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Vehicle RFID Tags Market Share

Report ID: GMI7786
Published Date: Jan 2024
Report Format: PDF

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Vehicle RFID Tags Market Share

NXP Semiconductors holds the around 5% of the total market share, due to their advanced technology, robust product offerings, and established industry partnerships. Their high-performance RFID solutions cater to the evolving needs of automotive applications, securing a competitive edge. The vehicle RFID tags industry features intense competition among key players, driving continuous innovation and technological advancements. Companies focus on strategic collaborations and partnerships to expand their market presence & cater to diverse industry demands.

Vehicle RFID Tags Market Companies

Major companies operating in the vehicle RFID tags industry are:

Alien Technology, LLC.
Confidex
HARTING Technology Group
HID Global Corporation
Impinj, Inc.
NXP Semiconductors
Zebra Technologies Corp.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of vehicle RFID tags reached USD 802.6 million in 2023 and is set to exhibit over 8% CAGR from 2024 to 2032, led by the increasing need for electronic tolling solutions.

The tags segment held major share of the industry in 2023, owing to the technological advancements and ongoing innovations in RFID technology, including improved tag performance, enhanced durability, and increased cost-effectiveness.

Asia Pacific market held more than 35% revenue share in 2023, due to the increasing government initiatives for promoting the integration of RFID technology into transportation infrastructure.

Some of the leading companies engaged in the industry includes Alien Technology, LLC., HARTING Technology Group, Confidex, HID Global Corporation, Impinj, Inc., Zebra Technologies Corp., and NXP Semiconductors.