RFID Tags Market revenue will reach $13.65 billion by 2024, says Esti RFID Tags Market Forecast and Industry Analysis Re | Page 4

North America generated the highest revenue, in 2016, in terms
of RFID tags market.
North America leads the RFID Market by generating revenue of $1.86
billion in 2016. It is would grow with a CAGR of 12.4% during the forecast
period of 2017-2024. However the Asia Pacific RFID Market is supposed to
witness the highest CAGR of 16.4% during the forecast period. This is
because of the rapidly growing electronic market of the countries like
China, India, Singapore and South Korea. The rapidly increasing
industrialization and commercialization is invigorating the Asian companies
to invest in RFID to enhance their supply chain processes as it enables
scanning of multiple items at once and line of sight advantages.