RFID Tags Market 2021 Key Trends Shows Rapid Growth by 2026

Posted by Fred Williams on April 20th, 2021

The global RFID tags market is anticipated to reach a value of US$ 29.4 Bn by 2030. The RFID tags market is projected to expand at a CAGR of ~10% from 2020 to 2030 in terms of revenue. The growth of the RFID tags market is due to increasing number of supply chain and retail companies, which, in turn, has triggered growth of the market globally. Over the forecast period, North America is anticipated to emerge as the leading RFID tags market, followed by Europe and Asia Pacific.

RFID Tags: Market Segmentation

The global RFID tags market has been segmented in terms of type, form factor, application, and region. Based on type, the market has been classified into active RFID tags and passive RFID tags. In terms of form factor, the label segment dominated the global RFID tags market in 2019. Based on application, the market has been divided into retail & wholesale, agriculture, healthcare/ medical, BFSI, transportation & logistics, education, and others (automotive and food & beverages).

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Fred Williams

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Fred Williams
Joined: May 7th, 2020
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