U.S. RFID Tags Market

Radio-frequency identification (RFID) is a type of wireless communication technology that uses radio waves to track identification of objects, animals, vehicles, people, and other materials. An RFID tag is composed of a tiny radio transponder, transmitter, and a radio receiver. When the tag is triggered by electromagnetic pulses from RFID reader, the tag transfers digital data back to the reader. RFID tags are classified into two types on the basis of the source of power i.e. active RFID and passive RFID. Active RFID uses battery power to transfer signals to reader and passive tags do not possess inbuilt power source and function on power from an RFID reader. RFID tags function on a designated range of frequencies such as Low Frequency, High Frequency (HF), Ultra High Frequency and microwave. Moreover, RFID tags offer benefits such as increased operational efficiency, minimize pressure on manual process, deceased cost and increased reliability are some factor increased the demand of U.S. RFID tags market.

In 2021, U.S. RFID Tags market is estimated to reach US$ 745.33 Million in terms of value.

Market Dynamics

Growing adoption of RFID technology in aerospace and health sectors are the factors driving the growth of U.S. RFID Tags market during the forecast period. Most of the companies such as Airbus, Boeings and US Department of Defense are adopting RFID technologies which increases the demand of this market. RFID tags are used for enhancing supply chain visibility, tracking, maintenance, asset management and utilization, work in progress and many other manufacturing processes. Moreover, the automation in healthcare industry has increased the efficiency, minimizes the cost and provides more reliable & accurate data. RFID tags are used to track medical records of a patient in the healthcare industry, while they are used in tool booths in the transportation industry. Moreover, RFID has been used in retail and warehouse sectors for material identification management. Thus, growing adoption of RFID tags in end-use industries is expected to boost the U.S. RFID tags market growth over the forecast period.

Adoption of RFID technology in retail sector is the factor also driving growth of the U.S. RFID tags market during the forecast period. The retail sector is increasingly adopting RIFD technology due to enterprises wanting to achieve greater visibility and speed into their supply chains. Moreover, the sector is focused on store effectiveness and operational efficiency. An effective supply chain ensures that the goods are delivered at the scheduled time and designated place. RIFD offers various advantages including reduced labor costs, low inventory maintenance, and increased sales. Thus, these factors are expected to drive growth of the U.S. RFID tags market during the forecast period.

Key features of the study:

• This report provides an in-depth analysis of U.S. RFID tags market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022 to 2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading  market players
• It profiles leading players in the U.S. RFID tags market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
• Key companies covered as a part of this study includes RF Code Inc., HID The U.S. Corporation, AMS AG, Omni- ID Ltd., Impinj Inc., NXP Semiconductors N.V., Alien Technology, Invengo Information Technology Co., Ltd., and Confidex Ltd., Avery Dennison Corporation.
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
• The U.S. RFID tags market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. RFID tags market

Detailed Segmentation

• U.S. RFID Tags Market, By Type:
  • Active RFID
  • Passive RFID
• U.S. RFID Tags Market, By Product Type:
  • Healthcare tags
  • Commercial tags
  • Correctional tags
  • Others
• U.S. RFID Tags Market, By End-use Industry
  • Healthcare
  • Retail
  • Automotive
  • Logistics and Transportation
  • Surveillance and Security
  • Others (Sports, Wildlife, Livestock, and IT)
• Company Profiles
  • RF Code Inc. *
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • HID The U.S. Corporation
  • AMS AG
  • Omni- ID Ltd.
  • Impinj Inc.
  • NXP Semiconductors N.V.
  • Alien Technology
  • Invengo Information Technology Co., Ltd.
  • Confidex Ltd
  • Avery Dennison Corporation

 “*” marked represents similar segmentation in other categories in the respective section.