RFID Market to 2025 The RFID market is segmented in the basis of product , type , communication frequency , application and region . The RFID market segment product is further bifurcated into – RFID reader , RFID middleware & services and RFID tag . RFID tag and RFID reader beholds the largest share in the global RFID market . Another segment of this market is the type segment that is furthermore bifurcated into Battery-Assisted Passive ( BAP ), active & passive RFID . Passive RFID accounts for the largest share and BAP is projected to imitate highest growth rate during the forecast period . The market comprises of another segment namely , communication frequencies and is segmented into – low & high frequency band ( LF & HF respectively ) and ultra-high frequency band ( UHF ). UHF RFIDs are more popular among various applications , thus they are predicted to imitate the rapid growth in next few years . RFID has numerous applications in government , automation & transportation , manufacturing , medical , BFSI , retail & supply chain , media & entertainment , enterprise access control and defense & military . Automation & transportation vertical captures the largest share in market , whereas , medical & healthcare is predicted to show the highest growth rate in next few years . The region wise segmentation of the market comprises of five regions in all that include South America , North America , Europe , Asia-Pacific and Middle East & Africa . Currently , North America is the dominating the global RFID market . Europe and APAC regions are predicted to exhibit significant acceptance of RFID solutions and products in upcoming years . The RFID market in MEA & SAM are predicted to exhibit moderately slow penetration .
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