In 2023, RAIN RFID (UHF RFID) reached 44.8 billion tag chips shipped globally

The RAIN Alliance released a number some time ago:

In 2023, RAIN RFID (UHF RFID) shipments of tag chips worldwide reached 44.8 billion pcs, exceeding expectations for 32% year-over-year growth, which extrapolates to global RAIN RFID tag chip shipments in 2022 of around 34 billion.

Impinj's earnings report describes the company's cumulative shipments of UHF RFID tag chips as more than 95 billion pcs as of FY2023, compared to 75 billion pcs in FY2022. extrapolating from this, Impinj's shipments of UHF RFID tag chips in a single year in FY2023 exceeded 20 billion pcs, and the market's other Another major player in the market UHF RFID tag chip NXP shipments compared to Impinj is only a little more. Thus, the RAIN Alliance's figure of 44.8 billion tag chips shipped in 2023 is reasonable.

Global UHF RFID tag growth is mainly dependent on the growth of a number of single large customers. For example, UPS in 2023 began to use large-scale, a single customer to bring the increment is expected to be more than 5 billion pcs, in addition, is the Wal-Mart order penetration rate increases, also brought billions of pcs of growth. On top of that, there are some new growth markets in the overseas pharmaceutical field, automotive supply chain field, and aviation field, creating a boom in the overall RFID tag broader market.