Frost & Sullivan Report Delves into Asia Pacific RFID Market
New analysis from Frost & Sullivan, Asia Pacific RFID Supply Chain Market, reveals that the market earned revenues of $170.3 million in 2006 and estimates this to reach $646.3 million in 2013.
Buoyed by the success of the increasing numbers of RFID pilots and projects in supply chains, end users are becoming progressively keen on utilizing RFID in supply chains, according to the report.
“Presently, the key driver for RFID adoption in the supply chain for the Asia Pacific market is compliance with mandates set by retail giants located in the United States or Europe,” states Frost & Sullivan Research Associate Richard Sebastian. “Once end users begin to realize that RFID’s value extends beyond mere mandate compliance, this technology is expected to experience large-scale adoption.” ![[end]](/resources/bullet/rfidnews-4.gif)
