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RFID Market Share

Report ID: GMI8068
Published Date: Feb 2024
Report Format: PDF

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RFID Market Share

3M provides RFID solutions and technologies, including RFID tags and systems. The company is recognized for its diverse range of products and services across various industries, and its RFID offerings cater to applications such as asset tracking, inventory management, and supply chain optimization.

Key players focus on integrating sensors, increased memory, and new cloud-based capabilities to enhance their product offerings. In addition, they are investing heavily to integrate these technological advancements, which is anticipated to harness the innovation and growth of the market. Many companies are also engaging in mergers & acquisitions, strategic partnerships, regional expansions, and product launches to strengthen their market position.

RFID Market Companies

Major players operating in the RFID industry are:

3M Company
Alien Technology
Avery Dennison Corporation
CAEN RFID
Checkpoint Systems
Datalogic S.p.A.
HID Global Corporation
Impinj, Inc.
Invengo Technology Pte. Ltd.
Mojix, Inc.
NXP Semiconductors
Smartrac N.V.
STMicroelectronics
Sato Holdings Corporation
Zebra Technologies Corporation

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

RFID market size crossed USD 15 billion in 2023 and is expected to register over 12% CAGR from 2024-2032 owing to the increasing demand for improved supply chain visibility and efficiency worldwide.

The retail segment in RFID industry is expected to register over 12.2% CAGR from 2024-2032 due to their ability to ease the typical retail inventory process, which is manual, time-consuming, and only performed at predetermined intervals.

Asia Pacific held over 30% share of the RFID industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to increased adoption across diverse industries, and the burgeoning e-commerce industry in the region.

3M Company, Alien Technology, Avery Dennison Corporation, CAEN RFID, Checkpoint Systems, Datalogic S.p.A., HID Global Corporation, Impinj, Inc., Invengo Technology Pte. Ltd., Mojix, Inc., NXP Semiconductors, and Smartrac N.V. are some of the major RFID companies worldwide.