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RFID market is worth $8.89 billion in 2014 and is expected to rise to $27.31 billion in the next decade

This report provides the key data and analysis of extensive research including interviews with RFID adopters and solution providers in the various applicational RFID markets, giving an unprecedented level of insight into the total RFID industry and what is really happening.

In 2014, the total RFID market is worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors.

IDTechEx forecast that to rise to $27.31 billion in 2024.

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In retail, RFID is seeing rapid growth for apparel tagging - that application alone demands 3 billion RFID labels in 2014 - which still has some way to go with RFID penetrating about 7% of the total addressable market for apparel in 2014. RFID in the form of tickets used for transit will demand 700 million tags in 2014.

The tagging of animals (such as pigs, sheep and pets) is now substantial as it becomes a legal requirement in many more territories, with 425 million tags being used for this sector in 2014. This is happening in regions such as China and Australasia.

In total, 6.9 billion tags will be sold in 2014 versus 5.8 billion in 2013.

Most of that growth is from passive UHF RFID labels, with UHF tag sales overtaking HF and LF tag sales by volume in 2012.

However, in 2013 UHF tag sales by value will only be 11% of the value of HF tag sales.

Passive UHF market data segments - 10 year forecast

  • Retail apparel and footwear
  • Retail-other
  • Logistics, conveyances, roll cages
  • Asset management/inventory
  • Medical/health care
  • Air baggage and cargo
  • Access control/ticketing
  • Embedded
  • People
  • Other

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Passive HF RFID market data segments - 10 year forecast :

  • Contactless cards/fobs
  • Smart tickets
  • Books
  • Medical
  • Assets/tools
  • Passports
  • People
  • NFC applications
  • Other

Passive LF market data segments - 10 year forecast :

  • Livestock and pets
  • Access control
  • Vehicle immobilizers
  • Medical
  • People
  • Other

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