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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