The U.S. RFID Tags Market Is Estimated To Witness High Growth Owing To Opportunity In Inventory And Asset Tracking
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U.S. RFID Tags Market Radio-frequency identification (RFID) tags are detection devices that facilitate automatic identification of objects and assets using radio waves to store and retrieve data. RFID tags offer advantages over traditional barcodes in allowing multiple item identification without direct line-of-sight scanning. They find wide usage in applications involving inventory management, asset tracking, access control and tickets among others. The growing need for efficient inventory and supply chain management across industries is fueling demand for RFID tags in the country. The U.S. RFID Tags Market is estimated to be valued at US$ 887.15 Mn in 2023 and is expected to exhibit a CAGR of 9.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Opportunity: Inventory and asset tracking provides opportunities for more accurate record-keeping and enhanced visibility across the supply chain. RFID tags enable automa...