March 04, 2006
Highlights from RNCOS's new report 'RFID: Outlook China'
The market research firm RNCOS has come out with a new report titled "RFID: Outlook China". Some highlights:
- The RFID market in China has sustained its modest growth ratio of 8.55% in Q4 of 2005. The size of the RFID market in China grew from RMB 568 million in the third quarter to RMB 617 million in the fourth quarter in 2005
- The manufacturing segment should be prospective entry field for the RFID industry.
- In the Q4, the RFID market was busy with the launch of 2G ID cards, and implementations in fields where it is already applied on a large scale, such as public transportation, campus management, property/residential area management, etc.
- China has a great future in the manufacturing sector. There is a large application of logistics and availability of a substantial working capital in manufacturing procedures.
Though the exhibited rate of growth is moderate, the market still holds the potential.
Via [PR Minds]
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