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Canada RFID Market

Canada RFID Market By Product Type (Tags, Readers, Software and Services); By Frequency (Low Frequency, High Frequency, Ultra-High Frequency); By Material (Plastic, Glass, Paper, Others); By End-User (Commercial, Animal Tracking, Transportation, Agriculture, Security and Access Control, Healthcare, Retail, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Canada RFID Market Size 2024	USD 487.18 million
Canada RFID Market, CAGR	9.5%
Canada RFID Market Size 2032	USD 1,102.85 million

Market Overview

The Canada RFID Market is projected to grow from USD 487.18 million in 2024 to an estimated USD 1,102.85 million by 2032, with a compound annual growth rate (CAGR) of 9.5% from 2025 to 2032. This steady growth is driven by increased adoption of RFID technology across various industries, such as retail, healthcare, logistics, and manufacturing, where it is being used to improve operational efficiency, reduce costs, and enhance asset tracking.

Several factors are driving the growth of the RFID market in Canada. The rising demand for automation and digitalization in industries, along with the need for real-time data collection, is significantly contributing to the market’s expansion. Additionally, the healthcare sector’s growing emphasis on patient safety and inventory management is further increasing the adoption of RFID solutions. The retail industry is also embracing RFID to optimize inventory management and improve customer experience through contactless payments and efficient stock tracking.

Geographically, Canada’s RFID market is supported by a well-developed infrastructure and a strong focus on technology-driven industries. The country’s robust logistics and retail sectors, particularly in major cities like Toronto and Vancouver, are expected to drive market growth. Key players in the Canadian RFID market include companies such as Zebra Technologies, Honeywell International, and Impinj, which are investing in innovative solutions to meet the growing demand for automated and efficient tracking systems.

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Market Insights

The Canada RFID Market is projected to grow from USD 487.18 million in 2024 to USD 1,102.85 million by 2032, with a CAGR of 9.5% from 2025 to 2032.
The Global RFID Market is projected to grow from USD 14,378.18 million in 2024 to an estimated USD 34,461.82 million by 2032, with a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032.
Increased demand for automation, real-time data collection, and the growing emphasis on efficiency in industries like retail, healthcare, and logistics are driving market expansion.
The integration of RFID with IoT and advancements in RFID chip technology are enabling more efficient, scalable, and cost-effective solutions across various sectors.
High initial implementation costs and data privacy concerns remain significant barriers to widespread RFID adoption, particularly for small to mid-sized businesses.
RFID is increasingly being adopted in the healthcare sector for patient safety, asset tracking, and inventory management, helping to streamline operations and reduce errors.
Ontario leads the market, contributing 45% of the total share, driven by major urban hubs like Toronto, followed by Quebec (25%) and Western Canada (20%).
Major players like Zebra Technologies, Honeywell International, and NXP Semiconductors are dominating the market with their diverse RFID solutions and continuous innovation in technology.

Report Scope

This report segments the Canada RFID Market as follows:

Market Drivers

Growing Demand for Automation and Efficiency in Industry

The demand for automation and efficiency across various industries is one of the major drivers of the RFID market in Canada. As businesses increasingly look for ways to streamline their operations, reduce human error, and enhance data collection, RFID technology provides an effective solution. By enabling real-time tracking and management of assets, inventory, and personnel, RFID systems help businesses optimize their processes, increase operational efficiency, and minimize costs. For instance, in the manufacturing industry, RFID is utilized to monitor production lines, track equipment, and manage inventory, all of which contribute to reduced downtime and improved production capacity. A study on RFID utilization in manufacturing found that companies implementing RFID technology experienced a 20% increase in production efficiency. This growing need for operational excellence is encouraging industries such as logistics, manufacturing, and retail to adopt RFID technologies to enhance their business performance. The shift towards automation has also been accelerated by advancements in RFID technology itself. The evolution of RFID systems, such as the introduction of high-frequency and ultra-high-frequency tags, allows for more reliable and scalable solutions. This makes it easier for industries to implement RFID in their supply chains and production lines, further fueling the demand for these technologies across Canada. The push for digital transformation is thus a key factor driving the widespread adoption of RFID solutions.

Rising Importance of Supply Chain and Inventory Management

In Canada, efficient supply chain and inventory management are pivotal for businesses to maintain competitive advantage. As organizations look to enhance supply chain visibility, minimize waste, and ensure that products are in the right place at the right time, RFID technology is emerging as a key tool. With RFID, businesses can monitor the movement of goods in real time, track inventory levels automatically, and improve stock replenishment processes. This level of precision is particularly important in industries like retail, automotive, and logistics, where stockouts, overstocking, or delays can directly impact profitability and customer satisfaction. Retailers, for instance, are increasingly relying on RFID to manage their inventory more accurately, thereby reducing lost sales and improving stock visibility. A report on inventory management in Canada found that nearly 40% of wholesale trade businesses are currently holding higher than desired inventory levels. This also translates into better customer experiences as products are readily available and can be located more efficiently. Moreover, RFID systems help retailers prevent theft by allowing for detailed tracking of high-value goods. In the logistics sector, RFID is crucial for tracking shipments and optimizing the flow of goods across supply chains. The ability to instantly locate products or shipments reduces lead times and transportation costs, boosting the efficiency of supply chains.

Growing Adoption of RFID in Healthcare for Patient Safety and Asset Management

The healthcare sector in Canada is another key driver of the RFID market. As healthcare providers look for ways to improve patient safety, asset tracking, and inventory management, RFID technology is becoming increasingly critical. RFID allows healthcare facilities to track medical equipment, pharmaceuticals, and even patients with high accuracy, which reduces the chances of misplaced or lost assets and ensures that equipment is in optimal condition when needed. The ability to track medical supplies and devices in real-time helps hospitals prevent stockouts, reduce waste, and ensure that critical items are always available for patient care. Moreover, RFID tags are being used for patient identification and tracking. Hospitals are using RFID wristbands for patients to minimize the risk of errors such as incorrect medication administration or misidentification. These wristbands help staff access patient information quickly, ensuring faster and more accurate treatment. As Canada’s healthcare system continues to prioritize patient safety, operational efficiency, and the management of healthcare resources, the demand for RFID solutions will continue to grow, making the healthcare sector a key driver of the RFID market.

Government Support and Investment in Technology Infrastructure

The Canadian government’s ongoing support for the development and implementation of advanced technologies is another important factor driving the growth of the RFID market. The Canadian government has placed significant emphasis on fostering innovation and increasing the adoption of digital technologies across various sectors. Initiatives aimed at improving Canada’s digital infrastructure, such as the introduction of funding programs for smart city projects, technological research, and innovation in industries like agriculture and manufacturing, directly benefit the RFID market. Furthermore, government regulations related to logistics and transportation in Canada are encouraging businesses to adopt RFID systems. For example, the implementation of RFID technology in toll collection systems and border crossings is helping streamline processes, reduce human error, and improve overall efficiency. These efforts align with Canada’s broader goals of improving digital infrastructure and positioning the country as a leader in technological innovation. The government’s investment in research and development of emerging technologies is expected to further accelerate the growth of RFID adoption in key industries such as logistics, manufacturing, and healthcare. These factors, combined with the growing adoption of the Internet of Things (IoT) and smart technologies, contribute to an overall conducive environment for RFID growth in Canada. As industries continue to modernize and digitize, government support ensures that RFID remains a key enabler of technological advancement across the country.

Market Trends

Integration of IoT with RFID Systems

One of the most significant trends in the Canadian RFID market is the integration of RFID technology with the Internet of Things (IoT). This integration is enabling businesses to leverage real-time data, improve asset tracking, and enhance operational efficiency. IoT-enabled RFID systems allow for seamless communication between RFID tags and connected devices, providing businesses with real-time insights into their assets, inventory, and overall supply chain activities. This trend is particularly prevalent in sectors such as logistics, manufacturing, and retail, where real-time tracking and automated decision-making are critical. For instance, RFID Canada has over 32 years of experience in passive and active RFID solutions. GuardRFID, a key player in the industry, specializes in real-time location systems and offers a comprehensive range of active RFID tags. By combining RFID with IoT, organizations can reduce operational costs, minimize errors, and optimize resource utilization, allowing them to make more informed decisions. The convergence of these technologies also opens up new avenues for predictive analytics, offering businesses a deeper understanding of their operations and enhancing their ability to proactively address issues.

Adoption of RFID in Retail for Enhanced Customer Experience

Retailers in Canada are increasingly adopting RFID technology to enhance inventory management, improve customer service, and drive operational efficiency. RFID enables retailers to gain real-time visibility into stock levels, ensuring that shelves are consistently stocked and minimizing stockouts. This improves the overall customer shopping experience, as products are readily available, and items can be easily located within stores. Additionally, RFID allows retailers to speed up checkouts and improve loss prevention efforts. Customers can benefit from faster, more accurate checkout processes with RFID-enabled self-checkout stations. With the growing demand for contactless experiences, RFID also supports touchless payment systems, allowing for safer and more efficient transactions. Retail industry reports indicate that RFID adoption in Canada has significantly improved omnichannel retail operations, enabling seamless inventory tracking and enhancing customer satisfaction. North America leads RFID adoption, with 93% of retailers reporting usage in various stages of deployment. As customer expectations continue to rise, retailers are investing in RFID technology to stay competitive and meet the growing demand for convenience, accuracy, and faster services.

Increased Use of RFID in Healthcare for Asset and Patient Tracking

The healthcare industry in Canada is seeing a growing trend toward the use of RFID technology for asset and patient tracking. Hospitals and medical facilities are increasingly adopting RFID to improve operational efficiency, reduce errors, and enhance patient care. RFID tags are used to track critical medical equipment, ensuring that it is properly sterilized, maintained, and available when needed. RFID is also being used for patient identification, reducing the risk of medical errors and improving the safety of patient care. RFID wristbands, for instance, can provide healthcare professionals with immediate access to a patient’s medical records, reducing the time spent on manual data entry and increasing the accuracy of diagnoses and treatments. Moreover, RFID technology supports inventory management in healthcare settings, helping medical institutions monitor supplies, reduce waste, and optimize stock levels. This trend reflects a broader shift in healthcare toward technology-driven solutions to improve both patient outcomes and operational efficiency.

Sustainability and Eco-friendly RFID Solutions

There is a growing trend toward the development and adoption of sustainable and eco-friendly RFID solutions in Canada. As businesses and consumers become increasingly aware of environmental concerns, there is a push for RFID technologies that minimize environmental impact. Manufacturers are focusing on creating RFID tags and readers that are made from recyclable materials and have low power consumption, contributing to greener supply chain management. Additionally, some companies are exploring paper-based RFID tags, which offer a more sustainable alternative to traditional plastic-based tags. In sectors such as retail and logistics, companies are adopting RFID to improve sustainability by reducing waste, optimizing resource usage, and minimizing carbon footprints. For example, RFID allows for better tracking of goods, which helps companies streamline their logistics operations, reduce transportation costs, and lower emissions. As consumers and businesses place greater emphasis on sustainability, the demand for eco-friendly RFID solutions in Canada is expected to rise, promoting a more sustainable and responsible approach to technology adoption.

Market Challenges

High Initial Cost of Implementation

One of the key challenges facing the Canadian RFID market is the high initial cost of implementation. While RFID technology offers long-term benefits in terms of efficiency, accuracy, and automation, the upfront investment required for hardware, software, and integration into existing systems can be substantial. Small to mid-sized businesses, in particular, may find it difficult to allocate the necessary capital to adopt RFID technology. The costs associated with deploying RFID systems include purchasing RFID tags and readers, setting up the required infrastructure, and training staff to operate and maintain the system effectively. Additionally, for businesses with legacy systems, the integration of RFID into existing workflows can be complex and expensive. This barrier to entry can slow down the adoption rate of RFID in various sectors, particularly in industries where cost efficiency is critical. For example, Canadian businesses are leveraging RFID for real-time tracking and inventory management to streamline supply chains. The growth of e-commerce in Canada has significantly influenced the RFID market, with RFID technology being increasingly used to improve order fulfillment and logistics operations. In Canada’s cold climate, RFID plays a vital role in cold chain logistics, ensuring the integrity of temperature-sensitive products during transportation and storage.While large corporations with substantial budgets can justify the cost of implementation, smaller businesses may hesitate to invest in RFID due to concerns over the return on investment (ROI). However, as RFID technology continues to mature and prices for RFID components decrease, this challenge is expected to become less significant over time.

Data Privacy and Security Concerns

Another significant challenge in the Canadian RFID market is data privacy and security. As RFID systems collect and store large amounts of data, including sensitive information related to assets, inventory, and individuals (such as patient data in healthcare settings), there are growing concerns about the potential for data breaches and unauthorized access. RFID tags, especially in retail and healthcare, are capable of transmitting data wirelessly, making them vulnerable to hacking or interception by malicious actors. The lack of proper encryption and secure communication protocols can expose organizations to cyber threats, leading to reputational damage, legal liabilities, and financial losses. Moreover, the ability to track individuals or assets in real time raises concerns about privacy violations, particularly in sectors like healthcare or retail, where sensitive personal information is involved. In Canada, businesses need to comply with stringent data protection regulations, such as the Personal Information Protection and Electronic Documents Act (PIPEDA), which sets out rules for collecting, using, and disclosing personal information. Failure to address these data security concerns could result in legal consequences and loss of customer trust. As RFID adoption increases, companies must prioritize the implementation of secure RFID systems with robust encryption, access control mechanisms, and compliance with privacy laws to mitigate these risks and ensure the safe handling of data.

Market Opportunities

Expansion of RFID in the Retail Sector

The retail sector in Canada presents significant growth opportunities for RFID adoption. As retailers increasingly focus on improving inventory management, enhancing customer experience, and driving operational efficiency, RFID technology plays a crucial role in achieving these goals. With the ability to provide real-time visibility into stock levels and automate inventory tracking, RFID allows retailers to optimize their supply chains, reduce stockouts, and prevent overstocking, ultimately improving profitability. The rise of e-commerce and the demand for seamless omnichannel retailing further amplify the need for RFID solutions to ensure timely stock replenishment, quicker shipping, and accurate order fulfillment. Additionally, RFID enables retailers to implement contactless payment systems, enhance loss prevention efforts, and speed up checkout processes. As consumer expectations evolve and demand for efficiency and convenience increases, Canadian retailers have a substantial opportunity to leverage RFID technology to stay competitive and meet customer demands for faster, more personalized shopping experiences. The growing focus on automation and the integration of RFID with other digital technologies like IoT will drive future growth in the retail sector.

Healthcare for Patient and Asset Tracking

The healthcare industry in Canada offers significant market opportunities for RFID adoption, particularly for patient safety, inventory, and asset management. RFID technology enables healthcare providers to track medical equipment, pharmaceuticals, and even patients in real-time, improving operational efficiency and reducing the risk of errors. RFID tags are increasingly being used to monitor the usage and maintenance of medical devices, ensuring that critical equipment is always available and functioning properly. Furthermore, RFID wristbands and tracking systems can help healthcare institutions streamline patient identification, reducing the risk of misidentification and medication errors. With healthcare organizations prioritizing patient safety, operational efficiency, and cost reduction, RFID provides a valuable solution. As healthcare facilities continue to digitize and adopt advanced technologies, the demand for RFID solutions is expected to grow, presenting a lucrative opportunity for providers in Canada.

Market Segmentation Analysis

By Product Type

The Canada RFID market is segmented into three primary product types: tags, readers, and software and services. RFID tags, which are the most commonly used component, dominate the market due to their essential role in tracking and identifying items. Tags can be passive, active, or semi-active, with passive tags accounting for the majority of the market share due to their cost-effectiveness and wide range of applications. Readers, the second key segment, are responsible for capturing the data from the RFID tags and transmitting it to the software systems. The demand for advanced RFID readers, capable of reading data from multiple tags simultaneously, is increasing as businesses seek greater efficiency in operations such as inventory management and supply chain logistics. The software and services segment includes the platforms required to manage and interpret the data collected by RFID tags and readers. This segment is expected to experience significant growth as more companies seek to integrate RFID technology with their existing enterprise systems for data analytics, asset management, and operational optimization.

By Frequency

The frequency segment of the RFID market in Canada is divided into low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). Each of these frequency bands has its own set of applications, with UHF tags generally being the most widely used due to their long read range and fast data transfer capabilities. UHF RFID is particularly popular in supply chain management, retail, and logistics for tracking goods over large distances. High-frequency RFID, on the other hand, is commonly used for applications such as ticketing, payment systems, and access control, as well as in the healthcare sector for patient tracking and management. Low-frequency RFID is typically used for applications such as animal tracking and automotive access control, where a shorter range and slower data transfer are acceptable. The segment’s growth is driven by the increasing demand for higher precision and long-range identification systems in various industries.

Segments

Based on Product Type

Tags
Readers
Software and Services

Based on Frequency

Low Frequency
High Frequency
Ultra-High Frequency

Based on Material

Plastic
Glass
Paper
Others

Based on End User

Commercial
Animal Tracking
Transportation
Agriculture
Security and Access Control
Healthcare
Retail
Others

Based on Region

Ontario
Quebec
Western Canada
Eastern Canada

Regional Analysis

Ontario (45%)

Ontario is the largest market for RFID technology in Canada, contributing to approximately 45% of the total market share. The region’s dominance is primarily due to the presence of major urban centers like Toronto, which serve as hubs for various industries, including retail, healthcare, logistics, and manufacturing. Ontario’s well-developed infrastructure and strong economic base, coupled with its focus on technological innovation, make it a hotspot for RFID adoption. Key sectors such as retail have embraced RFID for inventory management and supply chain optimization, while the healthcare industry uses RFID for asset tracking and patient safety. Ontario’s growth in the RFID market is further supported by increased investments in smart cities and the digitalization of industries.

Quebec (25%)

Quebec holds approximately 25% of the market share and is the second-largest region in Canada for RFID adoption. The province is home to significant industries, including aerospace, manufacturing, and retail, all of which are adopting RFID technology to improve efficiency and reduce operational costs. Quebec’s major cities, such as Montreal and Quebec City, are experiencing rising demand for RFID solutions, particularly in logistics and supply chain management. The region’s emphasis on sustainable practices also drives interest in eco-friendly RFID solutions, such as paper-based tags. Additionally, the provincial government’s commitment to innovation and technology-driven solutions is fostering a favorable environment for the growth of RFID applications.

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Key players

Zebra Technologies Corporation
Honeywell International Inc.
GAO RFID Inc.
AVERY DENNISON CORPORATION
HID Global Corporation
Microchip Technology
NXP Semiconductors
Identiv, Inc.
GlobeRanger Corporation
ORBCOMM Inc.
RFID Canada
Elatec Canada
ThingMagic

Competitive Analysis

The Canada RFID market is highly competitive, with several global and local players contributing to its growth. Zebra Technologies Corporation and Honeywell International Inc. are the leading players, offering comprehensive RFID solutions across various industries, including retail, logistics, and healthcare. These companies provide a wide range of products, including RFID tags, readers, and integrated systems, and are known for their strong brand reputation and technological innovations. NXP Semiconductors and Microchip Technology, as key players in RFID chip manufacturing, have a significant impact on the market by providing essential components for RFID systems. Local companies like RFID Canada and Elatec Canada are also gaining traction by offering tailored RFID solutions for the Canadian market, focusing on customer-specific needs. As the demand for RFID solutions continues to grow across various industries, these players are strategically positioning themselves with diverse product portfolios, R&D investments, and regional partnerships to maintain their competitive edge.

Recent Developments

In June 2024, GlobeRanger released iMotion Data Orchestration, a solution that helps businesses manage edge devices such as IoT sensors, RFID readers, and other digital devices, capturing and processing data they generate.

In February 2023, HID Global highlighted its support for an array of IoT technologies, emphasizing its role in developing RFID devices for various sectors including automotive, manufacturing, logistics, aerospace, and energy.

On September 27, 2023, Zebra Technologies released its 2023 Global Warehousing Study, revealing that 58% of warehouse decision-makers plan to deploy RFID technology by 2028 to enhance inventory visibility and reduce out-of-stocks.

In March 2024, Impinj settled a longstanding patent-infringement dispute with NXP Semiconductors, resulting in a one-time payment of $45 million and an annual license fee starting at $15 million in 2024, with incremental increases. Both companies withdrew any ongoing proceedings and signed a patent cross-licensing agreement.

In April 2024, Identiv announced an agreement to sell certain operations and assets to security solutions provider Vitaprotech for $145 million. This includes divesting its physical security, access card, and identity reader operations. The transaction is expected to close in the third quarter.

In November 2023, Avery Dennison completed the acquisition of Silver Crystal Group, a company specializing in customized jerseys and apparel for sports organizations.

Market Concentration and Characteristics

The Canada RFID market is moderately concentrated, with a mix of global and local players vying for market share. Major international companies such as Zebra Technologies, Honeywell, and NXP Semiconductors dominate the market due to their established presence, extensive product portfolios, and technological innovations. These players focus on offering integrated RFID solutions, including hardware, software, and services, catering to a wide range of industries such as retail, healthcare, logistics, and manufacturing. At the same time, local players like RFID Canada and Elatec Canada are capitalizing on regional expertise and tailored solutions, providing strong competition in specific niches. The market is characterized by a high level of technological innovation, with ongoing advancements in RFID hardware, software integration, and IoT connectivity. As demand for real-time tracking, automation, and data management continues to grow, the market is expected to witness increased competition, with both established and emerging players focusing on improving product offerings and expanding their customer bases.

Report Coverage

The research report offers an in-depth analysis based on Product Type, Frequency, Material, End User and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

As industries such as retail, logistics, healthcare, and manufacturing continue to prioritize operational efficiency, the adoption of RFID technology will rise significantly across Canada. This trend will be driven by the growing need for real-time data collection and asset tracking.

The integration of RFID technology with the Internet of Things (IoT) will enhance real-time visibility, allowing businesses to automate data collection and decision-making processes. This convergence is expected to foster further market growth.

As RFID technology becomes more affordable and scalable, businesses of all sizes will increasingly adopt it to reduce operational costs, improve supply chain visibility, and enhance inventory management capabilities.

Ongoing advancements in RFID chip technology will lead to higher efficiency, longer ranges, and lower costs. These improvements will make RFID more accessible for smallerbusinesses and diverse applications.

The healthcare sector in Canada will see increased RFID adoption for patient safety, asset management, and inventory tracking. RFID will play a critical role in streamlining healthcare operations and reducing errors.

With sustainability becoming a priority, the market will see a growing demand for eco-friendly RFID solutions, such as paper-based tags and recyclable materials, catering to environmentally conscious businesses and consumers.

Retailers will continue to implement RFID technology to enable smart retail solutions, such as automated inventory management, enhanced customer experience through contactless payment, and real-time stock tracking, driving the sector’s growth.

RFID will see wider use in transportation and logistics for real-time shipment tracking, toll collection, and fleet management, enhancing operational efficiency and reducing costs in these sectors.

As RFID technology becomes more widespread, regulatory standards for data privacy and security will become stricter, pushing companies to develop secure, compliant RFID systems that meet evolving governmental guidelines.

With growing concerns over privacy and data breaches, RFID system providers will focus on improving encryption and access control measures, ensuring secure data transmission and fostering consumer trust in RFID applications.

CHAPTER NO. 1 : INTRODUCTION 18

1.1.1. Report Description 18

Purpose of the Report 18

USP & Key Product Type 18

1.1.2. Key Benefits for Stakeholders 18

1.1.3. Target Audience 19

1.1.4. Report Scope 19

CHAPTER NO. 2 : EXECUTIVE SUMMARY 20

2.1. RFID Market Snapshot 20

2.1.1. Canada RFID Market, 2018 – 2032 (USD Million) 21

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 22

3.1. Russia-Ukraine and Israel-Palestine War Impacts 22

CHAPTER NO. 4 : RFID MARKET – INDUSTRY ANALYSIS 23

4.1. Introduction 23

4.2. Market Drivers 24

4.2.1. Driving Factor 1 Analysis 24

4.2.2. Driving Factor 2 Analysis 25

4.3. Market Restraints 26

4.3.1. Restraining Factor Analysis 26

4.4. Market Opportunities 27

4.4.1. Market Opportunities Analysis 27

4.5. Porter’s Five Force analysis 28

4.6. Value Chain Analysis 29

4.7. Buying Criteria 30

CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 31

5.1. Company Market Share Analysis – 2023 31

5.1.1. Canada RFID Market: Company Market Share, by Revenue, 2023 31

5.1.2. Canada RFID Market: Top 6 Company Market Share, by Revenue, 2023 31

5.1.3. Canada RFID Market: Top 3 Company Market Share, by Revenue, 2023 32

5.2. Canada RFID Market Company Revenue Market Share, 2023 33

5.3. Company Assessment Metrics, 2023 34

5.3.1. Stars 34

5.3.2. Emerging Leaders 34

5.3.3. Pervasive Players 34

5.3.4. Participants 34

5.4. Start-ups /Code Assessment Metrics, 2023 34

5.4.1. Progressive Companies 34

5.4.2. Responsive Companies 34

5.4.3. Dynamic Companies 34

5.4.4. Starting Blocks 34

5.5. Strategic Developments 35

5.5.1. Acquisition & Mergers 35

New Product Type Launch 35

Regional Expansion 35

5.6. Key Players Product Type Matrix 36

CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 37

6.1. PESTEL 37

6.1.1. Political Factors 37

6.1.2. Economic Factors 37

6.1.3. Social Factors 37

6.1.4. Technological Factors 37

6.1.5. Environmental Factors 37

6.1.6. Legal Factors 37

6.2. Adjacent Market Analysis 37

CHAPTER NO. 7 : RFID MARKET – BY PRODUCT TYPE SEGMENT ANALYSIS 38

7.1. RFID Market Overview, by Product Type Segment 38

7.1.1. RFID Market Revenue Share, By Product Type, 2023 & 2032 39

7.1.2. RFID Market Attractiveness Analysis, By Product Type 40

7.1.3. Incremental Revenue Growth Opportunities, by Product Type, 2024 – 2032 40

7.1.4. RFID Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

7.2. Tags 42

7.3. Readers 43

7.4. Software and Services 44

CHAPTER NO. 8 : RFID MARKET – BY FREQUENCY SEGMENT ANALYSIS 45

8.1. RFID Market Overview, by Frequency Segment 45

8.1.1. RFID Market Revenue Share, By Frequency, 2023 & 2032 46

8.1.2. RFID Market Attractiveness Analysis, By Frequency 47

8.1.3. Incremental Revenue Growth Opportunities, by Frequency, 2024 – 2032 47

8.1.4. RFID Market Revenue, By Frequency, 2018, 2023, 2027 & 2032 48

8.2. Low Frequency 49

8.3. High Frequency 50

8.4. Ultra-High Frequency 51

CHAPTER NO. 9 : RFID MARKET – BY MATERIAL SEGMENT ANALYSIS 52

9.1. RFID Market Overview, by Material Segment 52

9.1.1. RFID Market Revenue Share, By Material, 2023 & 2032 53

9.1.2. RFID Market Attractiveness Analysis, By Material 54

9.1.3. Incremental Revenue Growth Opportunities, by Material, 2024 – 2032 54

9.1.4. RFID Market Revenue, By Material, 2018, 2023, 2027 & 2032 55

9.2. Plastic 56

9.3. Glass 57

9.4. Paper 58

9.5. Others 59

CHAPTER NO. 10 : RFID MARKET – BY END USER SEGMENT ANALYSIS 60

10.1. RFID Market Overview, by End User Segment 60

10.1.1. RFID Market Revenue Share, By End User, 2023 & 2032 61

10.1.2. RFID Market Attractiveness Analysis, By End User 62

10.1.3. Incremental Revenue Growth Opportunities, by End User, 2024 – 2032 62

10.1.4. RFID Market Revenue, By End User, 2018, 2023, 2027 & 2032 63

10.2. Commercial 64

10.3. Animal Tracking 65

10.4. Transportation 66

10.5. Agriculture 67

10.6. Security and Access Control 68

10.7. Healthcare 69

10.8. Retail 70

10.9. Others 71

CHAPTER NO. 11 : RFID MARKET – CANADA 72

11.1. Canada 72

11.1.1. Key Highlights 72

11.2. Product Type 73

11.3. Canada RFID Market Revenue, By Product Type, 2018 – 2023 (USD Million) 73

11.4. Canada RFID Market Revenue, By Product Type, 2024 – 2032 (USD Million) 73

11.5. Frequency 74

11.5.1. Canada RFID Market Revenue, By Frequency, 2018 – 2023 (USD Million) 74

11.6. Material 75

11.6.1. Canada RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 75

11.6.2. Canada RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 75

11.7. End User 76

11.7.1. Canada RFID Market Revenue, By End User, 2018 – 2023 (USD Million) 76

11.7.2. Canada RFID Market Revenue, By End User, 2024 – 2032 (USD Million) 76

CHAPTER NO. 12 : COMPANY PROFILES 77

12.1. Zebra Technologies Corporation 77

12.1.1. Company Overview 77

12.1.2. Product Type Portfolio 77

12.1.3. Swot Analysis 77

12.1.4. Business Strategy 78

12.1.5. Financial Overview 78

12.2. Honeywell International Inc 79

12.3. GAO RFID Inc. 79

12.4. AVERY DENNISON CORPORATION 79

12.5. HID Global Corporation 79

12.6. Microchip Technology 79

12.7. NXP Semiconductors 79

12.8. Identiv, Inc. 79

12.9. GlobeRanger Corporation 79

12.10. ORBCOMM Inc. 79

12.11. RFID Canada 79

12.12. Elatec Canada 79

12.13. ThingMagic 79

12.14. Company 14 79

12.15. Company 15 79

12.16. Others 79

]

List of Figures

FIG NO. 1. Canada RFID Market Revenue, 2018 – 2032 (USD Million) 21

FIG NO. 2. Porter’s Five Forces Analysis for Canada RFID Market 28

FIG NO. 3. Value Chain Analysis for Canada RFID Market 29

FIG NO. 4. Company Share Analysis, 2023 31

FIG NO. 5. Company Share Analysis, 2023 31

FIG NO. 6. Company Share Analysis, 2023 32

FIG NO. 7. RFID Market – Company Revenue Market Share, 2023 33

FIG NO. 8. RFID Market Revenue Share, By Product Type, 2023 & 2032 39

FIG NO. 9. Market Attractiveness Analysis, By Product Type 40

FIG NO. 10. Incremental Revenue Growth Opportunities by Product Type, 2024 – 2032 40

FIG NO. 11. RFID Market Revenue, By Product Type, 2018, 2023, 2027 & 2032 41

FIG NO. 12. Canada RFID Market for Tags, Revenue (USD Million) 2018 – 2032 42

FIG NO. 13. Canada RFID Market for Readers, Revenue (USD Million) 2018 – 2032 43

FIG NO. 14. Canada RFID Market for Software and Services, Revenue (USD Million) 2018 – 2032 44

FIG NO. 15. RFID Market Revenue Share, By Frequency, 2023 & 2032 46

FIG NO. 16. Market Attractiveness Analysis, By Frequency 47

FIG NO. 17. Incremental Revenue Growth Opportunities by Frequency, 2024 – 2032 47

FIG NO. 18. RFID Market Revenue, By Frequency, 2018, 2023, 2027 & 2032 48

FIG NO. 19. Canada RFID Market for Low Frequency, Revenue (USD Million) 2018 – 2032 49

FIG NO. 20. Canada RFID Market for High Frequency, Revenue (USD Million) 2018 – 2032 50

FIG NO. 21. Canada RFID Market for Ultra-High Frequency, Revenue (USD Million) 2018 – 2032 51

FIG NO. 22. RFID Market Revenue Share, By Material, 2023 & 2032 53

FIG NO. 23. Market Attractiveness Analysis, By Material 54

FIG NO. 24. Incremental Revenue Growth Opportunities by Material, 2024 – 2032 54

FIG NO. 25. RFID Market Revenue, By Material, 2018, 2023, 2027 & 2032 55

FIG NO. 26. Canada RFID Market for Plastic, Revenue (USD Million) 2018 – 2032 56

FIG NO. 27. Canada RFID Market for Glass, Revenue (USD Million) 2018 – 2032 57

FIG NO. 28. Canada RFID Market for Paper, Revenue (USD Million) 2018 – 2032 58

FIG NO. 29. Canada RFID Market for Others, Revenue (USD Million) 2018 – 2032 59

FIG NO. 30. RFID Market Revenue Share, By End User, 2023 & 2032 61

FIG NO. 31. Market Attractiveness Analysis, By End User 62

FIG NO. 32. Incremental Revenue Growth Opportunities by End User, 2024 – 2032 62

FIG NO. 33. RFID Market Revenue, By End User, 2018, 2023, 2027 & 2032 63

FIG NO. 34. Canada RFID Market for Commercial, Revenue (USD Million) 2018 – 2032 64

FIG NO. 35. Canada RFID Market for Animal Tracking, Revenue (USD Million) 2018 – 2032 65

FIG NO. 36. Canada RFID Market for Transportation, Revenue (USD Million) 2018 – 2032 66

FIG NO. 37. Canada RFID Market for Agriculture, Revenue (USD Million) 2018 – 2032 67

FIG NO. 38. Canada RFID Market for Security and Access Control, Revenue (USD Million) 2018 – 2032 68

FIG NO. 39. Canada RFID Market for Healthcare, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. Canada RFID Market for Retail, Revenue (USD Million) 2018 – 2032 70

FIG NO. 41. Canada RFID Market for Others, Revenue (USD Million) 2018 – 2032 71

FIG NO. 42. Canada RFID Market Revenue, 2018 – 2032 (USD Million) 72

List of Tables

TABLE NO. 1. : Canada RFID Market: Snapshot 20

TABLE NO. 2. : Drivers for the RFID Market: Impact Analysis 24

TABLE NO. 3. : Restraints for the RFID Market: Impact Analysis 26

TABLE NO. 4. : Canada RFID Market Revenue, By Product Type, 2018 – 2023 (USD Million) 73

TABLE NO. 5. : Canada RFID Market Revenue, By Product Type, 2024 – 2032 (USD Million) 73

TABLE NO. 6. : Canada RFID Market Revenue, By Frequency, 2018 – 2023 (USD Million) 74

TABLE NO. 7. : Canada RFID Market Revenue, By Frequency, 2018 – 2023 (USD Million) 74

TABLE NO. 8. : Canada RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 75

TABLE NO. 9. : Canada RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 75

TABLE NO. 10. : Canada RFID Market Revenue, By End User, 2018 – 2023 (USD Million) 76

TABLE NO. 11. : Canada RFID Market Revenue, By End User, 2024 – 2032 (USD Million) 76

Frequently Asked Questions

What is the projected market size of the Canada RFID Market in 2023 and 2032?

The Canada RFID Market is projected to grow from USD 487.18 million in 2024 to an estimated USD 1,102.85 million by 2032, with a compound annual growth rate (CAGR) of 9.5% from 2025 to 2032.

What are the main industries driving the growth of the RFID market in Canada?

The retail, healthcare, logistics, and manufacturing sectors are key drivers of the RFID market in Canada. These industries are adopting RFID technology to enhance operational efficiency, reduce costs, and improve asset tracking.

How is RFID technology benefiting the retail industry in Canada?

In the retail industry, RFID technology is being used to optimize inventory management, improve customer experiences, enable contactless payments, and enhance efficient stock tracking, all of which contribute to better operational performance.

Which regions in Canada are driving RFID market growth?

Major urban centers like Toronto and Vancouver, supported by a robust logistics and retail sector, are central to the growth of the RFID market in Canada. These regions have well-developed infrastructures that foster technological advancements.

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