North America Radio-Frequency Identification Technology (RFID) Market Outlook, 2029
The North America RFID Market is segmented into By Product type (Tags, Readers, Software & Services), By Tag Type (Passive, Active), By Frequency (Low Frequency (30 KHz to 300 KHz), High Frequency (3 to 30 MHz), Ultra-High Frequency (300 MHz to 3GHz), By Application (Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defence, Animal Tracking/Agriculture, Commercial, Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.)).
- Bonafide Research
- 31-01-2024
- Pages : 89
- Figures : 12
- Tables : 25
- Region : North America
- Category : IT & Telecommunications
- Technology
The North America Radio-Frequency Identification (RFID) market was valued at more than USD 5 Billion in 2023 due to Strong presence of retail giants
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 5 Billion
- Largest Market United States
- Fastest Market Canada
- Format
Featured Companies
- 1. Honeywell International Inc.
- 2. Avery Dennison Corporation
- 3. Molex Incorporated
- 4. Assa Abloy AB
- 5. Nelipak Corporation
- 6. Zebra Technologies Corporation
- More...
RFID Market Market Analysis
The North America RFID market is one of the most mature and advanced markets globally, characterized by widespread adoption across various sectors. With a well-established infrastructure, robust regulatory framework, and technological innovation, North America leads the way in RFID deployment and utilization. The market encompasses a wide range of industries, including retail, healthcare, logistics, manufacturing, and transportation, each leveraging RFID technology to optimize processes, improve efficiency, and enhance competitiveness. Innovation is at the core of the RFID market culture in North America. Companies within the industry are constantly pushing the boundaries of technology, developing new solutions, and exploring innovative applications for RFID technology. From improving tag designs and reader capabilities to integrating RFID with other emerging technologies like IoT and AI, innovation drives growth and competitiveness within the North American RFID market. Furthermore the RFID market in North America is deeply rooted in a customer-centric approach. Companies prioritize understanding customer needs, challenges, and objectives to deliver RFID solutions that address specific business requirements. By focusing on customer success and satisfaction, RFID solution providers in North America build long-term relationships, foster loyalty, and drive innovation to meet evolving market demands. Furthermore the fosters an entrepreneurial spirit, encouraging creativity, risk-taking, and experimentation. Start-ups and small businesses play a significant role in driving innovation and disruption within the industry, challenging established players and driving market evolution. The culture of entrepreneurship encourages agility, adaptability, and a willingness to explore new opportunities and markets within the RFID ecosystem. According to the research report, “North America Radio-Frequency Identification (RFID) Market Outlook, 2029,” published by Bonafide Research, the North America Radio-Frequency Identification (RFID) market was valued at more than USD 5 Billion in 2023. Industries across North America, including retail, healthcare, logistics, manufacturing, and automotive, are increasingly adopting RFID technology to streamline operations, improve efficiency, and enhance competitiveness. The widespread adoption of RFID solutions across diverse sectors drives the overall demand for RFID technology in the region. Continuous advancements in RFID technology, such as improvements in tag design, reader capabilities, and software integration, enhance the performance, reliability, and applicability of RFID systems. Technological advancements drive demand as businesses seek to leverage the latest innovations to optimize processes, capture data, and gain actionable insights. RFID technology plays a crucial role in supply chain optimization, providing real-time visibility, traceability, and control over inventory and assets. Businesses in North America utilize RFID solutions to optimize supply chain processes, reduce operational costs, minimize stockouts, and improve overall efficiency, driving demand for RFID technology. As awareness of the benefits of RFID technology grows and education about its capabilities improves, businesses in North America are more inclined to invest in RFID solutions to address their operational challenges and achieve their business objectives. Increased awareness and education contribute to the growing demand for RFID technology in the region.
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Download SampleMarket Dynamic
Market Drivers • Operational Efficiency: RFID technology enables businesses to automate processes such as inventory management, asset tracking, and supply chain logistics, leading to improved operational efficiency. By providing real-time visibility into assets and inventory, RFID systems help businesses optimize processes, reduce manual errors, and enhance workflow efficiency. • Enhanced Customer Experience: RFID technology enables businesses to enhance the customer experience by improving product availability, reducing checkout times, and providing personalized services. In the retail sector, RFID-enabled solutions such as inventory visibility and item-level tagging enable retailers to offer seamless shopping experiences, driving customer satisfaction and loyalty. Market Challenges • Integration Complexity: Integrating RFID systems with existing infrastructure and IT systems can be complex and challenging. Businesses may face compatibility issues with legacy systems, software platforms, and databases, requiring significant investment in integration efforts and resources. Ensuring seamless integration while minimizing disruptions to operations is a key challenge for RFID deployments in North America. • Data Security and Privacy Concerns: RFID technology raises concerns about data security and privacy, particularly with the collection and storage of sensitive information associated with RFID tags. Businesses must implement robust security measures to protect RFID data from unauthorized access, interception, and tampering. Additionally, addressing privacy concerns related to the tracking and monitoring of individuals or assets using RFID technology is essential to gaining public trust and regulatory compliance.
RFID Market Segmentation
| By Product type | Tags | |
| Readers | ||
| Software & Services | ||
| By Tag Type | Passive | |
| Active | ||
| By Frequency | Low Frequency (30 KHz to 300 KHz) | |
| High Frequency (3 to 30 MHz) | ||
| Ultra-High Frequency (300 MHz to 3GHz) | ||
| Retail | ||
| By Application | Healthcare | |
| Logistics & Supply Chain | ||
| Transportation | ||
| Aerospace & Defence | ||
| Animal Tracking/Agriculture | ||
| Commercial | ||
| Security and Access Control | ||
| Others (Apparel, Food, Sports, Ticketing, etc.) | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
Based on the product types, there are segmented tags, readers, and software and services. Furthermore in terms of the tag types active and passive, passive RFID tags are a leading market. In North America the tags is growing market, RFID tags are being increasingly adopted across various industries in North America, including retail, healthcare, logistics, manufacturing, and automotive. Businesses are leveraging RFID technology to improve inventory management, enhance supply chain visibility, streamline operations, and enhance customer experiences. The growing adoption of RFID solutions across diverse sectors drives the demand for RFID tags in the region. The retail sector in North America is one of the major drivers of RFID tag adoption. Retailers are implementing RFID tags for item-level tracking, inventory accuracy, and omnichannel fulfillment strategies. RFID-enabled solutions such as RFID-enabled checkout, smart shelves, and inventory visibility systems are becoming standard practices in the retail industry, leading to increased demand for RFID tags. Continuous advancements in RFID technology, such as improvements in tag design, read range, durability, and data storage capacity, are driving the growth of the RFID tags market in North America. Enhanced RFID tags offer greater reliability, accuracy, and performance, making them suitable for a wider range of applications and environments across industries. The cost-effectiveness and scalability of RFID tags make them attractive solutions for large-scale deployments in North America. As the cost of RFID tags continues to decrease and scalability improves, businesses can deploy RFID solutions more cost-effectively across their operations. The ability to scale RFID deployments to meet growing business needs drives demand for RFID tags in the region. Furthermore the Passive RFID tags are more cost-effective compared to active RFID tags, making them attractive for large-scale deployments across various industries in North America. Passive RFID tags do not require an internal power source, such as a battery, which reduces manufacturing costs and makes them more affordable for businesses. Passive RFID tags come in various form factors, sizes, and materials, making them versatile for different applications and environments. They can be applied to a wide range of assets, products, and surfaces, from small items like retail merchandise to larger assets like vehicles and containers. According to the frequency, it is segmented into low frequency, high frequency, and ultra-high frequency. Based on the end user, they are bifurcated into Retail, Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defence, Animal Tracking/Agriculture, Commercial, Security & Access Control, and Others. UHF RFID technology offers a longer read range compared to other RFID frequencies such as High Frequency (HF) and Low Frequency (LF). This extended read range allows for the efficient tracking and monitoring of assets, inventory, and shipments over larger distances, making it suitable for applications in industries such as logistics, transportation, and supply chain management. UHF RFID systems enable high-throughput data capture, allowing for the simultaneous reading of multiple tags in a single RFID read cycle. This high-speed data capture capability enhances operational efficiency in applications where rapid and accurate data collection is essential, such as inventory management, retail checkout, and asset tracking. Ongoing advancements in UHF RFID technology, such as improvements in tag design, reader capabilities, and software algorithms, contribute to the growing adoption of UHF RFID systems in North America. Enhanced tag performance, read accuracy, and data reliability further drive the expansion of UHF RFID technology in various industries and applications. Furthermore the healthcare sector is growing the use of the RFID; RFID technology enhances patient safety and care by enabling accurate patient identification, medication administration, and tracking of medical equipment and supplies. RFID tags embedded in patient wristbands, medication packaging, and medical devices help prevent medication errors, improve treatment accuracy, and ensure timely access to critical information, ultimately enhancing patient outcomes and satisfaction. Hospitals and healthcare facilities in North America utilize RFID technology to track and manage medical equipment, devices, and supplies. RFID-enabled asset tracking systems provide real-time visibility into the location, status, and usage of assets, enabling healthcare providers to optimize inventory levels, reduce equipment downtime, and improve resource allocation, thereby enhancing operational efficiency and cost-effectiveness.
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RFID Market Market Regional Insights
According to the report the major countries are covered in the report include United States, Canada, Mexico and rest of North America. In North America the United States is leading market, the USA is a hub for technological innovation and research, with many RFID technology companies, research institutions, and universities driving advancements in RFID technology. The country has a rich ecosystem of technology firms specializing in RFID hardware, software, and solutions, contributing to the development of cutting-edge RFID technologies and applications. The USA has one of the largest and most mature RFID markets globally, with widespread adoption across various industries such as retail, healthcare, logistics, manufacturing, and aerospace. The country's large market size, diverse economy, and established infrastructure create favorable conditions for RFID technology adoption and deployment, driving market leadership. The USA is home to many leading companies and organizations that are early adopters and innovators in RFID technology. Major retailers, healthcare providers, logistics companies, and government agencies in the USA have embraced RFID technology to improve efficiency, enhance supply chain visibility, and deliver innovative solutions to their customers, driving market leadership and growth. The regulatory environment in the USA is conducive to RFID technology adoption, with supportive policies, standards, and initiatives promoting the use of RFID in various sectors. Regulatory mandates such as the FDA's requirements for pharmaceutical tracking and the DoD's mandates for military asset management drive the adoption of RFID solutions in regulated industries, further solidifying the USA's leadership in the RFID market.
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Companies Mentioned
- Honeywell International Inc.
- Avery Dennison Corporation
- Molex Incorporated
- Assa Abloy AB
- Nelipak Corporation
- Zebra Technologies Corporation
- Impinj, Inc.
- NXP Semiconductors N.V.
- Datalogic S.p.A.
- Invengo Information Technology CO., Ltd.
- ORBCOMM Inc
- Alien Technology
Table of Contents
- Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Radio-Frequency Identification Technology (RFID) Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Product Type
- 5.4. Market Size and Forecast, By Tag Type
- 5.5. Market Size and Forecast, By Frequency
- 5.6. Market Size and Forecast, By Application
- 6. North America Radio-Frequency Identification Technology (RFID) Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Product Type
- 6.4. Market Size and Forecast, By Tag Type
- 6.5. Market Size and Forecast, By Frequency
- 6.6. Market Size and Forecast, By Application
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. United States Radio-Frequency Identification Technology (RFID) Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Product Type
- 7.8.3. Market Size and Forecast By Tag Type
- 7.8.4. Market Size and Forecast By Frequency
- 7.8.5. Market Size and Forecast By Application
- 7.9. Canada Radio-Frequency Identification Technology (RFID) Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Product Type
- 7.9.3. Market Size and Forecast By Tag Type
- 7.9.4. Market Size and Forecast By Frequency
- 7.9.5. Market Size and Forecast By Application
- 7.10. Mexico Radio-Frequency Identification Technology (RFID) Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Product Type
- 7.10.3. Market Size and Forecast By Tag Type
- 7.10.4. Market Size and Forecast By Frequency
- 7.10.5. Market Size and Forecast By Application
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Zebra Technologies Corporation
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Avery Dennison Corporation
- 8.5.3. Honeywell International Inc.
- 8.5.4. Impinj, Inc.
- 8.5.5. Assa Abloy AB
- 8.5.6. NXP Semiconductors N.V.
- 8.5.7. Datalogic S.p.A.
- 8.5.8. Invengo Information Technology CO., Ltd.
- 8.5.9. ORBCOMM Inc
- 8.5.10. CCL Industries Inc.
- 8.5.11. Molex LLC
- 8.5.12. Alien Technology
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 1: Global Radio-Frequency Identification Technology (RFID) Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 6: Global Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Tag Type (2018 to 2029F) (In USD Billion)
Table 7: Global Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Frequency (2018 to 2029F) (In USD Billion)
Table 8: Global Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 9: North America Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 10: North America Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Tag Type (2018 to 2029F) (In USD Billion)
Table 11: North America Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Frequency (2018 to 2029F) (In USD Billion)
Table 12: North America Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 13: Influencing Factors for Radio-Frequency Identification Technology (RFID) Market, 2023
Table 14: United States Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 15: United States Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 16: United States Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 17: United States Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: Canada Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 19: Canada Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 20: Canada Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 21: Canada Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 22: Mexico Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 23: Mexico Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 24: Mexico Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 25: Mexico Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Figure 1: Global Radio-Frequency Identification Technology (RFID) Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Radio-Frequency Identification Technology (RFID) Market Share By Region (2023)
Figure 6: North America Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Radio-Frequency Identification Technology (RFID) Market Share By Country (2023)
Figure 8: US Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Radio-Frequency Identification Technology (RFID) Market
RFID Market Market Research FAQs
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