Global RFID Tags Sector Expected to Reach $12.8 Billion by 2030

The global market for RFID Tags estimated at US$12.6 Billion in the year 2022, is projected to reach a revised size of US$12.8 Billion by 2030, growing at a CAGR of 0.3% over the analysis period 2022-2030.

Active RFID Tags, one of the segments analyzed in the report, is projected to record 1.4% CAGR and reach US$8.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Passive RFID Tags segment is readjusted to a revised -1.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $3.2 Billion, While China is Forecast to Grow at 5.5% CAGR

The RFID Tags market in the U.S. is estimated at US$3.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.9 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -2.8% and 1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately -1.7% CAGR.