RFID Market Set to Reach USD 29.06 Billion by 2030

The global RFID market is projected to grow from USD 16.73 billion in 2025 to USD 29.06 billion by 2030, reflecting a CAGR of 11.68% during the forecast period, according to a Mordor Intelligence report. The technology, long used in inventory tracking and logistics, is now seeing broader application across sectors such as retail, healthcare, and manufacturing. As costs continue to decline and integration with existing IT systems improves, RFID is increasingly being adopted as a foundational element for operational transparency and automation.

From inventory management to patient safety in hospitals, the technology is helping organizations reduce losses, improve efficiency, and meet growing expectations for visibility and control. With major retail chains mandating RFID adoption and healthcare providers investing in asset tracking, the market is expected to see strong growth in both developed and emerging regions.

Major retailers are using RFID to enable real-time inventory tracking, reduce shrinkage, and improve shelf availability. The push toward omnichannel fulfillment and in-store automation is driving widespread deployment of item-level RFID tagging.

Hospitals and pharmaceutical companies are implementing RFID to manage medical equipment, monitor drug inventories, and enhance patient safety. The technology helps reduce errors, ensure compliance, and improve efficiency in healthcare operations.

Falling prices of passive RFID tags are making it feasible for organizations to tag more individual items. This cost reduction is encouraging large-scale deployments in consumer goods, logistics, and manufacturing sectors.