RFID Market Size to Worth USD 40.96 Billion by 2035

The growth rate of the RFID market in the United States and Europe is attributed to an increase in demand in such sectors as defense, retail, logistics, and inventory management among others. The value of the U.S. RFID Market is estimated to be around USD 4.20 billion in 2025, which will rise up to nearly USD 11.29 billion in 2035. 

Such growth rate is attributed to the RFID asset management system that has been put in place by the U.S. Department of Defense for purposes of military logistics and cargo tracking. In Europe, the RFID Market is forecasted to grow to USD 4.18 billion in 2025 and reach USD 10.92 billion in 2035. A growing use of RFID in the retail and apparel industries for increased item-level inventory accuracy is propelling the growth of the RFID market in the region.

Main structural growth drivers for the RFID industry consist of the current round of RFID deployments at the level of individual retail items that are gradually spreading outwards from the apparel industry where RFID labeling is an industry-wide standard adopted by most top international apparel retailers to other retail categories such as general merchandise, groceries, and consumer electronics where RFID's advantages of accurate inventory counting, reduced losses, and improved omnichannel fulfillment have created a compelling case for rolling RFID out across retail categories, thus driving the largest single-period increase in RFID tags deployed ever seen.