China Radio-Frequency Identification (RFID) Market Research Report, 2029

China has undergone a remarkable evolution, positioning itself at the forefront of technological advancements and widespread adoption. Characterised by a dynamic economy, a robust manufacturing sector, and a burgeoning interest in cutting-edge technologies, China has embraced RFID solutions across various industries, contributing to the market's significant growth. RFID, which uses radio waves to identify and track objects, has found diverse applications in the country, ranging from supply chain management and logistics to retail, healthcare, and beyond. The immense scale of China's manufacturing and trade activities has propelled the adoption of RFID technology to enhance operational efficiency, optimise supply chains, and ensure product authenticity. China has witnessed rapid growth in the adoption of RFID technology across various industries. The market has expanded significantly, driven by the country's focus on technological innovation and its position as a global manufacturing and trading hub. The Chinese government has actively supported the development and adoption of RFID technology. Initiatives and policies have been introduced to encourage the integration of RFID in industries such as logistics, healthcare, retail, and manufacturing. Due to China’s status as a manufacturing powerhouse, RFID plays a crucial role in optimising production processes, ensuring quality control, and managing the supply chain efficiently. The technology is widely used in tracking and tracing goods through the manufacturing lifecycle. According to the research report "China Radio-Frequency Identification (RFID) Market Research Report, 2029," published by Actual Market Research, the China Radio-Frequency Identification (RFID) market was valued at more than USD 2 Billion in 2023. China's role as a global manufacturing hub drives the demand for RFID in optimising production processes and enhancing supply chain efficiency. RFID technology is used for real-time tracking of goods, reducing errors, and ensuring smooth logistics operations. The Chinese government actively supports technology adoption, including RFID. Various initiatives and policies encourage businesses to integrate RFID solutions for improving operational efficiency, enhancing traceability, and complying with industry standards. The rapid growth of the e-commerce sector in China fuels the demand for RFID in logistics and warehouse operations. RFID technology enables accurate inventory management, order fulfilment, and efficient handling of high volumes of goods. Furthermore, China's focus on building smart cities and integrating Internet of Things (IoT) technologies drives the demand for RFID in various applications, including transportation, access control, and asset tracking for urban planning. The booming e-commerce sector in China has driven the demand for RFID in logistics and supply chain operations. RFID technology is utilised for inventory management, order fulfilment, and streamlining the movement of goods within vast warehouse facilities.

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Based on the product types, there are segmented tags, readers, and software and services; among them, tags are a growing market. China's prominence as a global manufacturing hub has led to the widespread use of RFID tags to optimise production processes and enhance supply chain efficiency. RFID tags facilitate real-time tracking of goods, reduce errors in inventory management, and improve overall logistics operations. RFID tags enable accurate and efficient tracking of inventory, improve order fulfilment processes, and contribute to the overall efficiency of the e-commerce supply chain. Furthermore, RFID tags are employed for product authentication and anti-counterfeiting measures in various industries. In China, where counterfeit goods can be a significant issue, RFID tags help verify the authenticity of products, ensuring consumer safety and brand protection. In terms of the tag types, active and passive, passive is the leading market. According to the frequency, it is segmented into low frequency, high frequency, and ultra-high frequency. Among them, low-frequency is a growing market, and LF RFID is often used in applications where close proximity reading is sufficient. It is suitable for short-range identification purposes, making it ideal for applications like access control systems, animal tagging, and asset tracking within a limited distance. Furthermore, LF RFID is commonly used in access control systems for secure entry into buildings, offices, and restricted areas. The technology provides a convenient and contactless way for individuals to gain access through RFID-enabled cards or key fobs. Furthermore, in environments where a controlled and short-range reading is sufficient, LF RFID is used for asset tracking. This could be in settings like laboratories, warehouses, or manufacturing facilities where the tracking of assets within close proximity is necessary. Based on the end user, they are bifurcated into Retail, Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defence, Animal Tracking/Agriculture, Commercial, Security & Access Control, and Others, among them in China. The transportation market is growing, and China has been actively pursuing smart transportation initiatives as part of its broader focus on building smart cities. RFID technology plays a pivotal role in creating intelligent transportation systems that enhance connectivity, data sharing, and efficiency. RFID is widely used in automated toll collection systems on highways and motorways in China. RFID tags, often mounted on vehicles' windscreens, enable seamless and contactless payment of tolls, reducing congestion and improving the overall flow of traffic. Considered in this report: • Geography: China • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Kripa Shah

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Aspects covered in this report: • China Radio-Frequency Identification (RFID) market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Products Types: • Tags • Readers • Software & Services By Tag Types: • Passive • Active

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By Frequency Types: • Low Frequency • High Frequency • Ultra-High Frequency By End User • Retail • Healthcare • Logistics & Supply Chain • Transportation • Aerospace & Defense • Animal Tracking/Agriculture • Commercial • Security and Access Control • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Radio-Frequency Identification (RFID) industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.