RFID tags a $14.69 Billion Market in 2026

The global radio-frequency identification (RFID) tags market is expected to grow from $9.43 billion in 2021 to $10.31 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The market is expected to reach $14.69 billion in 2026 at a CAGR of 9.3%.

The radio-frequency identification (RFID) tags market consists of sales of RFID tags by entities (organizations, sole traders, and partnerships) that use hardware and software technologies that allow users to receive, store, and transmit data through radio frequency waves.

Major players in the radio-frequency identification (RFID) tags market are Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj Inc., Invengo Technology Pte. Ltd., ams AG, Atmel Corp, Alien Technology, Smartrac N.V., GAO RFID Inc., The Tag Factory and MOJIX.

North America was the largest region in the radio-frequency identification (RFID) tags market in 2021. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising e-commerce and online retail sales are expected to propel the growth of the RFID tags market in the forecast period. E-commerce (electronic commerce) is the buying and marketing of goods and services over a computer network, most often the internet, as well as the exchange of payments and information.