Asia Pacific Radio Frequency Identification Technology Market Size & Outlook
Asia Pacific radio frequency identification technology market, 2018-2030 (US$M)
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Asia Pacific radio frequency identification technology market highlights
- The Asia Pacific radio frequency identification technology market generated a revenue of USD 4,035.6 million in 2024.
- The market is expected to grow at a CAGR of 16.9% from 2025 to 2030.
- In terms of segment, tags was the largest revenue generating component in 2024.
- Readers is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 4,035.6 million |
| Market revenue in 2030 | USD 10,121.0 million |
| Growth rate | 16.9% (CAGR from 2025 to 2030) |
| Largest segment | Tags |
| Fastest growing segment | Readers |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tags, Antennas, Readers, Middleware |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.1% of the global radio frequency identification technology market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,121.0 million by 2030.
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Radio Frequency Identification Technology Market Scope
Radio Frequency Identification Technology Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific radio frequency identification technology market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to radio frequency identification technology market will help companies and investors design strategic landscapes.
Tags was the largest segment with a revenue share of 42.59% in 2024. Horizon Databook has segmented the Asia Pacific radio frequency identification technology market based on tags, antennas, readers, middleware covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific radio frequency identification technology industry held a significant share in 2024. Favorable government mandates from emerging countries, including China and India, are anticipated to fuel the market’s growth.
For example, in February 2021, the Government of India mandated using RFID-based tags, known as ‘FASTag,’ on all vehicles for electronic toll collection at national highway toll plazas.
Moreover, the government announced that over 350,000 railway wagons would be RFID tagged to track them easily. Such initiatives contribute to the country’s demand and growth of the regional market. Furthermore, the presence of many manufacturers and OEMs in the region is also supporting market growth.
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Target buyers of Asia Pacific radio frequency identification technology market databook
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Our clientele includes a mix of radio frequency identification technology market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific radio frequency identification technology market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific radio frequency identification technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific radio frequency identification technology market size, by country, 2018-2030 (US$M)
Asia Pacific Radio Frequency Identification Technology Market Outlook Share, 2024 & 2030 (US$M)
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