United States (USA) Radio-Frequency Identification (RFID) Market Research Report, 2029

The RFID industry in the United States has experienced consistent growth. The market has been expanding across various sectors, including retail, healthcare, logistics, and manufacturing. RFID technology is widely used for many different purposes, such as contactless payments, asset monitoring, access control, and supply chain optimisation. The industry is growing as a result of this range of uses. The retail industry in the United States has been a major adopter of RFID technology. Retailers use RFID for inventory management, reducing out-of-stock instances, and enhancing the overall efficiency of supply chain operations. RFID plays a crucial role in providing real-time visibility into the supply chain. This increased visibility helps organisations streamline logistics, reduce errors, and improve overall operational efficiency. The healthcare sector in the United States has embraced RFID technology for applications such as patient tracking, asset management, and the tracking of pharmaceuticals and medical equipment. RFID aids in improving patient care and optimising hospital operations. The adoption of RFID technology has helped U.S. businesses remain competitive on a global scale by improving their supply chain visibility, efficiency, and responsiveness. RFID technology contributes to cost reduction by improving operational efficiency, reducing manual errors, and minimising the time required for tasks such as inventory counting. The growth of e-commerce has further fueled the demand for RFID technology. Retailers and logistics companies leverage RFID to improve order fulfilment processes, reduce errors, and enhance the overall customer experience. According to the research report "United States Radio-Frequency Identification (RFID) Market Research Report, 2029," published by Actual Market Research, the United States Radio-Frequency Identification (RFID) market is anticipated to grow with more than 7% CAGR from 2024 to 2029. Retailers use RFID for efficient inventory management. RFID tags on products enable quick and accurate tracking of stock levels, reducing instances of out-of-stock items and improving the overall customer shopping experience. The growth of e-commerce has driven the demand for RFID in warehousing and fulfilment centers. RFID helps streamline order processing, reduce errors, and enhance the efficiency of fulfilment operations. Government initiatives and regulations related to supply chain traceability and security have driven the adoption of RFID. For example, requirements in the defence and aerospace industries often mandate the use of RFID for asset tracking. RFID technology improves efficiency in manufacturing by enabling better tracking of raw materials, work-in-progress, and finished goods. This results in streamlined production processes and reduced operational costs. RFID technology enhances supply chain visibility by providing real-time tracking and monitoring of goods. This capability helps companies optimise their supply chain operations, reduce inefficiencies, and improve overall logistics management. The push for supply chain modernization and optimisation is a significant driver of RFID adoption in the USA. RFID technology enables real-time tracking and monitoring of goods throughout the supply chain, enhancing visibility, reducing errors, and improving overall efficiency. Based on the product types, there are segmented tags, readers, and software and services; among them, tags is contributes the market, and RFID tags serve as the foundational element of RFID systems. Tags are attached to objects or products and contain unique identifiers that can be wirelessly communicated to RFID readers. This identification capability is essential for various applications across industries. In the retail sector, RFID tags are extensively used for inventory management. Each product is tagged with an RFID label, allowing retailers to automate the tracking of stock levels, conduct faster and more accurate inventory counts, and reduce instances of out-of-stock items. Ongoing technological advancements in RFID tags, such as improvements in form factors, read ranges, and durability, contribute to their widespread adoption. Smaller, more durable, and cost-effective RFID tags enable broader integration across industries. In terms of the tag types active and passive, active RFID tags have longer read ranges compared to passive tags. This makes them particularly well-suited for applications where it's necessary to track assets or monitor movement over larger distances, such as in logistics and large-scale facilities. Active RFID tags can be equipped with sensors to detect environmental conditions or trigger events based on specific criteria. This makes them valuable in applications where not only location but also environmental parameters need to be monitored, such as in cold chain logistics. According to the frequency, it is segmented into low frequency, high frequency, and ultra-high frequency. Among them, high frequency leads the market in the USA. HF RFID is commonly used in ticketing systems for public transportation, including buses and trains. The short-range communication is suitable for quick and efficient validation of tickets during boarding. Furthermore, HF RFID is employed in libraries and asset tracking systems where close-range identification is needed. Books, documents, and assets equipped with HF RFID tags can be easily scanned and tracked within short distances. 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 the USA, the Logistics & Supply Chain is a growing market. RFID technology significantly improves accuracy in inventory tracking compared to manual or barcode-based systems. This reduction in errors is crucial for preventing discrepancies in inventory levels and ensuring that the right products are delivered to the right locations. Furthermore, RFID tags are used for tracking assets, including containers, pallets, and individual products, as they move through the supply chain. This facilitates efficient asset management, allowing companies to optimise the utilisation of resources. Considered in this report: • Geography: United States • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

What's Inside a Actual Market Research`s industry report?

Asia-Pacific dominates the market and is the largest and fastest-growing market in the animal growth promoters industry globally

Download Sample

Aspects covered in this report: • United States 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

Make this report your own

We're excited to discuss your needs and our solutions. Let's schedule a call.

Ask an Expert

Kripa Shah

Senior Analyst

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.

Don’t pay for what you don’t need. Save 30%

Customise your report by selecting specific countries or regions

Specify Scope Now

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.