Global Market Size of RFID Market – 10 Year Market Forecast


RFID Market Size Forecast 2022-2029

The global RFID market is expected to reach USD33.19 billion in 2022, with a CAGR of 7% to reach USD 54.41 billion by 2029. Growing market competitiveness, resulting in the availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increased installation of RFID systems in manufacturing units to improve productivity due to COVID-19 are all driving the growth of this market. Through the integration of specialised tools and the adoption of quality management practises, manufacturing facilities must monitor equipment condition and performance, process defects, and system failures, and ensure predictive maintenance of equipment and systems.

RFID Market Size of United States

RFID Market Analysis of United Kingdom

RFID Market Trends of Germany

RFID Market Forecast of France

RFID Market Growth of Italy

Market Size of RFID in Poland

Market Analysis of RFID in Switzerland

Market Trends of RFID in Sweden

Market Forecast of RFID in Spain

Market Growth of RFID Netherland

Belgium RFID Market

Finland RFID Market

Japan RFID Market

South Korea RFID Market

China RFID Market

RFID Market Size of Russia

RFID Market Analysis of Malaysia

RFID Market Trends of Singapore

RFID Market Forecast of India

RFID Market Growth of Brazil

Market segments - RFID Market

By Product
– Tags
– Reader

By Region
– North America
– Europe
– Middle East

Global Market size of RFID Market 2022 33.19
Global Market size of RFID Market 2029 54.41
Cumulative Market Size of the RFID Market 348
Global Market Growth of RFID Market (CAGR) 7%

Frequently Asked Questions(FAQ)

  • What is Global Market Database?

  • Global Market Database is a market research tool that is used by various industry leaders to study the changing market trends across 12 different industries.
  • What is the RFID market?

  • It refers to a wireless system comprised of two components: tags and readers.
  • What is RFID used for?

  • Radio Frequency to search, identify, track, and communicate with items and people.
  • How do RFID sensors work?

  • It uses electromagnetic fields to automatically identify and track tags attached to objects.
  • What is the CAGR of RIFD market?

  • 7% is the CAGR of the RIFD market.

Global Market Size of RFID Market – 10 Year Market Forecast

Release date
Jul 2022


Countries Covered
The countries covered are US, UK, Germany, France, Italy, Poland, Switzerland, Sweden, Spain, Netherlands, Belgium, Finland. Japan, South Korea, China, Russia, Malaysia, Singapore, India, Brazil.

Supplementary notes
The regions covered are North America, Europe, APAC & ROW.

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