The global RFID market is projected to reach $32.4 billion by 2029, at a CAGR of 10.8% from 2022 to 2029. The growth of the RFID market is attributed to the rising need to eliminate manual data capture & entry errors, supportive government initiatives encouraging the use of AIDC technologies, and the increasing adoption of RFID technology among manufacturing industries. The increasing deployment of RFID systems for Industry 4.0 and smart manufacturing applications is expected to create market growth opportunities. However, the high capital requirements for deploying RFID technology restrain the growth of this market.
Here are the top 10 companies operating in the RFID market :
Zebra Technologies Corporation (U.S.)
Founded in 1969 and headquartered in Illinois, U.S., Zebra Technologies Corporation is a provider of AIDC products. The company provides RFID scanners, handheld RFID readers & scanners, fixed RFID readers & printers, and RFID reader software. It provides products and services to several end users across the healthcare, retail & e-commerce, energy & utilities, transportation & logistics, hospitality, government, manufacturing, warehouse & distribution, and education sectors. Zebra Technologies operates in the market through two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company has a strong presence in various regions across North America, EMEA, Asia-Pacific, and Latin America. Some of its subsidiaries are Zebra Retail Solutions, LLC (U.S.), Reflexis Systems (U.S.), Telxon Corp (U.S.), and Zebra Technologies India Private Limited (India).
Avery Dennison Corporation (U.S.)
Founded in 1990 and headquartered in Ohio, U.S., Avery Dennison Corporation is a provider of RFID technology viz. RAIN RFID inlays and tags, etc. The company operates through three business segments, namely, Label and Graphic Materials, Retail Branding and Information Solutions (RBIS), and Industrial and Healthcare Materials. It offers RFID solutions to the retail, transport, logistics, and manufacturing industries under the Retail Branding and Information Solutions segment. Through the RBIS segment, Avery designs, manufactures, and sells a variety of branding and information solutions to retailers, brand owners, apparel manufacturers, distributors, and industrial customers globally.
Additionally, it offers RFID solutions, including RAIN RFID (UHF) Inlays, UHF RFID Sensor Inlays, HF Inlays, and UHF RFID Hard Tags. The company has a geographical presence across the U.S., Europe, Asia, and Latin America. Some of the company’s major subsidiaries are Paxar Corp. (U.S.) and Acpo, ltd. (U.S.).
Honeywell International Inc. (U.S.)
Founded in 1885 and headquartered in Delaware, U.S., Honeywell International Inc. is a provider of solutions that improve the productivity, workplace safety, and asset performance of customers globally. The company is specialized in barcode scanners, mobile computers, printers, RFID, voice direction software, and automation. It has customers across aerospace, automotive, commercial building, healthcare, logistics, manufacturing, oil & gas, medical, retail, supply chain, test & measurement, and transportation industries.
Honeywell offers Handheld RFID Readers and Smart Labels solutions, including IH21 Handheld UHF RFID Reader, IT36 Secure Passive RFID Tag, and IH40 RFID Handheld Reader, among others. With its subsidiaries and a strong distribution network, the company has a global presence across the United States, Europe, and Other International. Some of the company’s subsidiaries are Honeywell Automation India Ltd. (India) and Novar GmbH (Germany).
Invengo Information Technology Co., Ltd. (Singapore)
Founded in 1993 and headquartered in Singapore, Invengo Information Technology Co., Ltd. is a provider of RFID technology and solutions. The company focuses on enabling efficiency in applications, including ticketing, identity management, supply chain management, authentication, asset management, and brand equity. Invengo manufactures high-quality intelligent RAIN RFID (UHF) and NFC (HF) inlays, tags, and connectivity solutions utilized in the Internet of Things (IoT). It operates in various industries, including retail, library, laundry (industrial), pharmaceutical, healthcare, and public transportation.
Invengo offers RFID tags, RAIN/ UHF Inlays, RAIN RFID Fixed Readers, and RAIN RFID Antennas such as Invengo MuTRAK UHF Tag, Invengo FOLIO FM – NXP ICODE SLIX-S, Invengo LinTRAK C UHF Tag, and Invengo BluTAG. As of 2021, the company had a headcount of 600 employees across the globe. Some of its subsidiaries include Atid Co., Ltd. (South Korea), and Invengo Ventures Pte. Ltd. (Singapore).
Datalogic S.p.A. (Italy)
Founded in 1972 and headquartered in Bologna, Italy, Datalogic S.p.A. is a technology leader in automatic data capture and factory automation. The company specializes in designing and producing barcode readers, mobile computers, laser marking systems, detection, and RFID systems across many industries, such as retail, transportation and logistics, manufacturing, and healthcare. It offers a wide range of ultrahigh-frequency (UHF) RFIDs and solutions with real-time data and is used to facilitate tracking operations.
Additionally, Datalogic offers RFID solutions, including 2128P RFID SLED with holder, RFID SDKS2128P RFID READER with Memor 10, and 2128P RFID charging cradle, among others. Datalogic provides these solutions for diverse applications across the retail, transportation & logistics, manufacturing, and healthcare industries. The company operates through two segments, namely, Datalogic and Informatics. As of 2021, the company had a headcount of 2,990 employees worldwide.
“Meticulous Research in its latest publication on RFID Market has predicted the growth of 10.8% during the forecast year 2022-2029”
HID Global Corporation (U.S.)
Founded in 1991 and headquartered in Texas, U.S., HID Global Corporation is engaged in the manufacturing of secure identity products. The company develops access control and secure identity solutions, including smart cards, readers, printers, RFID tracking tags, and transponders. Furthermore, it specializes in designing, developing, and manufacturing IoT-based electronic access control and RFID solutions for the commercial and residential sectors; and focuses on innovative ticketing technology for enhancing its reading barcodes, RFID/NFC, and contactless EMV payments.
HID offers contactless RFID tag and readers solutions, including HID® Bin Tag RFID Tags, HID® Brick Tag RFID Tags, HID® identiFUEL™ Vehicle Tags, and HID® InLine Tag™ Ultra RFID Tags. In 2000, ASSA ABLOY (Sweden) acquired HID Global Corporation (U.S.). Some of the company’s subsidiaries are Quantum Secure, Inc. (U.S.), Bluvision, Inc. (U.S.), Omni-ID (U.S.), and IdenTrust, Inc. (U.S.).
Nedap N.V. (Netherlands)
Founded in 1929 and headquartered in Groenlo, Netherlands, Nedap N.V. is engaged in the development of hardware and software products for long-range identification, wireless vehicle detection, access control systems, farm automation, and RFID solutions for loss prevention and stock management, light management software, and healthcare professionals. The company operates in the market through two segments, namely, Products, Systems, and Installations and Software Subscription and Services.
Nedap develops RFID-based systems for animal care and easier monitoring of production & health conditions. The company offers RFID tags and readers, such as UHF Combi Card, UHF Exterior Tag, uPASS Target Antenna, TRANSIT Readers, and TRANSIT Tags. It also offers products incorporated with radio-frequency identification (RFID) technology for various applications, including retail, manufacturing, library management systems, electronic voting machines, and remote tracking systems used to keep up with livestock. As of 2021, the company had a headcount of 820 across the world.
Unitech Electronics Co. Ltd. (Taiwan)
Founded in 1979 and headquartered in Taipei, Taiwan, Unitech Electronics Co. Ltd. is a global provider of AIDC (Automatic Identification and Data Capture) technologies. The company offers a wide range of products, including enterprise mobile computers, rugged handheld PDAs, industrial tablets, barcode scanners, RFID readers, and IoT solutions. Its RFID portfolio includes UHF and HF handheld readers, UHF Fixed Readers, UHF Portable/ Pocket Readers, UHF Reader Modules, and RFID client middleware. Unitech’s RFID solutions include HT730UHF RFID Rugged Handheld Terminal, RG630 UHF RFID Gun Grip, RS804 4-port RFID UHF IoT Reader, ANW100 1-port RFID Antenna, and RM300 2-port/ 4-port UHF RFID Reader Module.
Impinj, Inc. (U.S.)
Founded in 2000 and headquartered in Washington, U.S., Impinj, Inc. is a manufacturer and provider of EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers & chips, RFID antennas, and software applications for encoding chips and gathering business intelligence on RFID systems. The company operates in the market through two operating segments, namely, Endpoint ICs, and Systems. The Impinj platform uses RAIN RFID technology and offers solutions such as Asset Management, Automated Checkout, Baggage Tracking, Inventory Management, and Supply Chain Automation.
The company offers RFID Tag Chips, Reader Chips, and Readers, including Impinj E700 series reader chips, Impinj Speedway readers, Impinj Monza R6 series tag chips, and Impinj E500 series reader chips, among others. As of 2021, the company had a headcount of 194 employees worldwide.
NXP Semiconductors N.V. (Netherlands)
Founded in 2006 and headquartered in Eindhoven, Netherlands, NXP Semiconductors N.V. is a semiconductor designer and manufacturer company that provides software for mobile communications, consumer electronics, security applications, in-car entertainment, and networking. The company offers products for automotive, identification, wireless infrastructure, lighting, mobile, and computing applications.
NXP operates in the market through four segments, namely, Automotive; Industrial & IoT; Mobile; and Communication Infrastructure and Others. The company mainly focuses on producing secure connectivity solutions for embedded applications. It also manufactures chips for e-Government applications, including electronic passports, RFID tags and labels, and transport and access management used in public transit systems. As of 2021, the company had a headcount of 31,000 employees worldwide.
Authoritative Research on the RFID Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
- Impact of COVID-19 on the RFID Market
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Please download report pages and learn more: https://www.meticulousresearch.com/download-sample-report/cp_id=5272