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RFID tags consist of an included circuit (IC) connected to an antenna with commonly a small coil of wires plus a few protective packaging (like a plastic card) as decided by way of the application requirements. Tags are every so often known as 'transponders', and every so often are called inlays, even though technically an inlay is a tag set up on a ubstrate that is prepared to be converted into a smart label.
RFID tags consist of an included circuit (IC) connected to an antenna with commonly a small coil of wires plus a few protective packaging (like a plastic card) as decided by way of the application requirements. Tags are every so often known as 'transponders', and every so often are called inlays, even though technically an inlay is a tag set up on a ubstrate that is prepared to be converted into a smart label.
RFID tags are vital for businesses and organizations because they provide a fast, reliable, and automated way to track and manage assets. Unlike barcodes, RFID tags do not require direct line-of-sight scanning, making the process quicker and more efficient. RFID tags are used across a wide range of applications, from supply chain management and inventory control to security and healthcare.
The RFID Tags Market, valued at US$ 12,345.2 Million in 2023, is anticipated to grow to US$ 31,803.3 Million by 2033, with an estimated value of US$ 13,468.6 Million in 2024. The market is forecasted to grow at a CAGR of 9.1% from 2024 to 2033. Driven by the demand for automated data collection and inventory management in industries like retail and healthcare, RFID tags, which constitute 20% of the global RFID market, facilitate wireless identification and tracking, thereby enhancing supply chain efficiency and real-time asset tracking.
RFID tags are vital for businesses and organizations because they provide a fast, reliable, and automated way to track and manage assets. Unlike barcodes, RFID tags do not require direct line-of-sight scanning, making the process quicker and more efficient. RFID tags are used across a wide range of applications, from supply chain management and inventory control to security and healthcare.
On the basis of various frequencies and bandwidths RFID Tags & Cards are classified as Low Frequency (LF), High Frequency (HF) & Ultra High Frequency (UHF). These tags can be active tags, passive tags, read-only tags, read/write tags and mainly used for access control, data center management, file tracking, livestock tracking, and many other applications.
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RFID Market with COVID-19 Impact Analysis by Product Type (Tags, Readers, and Software and Services), Wafer Size, Tag Type (Passive Tags and Active Tags), Frequency, Applications, Form Factor, Material, and Region