RFID Market Analysis
RFID report provides fresh forecasts & analysis
from Using RFID
Monday February 7, 2005
A new report published by IDTechEx examines and analyses the rapidly growing and diversifying market for Radio Frequency Identification technology and devices, revealing that in 2005 more RFID tags will be sold than in the 60 years since their invention.
The report, 'RFID Forecasts, Players and Opportunities 2005-2015', researched and written by Dr Peter Harrop explains that this rapid growth 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 article is copyright 2005 UsingRFID.com.
According to Harrop, such exponential growth will continue unabated and, by 2015, the value of sales of RFID tags will have increased by a factor of 11 over the figure for 2005. The value of the total market, including systems and service, is predicted to soar from US$2.32 billion in 2005 to some US$26.9 billion in 2015.
The next phases of growth in the market will, it seems, be driven by another dramatic development: 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 will include cost, increased sales, improved safety, reduced crime and improved customer service.
Using new research from around the world, the report analyses the market in a number of ways, carrying over 150 illustrative tables and figures, including 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 report also covers the emergence of new products, legal and demand pressures, and potential impediments for the years to come.
Major players, both now and those likely to be seen in the future, throughout the various aspects of the value chain, are also identified and the big orders and milestones to come are analysed - such as the rollout of the US$6 billion national ID card system in China.
Of course, not everyone wants to serve the severely price constrained, highest volume markets. For these industry players the report also examines niches of at least US1 billion potential that are emerging, as well as many smaller opportunities where there is 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);
Healthcare;
Ubiquitous Sensor Networks (USN), for warning of natural disasters, military and other purposes.
More Info:
http://www.idtechex.com
Posted by Craig at February 10, 2005 02:04 PM