Radio Frequency Identification (RFID) Technology in Retail Market was valued at USD 10.2 Billion in 2022 and is projected to reach USD 20.5 Billion by 2030, growing at a CAGR of 9.2% from 2024 to 2030.
The Radio Frequency Identification (RFID) technology in the retail sector experienced significant growth in 2022, with the market size reaching approximately USD 9.4 billion. This growth reflects a compound annual growth rate (CAGR) of around 14.2% from 2021. The increasing adoption of RFID technology by retailers is driven by its benefits in inventory management, asset tracking, and enhancing the overall shopping experience. The market expansion is also fueled by the growing need for operational efficiency and improved supply chain visibility.
Opportunities in the RFID technology market are considerable as retailers seek to implement advanced solutions to streamline their operations. Emerging markets, particularly in Asia-Pacific and Latin America, present substantial growth potential due to rising retail activities and technology adoption. The focus on integrating RFID with other technologies such as IoT and artificial intelligence is expected to open new avenues for market development and innovation. These trends indicate a robust and evolving landscape for RFID technology in the retail sector, offering promising prospects for stakeholders.
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Alien Technology
Avery Dimensions
AWID
Checkpoint Systems
Cipher Lab
Datalogic
Fieg Electronics
Global Rangers
Honeywell
Impinj
JADAK (ThingMagic)
Mojix
Nedap
RFID4U
SML Intelligent Inventory Solutions
Software AG
Smartrac
TSL
TIBCO
Tellago
Zebra Technologies
Unitech
Convergence Systems Limited (CSL)
Chinareader
Invengo Technology
Sense Technology
Chafon group
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Radio Frequency Identification (RFID) Technology in Retail Market
Store Level Inventory Process Improvements
Store Operations
Analyze in-store Traffic Patterns
Others
Based on Types the Market is categorized into Below types that held the largest Radio Frequency Identification (RFID) Technology in Retail market share In 2023.
Active RFID Tag System
Passive RFID Tag System
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Radio Frequency Identification (RFID) Technology in Retail Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Radio Frequency Identification (RFID) Technology in Retail Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Radio Frequency Identification (RFID) Technology in Retail Market, By Type
6. Global Radio Frequency Identification (RFID) Technology in Retail Market, By Application
7. Global Radio Frequency Identification (RFID) Technology in Retail Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Radio Frequency Identification (RFID) Technology in Retail Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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