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Radio Frequency Identification (RFID) Market for Automotive Trends, Share, Scope, Research Insights by 2026 Radio frequency identification (RFID) is gaining popularity in the automotive industry for manufacturing as well as for integrating it with different automotive technologies. RFID utilizes radio waves to read and capture data stored on a device attached to an object. It primarily comprises two components ? antennae and a label or tag ? that store information received from the antennae.