RFID Tags Market revenue will reach $13.65 billion by 2024, says Esti RFID Tags Market Forecast and Industry Analysis Re | Page 7

High-Frequency RFID tags lead the market by generating a
revenue of $2.26 billion in 2016.
High-frequency Radio Frequency Identification (RFID) tag is ideal for
tracking products as they move through the manufacturing process in
the light industrial applications. The high frequency band ranges from 3
MHz to 30 MHz. High frequency RFID is majorly used for ticketing,
library books, payment, data transfer, waste management, tool
management and patient flow tracking. The market is expected to have
a CAGR of 12.8% during the forecast period. However the highest CAGR
is to be witnessed by the Ultra High Frequency RFID market.