RFID Market – Trends Forecast Till 2028

The global RFID Market size is projected to reach a CAGR of 10.9% from USD 10.7 billion in 2021, during the forecast period 2021-2028.

RFID referred to as Radio Frequency Identification is a technology, that uses radio waves to read and gather the information stored on a tag attached to an object, animal, or human. It is similar to bar codes and yet, it does not require to be within the range of an RFID reader. RFID is used across construction, engineering, chemical industries, manufacturing, retail, logistics, and the public sector among others.