID Tags Market segmentation includes low, high, and ultra-high frequency. The ultra-high frequency dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. UHF passive RFID tags have the greatest read range and reading speed among all passive RFID tag types. The frequency range of passive RFID tags is 860-960 MHz. UHF active tags' two main operational frequencies are 433 MHz and 2.45 GHz. The read range for these tags is around 150 meters, the largest read range of any tag. UHF passive tags may be read from about 5–6 meters, and bigger UHF passive tags can read from a distance of up to 30 meters under ideal circumstances, contributing to the market growth.

Figure 1: RFID Tags Market, by Frequency, 2022 & 2030 (USD billion)RFID Tags Market, by Frequency, 2022 & 2030Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

RFID Tags Application Insights

The RFID Tags Market data has been bifurcated by application into transportation, agriculture, logistics, healthcare, aerospace, and retail. The retail segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. To use RFID in retail, products must include RFID tags that transmit signals to RFID readers, which are then processed by software to provide real-time results for transactions, stock taking, inventory levels, or specific customer purchase order histories. Retail inventory processes are typically manual, time-consuming, and only carried out at set intervals. RFID streamlines these processes. One of the primary uses of RFID in retail is item tracking. RFID can be used in retail to track frequently moved and stolen things while preventing theft.

June 2022: The dual-frequency (DF) family of RFID inlays from Avery Dennison Corporation combines NFC (HF) and RAIN RFID (UHF) capability for affordable item-level tagging in a compact design. The new AD Slim DF EM4425 tag has capabilities for customer involvement and is intended for use in logistics, healthcare, and industrial applications. This will positively impact the global RFID Tags industry.

October 2020: Avery Dennison Smartrac developed an AD Minidose U9 RAIN RFID inlay for pharmaceutical applications, unlocking key RFID value for healthcare, pharmacies, and laboratory asset management. One of the smallest solutions on the market, AD Minidose U9, has been given use approval by the DoseID industry consortium and received ARC certification (Spec S) from the RFID Lab at Auburn University.

RFID Tags Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Asia Pacific RFID Tags market accounted for USD 1.8 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. The demand for RFID solutions in the region has been driven by the fast-expanding implementation and research activity in the automation field and a major expansion of industry 4.0. The expansion of these RFID technologies in manufacturing facilities to increase productivity has been a major contributor to the region's economy. The region's RFID industry is expanding due to the rising use of electronic identity cards and RFID tags embedded in smart cards.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: RFID Tags Market SHARE BY REGION 2022 (%)RFID Tags Market SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe RFID Tags market accounts for the second-largest market share due to increased uptake by food and beverage producers. The two sectors where RFID tags are most commonly used are manufacturing and retail. The region's Radio Frequency Identification (RFID) tag market has expanded due to rising government efforts, expanding investments by aerospace and aviation manufacturers, and a steady rise in demand for low-cost prototypes. Further, the Germany RFID Tags market held the largest market share, and the UK RFID Tags market was the fastest-growing market in the European region

The North America RFID Tags Market is expected to grow at the fastest CAGR from 2022 to 2030. RFID tags are increasingly used in various applications in the manufacturing, healthcare, transportation & logistics, supply chain, and retail sectors of the US market. RFID is widely used in real-time supply chain management to track assets. Moreover, China RFID Tags market held the largest market share, and the India RFID Tags market was the fastest-growing market in the Asia-Pacific region

For instance, India RFID Tags market is expected to grow with the fastest-growing CAGR during the forecast period. One of the effective technologies for managing products and materials in a manufacturing setting is RFID. The region's growing manufacturing sector and automation and Industrial Internet of Things (IIoT) technologies fueled the market's expansion. Over the projection period, government efforts like smart cities will combine with expanding contactless infrastructure demand and growing asset management investments by businesses across various industries to propel market expansion.

RFID Tags Key Market Players & Competitive Insights

Major market players invest heavily in their research and development departments to expand their product portfolios further. Additionally, market leaders are focused on integrating various market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Players in the RFID Tags industry are also focused on optimizing their supply chains by reducing operating costs.

Market leaders in the RFID Tags industry are also expected to expand on regional and local players by merging with accommodating players. The RFID Tags market major player such as NXP Semiconductors N.V. (Netherlands), Invengo Information Technology Co. Ltd (China), Honeywell International Inc (U.S.), HID Global Corporation (U.S.), Applied Wireless (U.S.) Inc and others are working on expanding the market demand by investing in research and development activities.

The Netherlands-based semiconductor manufacturer and designer NXP Semiconductors N.V. (NXP) is based in Eindhoven. The organization employs almost 31,000 employees in more than 30 nations. In 2021, NXP reported $11.06 billion in revenue. On August 6, 2010, NXP, first separated from Philips in 2006, completed its first public offering. Shares of NXP now trade on the NASDAQ under the ticker name NXPI. NXP Semiconductors was included in the NASDAQ 100 on December 23, 2013. [3] It was announced that NXP and Freescale Semiconductor would merge on March 2, 2015. On December 7, 2015, the transaction was finalized. It was disclosed on October 27, 2016, that Qualcomm would attempt to acquire NXP.

Omni-ID sells radio-frequency identification (RFID) tags with a passive UHF frequency. The company, formerly known as Omni-ID, Ltd., was established in 2007 and produces a variety of RFID tags that may be used on metal and in liquids, among other surfaces. The business is founded on a research division established under QinetiQ, a global provider of defense technology created when the former UK government organization Defence Evaluation and Research Agency (DERA) was disbanded in June 2001. For an "electromagnetic radiation decoupler," Omni-ID was awarded UK patent number GB2429878 on August 22, 2007.

Key Companies in the RFID Tags market include

  • NXP Semiconductors N.V. (Netherlands)

  • Invengo Information Technology Co. Ltd (China)

  • Honeywell International Inc (U.S.)

  • HID Global Corporation (U.S.)

  • Applied Wireless (U.S.) Inc

  • OMNI-ID (U.S.)


  • GAO RFID Inc (Canada)

  • Caen RFID S.R.L (Italy)

  • Alien Technology (U.S.), among others

RFID Tags Industry Developments

June 2020: Murata Manufacturing and Michelin developed a new generation of RFID modules integrated into tyres. Passive RFID tags can be driven incredibly long distances without needing an external power source and will still function continually.

September 2020: The Nedap iD Cloud Platform, an integrated set of SaaS solutions specially created for RFID technology, was introduced by Nedap NV. Nedap iD Cloud tracks every unique item's movement across the supply chain. It collects data in a cloud-based inventory repository to give merchants and brands optimal inventory visibility without waste or losses.

April 2021: The cloud-based service for fixed RFID systems from Zebra Technologies Corporation enables users to manage readers and send tag-read data to the cloud with reading modes. The introduction of cloud-based RFID solutions is anticipated to open up new chances for the company, given the ongoing digital revolution around the globe, which requires numerous facilities to adopt cloud-based solutions.

RFID Tags Market Segmentation:

RFID Tags Standard Outlook (USD Billion, 2019-2030)

  • ISO 14443

  • ISO 18000-3

  • ISO 18000-6

  • ISO 15693

RFID Tags Frequency Outlook (USD Billion, 2019-2030)

  • Low Frequency

  • High Frequency

  • Ultra-High Frequency

RFID Tags Application Outlook (USD Billion, 2019-2030)

  • Transportation

  • Agriculture

  • Logistics

  • Healthcare

  • Aerospace

  • Retail

RFID Tags Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Scope:

Report Attribute/Metric Details
Market Size 2022 USD 3.9 billion
Market Size 2023 USD 4.4 billion
Market Size 2030 USD 9.5 billion
Compound Annual Growth Rate (CAGR) 13.6% (2023-2030)
Base Year 2022
Market Forecast Period 2023-2030
Historical Data 2019 - 2021
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Standard, Frequency, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled NXP Semiconductors N.V. (Netherlands), Invengo Information Technology Co. Ltd (China), Honeywell International Inc (U.S.), HID Global Corporation (U.S.), Applied Wireless (U.S.) Inc, OMNI-ID (U.S.), CORERFID LTD (U.K.), GAO RFID Inc (Canada), Caen RFID S.R.L (Italy), and Alien Technology (U.S.),
Key Market Opportunities Rising Integration from the Retail Sector
Key Market Dynamics Increasing Inclination for Value-Added Services Rising Demand for Reduction in Mishandling Baggaes from the Aviation Sector

Frequently Asked Questions (FAQ) :

The RFID Tags Market size was valued at USD 3.9 Billion in 2022.

The global market is projected to grow at a CAGR of 13.6% during the forecast period 2022-2030.

Asia Pacific had the largest share in the global market

The key players in the market are NXP Semiconductors N.V. (Netherlands), Invengo Information Technology Co. Ltd (China), Honeywell International Inc (U.S.), HID Global Corporation (U.S.), and Applied Wireless (U.S.) Inc.

The ISO 15693 standard category dominated the market in 2022.

The ultra-high frequency invasive spine surgery had the largest share in the global market.

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Request Free Sample

Why Choose Market Research Future?

  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response