Key Emerging Trends in RFID Market
The global RFID market is projected to grow from USD 10.7 billion in 2021 to USD 17.4 billion by 2026; it is expected to grow at a CAGR of 10.2% from 2021 to 2026. The key factors fueling the growth of this market include growing market competitiveness leading to availability of cost-effective RFID solutions, high returns on investment, increasing regulations and government initiatives for various industries, and increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19. The RFID market is dominated by key global established players such as Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, Impinj, HID Global, GAO RFID, Identiv, Invengo, and Nedap. These companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, partnerships, collaborations, expansions, and acquisitions to strengthen their position in the market. To know about the assumptions considered for the ...