IDTechEx just published “RFID Forecasts, Players, and Opportunities 2022-2032“, estimating the global RFID valued at $11.6 billion in 2021, will rise to $12.2 billion in 2022. This includes labels, cards, fobs, and any other form factors, as well as tags, readers, and software/services for both passive and active RFID.
Although COVID put the brakes on so many industry segments, it also had a positive impact on the speed of the digital transition and RFID adoption. Retail, electronics, and supply chain and logistics, as well as the food industry, such as Quick-Service-Restaurant, have also received solid interest and investment. Contactless card sales remain the strongest, driven mostly by contactless payment, transportation, and secure access applications, with 2.6 billion cards demanded in 2021. It’s not all good news. Obstacles remain including chip shortages will be a problem in the immediate term.
Original Release: PR Newswire
