IDTechEx Discusses RFID Market Trends for 2023 and the Next Five Years - Seite 2

LF: In the LF sector, animal tagging (such as pigs, lambs, and pets) continues to be significant since it is still a legal obligation in many more regions, with 771 million tags being used in this sector in 2023.

Although the RFID market continues to grow, there are still challenges to tackle. The global supply chain issue that began in 2021 is still present, though the negative impact is not as severe as it once was. Because of the global economic slowdown, certain sectors have cut back on purchasing more RFID tags, potentially slowing the growth rate. In addition to these, a fragmented ecosystem across many sectors is one important issue that has long existed and must be addressed to see widespread RFID adoption. Retail apparel tagging can be successful primarily due to the industry having a stable solution ecosystem. Finally, education, regulation, and cost reduction are all areas in which RFID players must continue to work.

IDTechEx has studied the RFID market for almost 20 years. The latest version of their RFID market research report, "RFID Forecasts, Players and Opportunities 2023-2033", provides a comprehensive overview covering passive RFID (for UHF, HF, and LF frequencies), battery-assisted passive, active RFID, and chipless RFID technologies, players, and markets. The report presents an unbiased analysis of primary data gathered through interviews with key players throughout the value chain (many of whom supply data to us under non-disclosure agreements that allow us to aggregate the data into a total) as well as secondary data from all available sources, and it builds on IDTechEx's expertise in the RFID industry. This report gives extensive forecasts and depth that no other source can match.

To find out more, including downloadable sample pages, please visit www.IDTechEx.com/RFID.

About IDTechEx

IDTechEx guides your strategic business decisions through its Research, Subscription and Consultancy products, helping you profit from emerging technologies. For more information, contact [e-mail] or visit www.IDTechEx.com.

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