RFID tags can be attached to patients' wristbands or belongings to track their location and status. It helps prevent patient abductions and improve patient care. RFID tags can be attached to medication bottles to track their inventory and ensure patients receive the correct medications. It prevents medication errors, which can be harmful to patients. In August 2021, Terso Solutions, Inc. deployed its RAIN Radio Frequency Identification (RAIN RFID) solutions in nearly 1,000 healthcare facilities in the US. The solution provides real-time visibility and can be integrated into existing EHR/ERP systems through the cloud-based software of Terso Solutions, Inc. Additionally, in February 2022, Impinj, Inc. stated that it had joined the DoseID Consortium to increase its emphasis on RAIN radio-frequency identification (RAIN RFID) applications in the healthcare industry. Also, to take part in developing RAIN RFID standards, Impinj, Inc. collaborates with healthcare providers utilizing its RAIN RFID technology to create solutions that enhance patient care, save costs, and boost efficiency by automating systems that protect patients and employees and better manage assets and inventory. The benefits of RFID deployment boost the adoption of RFID technologies in the healthcare industry.
RFID can be used to track inventory in real time, which can help retailers to improve their inventory accuracy and reduce stockouts. RFID can prevent theft and fraud by deterring shoplifters and ensuring that only authorized personnel can access inventory.
The North America RFID market is further segmented into the US, Canada, and Mexico. RFID can be used in omnichannel retail businesses to improve customer experience, enhance efficiencies, and reduce costs. RFID can be used to track items in stores so that customers can easily pick up the products for which they have placed online orders, which saves them time. The PUMA SE is deploying RFID technologies in its stores to enhance the customer experience. In October 2022, Nedap N.V. partnered with PUMA SE in North America for the RFID rollout. It has deployed the RFID technologies in 135 PUMA SE stores across the region to allow the store operators to keep regular stock counts and ensure efficient replenishment. These solutions enable smart refill suggestions and data-driven loss prevention.
In October 2020, Fujitsu Frontech North America Inc launched its RFID for the garment and uniform rental businesses. With its UHF RFID garment tags, garment companies can enable sophisticated garment tracking and asset management. These are transparent, washable tags with a thickness of 0.6 mm. Such product launches and partnerships encourage the adoption of RFID technologies in North America.
North America RFID Market Revenue and Forecast to 2030 (US$ Million)
The North America RFID market is segmented into type, frequency band, end user, product, offering, application, and country.
Based on type, the North America RFID market is segmented into active and passive. The passive segment held the larger share of the North America RFID market in 2023.
Based on frequency band, the North America RFID market is segmented into low frequency, high frequency, and ultrahigh frequency. The high frequency segment held the largest share of the North America RFID market in 2023.
Based on end user, the North America RFID market is segmented into public sector, healthcare, education, sports & recreation, hospitality, residential, BFSI, manufacturing, telecommunications, and others. The hospitality segment held the largest share of the North America RFID market in 2023.
Based on product, the North America RFID market is segmented into cards, key fob, smartphones, band, and others. The cards segment held the largest share of the North America RFID market in 2023.
Based on offering, the North America RFID market is segmented into tags, readers, and software & services. The tags segment held the largest share of the North America RFID market in 2023.
Based on application, the North America RFID market is segmented into parcel & mailboxes, lockers, ticketing, and others. The others segment held the largest share of the North America RFID market in 2023.
Based on country, the North America RFID market is segmented into the US, Canada, and Mexico. The US dominated the share of the North America RFID market in 2023.
Assa Abloy AB; dormakaba Holding AG; Honeywell International Inc; Impinj Inc; MIWA LOCK Co Ltd; OMRON Corp; Siemens AG; and Zebra Technologies Corp are the leading companies operating in the North America RFID market.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 6,379.62 Million |
| Market Size by 2030 | US$ 12,539.19 Million |
| CAGR (2023 - 2030) | 10.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2030 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
|
The North America RFID Market is valued at US$ 6,379.62 Million in 2023, it is projected to reach US$ 12,539.19 Million by 2030.
As per our report North America RFID Market, the market size is valued at US$ 6,379.62 Million in 2023, projecting it to reach US$ 12,539.19 Million by 2030. This translates to a CAGR of approximately 10.1% during the forecast period.
The North America RFID Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America RFID Market report:
The North America RFID Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America RFID Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America RFID Market value chain can benefit from the information contained in a comprehensive market report.
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