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UHF RFID Tags Market, Global Outlook and Forecast 2024-2030

UHF RFID Tags Market, Global Outlook and Forecast 2024-2030

  • Published on : 21 November 2024
  • Pages :125
  • Report Code:SMR-8019380

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Report overview

The global UHF RFID Tags market size was valued at US$ 2.34 billion in 2024 and is projected to reach US$ 4.56 billion by 2030, at a CAGR of 11.8% during the forecast period 2024-2030.
The United States UHF RFID Tags market size was valued at US$ 678.9 million in 2024 and is projected to reach US$ 1.28 billion by 2030, at a CAGR of 11.2% during the forecast period 2024-2030.
UHF RFID Tags are ultra-high frequency radio-frequency identification devices used for tracking and identifying items in supply chain, retail, and industrial applications.
The global market is growing rapidly, driven by supply chain digitalization and retail automation. In 2023, unit shipments reached 25 billion tags globally, with retail sector accounting for 40% of demand. The market saw a 35% increase in sensor-integrated tag adoption in 2023. Passive tags dominate with an 85% market share, while active tags are growing at 18% annually. Asia Pacific leads with a 45% market share and is the fastest-growing region at 13.2% CAGR. The industry is focusing on developing printable electronics, with a 40% growth in R&D investments for cost-effective manufacturing technologies.
Report Overview Radio Frequency Identification (RFID) tags or transponders are small devices that utilize low-power radio waves to receive, store, and transmit data to nearby readers. RFID tags are comprised of the following main components: a microchip or integrated circuit (IC), an antenna, and a substrate or protective material layer that holds all the components together. There are three basic types of RFID tags: passive, active, and semi-passive or battery-assisted passive (BAP). Passive RFID tags do not have an internal power source, rather, they are powered by the electromagnetic energy transmitted from an RFID reader. Active RFID tags have their own transmitter and power source on-board the tag. Semi-passive or battery-assisted passive (BAP) tags are comprised of a power source incorporated into a passive tag configuration. Additionally, RFID tags operate in three frequency ranges: Ultra-High Frequency (UHF), High Frequency (HF), and Low Frequency (LF). This report study the UHF RFID Tags market. This report provides a deep insight into the global UHF RFID Tags market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc. The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global UHF RFID Tags Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market. In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the UHF RFID Tags market in any manner. Global UHF RFID Tags Market: Market Segmentation Analysis The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments. Key Company SMARTRAC Avery Dennison Inc. Shang Yang RFID Technology Alien Technology Shanghai Inlay Link Invengo XINDECO IOT D&H SMARTID Identiv Junmp Technology NETHOM Sense Technology Market Segmentation (by Type) UHF Dry Inlay RFID Tags UHF Wet Inlay RFID Tags Market Segmentation (by Application) Retail Asset Management/Inventory/Documents Logistics Others Geographic Segmentation