January 30, 2006
IDTechEx predicts future for RFid technology
IDTechEx expects that about 1.3 billion RFid tags would be sold in 2006. Out of these around 500 million tags would be used for case level and pallet tagging but a greater part would be utilized for diverse market ranging from passports and baggage to contact less drugs and payment cards. In the short term large closed loop markets would be quite profitable and companies would position themselves as leaders in hardware and integration in different vertical market segments. By 2016 it is expected that the total market for RFid including services and systems will shoot up to $26.23 billion. Tags to be delivered in 2016 would be 450 times the number in 2006.
via [Fibre2Fashion]
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