RFID Chips Industry on a Growth Spree, Valuation to Hit USD 23.2 Billion by 2031

RFID chips market is expected to reach a valuation of USD 23.2 billion by 2031, expanding at a strong CAGR of 12.3% during the forecast period from 2023 to 2031. This growth is primarily driven by the escalating demand for real-time inventory management, enhanced supply chain transparency, and secure access control solutions across sectors such as retail, healthcare, logistics, automotive, and manufacturing.
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After casting his vote in the Vice Presidential election on 9 September, Prime Minister Narendra Modi reached Gurdaspur and Shimla to take stock of the flood tragedy and natural calamity in Punjab and Himachal Pradesh. Earlier, Mr. Modi conducted an aerial survey of the flood-affected areas. Immediately after returning from his Japan-China visit, the Prime Minister spoke to Punjab Chief Minister Bhagwant Singh Mann and sent financial assistance of Rs. 12,000 crore from the Centre.

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