![]() ![]() Ultra-high-frequency (UHF) tags segment of the RFID market is projected to register the highest CAGR during the forecast period This is another key reason for the growth of the RFID market for passive tags. The penetration of RAIN RFID has further boosted the market of ultra-high-frequency passive tags, as this frequency is globally adaptable by manufacturers and customers. The factors contributing to the growth of passive tags in these applications are the low cost of tags and their increasing precision in data storage and reading distance. The market for passive tags is expected to grow in applications such as retail, supply chain, transportation, aerospace, and sports. ![]() The passive tags segment is projected to register a larger market share by 2026. Passive tags segment is projected to register a larger market share by 2026 This is the main reason due to which the market for tags is the largest. Additionally, with the rising number of assets, the installation of tags increases however, existing readers can be used to scan new tags. The number of tags installed is much higher than the number of readers and software used in the RFID ecosystem of an organization. Due to this, the segment captured the largest share of the market in 2020. Tags are the key components in an RFID solution and make up for the major part of the market due to bulk and multiple applications. The tags are projected to be the largest segment of the RFID market, by products. Tags are projected to be the largest segment of the RFID market during the forecast period Moreover, increasing installation of RFID systems in manufacturing units to improve productivity due to COVID-19 could play a key role in driving the growth of the RFID market. The market has a promising growth potential due to several factors, including growing market competitiveness leading to the availability of cost-effective RFID solutions, high returns on investment, and increasing regulations and government initiatives for various industries. The global RFID market size is estimated to be USD 10.7 billion in 2021 and is projected to reach USD 17.4 billion by 2026, at a CAGR of 10.2% during the forecast period. Dublin, Ma(GLOBE NEWSWIRE) - The "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 - Global Forecast to 2026" report has been added to 's offering. ![]()
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