Connect with us

Technology

RFID Market worth $25.24 billion by 2033 – Exclusive Report by MarketsandMarkets™

Published

on

DELRAY BEACH, Fla., Jan. 13, 2025 /PRNewswire/ — The RFID market is expected to reach USD 25.24 billion by 2033, up from USD 12.61 billion in 2025, at a CAGR of 9.1% from 2025 to 2033 according to a new report by MarketsandMarkets™. The growth in the RFID market can be attributed to the increasing demand for automation and real-time tracking across retail, logistics & warehousing, healthcare, and manufacturing industries. Major drivers of growth of the market are an upsurge in demand for e-commerce and optimization of the supply chain, enrichment of asset tracking and solutions in inventory management, increasing precision and security through RFID technological advancements, and the growing adoption of contactless transactions.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=446

Browse in-depth TOC on “RFID Market” 
238 – Tables
76 – Figures
299 – Pages

RFID Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 12.61 billion

Estimated Value by 2033

$ 25.24 billion

Growth Rate

Poised to grow at a CAGR of 9.1%

Market Size Available for

2021–2033

Forecast Period

2025–2033

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Tag Type, Form Factor, Material, Frequency, Wafer Size, Application, Vertical, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Technical complexities and barriers affecting RFID adoption

Key Market Opportunities

Cost reduction in RFID tags

Key Market Drivers

Growing adoption RFID technology in retail and supply chain management

 The increasing demand for passive RFID tags and readers, RFID-IoT-cloud integration solutions, RFID initiatives by the government for various sectors, and smart city and Industry 4.0 initiatives are the major growth drivers for this market. The technology is becoming less expensive with time and has become more widely applicable in a broad range of industries.

Entertainment segment to grow at the highest CAGR in RFID market during the forecast period.

In the vertical segment of the RFID market, the entertainment sector is characterized by a phenomenal growth and will attain the highest CAGR during the forecast period. The growth in the entertainment sector is chiefly driven due to the rising adoption of RFID technology and enhancing customer experience, operational processes, and security at entertainment venues such as theme parks, stadiums, and theatres. RFID-enabled wristbands and tickets are widely utilized for access control, cashless payments, and personalized services, significantly improving visitor convenience and operational efficiency. In addition, RFID technology aids in inventory management and asset tracking for equipment, costumes, and props in production houses and live events. Immersive experiences, like interactive exhibits and escape rooms, further increase the pace of the adoption of RFID solutions for real-time engagement and data collection. Thus, as demand for seamless, secure, and data-driven entertainment grows, it is likely that the inclusion of RFID solutions will become essential and therefore will grow at a tremendous rate in this segment of the market.

12-inch to account for the highest CAGR in wafer size segment during the forecast period.

During the forecast period, the 12-inch segment in the RFID wafer size market is expected to grow at the highest CAGR. This growth will, however, be driven mainly by the demand for greater efficiency and performance in RFID applications. Larger wafers, such as the 12-inch, enable a far larger number of chips per wafer, reducing the per-unit cost of the individual chip and allowing greater volume. This requires additional wafer technology development as businesses such as logistics & warehousing, retail, and healthcare take up RFID-based technologies for asset tracking and authentication and inventory management purposes. The 12-inch wafers can support a higher density of chips and better performance and integration, which are critical to support the growth in RFID applications in various sectors. Moreover, the automation and digitization trend across industries is also fuelling the demand for more effective and cost-controlled RFID solutions. Companies are continuing to invest in advanced RFID systems, putting the 12-inch wafer segment in a good position for witnessing a reasonable share of growth, which is another factor driving the RFID market.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=446

Asia Pacific to account for largest market share during forecast period.

Asia Pacific is anticipated to remain the largest market for RFID, because of solid industrial growth, fast uptake of technology, and substantial investments in logistics, retail, and manufacturing. This, combined with heavy investment into infrastructure, with growing pressure on supply chain efficiency, has quickly led to adoption across diverse industries. In addition, growing demands of retail, healthcare, and automotive sectors for automation, real-time tracking, and inventory management further boosts adoption of RFID technology. Some key players in Asia Pacific like China, Japan, and South Korea have been leading the development of RFID technology; with the support of respective nation governments through considerable initiatives on smart cities and their economic digitalization. Rising use of RFID solutions within the IoT ecosystems and an expanding pattern of e-commerce and smart retail are also the market contributors. In addition, benign environments that are regulatory in nature as well as the presence of big brands of RFID manufacturers within this region add to competitive edges and continued expansion within this Asia Pacific RFID industry.

The report profiles key players in RFID companies such as include Zebra Technologies Corp. (US), Avery Dennison Corporation (US), Honeywell International Inc. (US), HID Global Corporation (US), Datalogic S.p.A. (Italy), Impinj, Inc. (US), GAO RFID Inc. (Canada), Alien Technology LLC (US), CAEN RFID S.r.l. (Italy), and Xemelgo, Inc. (US). These players have adopted various organic and inorganic growth strategies such as product launches, expansions, partnerships, collaborations, and acquisitions.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=446

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Electronic Toll Collection Market by Technology (RFID and DSRC), Offering (Hardware and Back Office), Application (Highways and Urban Areas), Type (Transponders/Tag-Based Tolling Systems) and Region – Global Forecast to 2029

RFID and Barcode Printer Market Size, Share & Industry Growth Analysis Report by Printer Type, Format Type (Industrial Printers, Desktop Printers, Mobile Printers), Printing Technology, Printing Resolution, Application, and Region – Global Growth Driver and Industry Forecast to 2026

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/rfid-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/radio-frequency-identification.asp

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/rfid-market-worth-25-24-billion-by-2033—exclusive-report-by-marketsandmarkets-302348961.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Caladium Systems Launches Happiffie, India’s First AI-powered Celebration Platform

Published

on

By

CHENNAI, India, July 24, 2026 /PRNewswire/ — Caladium Systems today announced the launch of Happiffie, India’s first AI-powered Celebration Growth Platform, introducing a smarter way for customers to discover, compare, book, and manage celebrations while helping businesses connect with high-intent customers through intelligent technology.

Designed for weddings, birthdays, corporate events, social celebrations, parties, festivals, and more, Happiffie brings together over 400 celebration occasions and 1,000+ celebration experiences on a single AI-powered platform.

India’s celebrations industry continues to rely heavily on referrals, manual coordination, inconsistent pricing, and fragmented vendor discovery. Happiffie addresses these challenges by combining AI-powered recommendations, transparent price discovery, secure bookings, payments, and event management into one seamless platform.

A key innovation is Happiffie’s Reverse Auction, where customers simply submit their celebration requirements and verified vendors compete by offering customised proposals. Instead of spending hours searching and negotiating, customers can compare multiple qualified offers and choose the vendor that best matches their preferences and budget.

“Customers can now book the experience of their choice with the vendor of their choice, in the budget of their choice. At the same time, vendors receive qualified business opportunities matched to their category, location and capabilities, creating value for both sides of the marketplace,” said Pradhyumna T Venkat, Founder & CEO, Happiffie.

“Every major industry eventually reaches a point where technology fundamentally changes how it operates. Travel did. Hospitality did. Mobility did. We believe celebrations are next,” added Pradhyumna.

The platform is powered by Experience Intelligence™, a proprietary framework that combines over 15 years of celebration industry expertise with Artificial Intelligence to deliver smarter recommendations based on customer intent, preferences, and celebration needs.

Whether planning a wedding, birthday, corporate event, baby shower, anniversary, or festival celebration, customers can manage the entire journey—from vendor discovery and quotations to payments and execution—through a single platform.

Alongside its launch, Happiffie has opened registrations for vendor partners across Chennai and Tamil Nadu, with a phased expansion planned across India. The platform aims to build one of the country’s largest AI-powered celebration ecosystems, helping businesses generate qualified leads and grow more efficiently.

“Our vision is not simply to build another marketplace but to create the technology infrastructure that powers celebrations. Reverse Auction is the first step towards building a smarter, more transparent, and AI-driven celebration economy that benefits both customers and businesses alike,” added Pradhyumna.

Built on the experience of planning and executing over 5,000 weddings and celebrations, Happiffie combines deep industry expertise with AI to simplify celebration planning and transform how India celebrates.

For more information, visit www.happiffie.com. Vendor registrations are now open at www.happiffie.com/vendor-registration.

About Happiffie

Happiffie is India’s first AI-powered Celebration Platform, connecting customers, venues, event professionals, and celebration businesses through one intelligent ecosystem. Built on over 15 years of industry expertise, the platform combines Artificial Intelligence with Experience Intelligence™ to deliver smarter celebration planning across more than 1,000 celebration experiences spanning weddings, corporate events, birthdays, social celebrations, parties, and festivals.

Contact

Pradhyumna T Venkat
Founder & CEO
pradhyumna@happiffie.com
+91-7299002990

Logo: https://mma.prnewswire.com/media/3007635/Happiffie_Logo.jpg

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/caladium-systems-launches-happiffie-indias-first-ai-powered-celebration-platform-302834017.html

Continue Reading

Technology

Beko Publishes 2025 Integrated Report, Charting Years of Progress Toward Net Zero

Published

on

By

As Beko releases its 2025 Integrated Report, the company’s third consecutive inclusion on TIME’s global sustainability ranking — retaining the #1 position in its industry — underscores the progress documented within it.

ISTANBUL, July 24, 2026 /PRNewswire/ — Beko published its 2025 Integrated Report, offering a comprehensive account of the company’s financial, environmental and social performance over the past year. In parallel, Beko has been named one of TIME Magazine’s World’s Most Sustainable Companies for the third year running, retaining the #1 position in its industry. The recognition, awarded in partnership with Statista, independently corroborates years of deliberate, measurable progress.

The report documents concrete results across Beko’s global manufacturing footprint. In 2025:

Energy efficiency projects across production sites saved 69,562 GJ of energy, avoiding 5,297 tonnes of CO₂e emissions.Waste recycling across all manufacturing facilities reached 98.6%, against a target of 99%.Renewable energy installed capacity reached 96 MWp, up from 90.2 MWp the prior year. Beko also reached 63.5% green electricity on the path to 100% across all manufacturing by 2030.Water efficiency and rainwater harvesting projects across locations delivered total water savings of 219,114 m3.

Behind these figures is a broader manufacturing transformation. Three of Beko’s manufacturing facilities have been recognised within the World Economic Forum’s Global Lighthouse Network, with the Ulmi plant earning the additional, and rarer, designation of Sustainability Lighthouse. The principles behind Ulmi’s approach are being extended across Beko’s broader manufacturing ecosystem, as the company scales low-impact production. Beko currently operates 13 smart factories globally — equipped with artificial intelligence, machine learning and robotics capabilities — with a target of 17 by the end of 2026.

On the circular economy side, Beko’s refurbishment centres across multiple locations reintroduced more than 148,000 appliances into the market in 2025 alone. The company recycled 1.98 million WEEE units through its own recycling facilities since 2014, and used 31,665 tonnes of recycled plastics in its products in 2025.

Across its product portfolio, 72.6% of Beko’s turnover in 2025 came from low-carbon products — a figure that reflects both the scale of the company’s energy-efficient product range and growing consumer demand for appliances that address environmental concerns.

“Being recognised by TIME three years in a row matters because it reflects that sustainability is a foundational part of Beko’s business,” said Can Dinçer, CEO of Beko. “Our factories undergo a twin transformation where we encounter both decarbonization and digitalization. That progress is deliberate and measurable, and our Integrated Report sets out exactly how. As the world prepares for COP31, the most credible thing a company can do is demonstrate its work rather than declare it. That is what we are doing.”

TIME’s annual list evaluates more than 5,000 companies worldwide across environmental and social performance, transparency and ESG reporting. Beko’s continued inclusion under increasingly rigorous standards points to a business model where sustainability is structurally embedded across operations, supply chains and product portfolios.

In addition to its Integrated Report, the Company has also published its second TSRS-compliant sustainability report, prepared in accordance with the Türkiye Sustainability Reporting Standards (TSRS), Türkiye’s adoption of the IFRS Sustainability Disclosure Standards issued by the International Sustainability Standards Board (ISSB). The report is publicly available and provides detailed disclosures on the company’s climate-related risks, opportunities, governance, strategy and performance.

About Beko

Beko is an international home appliance company with a strong global presence, operating through subsidiaries in more than 55 countries with a workforce of around 45,000 employees and production facilities spanning multiple regions—including Europe, Asia, Africa, and the Middle East. Beko has 22 brands owned or used with a limited license (Arçelik, Beko, Whirlpool*, Grundig, Hotpoint, Arctic, Ariston*, Leisure, Indesit, Blomberg, Defy, Dawlance, Hitachi*, Voltas Beko, Singer*, ElektraBregenz, Flavel, Bauknecht, Privileg, Altus, Ignis, Polar). Beko is the largest white goods company in Europe with its market share (based on volumes) and reached a consolidated turnover of 10.7 billion Euros in 2025. Beko’s 28 R&D and Design Centers & Offices across the globe are home to over 2,000 R&D employees and hold more than 4,500 international registered patent applications to date. The company has achieved the highest score in the S&P Global Corporate Sustainability Assessment (CSA) in the DHP Household Durables industry for the seventh consecutive year (based on the results dated 16 October 2025).** The company has been recognized as the 89th most sustainable company on TIME Magazine and Statista’s 2026 list of the World’s Most Sustainable Companies and has been the sector leader for three consecutive years. Beko’s vision is ‘Respecting the World, Respected Worldwide.’ 

www.bekocorporate.com

*Licensee limited to certain jurisdictions.
**The data presented belongs to Arçelik A.Ş., a parent company of Beko.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/beko-publishes-2025-integrated-report-charting-years-of-progress-toward-net-zero-302833974.html

SOURCE Beko

Continue Reading

Technology

JustMarkets Releases Market Analysis on How Foreign Exchange Markets React to CPI Surprises

Published

on

By

HO CHI MINH CITY, Vietnam, July 24, 2026 /PRNewswire/ — JustMarkets today released a new market analysis examining how foreign exchange markets react to Consumer Price Index (CPI) surprises and outlining key considerations for traders preparing for inflation data releases. The analysis explains why the gap between actual CPI data and market expectations, rather than the headline inflation figure itself, is often the primary driver of currency market movements.

What people often miss on CPI day is that the number itself isn’t what moves the market. The common reaction is to check whether the headline number is high or low, but it’s all priced in advance. According to JustMarkets, the real driver of EUR/USD is the gap between the actual number and what the market was positioned for.

Even an unchanged reading can cause dollar weakness if traders expect higher inflation, while weaker numbers that beat consensus expectations may drive dollar strength. Citing Federal Reserve research, the price driver is a surprise component rather than the headline.

Why the Expectation Gap Is More Important Than the Level

Forex is driven by expectations for interest rate decisions, with inflation impacting central bank policy. Key factors influencing this reaction include:

Main factors:

Monthly CPI and core CPICore services inflationRevisions to the previous period dataCentral banks policy pricing

Year-over-year data is less important in terms of price impact than monthly and core data.

How to Calculate Surprise

Start with the simplest metric: Surprise = Actual CPI − Consensus CPI. 

Consensus comes from the economic calendar’s forecast and reflects the market positioning. And then you need to check the market reaction through rates. The sequence typically runs: CPI surprise → change in front-end yields → USD movement → the sentiment adjustment.

Traders frequently employ this methodology in combination with the JustMarkets Economic Calendar to track high-impact releases in real time.

What the Intraday Move Actually Looks Like

CPI reactions usually happen in three stages. The first one is a headline shock with the potential algorithm’s reaction within a few seconds. Then comes the interpretation stage, with a time frame of 15-60 minutes and analysis of core numbers and yield confirmation. And then either continuation or reversal happens.

Approaches to Trading CPI Day

There are two common approaches to CPI.

The momentum approach requires the consistency of headlines and core surprises with yields’ confirmation. Most traders wait until the first minute’s candle is closed to avoid false signals.The fade approach requires dislocations like the absence of yield confirmation to FX movement or dislocations between headlines and core numbers. In this case, traders wait 10−20 minutes for exhaustion of the initial move and reversal setup search.

Risk management is crucial. Most traders limit their position size to 0.25%-0.50% of their equity because of widening spreads and slippage. Sometimes the decision to trade off is more optimal during extreme volatility than forced entry.

One Way to Prepare for the Next CPI Day Release

A simple way to get ready is to monitor EUR/USD, GBP/USD, USD/JPY pairs and an economic calendar with events’ importance. The workflow is simple: Economic calendar → release → Trading platform.

The final step brings traders to the execution platform. Many turn to JustMarkets, which offers CFDs on these currency pairs, with execution stability and fast market access that make it well suited for high-volatility macro events.

Disclaimer: For informational purposes only. Trading financial instruments involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and trade responsibly.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/justmarkets-releases-market-analysis-on-how-foreign-exchange-markets-react-to-cpi-surprises-302834023.html

SOURCE Just Global Markets Ltd

Continue Reading

Trending