RFID for Industrial Applications Market was valued at USD 10.5 Billion in 2022 and is projected to reach USD 24.5 Billion by 2030, growing at a CAGR of 12.8% from 2024 to 2030.
The RFID for industrial applications market was valued at approximately USD 12.5 billion in 2022, reflecting a robust growth trajectory. The market is expected to witness a compound annual growth rate (CAGR) of around 10.8% from 2023 to 2030. This growth is driven by increasing demand for automation and efficiency in industrial processes, as well as the rising need for real-time tracking and management of assets across various sectors. The implementation of RFID technology enhances operational efficiencies, reduces errors, and lowers costs associated with inventory management and logistics. The burgeoning focus on digital transformation and Industry 4.0 initiatives further propels market expansion, making RFID solutions indispensable for modern industrial operations.
Opportunities within the RFID for industrial applications market are particularly pronounced in emerging economies where industrial infrastructure is rapidly developing. The adoption of RFID technology in sectors such as manufacturing, logistics, and supply chain management is growing due to its ability to streamline operations and enhance data accuracy. Additionally, advancements in RFID technology, such as the development of more compact and cost-effective tags and readers, are expected to open new avenues for market growth. The increased integration of RFID with IoT and AI technologies also presents significant opportunities for innovation and improved industrial performance. As industries continue to embrace these advancements, the RFID market is poised for substantial growth in the coming years.
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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. 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 RFID for Industrial Applications Market
Machining
Assembly
Production Tracking
Based on Types the Market is categorized into Below types that held the largest RFID for Industrial Applications market share In 2023.
Low Frequency (LF)
High Frequency (HF)
Ultra High Frequency (UHF)
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 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
Global
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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