Global radio frequency identification (RFID) market is expected to reach $31.06 billion by 2026, representing a 2019-2026 CAGR of 10.3% with consideration of the COVID-19 impact.
Radio-frequency identification uses electromagnetic fields to automatically identify and track tags attached to objects. An RFID tag consists of a tiny radio transponder; a radio receiver and transmitter
Segmentation
Based on component, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
- RFID Tags
- RFID Readers
- Middleware
- Software
- Service
Based on product type, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
- Active RFID
- Passive RFID
- Other RFID Types
Based on application, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
- E-payments
- Identification and Security
- Asset Tracking
- Materials Handling and Logistics
- Military and Aerospace
- Other Applications
Based on industrial vertical, the global market is segmented into the following sub-markets with annual revenue for 2015-2026 included in each section.
- Financial Services
- Healthcare & Medical
- Logistics & Transportation
- Agriculture, Farming & Livestock
- Automotive & Manufacturing
- Retail & E-commerce
- Consumer Goods
- Other Verticals
Top Key Players in RFID market are Alien Technology Corporation, AMS AG, Atmel Corp, CipherLab Co., Ltd., Confidex Ltd,Datalogic S.p.A., GAO RFID, Inc., Honeywell International, Impinj, Inc., Invengo Technology Pte. Ltd., NXP Semiconductors, Omni-Id, Inc., RF Code, SMARTRAC N.V.
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