The RFID for Industrial applications Market is forecast to grow by USD 2.33 billion, at a CAGR of 10.2% from 2023 to 2028, according to Technavio. The manufacturing sector is undergoing a transformation driven by Industry 4.0, which incorporates advanced technologies such as IoT, AI, and rain RFID. Rain RFID is particularly favored in industrial environments for its durability and long-range reading capabilities. However, the high cost of implementation remains a challenge for small and medium-sized enterprises (SMEs). Despite these hurdles, RFID's ability to provide real-time inventory tracking, improve transparency in the supply chain, and enhance productivity is contributing to its widespread adoption. The market is expected to grow as more industries recognize the long-term benefits of RFID technology.

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