IoT RFID Labels Market Key Highlights:
- Market Size (2024): USD 13.59 Billion
- Projected Market Size (2034): USD 32.77 Billion
- CAGR (2023-2034): 9.2%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
IoT RFID Labels Market Definition
The IoT RFID labels market deals in the developing and distribution of internet-enabled RFID labels across the world. RFID labels are small devices that use radio waves to transmit and store information. These devices are also known as Smart Tags. The components of these labels consist of chips, antenna, and bonding wires. The various types of RFID labels that are available in the market consist of active RFID labels and passive RFID labels. These labels are used for several purposes, including tracking livestock, clothing hang tags, inventory management, and others. This market is likely to rise significantly with the growth of the IT and telecom industry across the world.
The rising interest of the retail sector in RFID technology, along with technological advancements in the IT sector, has boosted the market growth. Also, the growing application of IoT RFID labels in inventory management, supply chain management, asset tracking, object tracking, object identification, and others is positively impacting industrial expansion. Moreover, the increased usage of these labels in several industries, such as agriculture, BFSI, education, healthcare/medical, transportation, and some others, is expected to drive the growth of the IoT RFID labels market.
Advancements in cloud-based data management along with ongoing developments associated with chipless labels is expected to create ample growth opportunities for the market players in the future. In July 2023, Impinj launched RAIN RFID tag chips. These chips provide advanced features, improved tag readability, and some others.
IoT RFID Labels Market Segmentation:
By Type
- Passive Labels
- Active Labels
By Application
- Inventory Management
- Supply Chain Management
- Asset Tracking
- Object Tracking
- Object Identification
- Others
IoT RFID Labels Market Companies:
- Alien Technology
- Pepperl + Fuchs
- Tag Factory
- Confidex
- Protopak Engineering
- Tageos
- HID Global
- Hans Turck
- Zebra Technologies
- Honeywell international
- Omron Automation
- Omnia Technologies
- Invengo Information Technology
- MPI Label Systems
- Avery Dennison
- Syndicate RFID
- William Frick
- NXP Semiconductors
- RF Code
- GAO RFID
- Ifm Group
- CoreRFID
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