RAIN RFID Tag IC 2021 Sales Hit 30 Billion
Virtual News : Article
WAKEFIELD, Mass. – November 16, 2022 – Almost 30 billion RAIN Radio Frequency Identification (RFID) tag integrated circuits (IC) were sold worldwide in 2021.
This result translated into a 36% increase above 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%. Supply chain upgrades and the use of more sustainable solutions are helping to increase the adoption of RAIN RFID solutions.
The RAIN RFID Market Research Report is available to the public. More information can be accessed here.
“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 that RAIN RFID provides,” said David Krebs, executive vice president, VDC Research. “Investment in RAIN RFID solutions is still somewhat closely tied to inventory management but it is increasingly trending toward more application opportunities.”
The RAIN RFID Market Research Report is global in scope and was produced in collaboration with VDC Research using information provided by members of the RAIN Alliance.
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 is provided with the CAGR for each given with unit and revenue.
“Sustainability is a growing RAIN RFID investment driver,” said Aileen Ryan, president and CEO, 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.”
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