In the current year of 2023, the radio frequency identification market is projected to be valued around US$ 25.9 billion. By 2033, the whole market is projected to have grown to US$ 122.6 billion, with a compound annual growth rate of 16.8%. One of the main reasons for the RFID market’s faster growth rate is …
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Global Radio Frequency Identification (RFID) Market is Set to Cross US$ 25.9 Bn in 2023 & Likely to Raise at a Stupendous CAGR of 16.8%, Crossing US$ 122.6 Bn by year 2033-end | Future Market Insights, Inc.
The global Radio frequency Identification market is estimated to be around US$ 25.9 Bn in the present year 2023. The overall market is expected to grow up to US$ 122.6 Bn by 2033, by registering a CAGR of 16.8%. Among the big factors for this higher growth rate of the RFID market is the growing need for this technology …
Global RFID Market Projects Phenomenal Growth, Expected to Reach $122.6 Billion by 2033
Future Market Insights (FMI) forecasts that the global Radio Frequency Identification (RFID) Industry is poised to reach an impressive valuation of US$ 25.9 Billion by 2023, with a remarkable 16.8% Compound Annual Growth Rate (CAGR) anticipated over the next decade. Driven by a surge in demand across various sectors, the market is projected to scale new …