RFID Tags Market Projected to Touch 7,982.2 Million by 2027

According to a comprehensive research report by Market Research Future the RFID tag market valuation is poised to reach USD 7,982.2 Million by 2027, registering an 13.67% CAGR throughout the forecast period (2020–2027).

The use of RFID chips in visas and passports will offer robust opportunities for the market over the forecast period. Many governments are considering incorporating RFID chips into visas and passports. To combat illegal immigration, some countries are reforming as well as changing their migration & immigration policies. Since paper-only visas have turned obsolete and simple to forge, the criminals have multiple options for fleeing the country. The United States government has indeed been at the vanguard of pushing technology.

Increasing Adoption in Healthcare Sector to Boost RFID Tags Market Growth
/EIN News/ -- New York, US, June 13, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “RFID Tags Market Analysis by RFID Tags Market: Information by Frequency (Low Frequency, High Frequency, And Ultra-High Frequency), Standard, Application (Transportation, Agriculture, Logistics, Healthcare, Aerospace, Retail), Region - Forecast till 2027” valuation is poised to reach USD 7,982.2 Million by 2027, registering an 13.67% CAGR throughout the forecast period (2020–2027).