Because businesses demand better visibility and speed in their supply chains, the retail industry is rapidly using RIFD technology. Furthermore, the industry is concerned with retail efficacy and operational efficiency. An efficient supply chain guarantees that commodities are delivered on time and at the appropriate location. RIFD has a number of advantages, including lower labour expenses, lower inventory upkeep, and greater sales. As a result, these factors are projected to fuel growth in the RFID tags market in the United States over the forecast period. RFID technology has expanded the automated toll boot payments increase productivity. Consumers can drive immediately through a toll booth without having to queue up financial transactions or physically pay for toll payments. When a commuter passes, the toll amount is automatically deducted. As a result, these factors are projected to drive market expansion throughout the forecast period. Throughout the projected period, the extensive base of barcode systems is likely to impede the growth of the RFID tags market in the United States. Privacy policy concerns are projected to stymie the growth of the RFID tags market in the United States throughout the forecast period.
According to Coherent Market Insights, The U.S. RFID Tags Market was estimated to account for US$ 745.33 Million in terms of value in 2021 and is predicted to grow at a CAGR of 9.1% during the forecast period (2022 to 2030).
Key Players in the U.S. RFID Tags Industry :
1. RF Code Inc.
The company was founded in 1997, headquartered in Austin, U.S. The company is developer of environmental monitoring and asset management platform designed to reduce data center costs. The company's platform uses active radio-frequency identification (RFID) tracking and sensor technologies to manage IT assets and keep technology environments in an optimal state
2. AMS AG
Ams-OSRAM AG designs, manufactures, and sells LED and optical sensor solutions in Europe, the Middle East, Africa, the Americas, and the Asia/Pacific. The company operates through Semiconductor and Lamps & Systems segments. Ams-OSRAM AG was founded in 1981 and is headquartered in Premstätten, Austria.
3. Omni- ID Ltd.
Omni-ID is engaged in developing passive ultra-high radio frequency identification technology-related products. Acquired by HID Global, in August 2021. In April 1, 2019 Panasonic announced that it has acquired the ProVIEW solutions business unit from Omni-ID. The company was founded in 2007, headquartered in New York.
4. Impinj Inc.
Impinj is a provider of RAIN RFID solutions that deliver Item Intelligence to retail, pharmaceutical, healthcare, food and beverage, and many other industries. The company was founded in 2007, headquartered in Seattle. In June 2021, Impinj, Inc., introduced the E910 RAIN RFID reader chip for the next generation that enables IoT (Internet of Things) device markers to increase demand for item connectivity in retail, logistics and supply chain, consumer electronics, etc. E910 RAIN RFID includes E710, E510, and E310.
5. NXP Semiconductors N.V.
NXP Semiconductors N.V. offers various semiconductor products. It operates in China, the Netherlands, the United States, Singapore, Germany, Japan, South Korea, Taiwan, and internationally. NXP Semiconductors N.V. was incorporated in 2006 and is headquartered in Eindhoven, the Netherlands.
6. Alien Technology
Alien Technology supplies RFID technologies and products for apparel, item level tagging, transportation, life-sciences and many other apps. The company was founded in 1994, headquartered in California, U.S.
7. Invengo Information Technology Co., Ltd.
Invengo Information Technology Co., Ltd. provides radio frequency identification technology, products, and systems solutions in China and internationally. Invengo Information Technology Co., Ltd. was founded in 1993 and is headquartered in Shenzhen, China.
*Definition- A technique called radio-frequency identification (RFID), often known as an RFID transponder, is used to automatically identify various things, including humans, animals, automobiles, and other items. Little radio frequency identification devices called RFID tags are used for identification and tracking.
