06/21/2024
Radio frequency identification (RFID) is a technology that uses radio waves to identify tagged objects. It has many commercial and industrial applications, such as tracking items in a supply chain or keeping track of library items. The RFID market is expected to grow from $15.8 billion in 2023 to $40.9 billion by 2032, driven by factors such as increased demand in manufacturing, affordable solutions, and inventory management needs.