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Thailand RFID Markets
Frost & Sullivan, May 2006
The Frost & Sullivan research service titled Thailand RFID Markets provides market analysis, revenue forecasts, and an analysis of competitive structure in the aforementioned industry. In this study, Frost & Sullivans expert analysts thoroughly examine the RFID market for security/access control, manufacturing and logistics, transportation, animal tracking, and others.
Market Sector
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
By RFID Application:
- Security/access control
- Manufacturing and logistics
- Transportation
- Animal tracking
- Others
Market Overview
Supply Chain Among Top Factors Driving Demand for RFID in Thailand
Thailand is among the more promising radio frequency identification (RFID) markets among the ASEAN countries, since it is the manufacturing base for many industries. Key applications for RFID include supply chain, manufacturing, and logistics, where the technology can help eliminate distance limitations, and can be applied internationally to promote trade. The RFID market in Thailand was worth $16.3 million in 2005 and is expected to reach $32.0 million by 2010, driven mainly by growth in manufacturing and logistics application.
RFID technology will be increasingly used in the near future and this offers local entrepreneurs an early opportunity to capture this market, says the analyst of this research service. To make all this possible, awareness-raising activities and education, and training for private users and Government organizations is important.
Emerging Market with Very High Aim
As the global market for RFID expands, Thailand is not only set to encourage the growth of the technology locally, but is anticipated to be at the forefront of the global RFID markets by 2010. Organizations such as the National Electronics and Computer Technology Centre (Nectec) and GS1 Thailand help in this aim. The ICT Ministry is also promoting the use of RFID technology, to track and trace products, as part of a wider Government plan to establish Thailand as a logistics hub in Indo-China.
Besides meeting the global mandates, there will be substantial domestic demand for RFID applications in Thailand, according to the analyst. This includes tracking birds and vaccine supplies to reduce the impact of outbreaks of bird flu; tracking of food and drug items, for counterfeit/pedigree purposes, and to limit the brand damage from recall incidents, enforcing maritime port security, addressing security threats, improving government, and commercial logistics, securing e-payments through contactless smartcards.
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