Radio-Frequency Identification (RFID) Market
Radio-Frequency Identification (RFID) Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Radio-Frequency Identification (RFID) Market Size and Growth
The Radio-Frequency Identification (RFID) market is experiencing substantial growth, driven by increasing demand for automation and supply chain efficiency. The global RFID market size reached approximately $12 billion in 2023 and is projected to expand at a CAGR of over 14% through 2030, highlighting its critical role across various industries.
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Companies Covered (Covid 19 Impact Covered)
◍ NXP Semiconductors N.V (Netherlands)
◍ Alien Technology (US)
◍ 3M Company (U.S)
◍ ACTAtek Technology (U.S)
◍ Axcess International(U.S)
◍ Impinj Inc. (US)
◍ Ascendent ID (U.S)
◍ Checkpointt System Inc. (U.S)
◍ Avery Dennison Corporations (US)
The RFID market sees key players like NXP Semiconductors, Alien Technology, and 3M driving innovation through technology advancements. Companies utilize RFID for inventory management, tracking, and security, enhancing operational efficiency. Their contributions foster market growth through increased applications. Notable sales figures include:
- NXP Semiconductors: ~$3 billion - 3M Company: ~$2 billion - Impinj Inc.: ~$200 million
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