Market Research Logo

Radio Frequency Identification Market: Revenue to Grow at a CAGR of 14.5% During 2018–2028, Driven by Integrating RFID Technology with IoT and Big Data Platforms for Real-time Data Access

Radio Frequency Identification Market: Revenue to Grow at a CAGR of 14.5% During 2018–2028, Driven by Integrating RFID Technology with IoT and Big Data Platforms for Real-time Data Access

The global RFID market is expected to register a CAGR of 14.5% during 2018 – 2028 with SEA and Others of APAC, Western Europe and North America accounting for significant market value shares by the end of the forecast period.

FMI delivers key insights on the global RFID market in its report titled “RFID market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028.” Growth in the value of the global RFID market is estimated to remain attractive as the market is expected to grow continuously at a CAGR of 14.5% in terms of value during the forecast period 2018 – 2028. On the basis of components, the RFID software and middleware segment is expected to register attractive growth over the forecast period. Based on application, the agriculture segment is estimated to gain high penetration in terms of market share during the forecast period.

The annual revenue of the global RFID market was US$ 12,912.0 Mn by the end of 2017, which is expected to grow at a steady pace over the coming years. The dominating regions, i.e., North America, SEA & Others of APAC and Western Europe, are expected to collectively account for a majority share in the global RFID market. These regions are likely to dominate the global market over the forecast period.

Over a decade ago, RFID technology was used by large enterprises. With improvements in technology and economical cost, this technology has been adopted by small and medium enterprises. RFID technology is widely used by all tier companies to streamline operations and enhance the visibility of their supply chain and logistics operations. The usage of RFID technology in automated item identification systems is gaining importance in the retail sector.

The increasing need for RFID tags across the globe is driven by robust opportunities in the healthcare sector. In the healthcare sector, an increasing focus on RFID technology for the tracking and classification of medical instruments has been driving the demand for RFID tags worldwide. This technology holds immense potential for improving supply chain efficiency and ensuring patient safety while reducing human errors in healthcare processes at the same time. Healthcare management and monitoring of critical care equipment represent other interesting areas of application for the RFID market. The automotive and aerospace industry is adopting the RFID technology especially for the tracking of vehicles, inventory management of spare parts and visibility in logistics operations. Also, vendor management has become smoother with use of RFID technology since it provides detailed performance metrics.

On the basis of FMI analysis, the RFID tags in the component segment are expected to dominate the market due to the high penetration of advanced technologies such as RAIN RFID tag in various industry verticals. The High Frequency (HF) sub-segment in the RFID tags segment is estimated to remain dominant in terms of market share during the forecast period. On the basis of applications, the agriculture segment will be a dominating segment due to the wide adoption of RFID technology for the tagging of animals through which the farmers can easily trace them and improve supply chain efficiency.

The North America RFID market is expected to dominate the global RFID market due to the large automotive tires market in the country. The market has huge potential in China owing to major technological advancements in the healthcare, retail and consumer goods markets. The SEA and Others of APAC RFID market will be a target market for market participants looking to penetrate the retail and consumer goods segment. Latin America is estimated to grow with an above-average CAGR over the forecast period. Brazil is expected to hold a major revenue share in the Latin America RFID market over the forecast period.

According to FMI analysis, long-term contracts with business partners are estimated to help increase revenue and new innovation strategies are likely to enable RFID vendors to reach new growth markets. Some of the market participants in the global RFID market report include Zebra Technologies Corporation; HID Global Corporation; Thin Film Electronics ASA; Invengo Information Technology Co., Ltd.; GAO RFID Inc.; Impinj, Inc.; Xerox Corporation; Omni-ID; Alien Technology, LLC and Molex, LLC.


1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain analysis
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.5. Opportunity Analysis
4. Market Forecast
4.1. Market Size and Y-o-Y Growth and
4.2. Introduction and Absolute $ Opportunity
5. Global RFID Market Analysis By Component
5.1. Introduction
5.1.1. Market Value Share Analysis By Component
5.1.2. Y-o-Y Growth Analysis By Component
5.2. Historical Market Size (US$ Mn) Analysis 2013-2017 By Component
5.3. Current Market Size (US$ Mn) and Forecast 2018-2028 By Component
5.3.1. RFID Tags
5.3.1.1. Low Frequency (LF)
5.3.1.2. High Frequency (HF)
5.3.1.3. Ultra-High Frequency (UHF)
5.3.1.4. Microwave Frequency
5.3.1.5. Ultra Wideband (UWB)
5.3.2. RFID Readers
5.3.3. RFID Software and Middleware
5.4. Market Attractiveness Analysis By Component
6. Global RFID Market Analysis By Application
6.1. Introduction
6.1.1. Market Value Share Analysis By Application
6.1.2. Y-o-Y Growth Analysis By Application
6.2. Historical Market Size (US$ Mn) Analysis 2013-2017 By Application
6.3. Current Market Size (US$ Mn) and Forecast 2018-2028 By Application
6.3.1. Logistics and Transportation
6.3.2. Aerospace and Defense
6.3.3. Automotive
6.3.4. Retail and Consumer Goods
6.3.5. Agriculture
6.3.6. Healthcare
6.3.7. Government
6.3.8. Others
6.4. Market Attractiveness Analysis By Application
7. Global RFID Market Analysis By Region
7.1. Introduction
7.1.1. Market Value Share Analysis By Region
7.1.2. Y-o-Y Growth Analysis By Region
7.2. Historical Market Size (US$ Mn) Analysis 2013-2017 By Region
7.3. Current Market Size (US$ Mn) and Forecast 2018-2028 By Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South East Asia and Others of Asia Pacific
7.3.6. China
7.3.7. Japan
7.3.8. Middle East & Africa (MEA)
7.4. Market Attractiveness Analysis By Region
8. North America RFID Market Analysis
8.1. Introduction
8.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
8.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018–2028
8.3.1. By Country
8.3.1.1. U.S.
8.3.1.2. Canada
8.3.2. By Component
8.3.3. By Application
8.4. Market Attractiveness Analysis
8.4.1. By Country
8.4.2. By Component
8.4.3. By Application
8.5. Market Trends
8.6. Key Market Participants – Intensity Mapping
8.7. Drivers and Restraints – Impact Analysis
9. Latin America RFID Market Analysis
9.1. Introduction
9.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
9.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018–2028
9.3.1. By Country
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. By Component
9.3.3. By Application
9.4. Market Attractiveness Analysis
9.4.1. By Country
9.4.2. By Component
9.4.3. By Application
9.5. Market Trends
9.6. Key Market Participants – Intensity Mapping
9.7. Drivers and Restraints – Impact Analysis
10. Western Europe RFID Market Analysis
10.1. Introduction
10.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
10.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
10.3.1. By Country
10.3.1.1. Germany
10.3.1.2. Italy
10.3.1.3. France
10.3.1.4. U.K.
10.3.1.5. Spain
10.3.1.6. BENELUX
10.3.1.7. Rest of Western Europe
10.3.2. By Component
10.3.3. By Application
10.4. Market Attractiveness Analysis
10.4.1. By Country
10.4.2. By Component
10.4.3. By Application
10.5. Market Trends
10.6. Key Market Participants – Intensity Mapping
10.7. Drivers and Restraints – Impact Analysis
11. Eastern Europe RFID Market Analysis
11.1. Introduction
11.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
11.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
11.3.1. By Country
11.3.1.1. Russia
11.3.1.2. Poland
11.3.1.3. Rest of Eastern Europe
11.3.2. By Component
11.3.3. By Application
11.4. Market Attractiveness Analysis
11.4.1. By Country
11.4.2. By Component
11.4.3. By Application
11.5. Market Trends
11.6. Key Market Participants – Intensity Mapping
11.7. Drivers and Restraints – Impact Analysis
12. SEA and Others of APAC RFID Market Analysis
12.1. Introduction
12.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
12.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
12.3.1. By Country
12.3.1.1. India
12.3.1.2. ASEAN
12.3.1.3. Australia and New Zealand
12.3.1.4. Rest of SEA and Others of APAC
12.3.2. By Component
12.3.3. By Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Component
12.4.3. By Application
12.5. Market Trends
12.6. Key Market Participants – Intensity Mapping
12.7. Drivers and Restraints – Impact Analysis
13. China RFID Market Analysis
13.1. Introduction
13.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
13.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
13.3.1. By Component
13.3.2. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Component
13.4.2. By Application
13.5. Market Trends
13.6. Key Market Participants – Intensity Mapping
13.7. Drivers and Restraints – Impact Analysis
14. Japan RFID Market Analysis
14.1. Introduction
14.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
14.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
14.3.1. By Component
14.3.2. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Component
14.4.2. By Application
14.5. Market Trends
14.6. Key Market Participants – Intensity Mapping
14.7. Drivers and Restraints – Impact Analysis
15. Middle East and Africa RFID Market Analysis
15.1. Introduction
15.2. Historical Market Size (US$ Mn) Analysis By Market Segments 2013-2017
15.3. Market Size (US$ Mn) and Forecast By Market Segments, 2018-2028
15.3.1. By Country
15.3.1.1. GCC Countries
15.3.1.2. Northern Africa
15.3.1.3. South Africa
15.3.1.4. Turkey
15.3.1.5. Rest of Middle East and Africa
15.3.2. By Component
15.3.3. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Component
15.4.3. By Application
15.5. Market Trends
15.6. Key Market Participants – Intensity Mapping
15.7. Drivers and Restraints – Impact Analysis
16. Market Structure Analysis
16.1. Market Analysis by Tier of Companies
16.1.1. By Large, Medium and Small
16.2. Market Concentration
16.3. Market Share Analysis of Top Players
16.4. Market Presence Analysis
16.4.1. Regional footprint of Players
16.4.2. Product foot print by Players
17. Competition Analysis
17.1. Competition Dashboard
17.2. Competition Developments
17.3. Competition Deep Dive
17.3.1. Zebra Technologies Corporation
17.3.1.1. Overview
17.3.1.2. Product Portfolio
17.3.1.3. Sales Footprint
17.3.1.4. Competition Benchmarking
17.3.1.5. Strategy
17.3.1.5.1. Marketing Strategy
17.3.1.5.2. Product Strategy
17.3.1.5.3. Channel Strategy
17.3.2. Invengo Information Technology Co., Ltd.
17.3.3. Xerox Corporation
17.3.4. Thin Film Electronics ASA
17.3.5. HID Global Corporation
17.3.6. GAO RFID Inc.
17.3.7. Impinj, Inc.
17.3.8. Alien Technology
17.3.9. Omni-ID, Ltd.
17.3.10. Molex Inc.
18. Research Methodology

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report