The RFID in Retail Market is projected to grow from USD 10.1 billion in 2021 to over USD 26.5 billion by 2031, at a CAGR of 10.11%. RFID technology, which uses radio waves for data transmission, is increasingly vital in retail for automated identification and inventory management.
Passive RFID tags are expected to drive growth due to their cost-effectiveness and versatility in industries like retail, pharmaceuticals, and logistics.
Growth is fueled by changing consumer habits, the rise of curbside and remote selling, and heightened demand for contactless solutions post-COVID-19.
Major players include GAO RFID, Globe Ranger, Mojix, ORBCOMM, and Honeywell, focusing on innovation. Europe and the U.S. lead in adoption across retail, healthcare, and manufacturing sectors.