Global Radio Frequency Identification (RFID) Market: Transforming the healthcare industry

The global RFID market is projected to reach USD 27.56 billion by 2025, witnessing a CAGR of 6.8% during the forecast period. Growing demand for security and access control applications, rapid adoption of RFID technology in the retail sector, and emergence of internet of things (IoT), are the factors primarily driving the market growth. In addition, increasing technological advancement has led to the integration of RFID with GPS and IoT, which is expected to create significant opportunities for the market.

Radio frequency identification (RFID) is a wireless technology used to track and identify information using low-range radio waves transmitted from a small specialized tag to a nearby reader which collects the data. The RFID devices are extensively deployed in the retail sector and find its application as remote scanners for detecting RFID tags on the labels of different products. Furthermore, radio frequency identification offers various solutions such as storage, real-time backup recovery, ease of management & monitoring, elimination of data redundancy, and customer support, among others.


The advent of chipless RFID serves many solutions and has a great potential to substitute the barcodes. The chipless RFID is a wireless data capturing technology that finds its application in many end-use industries such as pharmaceutical, aviation, and retail, among others. Moreover, chipless RFID is deployed to enhance store execution, and upgrade client experience in an addressable way. The rising significance in retail and aviation industry to execute efficient operation is considerably fueling the demand for chipless RFID.