RFID Forecasts, Opportunities & Players
Feb 11, 2005
New research by IDTechEx
This essential report analyses the rapidly growing and diversifying market for Radio Frequency Identification RFID. In 2006, almost three times the volume of RFID tags will be sold than over the previous 60 years since their invention. Primarily this will be because retailers and military forces are demanding, for the first time, that suppliers fit tags to pallets and cases to save cost and improve service but many other applications will be growing very rapidly.
This exponential growth will continue and, by 2015, the value of sales of RFID tags will have increased by thirteen times over the figure for 2005. The value of the total market, including systems and service, will rocket from $1.95 billion in 2005 to $26.9 billion in 2015. Primarily, this will be driven by another new and dramatic development. This will be the tagging of high volume items - notably consumer goods, drugs and postal packages - at the request of retailers, military forces and postal authorities and for legal reasons. In these cases, the primary benefits sought will be broader and include cost, increased sales, improved safety, reduced crime and improved customer service.
Total RFID Market Projections $Bn by RFID value chain sector 2005-2015
Using new, unique information researched globally by IDTechEx technical experts, we analyse the market in many different ways, with over 150 tables and figures. They include projections for label vs non label, EPC vs non- EPC, active vs passive, chip vs chipless, markets by geographical region, application, tag format and tag location. The emergence of new products, legal and demand pressures and impediments for the years to come.
Major players now and in future in the various parts of the value chain are identified and the big orders and milestones now and in future are analysed, such as the rollout of the $6 billion national ID card system in China. Of course, not everyone will want to serve the severely price constrained, highest volume markets. For them, we examine many niches of at least one billion dollars potential that are emerging and many smaller opportunities where there is even less competition. They include:
- Those in prison and on parole
- Passports in the face of new terrorism resulting in new laws
- Livestock and food traceability in the face of new laws, bioterrorism, avian flu, BSE, fraud with subsidies etc.
- Intermodal containers (Smart and Secure Tradelanes and other initiatives)
- Ubiquitous Sensor Networks USN, for warning of natural disasters, military and other purposes
For the full contents list and to purchase the report, click here.