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Global RFID Market 2008-2012 Product Image

Global RFID Market 2008-2012

  • Published: July 2009
  • Region: World
  • 21 Pages
  • Infiniti Research Limited

The economic recession has affected many industries such as manufacturing, retail, logistics, automotive, etc; however, the growth of RFID will continue in industries such healthcare, pharmaceuticals, airline, manufacturing etc. This can be attributed to the fact that the RFID suppliers will continue to invest in RFID technology for these sectors. Also, they are likely to explore new markets and applications for their expansion; thus, creating new opportunities for the RFID players. The RFID market has gone through a transition, with focus on meeting compliances with regulations. Also, the focus is on revenue generation and innovation. Innovation in the RFID applications comprises tracking inventory on a real time basis and using it for production, storage, shipping, and distribution.

The RFID technology buyers are driven by greater functionality features and return on investment. Another driving force for the RFID market is that the governments of different countries are focusing on allocation of frequency and harmonization of RFID bands. This is likely to ensure greater interoperability and credibility to the market. For example, the Chinese government had invested in RFID READ MORE >

1. Introduction
2. Global RFID Market
3. Market Segmentation by Geography
4. Market drivers by Industry
4.1 Healthcare Industry
4.2 Airline Industry
4.3 Manufacturing
4.4 Pharmaceutical
5. Growth Prospects of RFID
6. Market Trends
7. Challenges
8. Major Vendor Profiles
Other Reports in this Series

List of Exhibits
Exhibit 2.1: Global RFID Market in $ millions (2008-2012)
Exhibit 2.2: Global number of RFID Tags sold in millions (2008-2012)
Exhibit 3.1: Market Segmentation of RFID by Geography (2008)
Exhibit 3.2: RFID Market Segmentation by Frequency (2008)
Exhibit 3.3: RFID Market Segmentation by Technology (2008)

According to TechNavio, “the global RFID market was $5,250 million in 2008, and is expected to reach $9,182 million by 2012.”

A major part of the growth for RFID comes from established applications such as security/access control, automobile immobilization, animal tracking, and toll collection. However, security-based solutions, contactless payments, and supply chain management applications are also emerging; thus, presenting new market opportunities. The other area of opportunity is contactless smartcards.

A large number of players exist in the RFID market. These include tag manufacturers, database providers, system integrators, etc. However, few players lack maturity to compete in the market. Thus, global RFID players are acquiring such immature players to increase their capabilities and capture the maximum market share.

The report “Global RFID Market 2008-2012”, published by TechNavio Insights, showcases the key trends in the global RFID market. It also includes the market size, segmentation, and market drivers.

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