According to a research report published by Spherical Insights & Consulting, the Global RFID Tire Tag Market Size Expected to Grow from USD 1.3 Billion in 2023 to USD 3.49 Billion by 2033, at a CAGR of 10.38% during the forecast period 2023-2033.

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An RFID tire tag is a tiny electronic device that is attached or inserted in a tire and it works to store as well as transmit tire information using RFID (radio frequency identification) technology. A unique identification number is usually found on the tag, which includes information about the tire type, size, manufacturing details, usage history, and maintenance records.  The growing popularity of RFID tire tags has increased due to technological innovation in automobile industries, and tire management. Nowadays, RFID tire tags are quickly becoming an essential part of tire and automobile management and comply with safety laws. They assist in reducing downtime, scheduling maintenance, and tracking tire performance. However, several obstacles limit the expansion of the market such as the expensive initial setup costs, slow adaption due to inconsistencies in RFID technology, durability issues, and particularly climate circumstances.

Browse key industry insights spread across 231 pages with 110 Market data tables and figures & charts from the report on the Global RFID Tire Tag Market Size, Share, and COVID-19 Impact Analysis, By Components (Passive RFID Tags, Active RFID Tags, RFID Readers), By Application (Tire Tracking & Inventory Management, Tire Lifecycle Management, Anti-Theft Protection), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The passive RFID tags segment is expected to hold the largest share of the global RFID tire tag market in the projected period.

On the basis of components, the global RFID tire tag market is classified into passive RFID tags, active RFID tags, and RFID readers. Among these, the passive RFID tags segment is expected to hold the largest share of the global RFID tire tag market in the projected period. Their affordability, compact size, and simplicity of integration into tires are the reasons for making popular segment in this market. Although they are activated by the electromagnetic field from an RFID reader rather than an internal power source, also having durability in harsh climates is crucial for tires. Furthermore, the segment’s market position is growing in the logistics and automotive industries as an essential part.

The tire tracking & inventory management segment is anticipated to hold the largest share of the global RFID tire tag market during the forecast period.

On the basis of application, the global RFID tire tag market is categorized into tire tracking & inventory management, tire lifecycle management, and anti-theft protection. Among these, the tire tracking & inventory management segment is anticipated to hold the largest share of the global RFID tire tag market during the forecast period. RFID tire tags offer real-time inventory tracking, allowing businesses to manage stock levels, eliminate losses, and increase operational efficiency. They also assist in tracking tire location, status, and usage, which improves supply chain logistics and maintenance plans.

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North America is expected to hold the largest share of the global RFID tire tag market during the forecasted period.

The region’s domination in the market is also a result of the growing emphasis on enhancing fleet management effectiveness, minimizing maintenance costs, and boosting safety in transit for business. Although the region has a well-established automotive industry, with major players in vehicle manufacture, tire production, and other automobile amenities management this results in an intense need for modern tire management systems such as RFID.

Asia Pacific is anticipated to grow at the fastest CAGR growth of the global RFID tire tag market during the projected period. China, India, Japan, and South Korea are among the nations that are pushing the demand for cutting-edge technologies like RFID tire tags in the Asia Pacific region, which is an important region for automobile manufacturing. The increasing need for smarter vehicle management, growing urbanization, increasing finances, and a developing automobile market are factors that have contributed to its increasing popularity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the RFID tire tag market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Major vendors in the global RFID tire tag market are HIdentification Technologies Inc., TireStamp Inc., Cimtec Automation Inc., Vanguard RFID Systems, Impinj Inc., Alien Technology, Avery Dennison Corporation, NXP Semiconductors, STMicroelectronics, Checkpoint Systems, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2024, Beontag announced a partnership with Michelin for cooperation in RFID technology into millions of new commercial and passenger tires over the next two years and beyond.

• In March 2024, Hana, a leading innovator in RFID tire tag technology, announced the signing of a new license deal with Michelin. This arrangement allows Hana to manufacture and market the new and innovative ‘Link Less’ embeddable RFID Tire Tag (Rev4) in and outside of the tire.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the RFID tire tag market based on the below-mentioned segments:

Global RFID Tire Tag Market, By Components

• Passive RFID Tags
• Active RFID Tags
• RFID Readers

Global RFID Tire Tag Market, By Application

• Tire Tracking & Inventory Management
• Tire Lifecycle Management
• Anti-Theft Protection

Global RFID Tire Tag Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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