RFID in 2010: The New Dawn
IDTechEx has recently completed its survey of the global RFID industry which provides detailed market forecasts segmented in many different ways. In this article, report author Raghu Das summarizes some of the findings from the report "RFID Forecasts, Players & Opportunities 2011-2021." For more information, see www.IDTechEx.com/forecasts.
In 2010, IDTechEx finds that the value of the entire RFID market will be $5.63 billion, up from $5.03 billion in 2009. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors.
In total, 2.31 billion tags will be sold this year, up from 1.98 billion in 2009. Most of the growth in this period is due to an increase in use of passive UHF tags. For passive UHF tags, the biggest category of use is asset tracking in many closed-loop systems. Such applications typically use tens of thousands of tags and more; and, rarely, a million tags or more. The paybacks of these applications are very strong but the numbers of tags is relatively small per case study.