Flexible Electronics News

RFID Market Growing to $28.5 Billion in 2023

MarketsandMarkets estimates the RFID market at $16.95 billion in 2016, and is expected to grow at a CAGR of 7.7% between 2017

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By: DAVID SAVASTANO

Editor, Ink World Magazine

In its report, “RFID Market by Product (Tags, Reader, and Software), Wafer Size, Working (Passive, and Active), Frequency( Low, High, Ultra-high), Applications, Form Factor (Button, Card, Electronic Housing, Implants), Label Type, and Region – Global Forecast to 2023,” MarketsandMarkets values the RFID market at USD $16.95 billion in 2016. The firm sees the market growing at a CAGR of 7.7% through 2023.   Driven by lower prices of RFID tags, and increasing penetration of RFID technology ...

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