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South Korea RFID Market

South Korea 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
South Korea RFID Market Size 2024	USD608.63 million
South Korea RFID Market, CAGR	10.8%
South Korea RFID Market Size 2032	USD1,531.44 million

Market Overview

The South Korea RFID Market is projected to grow from USD608.63 million in 2024 to an estimated USD1,531.44 million by 2032, with a compound annual growth rate (CAGR) of 10.8% from 2025 to 2032. This growth reflects the increasing adoption of RFID technology across various sectors, driven by the need for real-time data tracking and efficient asset management solutions.

Several factors are driving the growth of the RFID market in South Korea. The demand for RFID solutions is being fueled by advancements in retail, logistics, healthcare, and manufacturing sectors, where automation and supply chain visibility are critical. The shift towards digital transformation and Industry 4.0 also plays a significant role in boosting RFID adoption. Additionally, the rising awareness about inventory control, asset tracking, and theft prevention is contributing to the expanding market.

Geographically, South Korea is a prominent player in the RFID market, with key players such as LG Electronics, Samsung Electronics, and SML Group leading the development and deployment of innovative RFID solutions. The country’s robust manufacturing and technological infrastructure provide a strong foundation for market growth. The government’s support for smart city initiatives and technological innovation further accelerates the implementation of RFID solutions across industries.

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Market Insights

The South Korea RFID market is projected to grow from USD608.63 million in 2024 to USD1,531.44 million by 2032, with a CAGR of 10.8%. The market is driven by the increasing need for real-time data tracking and efficient asset management solutions 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 advancements in sectors such as retail, logistics, healthcare, and manufacturing, along with the shift towards automation and digital transformation. The adoption of Industry 4.0 is also playing a significant role in the market’s growth.
High initial costs for implementation and concerns over data security are key challenges. Additionally, small and medium-sized businesses may face difficulties in adopting RFID technology due to the financial investment required.
RFID solutions are increasingly integrating with IoT and AI technologies, enhancing data analytics capabilities, and driving the automation of processes across industries like logistics, retail, and healthcare.
The South Korean government’s emphasis on smart city initiatives and technological innovation supports the growth of RFID adoption, providing a conducive environment for its implementation across various sectors.
Seoul and Incheon dominate the market, contributing to more than half of the market share. Other regions like Gyeonggi and Busan are seeing growth in RFID applications, particularly in logistics, healthcare, and manufacturing.
Key players such as LG Electronics, Samsung Electronics, and SML Group are leading the development and deployment of RFID solutions. These companies are driving innovation and contributing to the widespread adoption of RFID technology in South Korea.

Report Scope

This report segments the South Korea RFID Market as follows:

Market Drivers

Increasing Demand for Supply Chain Optimization and Automation

One of the key drivers propelling the growth of the South Korea RFID market is the increasing demand for supply chain optimization and automation. With the rise in e-commerce and the need for real-time tracking of goods, industries are shifting towards more efficient, automated solutions to manage inventory, shipments, and assets. RFID technology offers the advantage of providing quick, accurate, and real-time data on goods as they move through the supply chain. In sectors such as retail, logistics, and manufacturing, RFID tags enable businesses to track inventory levels, reduce operational errors, and enhance visibility throughout the supply chain. For instance, RFID adoption in South Korea’s logistics sector has significantly improved inventory accuracy and operational efficiency. This heightened focus on operational efficiency is driving companies to adopt RFID solutions, leading to market expansion. RFID systems offer businesses a competitive edge by reducing operational costs, enhancing inventory management, and improving the customer experience through more accurate order fulfillment.

Advancements in Retail and Consumer Goods Industry

The retail and consumer goods industry is another significant driver of the RFID market in South Korea. Retailers are increasingly adopting RFID technology for inventory management, security, and improving the overall shopping experience. The implementation of RFID systems allows retailers to automate stocktaking, minimize stockouts, and reduce the time spent on manual inventory checks. The ability to track products at every point in the supply chain also enhances operational efficiency and helps retailers maintain high stock accuracy levels. Additionally, RFID technology allows for more personalized customer experiences, as businesses can collect valuable data on consumer preferences, which can be used to tailor marketing efforts and optimize inventory for demand fluctuations. For instance, RFID technology usage in South Korea’s retail sector has expanded significantly, with major retailers integrating RFID tags to streamline inventory management. This growing reliance on RFID solutions in retail, particularly in large department stores, supermarkets, and online platforms, is a major driver of market growth in South Korea.

Government Initiatives for Smart Cities and Technological Advancements

The South Korean government has been at the forefront of promoting technological advancements through initiatives aimed at building smart cities. With the government’s focus on smart city development, there has been a concerted push to integrate advanced technologies like RFID into various urban management systems. RFID applications are crucial in enhancing smart transportation systems, waste management, energy conservation, and urban infrastructure management. The government’s commitment to adopting cutting-edge technologies in public and private sectors supports the continued expansion of RFID solutions. Furthermore, the rise of Industry 4.0, where the integration of digital technologies such as the Internet of Things (IoT) and RFID is pivotal, is helping drive demand for RFID adoption across industries. As South Korea continues to innovate in smart technologies, the demand for RFID systems in areas such as public services, healthcare, and transportation is expected to grow, contributing significantly to the market’s expansion.

Growth in Healthcare and Medical Applications

The healthcare sector is increasingly recognizing the potential of RFID technology in improving patient care, streamlining operations, and ensuring the safety and efficiency of medical procedures. In South Korea, the growing adoption of RFID solutions within healthcare institutions is driving the RFID market. RFID tags are used in various applications, including patient tracking, medical equipment management, pharmaceutical management, and staff tracking. These systems help healthcare providers monitor the location of medical equipment in real-time, ensuring critical devices are readily available when needed, reducing errors in medication administration, and improving patient safety. With the increasing focus on healthcare efficiency, patient satisfaction, and reducing operational costs, RFID adoption is becoming a standard practice in hospitals and clinics. Furthermore, RFID technology aids in reducing the risk of counterfeit drugs by allowing the tracking of pharmaceuticals from production to delivery. As South Korea continues to invest in healthcare infrastructure and patient care technologies, RFID systems are expected to see widespread adoption, further driving market growth.

Market Trends

Integration of RFID with Internet of Things (IoT) and Industry 4.0

One of the most prominent trends in the South Korea RFID market is the increasing integration of RFID technology with the Internet of Things (IoT) and Industry 4.0. As industries move toward more connected, automated operations, RFID technology plays a key role in enabling seamless communication between devices and systems. South Korea has been actively investing in smart factories, with over 30% of its manufacturing sector expected to be automated by 2025. RFID tags help monitor equipment, inventory, and processes in real time, facilitating predictive maintenance, reducing downtime, and enhancing overall production efficiency. The integration with IoT allows for the aggregation of data from RFID systems with other digital technologies, providing deeper insights and enabling businesses to make more informed decisions. South Korea’s push toward technological advancements in manufacturing and automation makes this trend particularly relevant, as companies leverage RFID-enabled smart systems to optimize their operations, boost productivity, and reduce costs. The growing convergence of RFID and IoT is setting the stage for transformative changes in industries ranging from manufacturing to logistics.

Adoption of RFID for Retail and Contactless Payments

Another key trend in the South Korea RFID market is the growing adoption of RFID for retail and contactless payment systems. Retailers are increasingly using RFID to streamline inventory management, enhance security, and improve customer experience. South Korea has seen a significant rise in contactless payments, with over 40% of total transactions being non-face-to-face payments in 2022. RFID-based contactless payments are gaining traction in South Korea’s highly tech-savvy consumer market, where mobile payments and digital wallets are widely accepted. The adoption of RFID for payment systems enables faster, secure, and more convenient transactions, which aligns with the growing demand for seamless shopping experiences. Consumers can quickly make payments by simply scanning RFID-enabled cards or devices, while retailers benefit from improved transaction efficiency, reduced fraud, and better customer satisfaction. This trend is particularly notable in South Korea, where the retail industry is rapidly embracing digital transformation and contactless technologies to meet the evolving expectations of consumers.

Focus on Enhanced Security and Anti-Counterfeit Applications

The growing focus on security and anti-counterfeit applications is another significant trend in the South Korean RFID market. As industries face increasing threats related to product counterfeiting, RFID technology offers a reliable solution for authenticating products and ensuring the integrity of the supply chain. RFID tags embedded with unique identification codes enable the tracking of goods from production to distribution, reducing the risk of counterfeit products entering the market. This trend is particularly relevant in sectors such as pharmaceuticals, luxury goods, and electronics, where the risk of counterfeiting is high. In South Korea, both government regulations and consumer demand for authenticity are driving the adoption of RFID systems to protect against fraud and enhance product security. Additionally, RFID systems help improve the traceability of products, allowing businesses to respond quickly to quality issues and manage product recalls more effectively.

Implementation of RFID for Smart Healthcare Solutions

The healthcare sector in South Korea is increasingly leveraging RFID technology for smart healthcare solutions. RFID applications are being used to improve patient safety, equipment tracking, and medication management in hospitals and clinics. For example, RFID-enabled wristbands are used to track patients, ensuring accurate identification and reducing the risk of medical errors. RFID technology is also being used to track medical equipment, ensuring that vital tools and devices are always available when needed. This trend is part of South Korea’s broader push to modernize healthcare and improve efficiency in medical facilities. RFID systems help streamline workflows, reduce manual labor, and enhance patient care by providing real-time data on equipment and patient status. As the demand for healthcare automation and safety continues to rise, RFID technology is becoming an essential part of South Korea’s healthcare infrastructure. This trend is expected to accelerate with the ongoing investments in digital health solutions and the government’s push to integrate advanced technologies in the healthcare sector.

Market Challenges

High Initial Investment and Implementation Costs

One of the key challenges facing the South Korea RFID market is the high initial investment required for the implementation of RFID systems. Despite the significant long-term benefits of RFID technology, such as improved supply chain efficiency, inventory accuracy, and security, the upfront costs associated with purchasing RFID tags, readers, software, and infrastructure can be substantial. This is particularly challenging for small and medium-sized enterprises (SMEs) that may not have the financial resources to invest in such advanced technology. For instance, South Korea has seen RFID adoption in industries such as agriculture and transportation. RFID technology is widely used in agricultural applications for livestock tracking and food safety monitoring. Additionally, the transportation and storage sector has integrated RFID to enhance logistics efficiency and streamline supply chain operations. In addition to the cost of the hardware, businesses also need to factor in the cost of integrating RFID systems into their existing operations, which may require custom software development, employee training, and ongoing maintenance. While RFID adoption can result in operational efficiencies and cost savings over time, the financial barrier can deter companies, especially in the early stages of adoption. This challenge is compounded by the rapid pace of technological advancement, which means that companies need to continuously invest in upgrading their systems to stay competitive. Therefore, businesses in South Korea may be hesitant to fully adopt RFID technology until the financial returns from such investments are clearer, which can slow down the overall market growth.

Data Security and Privacy Concerns

Another significant challenge in the South Korean RFID market is the growing concern over data security and privacy issues. RFID systems collect and transmit large volumes of sensitive data, such as personal information, inventory levels, and location details. As RFID technology is increasingly integrated into supply chains, retail environments, healthcare systems, and financial transactions, the risk of unauthorized access to this data becomes a pressing concern. Hackers or malicious actors could potentially exploit vulnerabilities in RFID systems to gain access to sensitive information, leading to data breaches, fraud, and reputational damage. In South Korea, where data protection and cybersecurity are critical issues, businesses and consumers are becoming more cautious about the security risks associated with RFID technology. Companies must invest in robust security measures, such as encryption, secure authentication protocols, and anti-tampering features to safeguard the data transmitted through RFID systems. Additionally, regulatory compliance with data protection laws, such as the Personal Information Protection Act (PIPA), is essential to ensure the safe use of RFID technology. As the demand for RFID solutions grows, addressing these data security and privacy concerns will be crucial for the market’s sustainable expansion. Without effective measures to mitigate risks, consumer trust in RFID applications may diminish, hindering widespread adoption.

Market Opportunities

Expansion in Retail and E-commerce Sectors

The South Korean RFID market presents significant opportunities in the retail and e-commerce sectors, driven by the increasing demand for inventory management, security, and enhanced customer experience. With the rapid growth of e-commerce and a highly competitive retail landscape, businesses are seeking ways to streamline operations and improve efficiency. RFID technology offers real-time tracking of goods, reducing the time spent on manual inventory checks and minimizing stock discrepancies. As more retailers shift towards omnichannel strategies, RFID enables seamless integration between physical stores and online platforms, allowing for efficient stock replenishment and better fulfillment. Furthermore, RFID-based solutions offer enhanced security, reducing theft and product counterfeiting, which is particularly important in high-value consumer goods. South Korea’s advanced technological infrastructure and digitally savvy consumers provide an ideal environment for the widespread adoption of RFID solutions, creating a valuable opportunity for businesses to enhance operational efficiency and improve the overall shopping experience.

Growth in Smart Healthcare Applications

The healthcare sector in South Korea is another promising area for RFID technology adoption. With a growing focus on improving patient safety, reducing errors, and streamlining hospital operations, RFID systems are increasingly being integrated into healthcare settings. RFID-enabled solutions can track patient movement, medical equipment, and pharmaceuticals in real-time, improving the accuracy of diagnoses, reducing medical errors, and ensuring that vital equipment is readily available when needed. Additionally, RFID technology can help prevent counterfeit drugs and enhance medication management, which is crucial in ensuring patient safety. As South Korea continues to modernize its healthcare infrastructure and invests in smart hospital initiatives, the RFID market stands to benefit from this growing trend, providing ample opportunities for companies offering RFID solutions tailored to the healthcare industry.

Market Segmentation Analysis

By Product Type

The South Korean RFID market can be divided into three main product types: tags, readers, and software and services. Tags dominate the market, serving as essential components for tracking and identification. These tags come in various forms, such as passive, active, and semi-passive, with passive RFID tags being the most commonly used due to their low cost and durability. Readers, which are responsible for reading data from RFID tags, are equally important for enabling real-time tracking and monitoring in various industries. Software and services play a crucial role in managing the data generated by RFID systems, offering businesses the tools to analyze and make informed decisions. As industries adopt RFID technology, the demand for integrated software solutions and support services continues to rise, creating a balanced market with growing opportunities across all product cateries.

By Frequency

The frequency range of RFID systems can be categorized into low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). Low-frequency RFID systems typically operate at 125 kHz and are often used for access control and animal tracking applications. High-frequency RFID, operating at 13.56 MHz, is widely used in applications such as smart cards, inventory management, and logistics. Ultra-high frequency RFID, operating between 860 MHz and 960 MHz, has the longest read range and is increasingly being adopted for large-scale applications like supply chain management, warehouse operations, and retail tracking. As industries seek higher efficiency and broader range applications, UHF RFID systems are anticipated to experience robust growth in South Korea.

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

Seoul and Incheon
Gyeonggi Province
Busan and Ulsan
Other Regions

Regional Analysis

Seoul and Incheon (55%):

As the economic and technological hub of South Korea, Seoul and Incheon lead the adoption of RFID technology, accounting for more than half of the market share. These regions are home to a high concentration of industries, including retail, manufacturing, logistics, and healthcare, which have embraced RFID to optimize operations and improve efficiency. The government’s initiatives to develop smart cities and modernize public services have further accelerated the deployment of RFID solutions in urban infrastructure. Retail giants, logistics companies, and hospitals in Seoul and Incheon are among the most significant users of RFID, leveraging the technology for inventory management, patient tracking, and asset visibility.

Gyeonggi Province (25%):

Gyeonggi Province, surrounding Seoul, also plays a crucial role in the South Korean RFID market, contributing to a significant portion of the overall market share. The province’s proximity to Seoul allows it to benefit from the capital’s technological developments while also fostering its own growing industries. Gyeonggi’s emphasis on smart manufacturing and supply chain optimization has led to a surge in RFID adoption, particularly in the automotive and electronics sectors. Additionally, the logistics industry in Gyeonggi is leveraging RFID technology for better asset tracking and management in warehouses and distribution centers, further driving the regional market growth.

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Key players

Zebra Technologies Corporation
Honeywell International Inc.
HID Global Corporation
Microchip Technology
NXP Semiconductors
Samsung Electronics
SK Telecom
LG Electronics
Lintec
Hanmi Semiconductor
ID Tech
Korea RFID Co

Competitive Analysis

The South Korean RFID market is highly competitive, with major global players like Zebra Technologies, Honeywell, and NXP Semiconductors dominating the landscape. Zebra Technologies leads in providing advanced RFID solutions for supply chain management and asset tracking, with a strong presence in industrial and retail sectors. Honeywell’s portfolio of RFID products focuses on enhancing operational efficiency and automation, catering to manufacturing, healthcare, and logistics industries. NXP Semiconductors excels in providing high-frequency and ultra-high-frequency RFID solutions, driving growth in smart city and automotive applications. Regional players such as Samsung Electronics, LG Electronics, and SK Telecom leverage their expertise in electronics and telecommunications to integrate RFID technology into consumer electronics and smart infrastructure. Companies like Lintec and Hanmi Semiconductor focus on specialized RFID tags and materials, while Korea RFID Co serves local businesses with tailored RFID solutions. This diverse competitive landscape ensures a dynamic market with varied offerings across industries, driving innovation and adoption of RFID technology in South Korea.

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 South Korean RFID market exhibits moderate concentration, with a mix of global and regional players shaping the competitive landscape. Major international companies such as Zebra Technologies, Honeywell, and NXP Semiconductors hold significant market shares due to their advanced product portfolios and strong brand presence. These players primarily target industries like retail, logistics, and healthcare, where RFID solutions are critical for enhancing operational efficiency. At the same time, regional companies like Samsung Electronics, LG Electronics, and SK Telecom leverage their expertise in electronics and telecommunications to integrate RFID into consumer-facing technologies and smart infrastructure. The market is characterized by rapid technological innovation, with companies continuously advancing RFID capabilities to meet the demands of automation, inventory management, and security. The presence of both global giants and local innovators creates a competitive yet collaborative environment, fostering the widespread adoption and diversification of RFID technology across various sectors in South Korea.

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 South Korea accelerates its Industry 4.0 initiatives, RFID technology will play a crucial role in automating production lines and improving supply chain efficiency. Manufacturers will increasingly rely on RFID to track assets, inventory, and personnel in real-time.

RFID solutions are expected to see a significant rise in South Korea’s healthcare sector for patient tracking, medication management, and equipment monitoring. This will improve operational efficiency, reduce errors, and enhance patient safety in medical facilities.

The retail and e-commerce sectors in South Korea will continue to embrace RFID for better inventory management, product traceability, and customer experience. RFID’s ability to enhance real-time stock visibility and streamline operations will drive its adoption in these industries.

The integration of RFID with the Internet of Things (IoT) and Artificial Intelligence (AI) will revolutionize industries like logistics and manufacturing. This combination will enable advanced data analytics, predictive maintenance, and more automated decision-making processes.

The South Korean government’s focus on smart city projects will create new opportunities for RFID adoption in urban infrastructure. RFID will enhance public services, including waste management, transportation systems, and public safety through real-time data tracking.

As consumer demand for product authenticity rises, RFID will help provide transparency and ensure the traceability of goods from origin to consumer. This will be particularly important in industries like food safety, pharmaceuticals, and luxury goods.

With increasing concerns around data privacy, future RFID systems in South Korea will integrate advanced security features, including encryption and secure authentication protocols. This will help mitigate the risks of data breaches and unauthorized access to sensitive information.

Advancements in RFID technology will lead to more affordable and efficient tags, making RFID solutions accessible to small and medium-sized businesses. This reduction in cost will broaden the technology’s adoption across various sectors.

Ultra-high frequency (UHF) RFID technology will dominate the market due to its long-range capabilities, faster data transmission, and superior accuracy. Industries that require large-scale asset tracking and logistics management will increasingly turn to UHF solutions.

As sustainability becomes a key focus, RFID will help businesses in South Korea reduce waste and improve resource management. By enabling more accurate tracking and efficient use of resources, RFID will support the country’s commitment to environmental responsibility.

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. South Korea 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. South Korea RFID Market: Company Market Share, by Revenue, 2023 31

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

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

5.2. South Korea 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 – SOUTH KOREA 72

11.1. South Korea 72

11.1.1. Key Highlights 72

11.2. Product Type 73

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

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

11.5. Frequency 74

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

11.6. Material 75

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

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

11.7. End User 76

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

11.7.2. South Korea 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. HID Global Corporation 79

12.4. Microchip Technology 79

12.5. NXP Semiconductors 79

12.6. Samsung Electronics 79

12.7. SK Telecom 79

12.8. LG Electronics 79

12.9. Lintec 79

12.10. Hanmi Semiconductor 79

12.11. ID Tech 79

12.12. Korea RFID Co 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. South Korea RFID Market Revenue, 2018 – 2032 (USD Million) 21

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

List of Tables

TABLE NO. 1. : South Korea RFID Market: Snapshot 21

TABLE NO. 2. : Drivers for the RFID Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the RFID Market: Impact Analysis 27

TABLE NO. 4. : South Korea RFID Market Revenue, By Product Type, 2018 – 2023 (USD Million) 74

TABLE NO. 5. : South Korea RFID Market Revenue, By Product Type, 2024 – 2032 (USD Million) 74

TABLE NO. 6. : South Korea RFID Market Revenue, By Frequency, 2018 – 2023 (USD Million) 75

TABLE NO. 7. : South Korea RFID Market Revenue, By Frequency, 2018 – 2023 (USD Million) 75

TABLE NO. 8. : South Korea RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 76

TABLE NO. 9. : South Korea RFID Market Revenue, By Material, 2018 – 2023 (USD Million) 76

TABLE NO. 10. : South Korea RFID Market Revenue, By End User, 2018 – 2023 (USD Million) 77

TABLE NO. 11. : South Korea RFID Market Revenue, By End User, 2024 – 2032 (USD Million) 77

Frequently Asked Questions

What is the current market size of the South Korea RFID market?

The South Korea RFID market is projected to grow from USD608.63 million in 2024. This growth is driven by increasing adoption across various sectors such as retail, logistics, and healthcare.

What is the projected market size of the South Korea RFID market by 2032?

By 2032, the South Korea RFID market is estimated to reach USD1,531.44 million. The market is expected to grow significantly due to technological advancements and the shift toward automation.

What factors are driving the growth of the South Korea RFID market?

Key drivers include advancements in sectors like retail, logistics, healthcare, and manufacturing. Additionally, the shift towards digital transformation and Industry 4.0 plays a significant role in boosting RFID adoption.

Who are the key players in the South Korea RFID market?

Prominent players in the South Korea RFID market include LG Electronics, Samsung Electronics, and SML Group. These companies are leading the development and deployment of innovative RFID solutions.

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