Chinese RFID market will reach 24.7 billion yuan

By 2022, China's total RFID market will reach 24.7 billion yuan. This RFID analysis report provides complete data on China's RFID suppliers, industry value chain, applications and trends. It not only looks at China's RFID production base, but also focuses on RFID applications in China, providing ten-year forecasts by 13 application categories.

RFID electronic tag antenna

Today, China has become a major exporter of RFID electronic tags, accounting for 85% of the world's RFID production capacity. In addition, China's second-generation national ID Card project is the largest RFID order in terms of value, and China almost entirely uses domestic manufacturer resources to produce this order. Thanks to strong government support, China has used RFID in a wide range of applications from Library Assets to train tickets, and this will drive a push for manufacturing as the country becomes a leader in most manufacturing sectors, including cars and aircraft. The growing demand for RFID in the automotive industry, automotive industry, and many other industries.

As RFID adoption increases worldwide (16 billion tags are expected to be sold globally in 2020, compared to 14.3 billion in 2019), suppliers are reducing costs by improving production processes, especially passive ultra-high Frequency electronic tags. In some cases, this means moving manufacturing to China can significantly reduce production costs.

Modern RFID electronic label production equipment

There is no doubt that RFID has achieved rapid development in China, and this report uniquely provides quantitative data and analysis of RFID technology, market and players. Their analysis is based on face-to-face and telephone interviews with RFID companies and solution providers in various RFID markets, providing detailed information and unprecedented insight into the Chinese RFID industry.

Batch production of RFID electronic tags

Forecast of China’s RFID in the next few years

China's RFID market totaled RMB 11.9 billion in 2015, covering chips, tags (including cards, bracelets, tags and all other shaped RFID products), readers, software/services and system integration. Our forecast does not include other IoT technologies such as sensor networks or wireless communications, and it does not include the non-RFID businesses of RFID companies. This number is expected to increase to 24.7 billion yuan by 2022. In 2015, the value of RFID tags was 3 billion yuan, accounting for approximately 25% of the entire RFID market, and is expected to reach 6.6 billion yuan by 2022.

Like many other countries, China's RFID industry is mainly led and supported by the government. Government policies play an important role in the development of the RFID industry. The issuance of the "White Paper on China's Radio Frequency Identification (RFID) Technology Policy" has had a significant impact on researching RFID technology and developing the RFID industry, thereby improving the level of social informatization, promoting sustainable economic development, improving people's quality of life, and enhancing public safety and national defense security. had a positive and far-reaching impact.