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IDTechEx forecasts a market value for RFID of US$14 billion in 2023, up from US$12.8 billion in 2022.
May 9, 2023
By: DAVID SAVASTANO
The RFID industry is expected to maintain its growth trajectory, with IDTechEx forecasting a market value of US$14 billion in 2023, up from US$12.8 billion in 2022. This market value encompasses various RFID form factors, including labels, cards, fobs, and tags, as well as scanners, software, and services for both active and passive RFID technologies. Among these, the Passive RFID Tags segment stands out as the largest, comprising more than half of the total RFID market. This article will pro...
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