The U.S. RFID tags market is estimated to be valued USD 5.08 Bn in 2024 and is expected to reach USD 10.50 Bn by 2031, growing at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

Report Description:

The radio-frequency identification (RFID) tags market in the U.S. has been witnessing steady growth over the past few years. RFID technology involves using electromagnetic fields to automatically identify and track tags attached to objects. They are widely used across various industries like retail, manufacturing, healthcare, transportation & logistics. Rising demand for improved efficiency, optimized inventory management, and supply chain visibility are some key factors propelling the market growth. Higher returns on investment associated with adopting RFID solutions and growing emphasis on asset management are further augmenting the demand. However, concerns around data security and privacy issues present challenges for widespread adoption of RFID tags. Nonetheless, the market is expected to grow significantly with ongoing technological advancements making tags smaller, more efficient, and affordable.

Market Dynamics:

The U.S. RFID tags market is driven by robust demand across industries like retail, healthcare, transportation & logistics. Government regulations mandating the implementation of RFID systems for efficient asset tracking is also propelling the market growth. The growing need to optimize inventory management, improve supply chain visibility, and counter rising theft & shrinkage issues works as a key driver. However, high initial installation and technology migration costs limit the adoption of RFID systems. In addition, data security & privacy concerns regarding employee and customer profiling using RFID tags restrain the market growth to some extent. The emergence of IoT further opens up opportunities with possibilities of integrating RFID tags with various connected devices. Advancements in ultra-wideband (UWB) technology would allow for more accurate real-time location tracking and presents attractive growth prospects.

Key Features of the Study:

- This report provides an in-depth analysis of the U.S. RFID tags market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year

- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market

- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

- It profiles key players in the U.S. RFID tags market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies

- Key companies covered as a part of this study include Alien Technology, AMS AG, Avery Dennison Corporation, Confidex Ltd., HID The U.S. Corporation, Impinj Inc., Invengo Information Technology Co., Ltd., NXP Semiconductors N.V., Omni-ID Ltd., and RF Code Inc.

- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

- The U.S. RFID tags market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the U.S. RFID tags market

Detailed Segmentation-

• By Type
• • Active RFID`
  • Passive RFID
• By Product Type
• • Healthcare tags
  • Commercial tags
  • Correctional tags
  • Others
• By End-use Industry
• • Healthcare
  • Retail
  • Automotive
  • Logistics and Transportation
  • Surveillance and Security
  • Others
• Key Players
• • Alien Technology
  • AMS AG
  • Avery Dennison Corporation
  • Confidex Ltd.
  • HID The U.S. Corporation
  • Impinj Inc.
  • Invengo Information Technology Co., Ltd.
  • NXP Semiconductors N.V.
  • Omni-ID Ltd.
  • RF Code Inc.