RFID for Industrial Applications Market Revenue was valued at USD 12.45 Billion in 2024 and is estimated to reach USD 28.56 Billion by 2033, growing at a CAGR of 9.85% from 2026 to 2033.
The global RFID for industrial applications market has been experiencing notable growth, driven by the increasing adoption of automation and Industry 4.0 technologies. In 2022, the market was valued at approximately $7.89 billion, with a compound annual growth rate (CAGR) of 11.7% projected from 2023 to 2030. Regionally, North America led the market, contributing over 40% of the global revenue in 2023, followed by Europe at approximately 30%, Asia Pacific at around 23%, Latin America at more than 5%, and the Middle East and Africa at about 2%. The Asia Pacific region is anticipated to witness the highest growth, with a projected CAGR of 21.0% from 2024 to 2031, fueled by rapid industrialization and technological adoption in countries like China and India. In North America, the United States remains a significant contributor, driven by the extensive use of RFID technology in manufacturing, logistics, and defense sectors. Europe also shows substantial growth, with Germany leading the adoption of RFID technology, particularly in the automotive and manufacturing sectors. These regional dynamics present numerous opportunities for market expansion, especially in emerging economies where industrial automation is becoming a priority.
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Honeywell
Zebra Technologies
Datalogic
Acreo Swedish ICT
Alien Technology
Avery Dennison
Checkpoint Systems
Cipher Lab
CoreRFID
Fieg Electronics
Global Ranger
GAO RFID
Impinj
InSync Software
Mojix
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. 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 RFID for Industrial Applications Market
Passive RFID
Active RFID
Battery-Assisted Passive (BAP) RFID
RFID Tags
RFID Readers
Software
Antennas
Inventory Management
Supply Chain Management
Asset Tracking
Work-in-Progress (WIP) Tracking
Access Control
Manufacturing
Retail
Healthcare
Logistics and Transportation
Pharmaceutical
Large Enterprises
Small and Medium Enterprises (SMEs)
Government Institutions
US (United States, US 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 RFID for Industrial Applications 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 RFID for Industrial Applications Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global RFID for Industrial Applications Market, By Type
6. Global RFID for Industrial Applications Market, By Application
7. Global RFID for Industrial Applications Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global RFID for Industrial Applications Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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