United Kingdom (UK) Radio-Frequency Identification (RFID) Market Overview, 2029

In terms of revenue, the United Kingdom led the European Radio-Frequency Identification (RFID) market share, and this trend is anticipated to continue during the projection period. Furthermore, due to substantial advancements in consumer electronics and the Internet of Things, Germany is predicted to become the Radio-Frequency Identification (RFID) Industry's fastest-growing nation in Europe with a CAGR. The United Kingdom is seen as a pioneer in the retail industry's use of RFID technology. RFID technology has been widely adopted by United Kingdom retailers in an effort to increase inventory accuracy, optimize business processes, and improve the shopping experience for customers. RFID developments such as automated checkout systems, Omni channel retailing solutions and smart shelving are tested in the United Kingdom retail market four students from the Imperial College London's Dyson School of Design Engineering founded a startup named PulpaTronics. Initially, the goal was to make passive RFID tags more sustainable, but they also claim to have made a significant cost breakthrough. For organizations in the United Kingdom, cloud-based RFID systems provide scalability, flexibility, and accessibility. Cloud platforms facilitate real-time visibility and insights across dispersed sites by offering centralized data storage, analytical capabilities, and remote management of RFID systems. Using the cloud enables United Kingdom firms to take use of RFID technology without having to make large upfront investments in IT resources and infrastructure. By enabling real-time data processing and analysis at the RFID tag detection site, edge computing solutions lower latency and bandwidth needs. Edge computing technologies are used in RFID applications in the United Kingdom to assist time-sensitive tasks like supply chain optimization, asset tracking, and inventory management. RFID implementation in a variety of situations benefit from edge computing’s improved responsiveness, scalability, and dependability. According to the research report "United Kingdom Radio-Frequency Identification (RFID), 2029," published by Bonafide Research, the United Kingdom RFID is expected to reach market size of more than USD 1.50 billion by 2029. In the United Kingdom, supply chain management and logistics are greatly aided by RFID technology. It makes inventory visibility better, allows for real-time tracking of items, and simplifies warehouse management procedures. RFID solutions are used by logistics organizations in the United Kingdom to increase productivity, cut expenses, and satisfy the expanding demands of Omni channel and e-commerce models. Collaboration and collaborations between academic institutions, industrial players, and technology vendors define the United Kingdom Radio-Frequency Identification (RFID) market. Innovation, knowledge exchange, and the creation of industry standards and best practices are all fueled by collaborative efforts. RFID businesses in the United Kingdom frequently work with academic institutions and governmental bodies to solve market issues, promote technological acceptance, and propel industrial expansion. More and more sectors and applications in the United Kingdom market are finding RFID solutions appealing due to ongoing developments in the technology, such as smaller form factors, better read ranges, higher data store capacity, and cheaper costs. RFID technology is being integrated into smart transportation, trash management, parking management, and environmental monitoring projects as part of the United Kingdom's smart city and Internet of Things (IoT) developments.

Based on the Product type the market is divided into Tags, Readers, and Software & Services. The United Kingdom's need for RFID readers has inevitably grown as RFID technology becomes more widespread across a range of industries. Because they enable communication between RFID tags and backend systems, RFID readers are crucial parts of RFID systems. The need for dependable and effective RFID readers has increased due to the expanding use of RFID in supply chain optimization, asset tracking, inventory management, and other fields. The United Kingdom's RFID reader market is distinguished by ongoing innovation and technological breakthroughs. More performance, read range, data processing power, and networking choices are available with modern RFID readers. RFID readers are becoming more flexible and adaptable to a wider range of use cases and environments because to advanced features like multi-protocol compatibility, edge computing capabilities, and connectivity with IoT platforms. Based on the Tag Type the market is divided into Passive, Active. In the United Kingdom Radio-Frequency Identification (RFID) market, the Passive category is becoming more significant. In general, passive RFID technology is less expensive than active RFID technology. Because they don't need an onboard power source and are generally less expensive to produce, passive RFID tags are an affordable option for a variety of uses in the United Kingdom market. Passive RFID tags are more widely adopted in a variety of industries, including manufacturing, asset tracking, retail, logistics, and healthcare, due to their reduced cost. In the United Kingdom, passive RFID technology is adaptable and appropriate for a wide range of uses in many sectors. RFID tags that are passive can be employed for many purposes such as supply chain optimization, asset tracking, inventory management, access control, and authentication. 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). The United Kingdom's Radio-Frequency Identification (RFID) market is seeing a boom in the High Frequency (HF) category, which includes RFID tags and readers operating in the 3 to 30 MHz range. In the United Kingdom, high frequency RFID technology is frequently included for safe authentication and personalization into smart cards, identity badges, and NFC (Near Field Communication) devices. The expansion of the HF RFID segment in the United Kingdom market is being driven by the use of HF RFID-enabled smart cards for employee identification, electronic payments; secure access to buildings and facilities, public transit, and event ticketing. In the United Kingdom, HF RFID technology is used for identity verification, vehicle access, and building security, among other security and access control applications.

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Manmayi Raval

Research Consultant

Based on the Application type the market is divided into Retail Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defense, Animal Tracking/Agriculture, Commercial Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.). In the United Kingdom Radio-Frequency Identification (RFID) market, the retail segment is becoming more significant. In retail establishments, RFID technology helps to improve the general consumer experience. Retailers may guarantee that products are easily available for customers, cutting down on wait times and raising customer satisfaction, by keeping correct inventory records. Additionally, United Kingdom customers' shopping experiences are made more convenient and efficient by RFID-enabled products like smart shelves and self-checkout kiosks. For United Kingdom merchants, RFID technology is essential to shrinkage reduction and loss prevention. Items can be identified and tracked using RFID tags both inside retail establishments and across the supply chain. Because of this visibility, retailers may put into place methods for preventing losses, discourage theft, and reduce shrinkage, all of which help to safeguard profit margins and enhance operational effectiveness. Considered in this report: • Geography: United Kingdom • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • United Kingdom Radio-Frequency Identification (RFID) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation

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By Product type: • Tags • Readers • Software & Services • Others 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: • Retail • Healthcare • Logistics & Supply Chain • Transportation • Aerospace & Defense • Animal Tracking/Agriculture • Commercial • Security and Access Control • Others (Apparel, Food, Sports, Ticketing, etc.) The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Radio-Frequency Identification (RFID) Industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.