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Mexico RFID Market

Mexico 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
Mexico RFID Market Size 2024	USD 367.24 million
Mexico RFID Market, CGR	8.7%
Mexico RFID Market Size 2032	USD 780.45 million

Market Overview

The Mexico RFID Market is projected to grow from USD 367.24 million in 2024 to an estimated USD 780.45 million by 2032, with a compound annual growth rate (CAGR) of 8.7% from 2025 to 2032. This growth is driven by the increasing adoption of RFID technology across various industries, including retail, healthcare, logistics, and manufacturing.

Several factors are contributing to the growth of the Mexico RFID market. The rising demand for efficient and automated inventory tracking systems is one of the primary drivers, as companies seek ways to optimize their supply chains. Additionally, the increasing focus on reducing operational costs and enhancing product traceability is pushing businesses to adopt RFID solutions. Emerging trends, such as the integration of Internet of Things (IoT) and cloud-based RFID solutions, are also fueling the market’s expansion. Moreover, the government’s initiatives to modernize infrastructure and boost technological adoption play a role in the market’s growth.

Geographically, the RFID market in Mexico is experiencing substantial growth, with a strong focus on urban regions that serve as economic hubs. Key players in the market include companies such as Zebra Technologies, Impinj, and NXP Semiconductors, which are actively expanding their presence in the country. These companies are investing in innovative RFID solutions tailored to meet the needs of diverse industries, strengthening the market’s competitiveness and supporting its expansion in the region.

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Market Insights

The Mexico RFID market is projected to grow from USD 367.24 million in 2024 to USD 780.45 million by 2032, with a CAGR of 8.7% from 2025 to 2032, driven by increased adoption of RFID across various sectors.
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.
Key drivers include rising demand for efficient supply chain management, automation, and real-time data access, especially in industries like retail, healthcare, and logistics.
The integration of IoT and cloud-based RFID solutions is enabling smarter, more efficient systems, which is further accelerating market growth.
Government programs focused on modernizing infrastructure and promoting technological adoption are contributing to the increased uptake of RFID solutions in Mexico.
High initial implementation costs and security concerns regarding data privacy and protection pose challenges to the widespread adoption of RFID technology.
Urban regions like Mexico City, Monterrey, and Guadalajara dominate the RFID market, with a strong focus on sectors such as logistics, retail, and manufacturing.
Major players such as Zebra Technologies, Impinj, and NXP Semiconductors are leading the market with innovative RFID solutions tailored to meet the needs of diverseindustries in Mexico.

Report Scope

This report segments the Mexico RFID Market as follows:

Market Drivers

Increased Adoption of RFID for Supply Chain Optimization

One of the primary drivers fueling the growth of the RFID market in Mexico is the widespread adoption of RFID technology for supply chain and inventory management. As businesses continue to face increasing demands for efficient and accurate inventory tracking, RFID provides an effective solution. By automating processes such as stock counting and asset tracking, RFID systems allow companies to minimize human error and reduce the time required for inventory management tasks. This leads to cost savings and more effective resource utilization, which are essential for businesses operating in competitive markets. Retailers and manufacturers are particularly leveraging RFID to improve their supply chain visibility and streamline operations. RFID technology enables real-time tracking of goods as they move through various stages of the supply chain, from production to warehousing and distribution. For instance, RFID adoption in Mexico’s logistics sector has significantly improved inventory accuracy and operational efficiency. This allows businesses to optimize their operations, reduce delays, and ensure that products are available when needed, thus enhancing customer satisfaction. In Mexico, companies across industries such as retail, logistics, and manufacturing are increasingly investing in RFID to address these operational challenges and improve efficiency. Additionally, the growing demand for faster and more accurate delivery times, particularly in e-commerce, has accelerated the need for advanced technologies like RFID to maintain competitiveness. Retailers in Mexico are adopting RFID to better manage stock levels, predict demand, and improve product availability, which is essential in meeting the expectations of modern consumers.

Government Support for Technology Integration and Infrastructure Development

The Mexican government has been playing a pivotal role in supporting the adoption of emerging technologies, including RFID, through various initiatives aimed at modernizing infrastructure and promoting digital transformation. The government’s push for digitalization, combined with strategic investments in technology-driven sectors, has created a favorable environment for the growth of the RFID market. Policies that encourage the integration of digital tools across industries, including logistics, healthcare, and manufacturing, have helped drive the adoption of RFID solutions. Government programs designed to improve supply chain infrastructure, enhance logistics networks, and promote smart cities contribute significantly to the increased use of RFID technology. For instance, the government’s efforts to develop and modernize transportation networks, coupled with efforts to introduce more automation and efficiency, have led to a demand for RFID solutions. This includes the use of RFID for vehicle tracking in public transportation systems and asset management in government facilities. Additionally, with the rise in smart manufacturing initiatives and Industry 4.0 strategies, there is a growing need for real-time data collection and automation. RFID technology fits seamlessly into this framework, enabling businesses to increase automation levels and integrate their systems more efficiently. These developments are expected to continue driving the adoption of RFID in Mexico, particularly in sectors focused on technological integration.

Growing Demand for Real-Time Data and Improved Customer Experience

In today’s fast-paced business environment, the ability to access real-time data is a key differentiator for companies looking to maintain operational efficiency and enhance customer experience. RFID technology plays a crucial role in providing real-time visibility into inventory levels, asset movements, and product availability, which is increasingly valued by businesses and customers alike. The demand for real-time data is growing in industries such as retail, logistics, and healthcare, as companies look to improve operational transparency and optimize customer interactions. Retailers in Mexico, for example, are increasingly adopting RFID technology to better track product movements and streamline stock replenishment. This enhances the accuracy of their inventory and ensures that products are available when customers need them. Additionally, RFID enables quicker and more efficient check-out processes, improving the overall shopping experience. For businesses, the ability to track products and assets in real time leads to better inventory management, reduced stockouts, and faster response times to consumer demand. Beyond retail, industries such as logistics and healthcare also benefit from the ability to access real-time data. In logistics, RFID allows for more efficient routing and scheduling of shipments, reducing delays and improving supply chain efficiency. In healthcare, RFID is used for tracking medical equipment, ensuring its availability when needed, and improving patient care. This growing demand for real-time data is expected to continue driving the adoption of RFID solutions in Mexico as businesses seek to stay competitive and meet consumer expectations.

Technological Advancements and Integration with IoT and Cloud Solutions

The evolution of RFID technology, including the integration of RFID with the Internet of Things (IoT) and cloud computing, is significantly contributing to the expansion of the market in Mexico. Advancements in RFID technology have led to more sophisticated and efficient solutions that offer enhanced functionality and greater flexibility. RFID systems that are integrated with IoT devices enable businesses to collect and analyze vast amounts of data in real time, which provides valuable insights into operations and customer behaviors. Cloud-based RFID solutions have also become more popular, as they allow businesses to store, access, and manage data remotely. This eliminates the need for costly on-premise infrastructure and makes RFID systems more accessible to small and medium-sized enterprises (SMEs) in Mexico, driving broader adoption across the market. Cloud-enabled RFID systems also provide businesses with greater scalability and the ability to integrate RFID data with other enterprise systems, such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) platforms. The combination of IoT and RFID is enhancing the capabilities of businesses to track products, assets, and vehicles more effectively, resulting in more efficient supply chains and operations. These technological advancements are also allowing for new applications of RFID technology, such as predictive maintenance in manufacturing, automatic replenishment in retail, and more efficient inventory management across various sectors. As these advanced technologies become more affordable and accessible, their adoption is expected to grow rapidly in Mexico, further driving the demand for RFID solutions.

Market Trends

Integration of RFID with Internet of Things (IoT)

The integration of RFID technology with the Internet of Things (IoT) is rapidly gaining traction in Mexico’s RFID market. By combining RFID with IoT, companies are able to create more connected and efficient systems that provide real-time tracking and automated data collection across various sectors. This integration allows for seamless communication between RFID-enabled devices and other connected systems, enabling businesses to gain deeper insights into their operations. For instance, in the retail sector, RFID IoT systems help track inventory levels in real time, offering improved stock management and reducing the risk of stockouts. This combination also facilitates predictive maintenance in industries such as manufacturing, where RFID IoT networks can monitor equipment status and schedule maintenance before failures occur. The ability to collect and analyze data from RFID sensors embedded in products or equipment, combined with cloud computing, is making these systems more powerful and cost-effective. As IoT continues to evolve, the role of RFID in creating smart, connected environments in sectors like logistics, retail, and healthcare will further accelerate its adoption in Mexico.

Cloud-Based RFID Solutions for Scalability and Flexibility

Cloud-based RFID solutions are becoming an essential trend in the Mexico RFID market, providing businesses with greater scalability, flexibility, and cost-efficiency. By leveraging cloud technology, companies can store and manage large volumes of RFID data remotely, eliminating the need for expensive on-premise infrastructure. For instance, leading logistics and retail firms in Mexico have integrated cloud-based RFID systems, with over 5,000 businesses adopting these solutions to enhance inventory tracking and asset management. This shift to cloud-based systems is particularly beneficial for small and medium-sized enterprises (SMEs) that may not have the capital for extensive IT infrastructure.With cloud-based RFID systems, businesses can easily scale their operations by adding more devices or locations without worrying about the complexity of managing physical servers. Cloud-based solutions also offer real-time access to data, allowing businesses to monitor inventory, track assets, and manage supply chains from any location.Additionally, these systems provide better integration with other enterprise applications such as Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) platforms, further enhancing business operations. As more companies in Mexico adopt cloud-based solutions, the RFID market is expected to continue evolving, offering businesses a more seamless and cost-effective approach to managing their operations.

Growth in RFID Adoption for Healthcare and Pharmaceuticals

The healthcare and pharmaceutical sectors in Mexico are increasingly adopting RFID technology for asset tracking, patient management, and medication safety. RFID solutions help healthcare providers manage medical equipment and supplies more effectively, ensuring that critical resources are available when needed. In hospitals, RFID tags are being used to track medical devices, reducing the risk of equipment loss or misplacement. RFID is also helping improve patient safety by enabling accurate identification and tracking of patients, preventing errors such as medication mix-ups or incorrect procedures. Moreover, in the pharmaceutical industry, RFID is being utilized to enhance drug traceability and combat counterfeit medications. By tagging pharmaceutical products with RFID, stakeholders can ensure the authenticity and proper handling of drugs throughout the supply chain. As the demand for efficient healthcare services grows in Mexico, and with increasing government support for technological advancements in healthcare, RFID adoption in this sector is expected to rise, driving market growth.

RFID Implementation in Smart Retail and Inventory Management

The retail industry in Mexico is undergoing a transformation with the widespread implementation of RFID technology for smarter inventory management and enhanced customer experiences. Retailers are using RFID to automate stock management, enabling real-time visibility into inventory levels and more accurate tracking of goods throughout the supply chain. This technology allows for faster, more efficient stock replenishment and reduces the occurrence of stockouts, ensuring that products are always available to meet consumer demand. Additionally, RFID-enabled smart shelves and checkout systems are improving the customer experience by enabling faster and more accurate transactions. Retailers are also leveraging RFID to personalize customer interactions, offering tailored promotions based on the products a customer purchases or shows interest in. The growing trend of e-commerce and omnichannel retailing in Mexico is also contributing to the adoption of RFID as a means of improving stock visibility and fulfilling online orders more efficiently. As more retailers in Mexico embrace RFID technology, the market is expected to continue evolving with innovative applications that improve operational efficiency and the overall shopping experience.

Market Challenges

High Initial Implementation Costs

The Mexico RFID market presents significant opportunities in emerging sectors such as agriculture, logistics, and smart cities. As industries across Mexico embrace technological advancements, RFID is increasingly being integrated into new applications to enhance operational efficiency. One of the key challenges facing businesses in this market is the high initial cost of implementing RFID systems. The cost of RFID tags, readers, and software solutions can be significant, particularly for small and medium-sized enterprises (SMEs) that are hesitant to adopt this technology. While RFID offers long-term benefits such as improved inventory management, enhanced operational efficiency, and better supply chain visibility, the upfront investment required for hardware and software infrastructure remains a barrier for many businesses in Mexico. For instance, RFID technology is being leveraged in Mexico’s agriculture sector for livestock tracking and food safety improvements. RFID tags help farmers monitor animal health and movement, ensuring better disease control and supply chain transparency. In logistics, RFID adoption is growing due to the increasing demand for efficient inventory management. Mexican companies are integrating RFID into warehousing and last-mile delivery operations to enhance tracking accuracy and reduce operational inefficiencies. The expansion of e-commerce and the push for digital transformation in Mexico’s logistics infrastructure provide a fertile ground for RFID solutions that optimize warehousing, last-mile delivery, and asset tracking. Additionally, Mexico’s smart city initiatives are incorporating RFID to improve urban infrastructure. RFID-enabled transportation systems are being deployed to streamline public transit operations and enable real-time monitoring of city services. While large corporations may have the resources to invest in RFID, smaller companies may find it difficult to take the leap, slowing down widespread adoption.

Data Privacy and Security Concerns

As RFID technology becomes more pervasive across various industries in Mexico, concerns related to data privacy and security are emerging as significant challenges. RFID systems rely on the wireless transmission of data between tags and readers, which can expose sensitive information to unauthorized access if not properly secured. This vulnerability is particularly concerning in sectors like healthcare, retail, and logistics, where confidential data, such as patient information, financial records, or proprietary product details, may be transmitted over the RFID network. The lack of robust encryption protocols or security measures can lead to data breaches, compromising both the privacy of individuals and the integrity of business operations. Additionally, the increasing number of connected devices in RFID-enabled systems raises the risk of cyberattacks, making it essential for businesses to adopt comprehensive cybersecurity frameworks. In Mexico, where data protection laws are still evolving, companies may face challenges in navigating the regulatory landscape regarding the collection and transmission of personal and sensitive data. As such, businesses must not only invest in secure RFID systems but also ensure compliance with data privacy regulations and adopt best practices to safeguard against potential breaches. The need for continuous updates and advanced security features in RFID solutions adds complexity and costs for businesses, which may slow down the market’s growth.

Market Opportunities

Expansion of RFID in Emerging Sectors

Growth in Healthcare and Pharmaceutical Applications

Another key opportunity in the Mexico RFID market lies in the healthcare and pharmaceutical industries. With increasing demands for improved patient safety, asset tracking, and medication management, RFID technology offers solutions to enhance operational efficiency in hospitals and clinics. RFID can improve inventory management for medical equipment, ensuring that vital resources are easily tracked and available when needed. In pharmaceuticals, RFID provides a robust system for combating counterfeit drugs and enhancing drug traceability through the supply chain. As Mexico’s healthcare system modernizes and embraces digital technologies, the adoption of RFID will grow rapidly, driving demand for advanced tracking systems in patient care and medical logistics. This growth in healthcare applications presents a substantial opportunity for RFID providers to capture a significant share of the market.

Market Segmentation Analysis

By Product Type

The Mexico RFID market is segmented into three primary product types: tags, readers, and software and services. RFID tags are the most commonly used component, driving the market’s growth, particularly in industries such as retail, logistics, and healthcare. Tags are used to store and transmit data related to an item’s identity, location, and status, and they are typically attached to products, assets, or animals for easy identification and tracking. The demand for RFID readers, which are used to capture the data from RFID tags, is also increasing as businesses require real-time data collection and analysis for efficient operations. Readers are often integrated into supply chain management systems, warehouses, and retail stores for inventory control and asset management. Software and services in the RFID segment include the platforms and systems needed to process and analyze the data collected from RFID tags and readers, as well as installation and maintenance services. As the market grows, companies are increasingly investing in integrated RFID systems that offr enhanced functionality and data management capabilities, fueling demand in this segment.

By Frequency

The RFID market in Mexico is also categorized by frequency: low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). Low-frequency RFID operates at a range of 30 kHz to 300 kHz and is commonly used in animal tracking and access control applications due to its ability to work in harsh environments. High-frequency RFID, operating at 3 MHz to 30 MHz, is widely used in applications such as ticketing, smart cards, and libraries, offering medium-range read capabilities. Ultra-high frequency RFID (UHF), operating in the 860 MHz to 960 MHz range, is the most commonly used frequency for supply chain management, retail inventory control, and logistics. UHF RFID offers a long-range read capability and high-speed data transmission, making it ideal for large-scale applications that require real-time data acquisition and fast processing speeds.

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

Mexico City
Monterrey
Guadalajara
Other emerging areas

Regional Analysis

Mexico City (45%)

Mexico City remains the dominant region in the RFID market, accounting for the largest market share of approximately 45%. As the country’s economic hub, Mexico City hosts a high concentration of industries that are rapidly adopting RFID solutions for supply chain optimization, inventory management, and asset tracking. The region is home to major retailers, logistics companies, and healthcare facilities that utilize RFID technology for real-time data collection and operational efficiency. The strong presence of both multinational and local businesses in sectors such as retail, manufacturing, and logistics further accelerates the demand for RFID systems. Additionally, Mexico City benefits from significant infrastructure investments that support the integration of advanced technologies, including RFID.

Monterrey (20%)

Monterrey, another key region in Mexico, holds a market share of about 20%. As a leading industrial center, Monterrey’s manufacturing and logistics sectors are major contributors to the growing adoption of RFID solutions. The region is known for its automotive and industrial manufacturing, where RFID is increasingly being used for asset tracking, quality control, and supply chain management. The adoption of RFID technology is also growing in Monterrey’s retail and commercial sectors, where businesses are investing in RFID systems to enhance inventory visibility and improve customer service.

Key players

Zebra Technologies Corporation
Honeywell International Inc.
GAO RFID Inc.
AVERY DENNISON CORPORATION
HID Global Corporation
Microchip Technology
NXP Semiconductors
ORBCOMM Inc.
Fargo Electronics
RFID Global Solutions
ID Tech
Sato Mexico

Competitive Analysis

The Mexico RFID market is characterized by a diverse range of key players, each contributing unique strengths to the sector. Zebra Technologies Corporation and Honeywell International Inc. dominate the market with their extensive RFID product portfolios, covering tags, readers, and software solutions. These companies lead in terms of market presence and technological innovation. NXP Semiconductors and Microchip Technology are pivotal in providing advanced RFID chips and solutions that enable more efficient data management and automation. Companies like Avery Dennison and Sato Mexico focus on offering durable RFID labels and tags, crucial for industries such as retail and logistics. Smaller but growing players like GAO RFID Inc. and RFID Global Solutions focus on niche applications and offer cost-effective solutions, catering to industries such as agriculture and healthcare. Overall, the competitive landscape is driven by technological innovation, integration capabilities, and tailored solutions for specific industry needs.

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 Mexico RFID market exhibits a moderate level of market concentration, with a mix of global players and regional suppliers competing for market share. Leading international companies such as Zebra Technologies, Honeywell International, and NXP Semiconductors dominate the market, particularly in sectors like retail, logistics, and manufacturing, due to their comprehensive product portfolios and established brand recognition. However, regional players like Sato Mexico and GAO RFID Inc. also contribute to the market by offering tailored solutions for specific industries such as agriculture, healthcare, and small-to-medium enterprises (SMEs). The market is characterized by technological innovation, particularly in the areas of cloud-based RFID systems, IoT integration, and advancements in RFID tags and readers. Additionally, the growing demand for RFID in emerging sectors such as smart cities and agriculture is diversifying the market landscape, offering opportunities for both large corporations and smaller, specialized companies to thrive.

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

The retail sector in Mexico will continue to drive RFID adoption for inventory management, enhancing real-time stock visibility and improving customer experiences. This will lead to higher efficiency and reduced operational costs for retailers.

As healthcare providers seek to improve patient safety and asset management, RFID technology will see increased adoption for tracking medical equipment, pharmaceuticals, and patient identification. This will improve operational efficiency and reduce medical errors.

RFID technology will see rising demand in agriculture, particularly for livestock tracking and crop management, providing better traceability and optimizing supply chains in the agricultural sector. This will enhance food safety and improve efficiency.

The integration of RFID with IoT technology will enable smarter, more connected supply chains, allowing real-time data collection and analysis. This will drive the growth of RFID in industries such as logistics, retail, and manufacturing.

Mexico’s increasing focus on digital transformation and smart city initiatives will further accelerate the adoption of RFID technology. RFID will play a key role in managing urban infrastructure, transportation, and public services.

Technological advancements in RFID tags and readers, including the development of more durable and cost-effective options, will increase the adoption of RFID solutions across various sectors. This will lead to widespread use in industries such as logistics and retail.

The rise of cloud-based RFID solutions will allow businesses to store and manage RFID data remotely, providing scalability and ease of integration. This will make RFID technology more accessible to small and medium-sized businesses in Mexico.

As mobile payment solutions and contactless transactions continue to grow in popularity, RFID technology will play a key role in enabling secure and efficient payment systems. This will drive further adoption in retail and transportation sectors.

The logistics and supply chain sectors will continue to adopt RFID to optimize inventory management, improve shipment tracking, and reduce operational costs. RFID’s ability to enhance supply chain visibility will be a key factor in its future growth.

With growing concerns about environmental impact, the demand for eco-friendly and sustainable RFID solutions will rise. Companies will invest in biodegradable tags and energy-efficient readers, aligning with global sustainability trends while supporting the growth of RFID adoption in Mexico.

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. Mexico 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. Mexico RFID Market: Company Market Share, by Revenue, 2023 31

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

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

5.2. Mexico 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 – MEXICO 72

11.1. Mexico 72

11.1.1. Key Highlights 72

11.2. Product Type 73

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

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

11.5. Frequency 74

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

11.6. Material 75

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

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

11.7. End User 76

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

11.7.2. Mexico 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. ORBCOMM Inc 79

12.9. Fargo Electronics 79

12.10. RFID Global Solutions. 79

12.11. ID Tech 79

12.12. Sato Mexico 79

12.13. Company 13 79

12.14. Company 14 79

12.15. Company 15 79

12.16. Others 79

]

List of Figures

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

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

FIG NO. 3. Value Chain Analysis for Mexico 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. Mexico RFID Market for Tags, Revenue (USD Million) 2018 – 2032 42

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

FIG NO. 14. Mexico 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. Mexico RFID Market for Low Frequency, Revenue (USD Million) 2018 – 2032 49

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

FIG NO. 21. Mexico 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. Mexico RFID Market for Plastic, Revenue (USD Million) 2018 – 2032 56

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

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

FIG NO. 29. Mexico 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. Mexico RFID Market for Commercial, Revenue (USD Million) 2018 – 2032 64

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

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

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

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

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

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

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

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

List of Tables

TABLE NO. 1. : Mexico 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. : Mexico RFID Market Revenue, By Product Type, 2018 – 2023 (USD Million) 73

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

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

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

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

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

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

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

Frequently Asked Questions

What is the market size of the Mexico RFID market in 2023 and 2032?

The Mexico RFID market is projected to reach USD 367.24 million in 2024 and grow to USD 780.45 million by 2032, with a compound annual growth rate (CAGR) of 8.7% from 2025 to 2032.

What are the main drivers for the growth of the RFID market in Mexico?

The main drivers include the increasing adoption of RFID technology for supply chain optimization, inventory tracking, and enhanced customer experience across various industries like retail, healthcare, and logistics.

Which industries are primarily driving the demand for RFID technology in Mexico?

Key industries driving demand for RFID technology in Mexico include retail, logistics, healthcare, and manufacturing, where RFID helps streamline operations, improve inventory management, and reduce operational costs.

Who are the key players in the Mexico RFID market?

Leading companies such as Zebra Technologies, Impinj, and NXP Semiconductors are actively expanding their presence in Mexico, providing innovative RFID solutions tailored to meet the needs of various industries.

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