Recently, the international market research organization Research And Markets released a report entitled " (Tags, Readers, Software & Services), Tag Type (Passive, Active), Wafer Size, Frequency, Form Factor (Card, Implant, Key Fob, Label, Paper Ticket, Band), Material, Application & Region - Global Forecast to 2030". The report states that the radio frequency identification (RFID) technology market is expected to reach 35.6 billion by 2030, up from 14.5 billion in 2022, at a compound annual growth rate (CAGR) of 11.9% over the period. The ultra high frequency (UHF) market by frequency will grow at the highest CAGR during the forecast period. According to the study, the main strategies adopted by key players in the RFID market from January 2018 to May 2022 are product launches and developments. Other strategies adopted include partnerships, collaborations, acquisitions and expansions. The report pointed out that the demand for integrated solutions in the RFID market is on the rise. Such solutions aim to overcome some of the challenges associated with single technology-based RFID systems, as they enable end users to deploy RFID technology in blind spots while reducing infrastructure requirements by leveraging existing technologies, such as Wi-Fi or GPS. ResearchAndMarkets reports that RFID-based Internet of Things (IoT) solutions have gained momentum, driven by multiple forces. According to the study, it found that the declining cost of RFID tags, widely accepted IP networks and new business opportunities have contributed to the growing demand for such solutions. These technologies can track physical assets to improve business processes and cost efficiencies across a wide range of industries and government organizations. The study segments the RFID market by product, label, and region, and the label is subdivided into wafer size, label type, frequency, application, form factor, and material. The research shows that the 8-inch or 200mm wafer size has the highest market share and the highest wafer production volume. The top three players in the market - Alien Technology, Impinj and NXP Semiconductors all use 8-inch wafers for chip production. The report shows that many companies have been reluctant to switch to 12-inch wafers because of the large investment in equipment. In the coming years, the market for other wafer sizes is also expected to grow and prices will decline accordingly, mainly for 12-inch wafers. Research shows that this will bridge the gap between 8-inch and 12-inch wafers and help the industry smoothly transition to the 12-inch size. In late 2016, NXP began offering 12-inch wafers for long-range RFID chips, in addition to 8-inch wafers, which the report said increased supply capacity and improved assembly quality and efficiency while reducing manufacturing waste and power demand. And Avery Dennison was the first company to provide inlays for NXP's 12-inch wafers. The 295-page report is derived from relevant statistical data on the RFID market, including based on product, tag type, wafer size, frequency, form factor, material, application, and region. The report also provides the key drivers, restraints, opportunities, and challenges of the market and includes illustrative segmentation, analysis, and forecasts on a segment basis.  RFID tags have the largest share in the RFID market, and RFID tags are the most common, cheapest and most widely used tags. Hospital equipment and pharmaceuticals, industrial materials and equipment, campus assets, data center assets, and many other products and objects are tagged. Each product has its own label, and thus, the number of labels used by each end-user industry is high, which is largely contributing to the growth of the market demand. --From RfidWorld