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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