In 2023, the Swedish furniture retailer IKEA had a market share of almost 19 percent in Germany, and was therefore the leading furniture retailer. That same year, XXLutz consolidated its position following the acquisition of Poco from the Steinhoff Group in 2018, accounting for a market share of 11.6 percent.

As of 2023, for the first time ever, Apple ranked as the market leader in the global smartphone market with a 20.1 percent share of all shipments. The tech giant retained the top title in 2024, with a share of nearly 19 percent of the global smartphone market. Samsung ranked second, holding 18 percent of the market share. Global smartphone market shareSamsung has seen its popularity steadily increase since it held just a 4.3 percent of the smartphone vendor market at the beginning of 2010. Samsung’s share of the overall mobile phone market, has fluctuated in recent times, dropping to under 20 percent in the most recent year. Apple became smartphone market leader based on shipments in 2023. Apple’s smartphone sales are relatively cyclical and peak in the fourth quarter each year. In the fourth quarter of 2024, 23 percent of all smartphones new smartphones sold were iPhones. The iPhone generated considerable revenue for Apple with sales of the device amounting to over 200 billion U.S. dollars in their 2024 financial year.

Electric vehicles amounted to nearly 16 percent of global passenger car sales in 2023, which was a rise of around 2.8 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020. Many consumers started looking for more sustainable transportation methods amid the COVID-19 pandemic due to increased environmental consciousness. This contributed to the EV market expansion worldwide. A market driven by innovation Various factors contribute to the rapid growth of the electric vehicle market, including consumer perception, governmental targets, and investments in technological innovation. Regional institutions and national governments are committing to policies supporting electric vehicle adoption worldwide, with around 97 percent of the light-duty vehicle market comprising countries with these policies. Governmental spending on electric cars reached around 45 billion current U.S. dollars in 2022, the steepest increase recorded in the past five years, and global automakers are also allocating part of their revenue toward research and development expenses. Challenges and opportunities for EV charging Electric vehicle charging was the second technology type receiving the most early and growth-stage venture capital investments in 2023, above electric vars and electric two-wheelers. In 2023, there were around 11 electric vehicles per charging point worldwide, and access to this infrastructure was unequal, with China boasting the largest electric vehicle supply equipment network. Slow chargers, typically alternating current, were also the most common charging type, creating opportunities for the development of fast charging across the globe.

In 2024, the Europe articles of zinc market increased by 19% to $2.3B for the first time since 2021, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $2.7B in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

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What is the Vehicle RFID Tag Market Size?

The vehicle RFID tag market size is forecast to increase by USD 3.20 billion, at a CAGR of 19% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the increase in tax revenue, as RFID tags enable automated and efficient toll-collection systems. Another trend is the growing popularity of RFID-based license plates, which offer enhanced security and convenience for vehicle owners. 
However, the presence of alternative technologies, such as GPS and Bluetooth, poses a challenge to the market growth. Despite this, the market is expected to continue expanding due to its numerous benefits, including improved traffic management and enhanced law enforcement capabilities. The market analysis report provides an in-depth assessment of these factors and more, offering valuable insights for stakeholders in the automotive industry.

What will be the size of the Market during the forecast period?

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Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.

Application

  Passenger cars
  Commercial vehicles


Type

  Active RFID tag
  Passive RFID tag


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  South America



  Europe

    Germany
    UK
    France
    Italy


  Middle East and Africa

Which is the largest segment driving market growth?

The passenger cars segment is estimated to witness significant growth during the forecast period. The market is experiencing notable growth, particularly in the passenger cars segment. This segment's expansion is driven by the increasing demand for passenger cars in both developed and developing economies. For instance, India recorded a significant increase in passenger vehicle sales in Calendar Year (CY) 2022, with a total of 3.8 million units sold, up from 3.34 million units in CY 2018.

Get a glance at the market share of various regions. Download the PDF Sample

The passenger cars segment was valued at USD 956.30 million in 2019. Countries such as China, the US, Canada, India, Germany, France, the UK, Spain, and others are witnessing a rise in demand for sedans, coupes, hatchbacks, crossovers, and SUVs. Rapid response times offered by RFID technology make it an attractive solution for automotive applications, including access control, inventory management, and vehicle tracking. In the aerospace industry, RFID technology is used for asset tracking and maintenance scheduling. In healthcare, RFID tags are utilized for patient tracking and medication management. RFID readers are integral to the functionality of these applications

Which region is leading the market?

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APAC is estimated to contribute 76% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. RFID (Radio Frequency Identification) tags are increasingly being adopted in the vehicle market, particularly in emerging economies such as China, India, Indonesia, and Malaysia, due to the implementation of electronic toll collection systems. The Asia Pacific (APAC) region is projected to exhibit the fastest growth in the RFID tag market during the forecast period. The region's rapid economic growth and increased per-capita income have boosted automobile sales, leading to a significant increase in the production of motor vehicles in countries like India, China, Japan, Indonesia, and South Korea.
The mandatory installation of RFID tags in vehicles in these countries is further driving market growth. APAC's automotive market growth is a result of both high consumer demand and regulatory requirements. RFID tags offer several benefits, including improved security, contactless payment, and streamlined vehicle management. However, the high initial cost of RFID tags may be a barrier to entry for some consumers. Nonetheless, the advantages of RFID technology are expected to outweigh the costs, making it an attractive investment for automotive manufacturers and consumers alike.

How do company ranking index and market positioning come to your aid?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Alien Technology LLC - The company offers vehicle RFID tags such as Squiggle, Doc tag, and Squig tag.

Technavio provides the ranking index for the top 20

As of August 2022, Apple was the leading mobile vendor in Vietnam’s burgeoning smartphone market, with approximately 30 percent of the total market share. Meanwhile, Samsung, a South Korean-based conglomerate and one of the world’s top manufacturers of consumer electronics, took second place with a market share of around 29 percent that year.

The race for the top among foreign players

The global giants of the mobile phone industry, Apple and Samsung, have been vying for the top spot in the Vietnamese smartphone market, as Vietnamese consumers, despite the COVID-19 pandemic, continued to show an affinity for higher-end smartphones. Meanwhile, Chinese smartphone brands, such as Oppo, Xiaomi, and Vivo, dominated the mid-range price segment in Vietnam.

The future for Vietnamese homegrown smartphones? Vsmart, launched in June 2018 by VinSmart, a subsidiary of Vingroup JSC, which is Vietnam’s largest conglomerate, remained the only domestic player among well-known mobile vendors in Vietnam. Vsmart successfully rolled out 19 smartphone models, ranging from as low as one million Vietnamese dong (equivalent to around 45 U.S. dollars) to ten million Vietnamese dong. However, VinSmart’s sudden decision to halt Vsmart production back in May 2021 left Bphone as the last Vietnamese-made smartphone in the market. Bphone, first introduced in May 2015 by Bkav, a Vietnamese leading technology corporation specializing in antivirus software, is one of Vietnam’s earliest self-produced smartphones.

The predicted size of the global dehydrated onions market in 2022 was close to US$ 1.1 billion. The global dehydrated onion market is growing due to reasons such as increased consumer demand for fast food as well as ready-to-eat convenience foods. It is thus anticipated to have produced US$ 3.6 billion by 2023, alongside a CAGR of 19% from 2023 to 2033.

Report Attribute	Details
Estimated Market Value (2022)	US$ 1.1 billion
Expected Market Value (2023)	US$ 1.6 billion
Projected Forecast Value (2033)	US$ 3.6 billion
Anticipated Growth Rate (2023 to 2033)	19% CAGR

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 19% from 2022 to 2032
Market value in 2023	US$ 1.6 billion
Market value in 2033	US$ 3.6 billion
Base Year for Estimation	2022
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	US$ billion for value
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Nature Variety Form End Use Technology Distribution Channel Region
Regions Covered	North America Latin America Europe Asia Pacific Middle East and Africa
Key Companies Profiled	Olam International Jain Farm Fresh Foods Ltd Daksh Foods Pvt. Ltd. Jiyan Food Ingredients Natural Dehydrated Vegetables Pvt. Ltd. Real Dehydrates Pvt. Ltd. Earth Expo Company Kisan Foods Harmony House Foods, Inc. Company Silva International Inc. Company Green Rootz BC Foods Inc. Suszarnia Warzyw Jaworski Sp. J. Pardes Dehydration Company Murtuza Foods Pvt. Ltd. Darshan Foods Pvt. Ltd. Garon Dehydrates Private Limited Rocky Mountain Spice Company R. J. Van Drunen & Sons, Inc. German Foods
Customization & Pricing	Available on Request

In 2023, the Qatari steam blasting machine market increased by 19% to $13M, rising for the fourth consecutive year after two years of decline. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $17M in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Apple claimed a 17.7 percent share of the market in the second quarter of 2024, an increase from the previous quarter. Apple's long time competitor, Samsung, ranked first with a market share of 18.3 percent. Apple and Samsung continue to dominate the smartphone market Apple has been amongst the top five smartphone vendors in the world since 2009. With the decline of former market leaders Nokia and RIM, Apple and Samsung were able to grow their presence in the market. As a result of political pressure, tariffs and restrictions imposed by the U.S, Chinese manufacturer Huawei has recently dropped off of the top five list in the smartphone market, while Xiaomi, Oppo, and Transsion have gained ground. Coronavirus (COVD-19) pandemic impact on iPhone sales While the long-term impact of the coronavirus (COVID-19) pandemic on sale is difficult to determine, the immediate impact was quickly visible. While large quarterly fluctuations are normal for Apple’s revenue cycle, one must look back to 2017 to find two consecutive quarters in which Apple generated less than 30 billion U.S. dollars in revenue from the iPhone. A less strong performance in the first quarter of 2024, lead by the iPhone 16, gave Apple the second spot in terms of quarterly global unit shipments after Samsung, although strong sales in the fourth quarter of every year is a common occurrence with Apple products.

In 2024, after two years of decline, there was significant growth in the Ghanian packaging materials market, when its value increased by 19% to $45M. Over the period under review, consumption recorded a remarkable increase. Over the period under review, the market reached the peak level at $99M in 2017; however, from 2018 to 2024, consumption remained at a lower figure.

The Serbian direct dye market skyrocketed to $2.4M in 2024, jumping by 19% against the previous year. Over the period under review, consumption, however, showed a slight slump. Over the period under review, the market hit record highs at $3.7M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

Owing to the increasing internet user base and favorable market conditions, India has a lot of potential in the e-commerce industry. Growing at an exponential rate, the market value of the e-commerce industry in India was 123 billion U.S dollars in 2024. This number was estimated to reach 300 billion U.S. dollars by 2030.

E-commerce platforms

The competition in the e-commerce business in India is fierce. The market is filled with many local and foreign companies trying to hold the maximum market share. Flipkart and Amazon were the leading ecommerce retailers in the country. Moreover, electronics and apparel are the most popular shopping categories among Indian consumers.

Growing trend of e-commerce

Increasing growth in the e-commerce industry is attributed to a number of reasons. Digitizing the economy and provision of affordable internet are a few of many reasons that boosted the growth of digital sales in India. In 2024, the e-commerce sales across India were estimated to increase by over 19 percent. Consequently, the revenue-generating potential has also increased. The average retail e-commerce revenue collected per user was more than 85 U.S dollars.

The SADC ethylene oxide market dropped remarkably to $421K in 2024, waning by -19% against the previous year. Over the period under review, consumption continues to indicate a noticeable curtailment. Over the period under review, the market attained the maximum level at $618K in 2018; however, from 2019 to 2024, consumption failed to regain momentum.

The Costa Rican gear cutting machine market surged to $480K in 2024, jumping by 19% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $578K in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.

The Slovak tin bar market reduced remarkably to $3.7M in 2024, dropping by -19% against the previous year. Over the period under review, consumption continues to indicate a noticeable contraction. Over the period under review, the market hit record highs at $7.6M in 2018; however, from 2019 to 2024, consumption remained at a lower figure.

Internet sales have played an increasingly significant role in retailing. In 2024, e-commerce accounted for over 17 percent of retail sales worldwide. Forecasts indicate that by 2029, the online segment will make up close to over 21 percent of total global retail sales. Retail e-commerce Online shopping has grown steadily in popularity in recent years. In 2024, global e-commerce sales amounted to over seven trillion U.S. dollars, a figure expected to exceed 10.4 trillion U.S. dollars by 2028. Digital development in Latin America boomed during the COVID-19 pandemic, generating unprecedented e-commerce growth in various economies across the region. So much so that Brazil and Argentina appear to lead the world's fastest-growing online retail markets. This trend correlates strongly with the constantly improving online access, especially in "mobile-first" online communities, which have long struggled with traditioe-comernal fixed broadband connections due to financial or infrastructure constraints but enjoy the advantages of cheap mobile broadband connections. M-commerce on the rise The average order value of online shopping via smartphones and tablets still lags traditional e-commerce via desktop computers. However, e-retailers around the world have caught up in mobile e-commerce sales. Online shopping via smartphones is particularly prominent in Asia. By the end of 2021, Malaysia was the top digital market based on the percentage of the population that had purchased something by phone, with nearly 45 percent having made a weekly mobile purchase. South Korea, Taiwan, and the Philippines completed the top of the ranking.

In 2021, the U.S. speed changer market increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

After four years of decline, the Iranian mobile lifting frame market increased by 19% to $2.4M in 2023. Over the period under review, consumption recorded a modest expansion. Mobile lifting frame consumption peaked at $4M in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Android maintained its position as the leading mobile operating system worldwide in the first quarter of 2025 with a market share of about 71.88 percent. Android's closest rival, Apple's iOS, had a market share of approximately 27.65 percent during the same period. The leading mobile operating systems Both unveiled in 2007, Google’s Android and Apple’s iOS have evolved through incremental updates introducing new features and capabilities. The latest version of iOS, iOS 18, was released in September 2024, while the most recent Android iteration, Android 15, was made available in September 2023. A key difference between the two systems concerns hardware - iOS is only available on Apple devices, whereas Android ships with devices from a range of manufacturers such as Samsung, Google and OnePlus. In addition, Apple has had far greater success in bringing its users up to date. As of February 2024, 66 percent of iOS users had iOS 17 installed, while in the same month only 13 percent of Android users ran the latest version. The rise of the smartphone From around 2010, the touchscreen smartphone revolution had a major impact on sales of basic feature phones, as the sales of smartphones increased from 139 million units in 2008 to 1.39 billion units in 2023. In 2020, smartphone sales decreased to 1.38 billion units due to the coronavirus (COVID-19) pandemic. Apple, Samsung, and lately also Xiaomi, were the big winners in this shift towards smartphones, with BlackBerry and Nokia among those unable to capitalize.

In 2024, the Thai unbleached sulphite pulp market increased by 19% to $120K for the first time since 2018, thus ending a five-year declining trend. Over the period under review, consumption continues to indicate a deep contraction. Unbleached sulphite pulp consumption peaked at $15M in 2018; however, from 2019 to 2024, consumption stood at a somewhat lower figure.