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Asia Pacific Radio Frequency Identification (RFID) Markets
Frost & Sullivan, Dec 2010, Pages: 172
This research service discusses the Asia Pacific RFID Market's growth and forecasts from 2006-2016 for the tags, readers and middleware and software markets. It also focusses on the key vertical segments and their forecasts and analysis. The various vertical segments include transportation, industrial, livestock, retail, education, healthcare, automotive, aviation, others. The base year for the study is 2009, with forecasts running through 2016. The study covers the state of the market, covering drivers and restraints for growth, distribution and competition analysis, technology and regional trends
This Frost & Sullivan research service titled Asia Pacific Radio Frequency Identification (RFID) Markets provides qualitative and quantitative information on RFID hardware, software, and middleware for Asia Pacific along with analysis for end-use verticals. In this research, Frost & Sullivan's expert analysts thoroughly examine the radio frequency identification (RFID) tags market for transportation, retail, industrial, education, automotive, aviation, healthcare, livestock, other verticals as well as the market for RFID readers, middleware, and software.
This analysis is available through our Automatic Identification & Security Growth Partnership Services program. With continuous access to intelligence and resources from all seven perspectives of the Complex Business Universe, the Growth Partnership Services program ensures that you and your Growth Team™ are able to maintain a 360 Degree Perspective of the market. This comprehensive, objective information allows your company to mitigate risk, identify new opportunities, and drive effective strategies for growth.
Market Overview
Reduction in Costs of Hardware will Push Growth for RFID Markets across Asia Pacific Countries
Governments of several countries in Asia Pacific have played key roles in supporting various industries in adopting RFID. Though the technology is expensive due to heavy investment in hardware, the RFID market continues to grow every year. “The emergence of source tagging and growing supply chain applications are also key growth drivers in the industry,” observes the analyst of this research service. Source tagging is increasingly becoming popular, especially in Asia Pacific countries that are suppliers to big retailers in the United States. The technology helps enhance sales and reduce shrinkage in the supply chain. With the goods being tagged at the manufacturing or packaging stage, rather than at the store, store associates are left free to focus on customer service.
However, the cost of RFID hardware is still considered high and many companies are hesitant to invest on the technology fearing poor return on investment (ROI). Implementing a full-fledged system can cost $10 million to $25 million for a large manufacturer. The cost of tags depends on the quantity ordered, the type of integrated circuit (IC) and antenna used along with the manufacturing method, the amount of testing, and the type of inlay packaging used. The cost of readers varies based on the read range required, the intelligence of readers required to read the information on the tags, and the ability to read multiple tags at one go. Besides, the cost of tags and readers, other expenditures include middleware, application software, and system integration costs, as well as other hidden expenses. “Ensuring compliance and understanding the broader strategic role of the technology is essential since companies will likely need to upgrade their networks and storage to cope with the volume of data captured by the RFID system,” adds the analyst. “Hence the complete cost of RFID implementation can be high for several organizations, especially small and medium size enterprises.”
This issue can only be managed once the volumes become bigger and technological developments help reduce the overall cost of RFID. In the mean time, RFID vendors must concentrate their efforts and investments in applications that are increasingly becoming popular with a quick ROI for clients. The technology, being environmentally-friendly, is likely to be well-received as enterprises focus on green supply chain and reduction of carbon emission. With the economy starting to show signs of recovery, RFID technology is expected to play a more vital role within enterprises.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By Product Type:
- RFID Tags
- Readers
- Middleware & Software
By End-use Vertical:
Transportation
- Industrial (oil and gas, chemical, construction, electronics, and so on)
- Livestock
- Retail
- Others
- Education
- Healthcare
- Automotive
- Aviation
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