Almost 30 billion RAIN Radio Frequency Identification (RFID) tag integrated circuits (IC) have been sold worldwide in 2021, resulting in a 36 percent increase over 2020 sales, according to research released today by the RAIN Alliance.
The RAIN RFID Market Research Report from VDC Research predicts IC shipments are expected to scale to 88.5 billion by 2028, a CAGR of 25.1 percent. Supply chain upgrades and the use of more sustainable technologies are helping to increase the adoption of RAIN RFID technologies.
The report includes a detailed analysis of initial market models segmented by product type, including finished tags/transponders, fixed readers, handheld readers and printer/encoders. Multiple industries and applications, trends by industry and application, as well as regional market trends, are addressed within the report. Specific information on each technology component for 2020 to 2026 with the CAGR for each are given with unit and revenue.
The report is global in scope and was produced in collaboration with VDC Research using the information provided by members of the RAIN Alliance.
‘There has been a dramatic shift in the RAIN RFID market over the past 24 months with several blue-chip announcements adding momentum and changing market dynamics creating a premium for the benefits RAIN RFID provides,’ said David Krebs, executive vice president of VDC Research. ‘Investment in RAIN RFID solutions is still somewhat closely tied to inventory management, but it is increasingly trending toward more application opportunities.’
‘Sustainability is a growing RAIN RFID investment driver,’ said Aileen Ryan, president and CEO of RAIN Alliance. ‘Minimizing carbon emissions and eliminating waste are high-priority supply chain initiatives for organizations across most industries. RAIN RFID technology is ideally suited to this and other similar tasks.’
The RAIN Alliance is the industry organization supporting the universal adoption of RAIN UHF RFID technology, a wireless technology that connects billions of everyday items to the Internet-of-Things, enabling businesses and consumers to identify, locate, authenticate and engage assets. Membership in the RAIN Alliance is open to all companies interested in RAIN RFID technology.