Global RFID Market Projected to be Worth USD 15.84 Billion by 2021

LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global RFID market is projected to grow to USD 15.84 billion by 2021, at a CAGR of nearly 9% over the forecast period.

Acceliot

Category:

RFID Hardware

Passive RFID systems are expected to be worth over USD 3 billion by 2021, due to the revenue generated from RFID readers and dedicated antennas. Since a single RFID reader can read many multiple tags of different frequencies at the same time, it is finding increasing adoption.

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Shawn Manesh

Nov 25

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