The Global
#UHF and
#NFC #RFID #Tags #market soared to $6.72B in 2022, eyeing a leap to $24.33B by 2031, growing at a CAGR of 15.04%. This market spans labels, cards, fobs, and more, thriving on both active & passive RFID tech.
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The standout? Passive RFID Tags, claim over half the market. UHF tags, especially, are booming thanks to the retail apparel sector,
#holding a dominant 64% in volume & 69% in value. By 2023, nearly 50% of RFID labels are expected to deck retail apparel, tapping into a 25B tag market. This growth is fueled by affordability,
#infrastructure support, and better stock monitoring, propelling not just apparel but also electronics & home goods into the RFID era.
#RFIDMarket #TechTrends #RetailInnovation
