Prepared for Amanda K. | Delivered October 24, 2019
Passive RFID Tags
To identify what roles/jobs titles buyers of passive RFID tags/solutions fill, the audience for passive RFID solutions, and information on what the buyers journey looks like.
RFID Tags: Market Insights
The global RFID Tags market size was
in 2016. Growing at a CAGR of
from 2017 to 2024, the market size is projected to reach
Passive RFID tags segment generated the highest revenue share of
in 2016, growing at a CAGR of
"Among major regions, North America RFID tags market was the highest revenue generating market valued at
in 2016. It is would grow with a CAGR of
during the forecast period of 2017-2024."
Asia Pacific RFID Market is expected to witness the highest CAGR of
The RFID label market segment market size was
RFID Tags: Key Players
The key players of the global
RFID tag market
are "Zebra Technologies Corp., Omni-Id, Inc.,Impinj, inc., Smartrac N.V, Alien Technology, LLC, Confidex-OY, Honeywell International, Invengo Information Technology Co. Ltd.,Wavetrent, Ltd. and NXP Semiconductors Netherlands B.V."
In 2018, the total RFID market size was
, and is expected to reach
in 2022. "This includes tags, readers and software/services for RFID labels, cards, fobs and all other form factors, for both passive and active RFID."
tags will be sold in 2018 versus
in 2017. "Most of that growth is from passive UHF RFID (RAIN RFID) labels. However, in 2018 UHF (RAIN RFID) tag sales by value will only be
of the value of HF tag sales (including NFC), mainly because HF tags where used for security (such as payments, access etc) have a higher price point versus the cheaper, usually disposable UHF (RAIN) tags used for tagging things."
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