The global RFID market was valued at $10.7 billion in 2021 and is projected to reach $17.4 billion by 2026, growing at a CAGR of 10.2% during the forecast period. The market is segmented by product, frequency, application, and region. Key players in the market include Avery Dennison, Zebra Technologies, Honeywell, NXP Semiconductors, and Impinj. The tag segment is expected to register the highest growth rate during the forecast period. North America currently holds the largest share of the RFID market.