Market Dynamics:
The growing demand for efficient supply chain and logistics services is a major factor driving the U.S. RFID tags market growth. RFID tags enable precise tracking and tracing of goods throughout the supply chain which help companies meet customer demand efficiently. Furthermore, rising adoption of RFID tags in retail stores, warehouses, and production facilities for inventory management is also expected to fuel the market growth over the forecast period. The integration of IoT and connectivity capabilities in RFID tags is another factor estimated to offer lucrative opportunities. However, concerns regarding data security and privacy may hamper the market growth.

Key Takeaways

The U.S. RFID Tags Market Size is expected to witness high growth, exhibiting a CAGR of 9.1% over the forecast period, due to increasing demand for inventory management and asset tracking solutions. The market size for 2023 is US$ 887.15 Mn.

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