Radio Frequency Identification Technology for Logistics, Tagging and EPC

Report: RFID market to grow to $5.63 billion in 2010

Tuesday, July 13, 2010

The value of the entire RFID market - tags, readers, software/services, labels, fobs and all other factors – will increase to $5.63 billion in 2010, according to a recent survey conducted by IDTechEx.

An increase from last year’s value of $5.03 billion, IDTechEx credits the growth to an increase in use of passive ultra high frequency tags used for asset tracking.

The biggest contributor to this growth will be government entities that are able to implement large RFID schemes such as animal tagging, transit ticketing, and people identification. The report also notes that apparel tagging will pick up steam, as retailers discover the benefits and make way into larger deployments.

IDTechEx also suggests the market for all RFID interrogators will skyrocket from $0.92 billion in 2010 to $4.99 billion in 2021.

To read more on the report click here. [end] 

Related Articles
Biometrics market to grow 21% by 2014

Market research firm RNCOS has released a report called “The Biometric Market Forecast to 2014,” which predicts double-digit growth for the sector by 2014.

As reported on AZOSensors.com, RNCOS believes the market will grow by a 21% compound annual growth rate from 2012 to 2014. Companies’ efforts to combat identity theft and enhance corporate security will drive this growth.

read more »
Report: NFC, QR codes will drive proximity marketing to $2.3 billion in 2016

New market research from Smiths Point Analytics projects that the global market for action oriented proximity based marketing services – i.e. NFC/QR-enabled ads – is expected to reach $2.3 billion by 2016.

read more »
RFID expected to reach $70 billion over the next five years

A new study reveals the market for RFID transponders, readers, software and services will generate more than $70.5 billion from 2012 to the end of 2017.

read more »
Report: 16 million NFC SIMs shipped in 2011

16 million NFC SIM cards were shipped in 2011, according to the latest annual report from the SIMalliance, a SIM card trade association.

This marks the first time that NFC-enabled SIMs have been shipped in large enough quantities to be included separately in the SIMalliance annual data, according to the organization.

read more »
Report: Global RFID market anticipated to reach $19.3 billion by 2014

The global RFID market is expected to reach $19.3 billion during 2011 - 2014, according to a new market research report from ReportLinker. Emerging RFID applications under different verticals will also outpace other automatic identification technologies, such as bar code.

read more »
Report: NFC market worth $10 billion in 2016

MarketsandMarkets has released a new report predicting that the NFC applications market will surpass $10 billion by 2016 at a compound annual growth rate of 38% from 2011 to 2016.

read more »

Copyright © 2012, AVISIAN, Inc. All rights reserved.