RFID Sensor Market Size and Growth
The global RFID sensor market is expected to reach a value of $11.99 billion by 2027, growing at a CAGR of 7.4% during the forecast period. The market is driven by increasing adoption across various industries, such as healthcare, retail, and transportation, due to the benefits of improved inventory management and asset tracking.
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Companies Covered (Covid 19 Impact Covered)
◍ Murata
◍ Vitaran Electronics
◍ SMARTRAC
◍ ELA Innovation
◍ Balluff
◍ American Barcode and RFID
◍ VisuaScan
◍ Imprint Enterprises
◍ Coridian Technologies
◍ AbeTech
◍ Invengo Technology
The RFID Sensor Market is competitive with companies like Murata, Vitaran Electronics, SMARTRAC, ELA Innovation, Balluff, American Barcode and RFID, VisuaScan, Imprint Enterprises, Coridian Technologies, AbeTech, and Invengo Technology. These companies offer RFID solutions for various industries, contributing to the growth of the market.
- SMARTRAC: $720 million
- Murata: $10.7 billion
- Balluff: $609 million
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