Europe Radio-Frequency Identification Technology (RFID) Market Outlook, 2029

The Europe 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.)).

The Europe RFID Market is projected to add more than USD 3 Billion from 2024 to 2029 due to Stringent regulations for inventory management

RFID Market Market Analysis

The adoption and application of RFID (Radio Frequency Identification) technology in a variety of European sectors is referred to as the "European RFID" market. RFID technology provides real-time data and increases operational efficiency by using radio waves to identify and monitor things or people. The purpose of this market research is to shed light on the opportunities, challenges, and trends that the European RFID market is now experiencing. RFID technology makes use of tags or labels that are affixed to things or people and those RFID readers can read from a distance. These tags allow for automatic identification and tracking since they contain electronically recorded information that may be communicated to the reader. The retail, healthcare, transportation, logistics, manufacturing, and other industries are all included in the Europe RFID market. The growing need for effective asset management, inventory tracking, and supply chain management has propelled the Europe RFID market's recent notable expansion. Benefits of RFID technology include increased visibility, decreased manual errors, increased accuracy, and simplified procedures. Numerous businesses are growing their geographical reach throughout Europe. Identiv, Inc., for example, established a new manufacturing facility in Europe in February 2023. With a portfolio of specialty UHF products that are reasonably priced, the manufacturing facility broadens Identiv, Inc.'s global reach across continents. In order to provide European manufacturers with the best-in-class industrial and specialist UHF RFID, the company has forged a strategic alliance with Trace Trace-ID. The growth of the RFID market in Europe is being driven by the expansion of both domestic and international market players. According to the research report "Europe RFID Market Outlook, 2029," published by Bonafide Research, the Europe RFID Market is projected to add more than USD 3 Billion from 2024 to 2029. Throughout the projected period, the Europe RFID market is anticipated to rise steadily due to the growing use of RFID technology across a variety of industries. The industry is expanding as more people become aware of the advantages of RFID, which include improved security, inventory management, and real-time tracking. Developments in RFID systems and government campaigns encouraging the technology are driving industry expansion even more. Players in the market are seeing new potential as a result of the integration of RFID with cutting-edge technologies like artificial intelligence (AI) and the internet of things. The European RFID market is expected to rise as a result of the growing use of RFID in numerous applications to improve security and access control. In Europe, radio-frequency identification (RFID) technology is widely utilized for a number of applications, such as payment systems, supply chain management, asset tracking, and logistics. RFID technology is used in logistics and supply chain management to monitor the flow of materials and goods from the point of origin to the point of consumption. By doing this, businesses may increase the effectiveness of their processes and lower the possibility of mistakes or losses. RFID tags provide inventory management and real-time tracking when they are affixed to objects like clothing or electronics. RFID technology is utilized in the financial industry in payment systems like mobile payment apps, contactless debit cards, and credit cards. Instead of swiping or placing their card into a terminal, customers can now make payments by just holding their card or device close to a reader. Generally speaking, Europe uses a lot of RFID technology to increase productivity and convenience across a range of sectors and applications. This is expected to support the growth rate of the Europe RFID market throughout the course of the projected year.

What's Inside a Bonafide Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Market Dynamic

Major Drivers Supply Chain Efficiency: RFID facilitates real-time tracking of commodities and improves supply chain visibility, which improves inventory management, lowers stock outs, and streamlines logistical processes. RFID has a lot to offer in Europe, where productive supply chains are essential for sectors like manufacturing, retail, and logistics. RFID technology gives businesses detailed insights into supply chain operations, allowing them to pinpoint bottlenecks, plan the best routes, and simplify procedures for increased productivity and cost savings. European companies use RFID data to estimate demand, examine past trends, and make well-informed decisions that lead to competitive advantage and operational excellence. European businesses may provide better customer service by using RFID technology to enable precise inventory visibility, expedited order fulfillment, and customized experiences. Retailers can increase total consumer happiness and loyalty by using RFID-enabled devices, for example, to provide click-and-collect services, speed checkout procedures, and ensure product availability. Interoperability and Industry Standards: Organizations such as GS1 Europe and ISO are promoting interoperability among RFID systems through standardization efforts, which makes data sharing and seamless integration between various supply chain players possible. In Europe, standardized RFID solutions facilitate broad adoption and provide for interoperability with current infrastructure. Data integrity, security, and privacy protection are all integrated into standardized RFID protocols. Adherence to standards helps organizations reduce risks connected with unauthorized access, data breaches, and non-compliance, hence improving trust and confidence in RFID technology. This is especially important in Europe, where data privacy requirements like GDPR are strict. Throughout the supply chain, seamless data interchange and collaboration are made possible via interoperable RFID technologies. Standardized RFID solutions enable end-to-end visibility, inventory management, and process optimization across Europe, where supply chain efficiency is crucial for sectors including manufacturing, retail, and logistics. This results in cost savings and competitive advantages. Major Challenges Security Risks: RFID systems are susceptible to security risks, including but not limited to data interception, cloning of tags, and illegal access. Businesses in Europe, where cybersecurity is a major concern, encounter difficulties when putting strong security measures in place to protect RFID infrastructure, stop data breaches, and lessen the dangers of insider threats and malicious attacks. RFID security projects in Europe are made more difficult by the need to comply with changing industry standards and legal regulations. In order to prove compliance with security standards, undergo audits and assessments, and address regulatory expectations regarding RFID security, organizations must navigate regulatory frameworks, industry guidelines, and certification processes. This presents challenges in matching security practices with regulatory mandates while preserving operational efficiency and competitiveness. Due to the intricate supply chain that RFID technology depends on, which includes numerous manufacturers, suppliers, and service providers, there is a higher chance of supply chain vulnerabilities like modified hardware, hacked software, or counterfeit parts. In Europe, supply chain security is a top concern. To reduce security risks and guarantee the integrity of RFID systems and components, companies need to screen suppliers, build resilience strategies, and apply supply chain risk management techniques. Expense and ROI (return on investment): Organizations considering RFID deployment have budgetary constraints due to initial investment expenditures, which include infrastructure, software, hardware, and implementation services. In Europe, where companies compete in marketplaces with thin profit margins, determining the return on investment (ROI) of RFID investments and providing an explanation for up-front costs are still important factors to take into account, especially for small and medium-sized firms (SMEs) with limited funding. Investments in RFID carry risks relating to market dynamics, technological obsolescence, regulatory changes, and unforeseen difficulties. To reduce risks and safeguard investments in RFID projects, firms in Europe need to perform comprehensive risk assessments, scenario analysis, and contingency planning due to the predominance of economic and regulatory uncertainty. European businesses must choose how to allocate resources among a variety of activities, projects, and strategic goals that have conflicting priorities. It can be difficult to balance competing demands for capital investment, operational efficiency, and innovation when allocating financial resources and managerial time to RFID projects. Stakeholder buy-in and alignment with organizational priorities are necessary.

Make this report your own

Have queries/questions regarding a report?

Take advantage of intelligence tailored to your business objective

Manmayi Raval

Manmayi Raval

Research Consultant


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.)
EuropeGermany
United Kingdom
France
Italy
Spain
Russia

Based on the Product type the market is divided into Tags, Readers, and Software & Services. In the European RFID market, the readers segment is becoming more significant. Readers facilitate data collection, processing, and communication by acting as an interface between RFID tags and backend systems. Standardized RFID readers facilitate compatibility, scalability, and interoperability with current infrastructure and systems in Europe, where interoperability and standards are essential for seamless integration across many applications and industries. Advanced features like multi-protocol support, long-range capabilities, real-time location monitoring, and edge computing capabilities are being introduced by manufacturers for RFID readers. The availability of sophisticated RFID readers improves flexibility, performance, and functionality across a range of applications and environments in Europe, where businesses want adaptable and feature-rich solutions to satisfy complicated use cases and requirements. Based on the Tag Type the market is divided into Passive, Active. Passive RFID tags come in various form factors, sizes, and configurations, making them versatile and suitable for a wide range of applications in Europe, including retail, manufacturing, healthcare, logistics, and supply chain management. The scalability of passive RFID systems allows businesses to deploy thousands or even millions of tags cost-effectively, enabling widespread adoption and integration into existing workflows and processes. Market rivalry, technical innovation, and advancements motivated by consumer needs, industry trends, and regulatory constraints define the European Passive RFID market. In order to suit the changing demands and preferences of European clients and end users, manufacturers continuously spend in research and development to improve the performance, dependability, and usefulness of passive RFID tags. They also introduce new materials, designs, and functionalities. Based on the Frequency the market is divided into Low Frequency (30 KHz to 300 KHz), High Frequency (3 to 30 MHz), and Ultra-High Frequency (300 MHz to 3GHz). In the European market, the High Frequency (3 to 30 MHz) RFID segment is becoming more and more significant. For proximity and contactless applications, like access control, ticketing, payment systems, and near-field communication (NFC) applications, High Frequency (HF) RFID technology is a good fit. HF RFID technology provides seamless interaction and authentication capabilities in a variety of situations, including public transit, events, healthcare institutions, and retail locations. In Europe, convenience, security, and user experience are of utmost importance. Consumers in Europe can have personalized and interactive experiences because to HF RFID technology, which promotes brand distinction, engagement, and loyalty. HF RFID technology is utilized by retailers, museums, entertainment venues, and hospitality providers to give personalized information, promotions, and recommendations that are tailored to each individual's tastes and habits. This results in increased consumer satisfaction and revenue growth. Based on the Application type the market is divided into Retail Healthcare, Logistics & Supply Chain, Transportation, Aerospace & defence, Animal Tracking/Agriculture, Commercial Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.). In the European RFID market, the retail segment is becoming more significant. Stock outs, overstocking, and inaccurate inventory are among the inventory management issues that European retailers must deal with. Retailers can precisely track products across the supply chain, optimize stock levels, and increase inventory accuracy thanks to RFID technology's real-time visibility into inventory levels. By guaranteeing that products are available when and where they are needed, RFID technology helps merchants in Europe, where operational efficiency is critical to sustaining competitiveness, streamline operations, and improve customer satisfaction.

RFID Market Market Regional Insights

Based on report market is divided into various major countries Germany, UK, France, Italy, Spain, Russia. UK is leading the Europe. German retailers are increasingly using RFID technology to manage inventory, streamline the supply chain, and improve the in-store experience for customers. RFID tags let retailers manage inventory levels more efficiently, track products in real-time, and avoid out-of-stock situations. RFID technology is very helpful for logistics and supply chain management in Germany. It reduces operating costs, improves inventory accuracy, makes shipments more visible, and allows for real-time tracking of items. RFID technology has been an investment made by German logistics organizations in an attempt to increase overall efficiency and streamline operations. The healthcare sector uses RFID technology for asset tracking, patient identification, inventory management, and medication safety. German hospitals and healthcare facilities have implemented RFID technology to enhance patient care, boost operational efficiency, and reduce medical errors. The UK dominated the European RFID market share in terms of revenue, and it is expected that this trend would hold true for the duration of the projection. Furthermore, Germany is expected to become the country in Europe with the fastest-growing RFID market with a CAGR because of significant improvements in consumer electronics and the Internet of Things. When it comes to using RFID technology in the retail sector, the UK is regarded as a leader. Retailers in the UK have embraced RFID technology in a big way, hoping to boost inventory accuracy, streamline operations, and enhance customer shopping. Despite not being the global leader at the moment, Russia's RFID market is expanding at a promising rate and offers intriguing potential. Russia's RFID (Radio Frequency Identification) industry, which is based in the country's core of Eurasia, is a strong indicator of the nation's adoption of new technologies and ambitions for industrial modernization. Due to its vast area and diverse economy, Russia provides an unprecedented environment for RFID adoption across a range of sectors, including manufacturing, healthcare, retail, and logistics. This article looks at the emerging trends affecting the RFID market's future as well as the dynamic dynamics driving its growth in Russia. Russia has demonstrated a strong adoption rate in areas like electronic tolling, postal services, and livestock tracking, which offers valuable insights for other countries exploring similar applications.

Key Development

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now
Discount offer

Companies Mentioned

  • Honeywell International Inc.
  • Nedap N.V. Inc
  • Siemens AG
  • Avery Dennison Corporation
  • 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
Company mentioned

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. Europe 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. Germany 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. United Kingdom 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. France 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
  • 7.11. Italy Radio-Frequency Identification Technology (RFID) Market Outlook
  • 7.11.1. Market Size By Value
  • 7.11.2. Market Size and Forecast By Product Type
  • 7.11.3. Market Size and Forecast By Tag Type
  • 7.11.4. Market Size and Forecast By Frequency
  • 7.11.5. Market Size and Forecast By Application
  • 7.12. Spain Radio-Frequency Identification Technology (RFID) Market Outlook
  • 7.12.1. Market Size By Value
  • 7.12.2. Market Size and Forecast By Product Type
  • 7.12.3. Market Size and Forecast By Tag Type
  • 7.12.4. Market Size and Forecast By Frequency
  • 7.12.5. Market Size and Forecast By Application
  • 7.13. Russia Radio-Frequency Identification Technology (RFID) Market Outlook
  • 7.13.1. Market Size By Value
  • 7.13.2. Market Size and Forecast By Product Type
  • 7.13.3. Market Size and Forecast By Tag Type
  • 7.13.4. Market Size and Forecast By Frequency
  • 7.13.5. 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. Nedap N.V.
  • 8.5.12. Siemens AG
  • 9. Strategic Recommendations
  • 10. Annexure
  • 10.1. FAQ`s
  • 10.2. Notes
  • 10.3. Related Reports
  • 11. Disclaimer

List of Table
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: Europe Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 10: Europe Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Tag Type (2018 to 2029F) (In USD Billion)
Table 11: Europe Radio-Frequency Identification Technology (RFID) Market Size and Forecast, By Frequency (2018 to 2029F) (In USD Billion)
Table 12: Europe 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: Germany Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 15: Germany Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 16: Germany Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 17: Germany Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 18: United Kingdom Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 19: United Kingdom Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 20: United Kingdom Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 21: United Kingdom Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 22: France Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 23: France Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 24: France Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 25: France Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 26: Italy Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 27: Italy Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 28: Italy Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 29: Italy Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 30: Spain Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 31: Spain Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 32: Spain Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 33: Spain Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 34: Russia Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Product Type (2018 to 2029F) (In USD Billion)
Table 35: Russia Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Tag Type (2018 to 2029F) (In USD Billion)
Table 36: Russia Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Frequency (2018 to 2029F) (In USD Billion)
Table 37: Russia Radio-Frequency Identification Technology (RFID) Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)

List of Figures
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: Europe Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Europe Radio-Frequency Identification Technology (RFID) Market Share By Country (2023)
Figure 8: Germany Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: UK Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: France Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Italy Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Spain Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Russia Radio-Frequency Identification Technology (RFID) Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: Competitive Dashboard of top 5 players, 2023
Figure 15: Porter's Five Forces of Global Radio-Frequency Identification Technology (RFID) Market

RFID Market Market Research FAQs

RFID (Radio Frequency Identification) is a technology that tracks and identifies things or people wirelessly using radio waves. It is made up of readers that take data from these tags and process it, as well as tags that hold electronically recorded information.

RFID is used in many different industries in Europe, including transportation, healthcare, contactless payment systems, access control, inventory management, and supply chain optimization.

In order to guarantee the safe and secure use of RFID technology, the European Union has put in place certain laws, especially with regard to data protection and privacy. One such law that controls the gathering, storing, and use of personal information gleaned by RFID systems is the General Data Protection Regulation (GDPR).

Improved inventory accuracy, higher supply chain visibility, increased operational efficiency, lower labour costs, and improved customer experiences through quicker checkout times and customized services are just a few of the advantages that RFID offers.

The European market is witnessing a swift development of RFID technology, encompassing improvements in tag design, reader capabilities, data analytics, and amalgamation with other technologies like artificial intelligence and the Internet of things. Progress in this area stimulates creativity and makes new uses possible in a range of sectors.
Logo

Europe Radio-Frequency Identification Technology (RFID) Market Outlook, 2029

Contact usWe are friendly and approachable, give us a call.