The Top 5 Companies in Radio-frequency Identification Industry

Radio-frequency identification is a technology that uses electromagnetic fields to identify and track tags attached to objects. RFID tags are commonly used on cars to get through tolls, animal tracking, and inventory management. The technology can offer a wealth of benefits, including higher productivity, quality data capture, and enhanced security.

It’s these benefits that are prompting growth in the market. BCC Research estimates the market for RFID technology will reach $49.7 billion by 2027, growing at a CAGR of 8.2% from 2022-2027.

The top players in the RFID technology market

With the market set to grow, it’s vital for industry participants to keep a sharp eye on the competitive landscape. BCC Research has profiled the leading market players, analyzing their depth of product offerings, applications served, the popularity of RFID applications, and more. Today, we’re ranking the top five players in the RFID market.

Honeywell International

Honeywell International tops the list as the number one player in the RFID technology market. The company is an engineering and technology-based organization that develops advanced technologies to address challenges in multiple sectors like security, energy, safety, productivity, and global urbanization. The company offers energy efficient products and solutions, process technologies, specialty chemicals, electronic and advanced materials, and productivity, safety and security technologies, sensing, spare parts, management and technical services, and repair and maintenance services. The company also serves customers in refining and petrochemicals, and aerospace buildings and industries in North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

Impinj

The second biggest player in the RFID technology market is Impinj. Impinj is a technology company that offers RAIN RFID solutions, providing reader chips, tag chips, readers, gateways, and software. The company provides its products to various industries including healthcare, aviation, industrial, food, sports, travel, manufacturing, banking, supply chain and logistics, automotive, and retail markets. The company has its business presence across the Americas, Europe, Asia-Pacific, Middle East, and Africa.

Assa Abloy

At number three is Assa Abloy, a global manufacturer and supplier of door products and solutions. The company provides mechanical locks, lock systems and fittings, electromechanical and electronic locks, digital door locks, secure identity solutions, hotel security, and hardware. The company also delivers digital solutions, cylinders and security doors, identification products, entrance automation, and electronic access control. Furthermore, the company provides mobile access solutions to enterprises, residential customers, and hospitality companies. The company operates in the Americas, Europe, Asia-Pacific, Middle East, and Africa.

Avery Dennison

The fourth biggest RFID company is Avery Dennison. The company provides labeling and packaging materials and solutions, producing pressure-sensitive materials, tags, labels, tickets, and other converted products. The company also manufactures and sells fasteners, radio-frequency identification (RFID) inlays and tags, imprinting equipment, and related services. The company offers products under brands such as Avery Dennison, Yongle, Monarch, Fasson, JAC, and Mactac. The company serves various end-use industries such as food, automotive, electronics and electrical, transportation, retail, and supply chain and logistics. The company operates its business across North America, South America, Europe, and Asia-Pacific.

CCL Industries

BCC Research has ranked CCL Industries as the fifth top player in the RFID market. CCL Industries is a diversified packaging solutions provider operating across the globe. The company’s product portfolio includes aluminum aerosol cans, bottles, extruded plastic tubes, converting pressure sensitive and film materials for label applications, along with package decorating solutions. The company also provides multi-layer and surface engineered Bi-Oriented Polypropylene (BOPP) films. The company’s products and solutions are widely utilized across home and personal care, electronics and consumer durables, healthcare, agrochemical, food and beverage, and automotive. The company’s business operations are spread across North America, Europe, Latin America, Asia-Pacific, the Middle East, and Africa.

Dive deeper into the competitive landscape for RFID technology

Demand for RFID technology is rising, hence the increasingly competitive marketplace. There’s never been a better time to get to grips with the ins and outs of the market, to position yourself for long-term success.

BCC Research’s latest report breaks down the market conditions for RFID technology. Providing five-year forecasting, regional analysis and more, the report acts as an invaluable guide for those seeking to break new ground.

Becoming a member of our research library and gain access to the full category of instrumentation and sensors reports. Get in touch today to find out more.