New research in the IDTechEx report RFID Forecasts, Players and Opportunities 2019-2029 finds that value of RAIN RFID* tags will be $953 million in 2019, rising to $1,974 million in 2024.
RAIN RFID expected to grow 20% in 2019
IDTechEx forecasts that RAIN RFID tags will increase from 15 Billion being sold in 2019 (these are tag numbers: a higher number of RAIN ICs will be sold in a given year) rising to 41.2 Billion RAIN RFID tags in 2024. Dominant applications include tagging apparel, airline baggage and the long tail of many companies reaping the benefits of an established, reliable technology in asset tracking across many different industries.
Several trends of note in 2019 that are covered in the IDTechEx report include the availability of smaller RAIN ICs (more ICs can therefore fit on each silicon wafer, reducing the cost per IC); IC attach equipment to reliably handle these smaller ICs; dual frequency tags and improved security options.
Meet the RAIN RFID Industry
RFID is one of the key technologies addressed at IoT Applications, part of the IDTechEx Show! to be held on November 20-21 at the Santa Clara Convention Center in California.
The RAIN RFID Alliance, a platinum sponsor of the event, hosts a pavilion in the exhibition hall showcasing RAIN RFID solutions.
*RAIN RFID is a wireless technology that connects billions of everyday items to the internet, enabling businesses and consumers to identify, locate, authenticate, and engage each item.
IDTechEx works at the forefront of technology innovation; assessing new technologies and their application by providing market research and intelligence services to our clients. Our clients use our insights to help make strategic business decisions and grow their organisations. We have provided these services since 1999 to clients around the world.