Radio Frequency Identification Technology for Logistics, Tagging and EPC

RFID readers and tags market projected to hit $9 billion by 2015

Friday, October 14, 2011

MarketResearch.com has announced the new report “RFID Readers and Tags - A Global Market Overview,” which projects the market to reach $8.9 billion by 2015.In the study, RFID readers and tags are analyzed in terms of both market value and unit shipments for the period 2007-2015.

The report explores the consumption of RFID equipment, in terms of unit shipments across global regions and by end-use industries comprising of aerospace/defense, health care, transport/automotive and retail.

The report further reviews and analyses the worldwide market for RFID tags and readers for regions in North America, Europe and the Asia-Pacific.

For information on the report, click here[end] 

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.

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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.

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WaveMark, provider of RFID-based supply chain solutions for hospitals and medical device manufacturers, and University of Massachusetts Lowell announced a collaborative effort to bring a new RFID product to market.

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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.

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