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 …
Tag Archives: Radio Frequency Identification Market size
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 …