The India RFID market size reached USD 561.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,446.63 Million by 2033, exhibiting a growth rate (CAGR) of 11.09% during 2025-2033. The growing demand for supply chain transparency, increased adoption in retail and logistics, implementation of government initiatives for digital transformation, rising need for asset tracking, expanding e-commerce sector, cost reduction in RFID hardware, and integration with internet of things (IoT) devices are some of the major factors augmenting India RFID market share.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 561.50 Million |
Market Forecast in 2033 | USD 1,446.63 Million |
Market Growth Rate 2025-2033 | 11.09% |
Expansion of RFID in Retail and E-commerce
Retailers in India are increasingly using RFID to manage inventory more efficiently, reduce shrinkage, and improve the customer experience. RFID does not require line-of-sight, which gives it a distinct operational edge in high-volume retail and omnichannel environments, further enhancing the India RFID market outlook. Additionally, the country’s growing middle class and internet penetration are making online and offline retailers streamline operations. RFID tagging enables real-time visibility into stock levels, product locations, and movement, thereby allowing businesses to cut down manual inventory checks and out-of-stock situations. Apparel and fashion sectors are leading adopters in the market, these sectors leverage RFID to track thousands of SKUs across stores and warehouses. According to an industry report, e-commerce in India is rapidly growing and is expected to reach USD 325 Billion in 2030. The growth of e-commerce leads to increased demand for RFID as it speeds up picking and packing and improves order accuracy. Some companies are also integrating RFID with customer-facing applications, such as mirrors in changing rooms equipped with RFID can show product info or suggest alternatives. As RFID costs drop and tech compatibility improves, mid-sized retailers are starting to explore the benefits as well.
Integration of RFID with IoT and Automation
The integration of RFID with the internet of things (IoT) platforms and automation systems is changing the way businesses in India track and control physical assets and providing an impetus to India RFID market growth. Businesses are beginning to see RFID not just as a tracking tool but as part of a broader automation strategy. Manufacturers are embedding RFID into industrial machinery to monitor operational data in real-time, triggering alerts or maintenance workflows automatically. In addition to this, the rising demand for automated retail solutions, driven by the need to reduce checkout times, enhance inventory accuracy, and improve customer experience, is accelerating the adoption of RFID-enabled smart systems in India. For instance, in November 2024, researchers from Sinhgad Institute of Technology introduced an IoT-based smart shopping cart integrated with a smartphone application to enhance the retail shopping experience. The system employs RFID technology to automatically scan, and track purchased items, displaying the total cost on a mobile app, thereby eliminating the need for long checkout queues. This innovation aims to modernize shopping by combining automation, efficiency, and user convenience. With 5G rollouts and more affordable cloud services, these integrated solutions are becoming more viable for medium-sized firms. RFID serves as the identification layer, while IoT brings in telemetry, analytics, and remote control. This integration is also driving innovation in security, such as RFID-enabled access linked with biometric or facial recognition systems.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product type, frequency, and application.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes tags (active tags and passive tags), readers, and software and services.
Frequency Insights:
A detailed breakup and analysis of the market based on the frequency have also been provided in the report. This includes low frequency, high frequency, and ultra-high frequency.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial, animal tracking, transportation, agriculture, security and access control, healthcare, retail, logistics and supply chain, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Product Types Covered |
|
Frequencies Covered | Low Frequency, High Frequency, Ultra-High Frequency |
Applications Covered | Commercial, Animal Tracking, Transportation, Agriculture, Security and Access Control, Healthcare, Retail, Logistics and Supply Chain, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |