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

The benefits of RFID technology are becoming more widely recognized, which is driving the steady growth of the Radio-Frequency Identification (RFID) market in South Africa. It has a lot of room to grow even though it isn't as developed as some of the top markets just yet. The large mining sector in South Africa has serious problems with asset tracking and safety. RFID improves security and deters theft by providing real-time view of subterranean workers and equipment. This is especially important when it comes to minerals and precious metals. The healthcare system in South Africa faces challenges such as pharmaceutical theft and counterfeit drugs. RFID tags on drugs and medical equipment can guarantee correct tracking and authentication, protecting patients and facilities. With a high rate of adoption of mobile money services like M-Pesa, South Africa leads the world in this regard. Toll collection, retail purchases, and access control are just a few of the creative uses for RFID integration with mobile payment systems. Through encouraging legislation and experimental programs, the South African government has aggressively encouraged the use of RFID. This includes programs that promote broader market acceptability, such as identity documents and automobile registration facilitated by RFID. Aware of the substantial initial investment required, South African businesses are creating reasonably priced RFID solutions customized for the regional market. Investigating choices such as regional production and open-source software falls within this category. The government of South Africa has expressed interest in encouraging the use of RFID technology, especially in industries like agriculture and livestock management. RFID tagging improves agricultural productivity and food safety by being used for disease prevention, animal identification, and monitoring. According to the research report "South Africa Radio-Frequency Identification (RFID), 2029," published by Actual Market Research, the South Africa Radio-Frequency Identification (RFID) Market is expected to grow more than CAGR of 9% from 2024 to 2029. Safety and asset monitoring are major issues facing South Africa's mining sector. Real-time subsurface visibility is made possible by RFID tags on personnel and equipment, which increase security and deter theft, a critical aspect when it comes to precious metals and minerals. Through encouraging legislation and pilot programs, the South African government aggressively encourages the implementation of RFID. Wider market acceptability is fostered by initiatives like as identity documents and vehicle registration facilitated by RFID. RFID is developing to include more security features like tamper-evident tags, authentication methods, and encrypted data transmission. In South Africa's RFID implementations, these security improvements support asset protection, thwart unwanted access, and guarantee data privacy compliance. South African suppliers of RFID systems provide localization and customization services to satisfy particular regional needs and industry standards. Customized solutions take into account language preferences, operational difficulties specific to the South African market, and regulatory compliance. Environmental measures in South Africa are in line with sustainable RFID practices, which include recyclable packaging, energy-efficient reader technologies, and environmentally friendly tag materials. Green RFID systems reduce carbon emissions and encourage environmental responsibility in asset tracking and supply chain management.

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Based on the Product type the market is divided into Tags, Readers, and Software & Services. It is projected that passive tags would grow in market share and compound annual growth rate (CAGR). The main factor contributing to this segment's substantial market presence is how much less expensive passive tags are than active ones. The most widely used RFID tags are cards and labels, and they are used for a number of functions, including as asset labeling, payment applications, access control, and identification. RFID tags that are passive rely on the electromagnetic waves that RFID readers transmit to power them rather than an external power source like a battery. RFID readers use their antennas to generate a low-power radio signal that, when received, activates the tag. The tag then communicates with the reader to confirm and exchange data. The transmission range of passive tags is often less than 10 feet, in contrast to that of active tags. Compared to active tags, these tags have the advantages of being less expensive, smaller, and easier to make. Based on the Tag Type the market is divided into Passive, Active. In fact, the South African Radio-Frequency Identification (RFID) market is seeing a boom in the popularity of the Passive sector. Compared to active RFID systems, passive RFID systems require less complicated infrastructure because they don't need onboard power sources or complicated communication protocols. Because of the streamlined infrastructure, passive RFID systems are now more affordable and easier to implement for South African businesses. Passive RFID solutions help create a more sustainable future by doing away with the need for batteries and cutting down on technological waste. In order to ensure interoperability and compatibility with RFID infrastructure and systems implemented by enterprises in South Africa, passive RFID technology complies with industry standards and protocols. Adherence to industry standards enables smooth integration and interchange of data between value and supply chains. Based on the Frequency the market is divided into Low Frequency (30 KHz to 300 KHz), High Frequency (3 to 30 MHz), and Ultra-High Frequency (300 MHz to 3GHz). The High Frequency (HF) segment (3-30 MHz) of the Radio-Frequency Identification (RFID) market in South Africa is expanding rapidly, providing distinct benefits that appeal to a wide range of industries. High Frequency (HF) tags have a far greater read range typically up to one meter—than Low Frequency (LF) tags. Applications such as contactless payments, inventory management, and access control are now possible. Higher data integrity is possible with HF tags than with LF tags, making them perfect for secure data transfer and identification in applications like smart cards, e-passports, and ticketing systems.

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Kripa Shah

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Based on the Application type the market is divided into Retail Healthcare, Logistics & Supply Chain, Transportation, Aerospace & Defense, Animal Tracking/Agriculture, Commercial Security and Access Control, Others (Apparel, Food, Sports, Ticketing, etc.). In the Radio-Frequency Identification (RFID) market in South Africa, the retail sector is becoming more significant. When it comes to inventory management, RFID technology provides South African merchants with a more accurate and efficient approach than human counting or barcode scanning. RFID makes it possible to trace products in real time along the whole supply chain, which lowers the likelihood of stock outs and overstocks and increases inventory accuracy. Retailers in South Africa can improve their efforts at asset protection and loss prevention by utilizing RFID technology. Retailers may track inventory movements, prevent theft, and more accurately identify shrinkage issues by tagging items with RFID tags. This helps to lower losses and increase profitability. Considered in this report: • Geography: South Africa • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • South Africa 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

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By Product type: • Tags • Readers • Software & Services • Others By Tag Type: • Passive • Active By Frequency: • Low Frequency (30 KHz to 300 KHz) • High Frequency (3 to 30 MHz) • Ultra-High Frequency (300 MHz to 3GHz) By Application: • Retail • Healthcare • Logistics & Supply Chain • Transportation • Aerospace & Defence • Animal Tracking/Agriculture • Commercial • Security and Access Control • Others (Apparel, Food, Sports, Ticketing, etc.) 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.