UHF RFID (RAIN) Market Size, Share, and Forecast to 2031
The UHF RFID (RAIN) market size is projected to reach US$ 8.36 billion by 2031 from US$ 2.92 billion in 2023. The market is expected to register a CAGR of 14 % in 2023–2031. The increasing role of RFID in smart cities is likely to remain a key UHF RFID (RAIN) market trend.
UHF RFID (RAIN) Market Analysis
The rise of the Internet of Things (IoT) is being driven by the acceptance of smart devices and increasing government investments, which are concentrated on R&D and IoT installations in the manufacturing, utilities, retail, and other sectors. It gives different items the capacity to communicate with one another and exchange data. UHF RFID is the best technology to connect the digital and physical worlds, which is necessary for Internet of Things applications. The majority of networked objects will be connected wirelessly thanks to passive UHF RFID technology, which is becoming increasingly popular across national borders. This technology allows passive objects to smoothly send vital data, such as precise location and time, enabling identification of these objects.
UHF RFID (RAIN) Market Overview
UHF RFID systems are radio frequency identification (RFID) systems that use the UHF frequency range for operation. Operating frequencies for the ultrahigh-frequency (UHF) bands span from 300 MHz to 1 GHz. Radiofrequency identification is the source of the word RAIN, a reference to the connection between UHF RFID and the cloud. This technology includes several hardware elements, like readers and tags, built into it. Among other businesses, the retail, healthcare, and manufacturing sectors utilize RFID tags to track all kinds of products and to manage assets and inventory. UHF RFID tags and readers operate between 433 MHz to 860 MHz.
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UHF RFID (RAIN) Market: Strategic Insights
UHF RFID (RAIN) Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2023 - 2031)
14 %
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Market Size 2023
US$ 2.92 billion
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Market Size 2031
US$ 8.36 billion
Market Dynamics
GROWTH DRIVERS
- The increase in demand for RFID in Electronic Toll Collection
FUTURE TRENDS
- Increasing Role of RFID in Smart Cities
OPPORTUNITIES
- The reduction in tag costs
Key Players
- CAEN RFD Srl
- Convergence Systems Limited
- Impinj, Inc
- Invengo Technology Pte. Ltd.
- Jadak- A Novanta Company
- Lowry Solutions Inc.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- Securitag Assembly Group LTD (SAG)
- Walki Group Oy
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Hardware
- Software
- Services
Application
- Retail and Consumer Goods
- Logistics and Transportation
- Healthcare
- Manufacturing
- Other Applications
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
UHF RFID (RAIN) Market: Strategic Insights
-
CAGR (2023 - 2031)14 % -
Market Size 2023
US$ 2.92 billion -
Market Size 2031
US$ 8.36 billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- The increase in demand for RFID in Electronic Toll Collection
- Increasing Role of RFID in Smart Cities
- The reduction in tag costs
Key Players
- CAEN RFD Srl
- Convergence Systems Limited
- Impinj, Inc
- Invengo Technology Pte. Ltd.
- Jadak- A Novanta Company
- Lowry Solutions Inc.
- Murata Manufacturing Co., Ltd.
- NXP Semiconductors N.V.
- Securitag Assembly Group LTD (SAG)
- Walki Group Oy
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Hardware
- Software
- Services
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Retail and Consumer Goods
- Logistics and Transportation
- Healthcare
- Manufacturing
- Other Applications
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
UHF RFID (RAIN) Market Drivers and Opportunities
The increase in demand for RFID in Electronic Toll Collection
RFID technology allows for accurate vehicle identification, which in turn allows for toll fees to be subtracted. The architecture of the REID system is carefully designed to enable automatic vehicle identification and a smooth toll deduction process, doing away with the need for human intervention. The field of electronic toll collecting (ETC) has seen a revolution because of REID technology, which has sped up, improved efficiency, and made it more comfortable for commuters as well as toll operators to pay tolls on roads, bridges, and tunnels. Vehicles using ETC systems are outfitted with REID tags, sometimes referred to as transponders, which hold distinct identity data connected to the account of the vehicle's owner. RFID tags are activated by radio-frequency signals that REID readers generate as cars get closer to toll booths, gantries, or designated entry/exit lanes. Thus, with the increase in demand for RFID in electronic toll collection, the market is growing.
The reduction in tag costs
The Internet of Things (IoT) is predicted to be a major factor in the industry's present rapid technological development. Many academics are concentrating on IoT technology to pinpoint issues and challenges relating to architecture and design. The majority of IoT solution providers have been building all stack components, from hardware devices to cloud services, as a result of the market's explosive growth. Throughout the forecast period, a high rate of IoT technology use is expected to support the growth of the UHF RFID (RAIN) market. Thus, the increasing adoption of IoT is anticipated to present new opportunities for the UHF RFID (RAIN) market players during the forecast period.
UHF RFID (RAIN) Market Report Segmentation Analysis
Key segments that contributed to the derivation of the UHF RFID (RAIN) market analysis are components and applications.
- Based on the components, the UHF RFID (RAIN) market is segmented into hardware, software, and services. The hardware segment held a larger market share in 2023.
- By application, the market is segmented into retail and consumer goods, logistics and transportation, healthcare, manufacturing, and other applications.
UHF RFID (RAIN) Market Share Analysis by Geography
The geographic scope of the UHF RFID (RAIN) market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America. Due to a boom in the retail industry, the UHF RFID (RAIN) market in North America is anticipated to expand rapidly. The technology is widely used for clothing tagging, and the market has grown quickly in recent years. Passive UHF RFID tags that operate in the 860–960 MHZ frequency band are typically used by the retail industry; the precise frequencies at which the tags work vary depending on the nation.
UHF RFID (RAIN) Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 2.92 billion
Market Size by 2031
US$ 8.36 billion
Global CAGR (2023 - 2031)
14 %
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Component - Hardware
- Software
- Services
By Application - Retail and Consumer Goods
- Logistics and Transportation
- Healthcare
- Manufacturing
- Other Applications
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
CAEN RFD Srl Convergence Systems Limited Impinj, Inc Invengo Technology Pte. Ltd. Jadak- A Novanta Company Lowry Solutions Inc. Murata Manufacturing Co., Ltd. NXP Semiconductors N.V. Securitag Assembly Group LTD (SAG) Walki Group Oy
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 2.92 billion |
Market Size by 2031 | US$ 8.36 billion |
Global CAGR (2023 - 2031) | 14 % |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
UHF RFID (RAIN) Market News and Recent Developments
The UHF RFID (RAIN) market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for speech and language disorders and strategies:
- In November 2023, RAIN Alliance, the non-profit industry organization supporting the development and adoption of Ultra High Frequency (UHF) Radio Frequency Identification (RFID), announced the launch of its RAIN RFID Tyre Technology Masterclass World Tour. These quarterly masterclass events will offer a unique perspective into the future of the global intelligent tire industry while exploring how RAIN RFID helps solve the issue of tracking the full product lifecycle of a tire from the cradle to the grave. (Source: RAIN Alliance, Press Release)
- In October 2023, HID Launched New LinTRAK RAIN RFID UHF Tags on the Market. (Source: HID, Press Release)
UHF RFID (RAIN) Market Report Coverage and Deliverables
The “UHF RFID (RAIN) Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Component and Application
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global UHF RFID (RAIN) market was estimated to be US$ 2.92 billion in 2023 and is expected to grow at a CAGR of 14 % during the forecast period 2023 - 2031.
The increase in demand for RFID in Electronic Toll Collection and the reduction in tag costs are the major factors that propel the global UHF RFID (RAIN) market.
The increasing role of RFID in smart cities is anticipated to play a significant role in the global UHF RFID (RAIN) market in the coming years.
The key players holding majority shares in the global UHF RFID (RAIN) market are CAEN RFD Srl, Convergence Systems Limited, Impinj Inc., Invengo Technology Pte. Ltd., and Jadak- A Novanta Company.
The global UHF RFID (RAIN) market is expected to reach US$ 8.36 billion by 2031.