RFID Antenna Market

RFID Antenna Market Size, Share, Growth (2023-2028)

RFID Antenna Market is expected to grow at a CAGR of 8.1%, from USD 43.94 billion in 2023 to USD 28.9 billion in 2028

RFID Antenna Market Overview

Radio Frequency Identification (RFID) is one of the fastest-developing technologies that offer wireless identification and tracking capability. The constant improvement of the network infrastructure has forced retailers to use e-commerce to increase their reach and revolutionize their customers' shopping experience. Retailers usually need real-time information about incoming products/merchandise for customers. The RFID antenna helps increase inventory visibility and provides accurate information on the movement of goods along the supply chain. Also, the increasing use of antennas and RFID systems by several companies to implement intelligent distributed order management systems and facilitate accurate inventory tracking is one of the key factors driving market growth. These antennas integrated with the RFID systems are selected based on radiation resistance, resistive losses, bandwidth, and impedance of the power supply. They transmit and emit electrical and magnetic properties, and operate in a wide range of frequencies to contain the reliability of the information collected. As a result, the security of RFID systems has increased over time, resulting in increased demand.The increase in Omnichannel retailing is the crucial aspect of driving the growth of the RFID antenna market. Besides, the growing need for effective supply chain management should support the growth of the market. Also, in the healthcare sector, RFID technology to track and classify medical devices is increasingly concentrated, which should stimulate the demand for RFID antennas.

RFID Antenna Market Growth:

Even the growing number of retail and distribution companies in several countries is driving the ever-increasing demand for these antennas. Companies use them as a part of security technology to avoid the risk of theft and loss. They are also increasingly adopting automated item identification systems for supply chain management to improve the efficiency of inventory allocation. The high cost of RFID systems over barcode systems is the main factor that is likely to slow the growth of the RFID antenna market shortly. Also, the lack of standardization is one of the main factors that can hinder the growth of business in the future. Besides, the lack of compatibility of such systems with existing technology also impedes the growth of the market. Furthermore, RFID tags use the concept of radio frequency, which may be affected by other frequency ranges of this product and may result in inaccurate readings.

REPORT COVERAGE

RFID Antenna Market Segmentation:

By Type

• Active RFID antenna

• Passive RFID antenna

By Application

• Logistic & Transportation

• Retail & Consumer Goods

• Automotive

• Government

• Healthcare & Medical

• Agriculture

• Farming & Livestock

• Aerospace & Defense

• Others

RFID Antenna Market Regional Analysis:

• North America

• Europe

• Asia Pacific 

• Latin America

• Middle East & Africa

Geographically, North America is expected to capture most of the world market, thanks to well-developed retail businesses and the presence of several RFID antenna manufacturers in the region. Europe and the Asia Pacific are also expected to win a substantial market share as several companies in these areas are adopting RFID antenna, in integration with cloud-based technology for monitoring real-time storage and data of RFID tagged products. Europe should be the fastest-growing market due to the growing automation of the health system to provide accurate and reliable data.

RFID Antenna Market Keyplayers:

1. Zebra Technologies Corporation

2. Omni-ID

3. GAO RFID Inc.

4. Impinj, Inc.

5. Alien Technology

6. Confidex Ltd.

7. Honeywell International, Inc.

8. Invengo Information Technology Co., Ltd.

9. NXP Semiconductors N.V.

10. HID Global Corporation