The global RFID tags for the asset tracking market is estimated to grow at a significant CAGR during the forecast period. RFID stands for Radio Frequency Identification that are tags that enables complex operations of tracking system to study and identify the object by using barcode and radiofrequency technologies. RFID tags work on a principle of radiowaves transmission from tags to scanners that are capable to send information and data to RFID Applications to detect and identify the object. The rising demand for rapid, secure and simple monitoring over any assets from shipping to delivery to prevent assets losses, applications integrate RFID Tags is also considered as a major market driver for the global RFID tags for Asset Tracking market. 

In addition, some factors such as real-time vehicle tracking, supply chain management and file management are growing at a faster pace which propels the demand for RFID tags, as they are capable to perform such activities. In addition, the rapidly increasing advancement in technologies with the emergence in productivity and functionality with improved data, durability and range and network security of RFID Tags is further projected to elevate the market growth. Additionally, the increasing advantages of RFID tags in medical equipment, toll payment transponder systems and other applications are anticipated to create new opportunities for the market and are expected to fuel the market growth.

Market Coverage

• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- 

o By Product Type

o By End User

• Competitive Landscape- Vizinex RFID, Bar Code Integrators (BCI), American Barcode, and CYBRA Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominates the market in base year?
• Which segment and region will project fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from pre-COVID forecast

o Most affected region and segment

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global RFID Tags for Asset Tracking Market Report Segment

By Product Type

o Metal 

o Liquid Tags 

By End User 

o M2M & IoT Companies 

o Logistics Service Companies 

o System Integration Companies 

o Smart City Integration Companies 

o Data Management & Analytics Companies 

o Asset Tracking Software & Services Companies

Global RFID Tags for Asset Tracking Market Report Segment by Region