44.8 Billion! Global Shipment of RAIN RFID Tag Chips Reach a New High in 2023
According to data released by the RIAN Alliance in March 2024, RAIN RFID tag chip shipments increased by 32% in the past year, with a total of 44.8 billion RFID tag chips shipped globally. This number is more than 6 billion pieces higher than predicted. The RAIN Alliance counts chips that comply with EPC Gen 2/ISO 18000-6C and RAIN specifications, and is the UHF chip shipments reported by mainstream RFID IC or integrated circuit manufacturers. Mainly the following four companies: Impinj, EM Microelectronics, NXP and Quanray.
This rapidly growing trend is no accident. First of all, the demand for RFID labels in the retail industry has shown significant growth. As a giant in the retail industry, Wal-Mart's use of RFID smart tags continues to increase, mainly due to the significant advantages of embedded RFID stickers in inventory management, product tracking, etc. Achieve precise positioning and inventory management, thereby greatly improving operational efficiency.
In addition, the application of RAIN RFID tags in aviation luggage, automobile industry, logistics and other fields has also shown a rapid growth trend. In terms of aviation baggage management, RFID tags can realize real-time tracking and positioning of baggage, reducing baggage loss and delays; in the automotive industry, 860~960MHz RFID tags are used to manage vehicle parts and tires to ensure the accuracy and efficiency of the production process; in the field of logistics, long range RFID labels can optimize warehouse operations and improve the efficiency of sorting and distribution of goods.
With the continuous development and popularization of IoT technology, Radio Frequency Identification (RFID) technology, as an important part of it, is gradually penetrating into all walks of life. At the same time, with the continuous innovation and advancement of technology, the performance of RFID technology is also constantly improving, such as reading distance. The increase in identification accuracy, cost reduction, etc. have further promoted the development of the RAIN RFID market. Based on the comprehensive promotion of the above aspects, we have reason to believe that the RFID tags market will continue to maintain rapid growth in the future!