Global Radiofrequency Identification Market Size, Share, Revenue, Worth, Statistic 2030

Radio-Frequency Identification (RFID) Market size was valued at USD 16.12 billion in 2023 and the total Radio-Frequency Identification (RFID) revenue is expected to grow at a CAGR of 11 % from 2024 to 2030, reaching nearly USD 34.19 Billion by 2030.
Radio-Frequency Identification (RFID) Market Overview:

Radio Frequency Identification (RFID) is a form of wireless communication that incorporates the use of electromagnetic or electrostatic coupling in the radio frequency portion of the electromagnetic spectrum to uniquely identify an object, animal, or person. It uses radio frequency to search, identify, track, and communicate with items and people. It is a method that is used to track or identify an object by radio transmission over the web.