Global RFID Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)-Part 1

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It reports that the global RFID market was valued at USD 10.87 billion in 2020, and it is expected to reach USD 14.42 billion by 2026, registering a CAGR of 5.06% during the forecast period, 2021-2026. Supply chain management and logistics management make widespread usage of RFID technology. Sensor-based RFID technology is being increasingly integrated into the product packaging to track and trace the origin of the product and prevent any source of contamination or tampering and save labor cost within the supply chain. Logistics and transportation are major areas of implementation for RFID technology. Warehouse management, yard management, shipping and freight, and distribution centers are some of the areas where RFID tracking technology is usually used.

- https://www.reportlinker.com/p06184980/?utm_source=GNW

RFID products will be a hot-selling product in the future. DAFTags is specialized in manufacturing various RFID Labels as like HF RFID tags and UHF RFID tags, which are mainly used in logistics, retail, jewelry, supply chain, etc.