Flexible Electronics News

RFID Industry Worth $40.9B by 2032: MarketsandMarkets

Logistics and supply chain applications are expected to hold the largest market share of the RFID tags market during the forecast period.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

MarketsandMarkets’ report, “RFID Market by Offering (Tags, Readers, Software & Services), Tag Type (Active, Passive), Wafer Size, Frequency (Low Frequency, High Frequency, Ultra-high Frequency), Form Factor, Material, Application and Region – Global Forecast to 2032,” projects the RFID market to grow at a CAGR of 11.1% from 2023 to 2032. The RFID market is projected to reach USD $40.9 billion by 2032 from USD $15.8 billion in 2023. The RFID market has a promising growth out...

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