GITNUX MARKETDATA REPORT 2024
Radio Frequency Identification Industry Statistics
The global RFID industry is expected to grow at a steady rate, with forecasts suggesting increasing adoption in various sectors such as retail, healthcare, and transportation.
In this post, we explore the dynamic landscape of the Radio Frequency Identification (RFID) industry, uncovering key statistics and projections that shed light on the market’s growth and potential. From market size forecasts to sector-specific insights, these statistics provide a comprehensive overview of the evolving role of RFID technology across various sectors worldwide. Join us as we dive into the data-driven trends shaping the future of RFID.
Statistic 1
"By 2026, RFID Market size is expected to be over USD 50 billion."
Statistic 2
"The global RFID market is projected to grow at a compound annual growth rate (CAGR) of 10.5% from 2020 to 2027."
Statistic 3
"RFID in retail market would be valued at $8.89 billion by 2025."
Statistic 4
"China, in Asia Pacific, dominates the RFID tags segment with a market share of more than 30.0% in 2019."
Statistic 5
"The use of RFID technology in the automotive sector is projected to exhibit a CAGR exceeding 15% over 2020-2027."
Statistic 6
"The North American RFID market was valued at $3.37 billion in 2019."
Statistic 7
"Global railway RFID market is expected to reach $960 million by 2025."
Statistic 8
"The industrial sector application of RFID is expected to reach USD 35 billion by 2027."
Statistic 9
"The value of the active RFID system segment was at $3.75 billion in 2020."
Statistic 10
"In 2020, the APAC market held the largest share in the global RFID market."
Statistic 11
"The RFID technology's projected market size in asset tracking is to reach $4.91 billion by 2026."
Statistic 12
"The RFID market in logistics is forecasted to grow at a CAGR of 18.43% during 2021-2025."
Statistic 13
"As of 2020, Zebra Technologies dominated the global RFID market with a 40% share."
Statistic 14
"RFID market in manufacturing is expected to grow at a CAGR of 20.2% between 2020 to 2027."
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