North America RFID (Radio Frequency Identification) Market, Offering (Hardware, Software, and Services), Connectivity (Bluetooth, Ultrawide Band, and Others), Material Type (Plastic, Metal, Paper, Glass, and Others), End User (Retail/Commercial, Industrial, Healthcare, Consumer Package Goods, Automotive, Aerospace, Surveillance and Security, Logistics and Transportation, Sports, Defense, Education, Livestock & Wildlife, and Others) - Industry Trends and Forecast to 2030.
North America RFID (Radio Frequency Identification) Market Analysis and Size
RFID technology makes use of the electromagnetic field to detect the tags attached to products. The tags contain electronically stored information and can be attached to the products, animals, and a person. Primarily RFID tags were developed to replace the barcodes in supply chains. RFID tags can be read wirelessly and without any line of sight. RFID is a rapidly growing wireless technology that has helped the textile and apparel industry save billions of dollars by delivering precise data of different items located at any time. The growth of the market has been highly boosted by increasing the installation of RFID systems in manufacturing units to improve productivity. The growing acceptance of electronic identity cards and RFID tags in smart cards is boosting the growth of the North America RFID (Radio Frequency Identification) market.
Data Bridge Market Research analyses that the North America RFID (Radio Frequency Identification) market is expected to reach a value of USD 10,988.22 million by 2030, at a CAGR of 12.4% during the forecast period. The North America RFID (radio frequency identification) market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Offering (Hardware, Software, and Services), Connectivity (Bluetooth, Ultrawide Band, and Others), Material Type (Plastic, Metal, Paper, Glass, and Others), End User (Retail/Commercial, Industrial, Healthcare, Consumer Package Goods, Automotive, Aerospace, Surveillance and Security, Logistics and Transportation, Sports, Defense, Education, Livestock & Wildlife, and Others)
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Country Covered
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U.S., Canada, and Mexico
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Market Players Covered
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CCL Industries, Honeywell International Inc., HL, Smart Label Solutions, Omnia Technologies, SES RFID GmbH, Invengo Technology Pte. Ltd., RFID4U, AVERY DENNISON CORPORATION, Jadak – A Novanta Company, Alien Technology, LLC, CoreRFID, Impinj, Inc., Nedap N.V., NXP Semiconductors, Zebra Technologies Corp., Pepperl+Fuchs SE, SimplyRFID, Identiv, Inc., HID Global Corporation, part of ASSA ABLOY among others
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Market Definition
RFID (radio frequency identification) is part of a tracking system that uses smart barcodes for identifying items through the use of radiofrequency technology. The radio waves transmit data from the tag to a reader, and the data received is then transmitted as information to an RFID computer program. RFID tags are equipped with integrated circuits and antennas that can be attached to products and packaging. The RFID tags transfer data through the radio waves, which RFID readers convert to form a more usable form of data that is then analyzed by the backend.
North America RFID (Radio Frequency Identification) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
Increasing installation of RFID systems in the manufacturing industry to improve productivity
Manufacturers are always looking for advanced ways to optimize operations and reduce expenses. Radio-frequency identification (RFID) technology can optimize the supply chain by improving material flow and tracking damages. Increased automation, paired with the widespread availability of smart gadgets and associated wireless networks such as RFID, allows for unprecedented levels of flexibility and efficiency. RFID technology is widely employed in manufacturing since it provides numerous benefits, such as better product monitoring, more accurate WIP status, fewer manufacturing errors, and a higher-quality product. RFID enables real-time sight of material and assets, which is essential for running the production process smoothly.
Growing acceptance of electronic identity cards and RFID tags located in smart cards,
In February 2023, the security technology alliance organization released a detailed report regarding smart card initiatives the U.S. government and institutes took. In this report, they mentioned that the U.S. federal government launched smart card programs to regulate smart cards for employee and contractor identification cards. They also specify smart cards for citizens, transportation workers, and first responders in new identity programs. This step taken by the U.S. federal government is boosting the acceptance of electronic identity cards and RFID tags in smart cards.
Opportunity
Rising need for contact-tracing solutions
Contact tracing is an important and recognized part of any strategy to prevent and monitor the outbreak and spreading of infectious diseases. Radiofrequency identification (RFID) technology uses electromagnetic fields to automatically identify and track tags attached to persons or objects to create a real-time location system. The COVID-19 impact reveals the importance of traceability and standardization to effectively monitor people, supply chains, and assets in the healthcare industry. The COVID-19 outbreak has heightened the risks posed by the global trade in counterfeit pharmaceutical products
Restraint/Challenge
High purchase, installation, and maintenance costs
Adoption of RFID systems in any industry requires high investments, including the purchase cost of RFID tags, readers, and software and the costs associated with replacement services and electricity. Add-on features such as continuous accuracy checking of systems, IoT integration, and training costs make RFID solutions more costly. This results in a low adoption rate of RFID systems. RFID Tags are of two types active and passive, passive RFID tags are of low cost as compared to active RFID tags but the infrastructure of passive RFID tags is quite expensive
Post-COVID-19 Impact on North America RFID (Radio Frequency Identification) market
COVID-19 negatively impacted the North America RFID (Radio Frequency Identification) market due to the shutdown of global logistics and transportation and the lack of testing for the system.
The COVID-19 pandemic has impacted the North America RFID (Radio Frequency Identification) market to an extent in negative manner. However, The word RAIN is derived from Radiofrequency Identification that acts as a nod to act as a link between UHF RFID and the cloud. The cloud helps store and manage the data that can be further shared through the internet. RAIN RFID is, therefore, a wireless technology that helps connect billions of everyday items to the internet, allowing several consumers to identify further, locate, authenticate, and engage each item. With increasing automation in various industries and increasing use of connected equipment, manufacturers are developing RAIN RFID tags to gain a larger market share, therefore, increasing the growth of the market.
The market players are conducting multiple research and development activities to improve the technology involved in the accessories. With this, the companies will bring advancement and innovation to the market. In addition, government funding for RFID has led the market growth.
Recent Developments
- In August 2023, HL announced that the company had launched a new UHF RFID industrial power connector. This step has allowed the company to increase its product portfolio under the North America radio frequency identification technology market and serve a wider consumer range in Europe and North America
- CCL Industries announced that the company had launched a new clinical system for the healthcare sector. This system will contain a new digital capability for the next generation of clinical labeling. The company has increased its dominance in the North America radio frequency identification technology market through this launch
North America RFID (Radio Frequency Identification) Market Scope
North America RFID (radio frequency identification) market is segmented based on the offering, connectivity, material type, and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
NORTH AMERICA RFID (RADIO FREQUENCY IDENTIFICATION) MARKET, BY OFFERING
- HARDWARE
- SOFTWARE
- SERVICES
On the basis of offering, the market is segmented into hardware, software, and services.
NORTH AMERICA RFID (RADIO FREQUENCY IDENTIFICATION) MARKET, BY CONNECTIVITY
- BLUETOOTH BAND
- ULTRA WIDE BAND
- OTHERS
On the basis of connectivity, the market has been segmented into bluetooth and ultrawide band, others.
NORTH AMERICA RFID (RADIO FREQUENCY IDENTIFICATION) MARKET, BY MATERIAL TYPE
- PLASTIC
- METAL
- PAPER
- GLASS
- OTHERS
On the basis of material type, the market has been segmented into plastic, metal, paper, glass, and others.
NORTH AMERICA RFID (RADIO FREQUENCY IDENTIFICATION) MARKET, BY END USER
- RETAIL/COMMERCIAL
- INDUSTRIAL
- HEALTHCARE
- CONSUMER PACKAGE GOODS
- AUTOMOTIVE
- AEROSPACE
- SURVEILLANCE AND SECURITY
- LOGISTICS AND TRANSPORTATION
- INFORMATION TECHNOLOGY (IT)
- SPORTS
- DEFENCE
- WILDLIFE
- EDUCATION
- LIVESTOCK
- OTHERS
On the basis of end user, the market is segmented into retail/commercial, industrial, healthcare, consumer package goods, automotive, aerospace, surveillance and security, logistics and transportation, information technology (IT), sports, defence, wildlife, education, livestock and others.
Country Analysis/Insights
North America RFID (radio frequency identification) market is analyzed, and market size insights and trends are provided by country, type, distribution channel, demographics, and price range as referenced above. The countries covered in the North America RFID (radio frequency identification) market report are the U.S., Canada, and Mexico. The U.S. is expected to dominate the market as the country has an increasing adoption of RFID tags for industry 4.0, IoT, and smart manufacturing compared to other regions. The country section of the report also provides individual market-impacting factors and market regulation changes that impact the market's current and future trends. Data points like downstream and upstream value chain analysis, technical trends, porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America RFID (Radio Frequency Identification) Market Share Analysis
North America RFID (Radio Frequency Identification) market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, and application dominance. The above data points provided are only related to the companies' focus related to North America RFID (Radio Frequency Identification) market.
Some of the major players operating in the North America RFID (Radio Frequency Identification) market are CCL Industries, Honeywell International Inc., HL, Smart Label Solutions, Omnia Technologies, SES RFID GmbH, Invengo Technology Pte. Ltd., RFID4U, AVERY DENNISON CORPORATION, Jadak – A Novanta Company, Alien Technology, LLC, CoreRFID, Impinj, Inc., Nedap N.V., NXP Semiconductors, Zebra Technologies Corp., Pepperl+Fuchs SE, SimplyRFID, Identiv, Inc., HID Global Corporation, part of ASSA ABLOY among others.
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