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North American RFID Markets for Automotive and Aerospace & Industrial Manufacturing
Frost & Sullivan, May 2006
There is an increasing emphasis on evolving demand for responsive systems and this necessitates integrating manufacturing applications with ERP platforms and supply chain systems. The technology has significant potential for the manufacturing and logistics sectors to identify inventory (inbound and outbound), work-in-progress, critical assets, spares, tools and high value components. RFID enabled logistic structures ensure multiple data capture points thereby actualizing true visibility into the movement of inventory. The technology supports technical requirements of increasingly global logistic and distribution structures that necessitate local responsiveness along with global interoperability. RFID possess immense potential in this regard provided market participants move towards deployment and increased integration.
The total North American RFID market for manufacturing and logistics generated $74.8 million in 2005, which is the base year for the purpose of this research service. The market is expected to grow at a compound annual growth rate (CAGR) of 19.6 percent over the forecast period to reach revenues of $261.8 million in 2012. The automotive and industrial vertical segment markets account for the highest percent of market revenues with 39.0 percent and 37.0 percent during 2005 which was the base year of the research. The split of revenues by geographic regions for the total market revenues indicates concentration of the present market potential within USA. The region accounted for 57.3 percent of the market revenues during the base year.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Automotive
- Aerospace
- Industrial
- North America - USA, Canada and Latin America
Technologies
The following technology is covered in this research service:
- RFID - Radio Frequency Identification
Market Overview
This Frost & Sullivan research service entitled North American RFID Markets for Automotive and Aerospace & Industrial Manufacturing provides an overview of the revenues and growth rates for the total North American market and each vertical and geographic segment along with an analysis of the market and technology trends, end-user application trends and the competitive landscape. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets:
- Vertical markets - aerospace, automotive and Industrial
- Geographic markets - USA, Canada and Latin America
This analysis is available through our AutoID and Security Growth Partnership Services program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Councils.
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