RFID sales generated $5 bln in 2007
RFID sales around the world hit $5 bln in 2007, a figure pushed by a $2 bln investment in China’s chipped national ID card, according to IDTechEx.
Animals, food and farming RFID to reach $9.4 bln by 2017
The market for Radio Frequency Identification (RFID) of animals, food, and farming will reach $9.4 bln by 2017, making it the largest market for RFID technology, VSurance claims.
RFID generated $4.96 bln in 2007
In 2007, the total RFID market size is $4.96 bln. By 2017, the total RFID market size is estimated to grow to $26.88 bln, RFID Limited says.
RFID tag shipments to grow by 100% every year
Wi-Fi RFID tag shipments will grow at over 100% annually through 2010, reports In-Stat. AeroScout shipments accounted for the majority of all Wi-Fi RFID tags in 2006. 2006 worldwide Wi-Fi RFID tag shipments reached 135,000.
Chinese RFID market to grow at 82.4% a year
RFID vertical application market was estimated at RMB 1.477 billion in China in 2005, in which ultrahigh frequency (UHF) RFID application accounted for only 10.6% at RMB 156 million. IDC predicts that by 2010, the total market revenue will reach RMB 29.837 billion, with a forecast compound annual growth rate (CAGR) for 2005-2010 of 82.4%.
RFID to earn $2 bln by 2011
By 2011, the A&D RFID market is expected to realize revenue in excess of $2 bln, ABI Research says.
RFID baggage handling to generate $11.8 mln in 2006
The overall systems revenue for RFID airline baggage handling will be $11.8 mln in 2006, growing to almost $27.5 mln in 2011, a CAGR of 18.49%, ABI Research said.
565 mln high-freq RFID ICs shipped in 2005
More than 565 mln high-frequency RFID tag ICs were shipped in 2005, according to ABI Research. In the year from Q1 2005 to Q1 2006, shipments of HF ISO14443 tag ICs increased 104%.
RFID presence in retail industry generated $161 mln in 2005
Radio frequency identification (RFID) technology in the retail consumer products goods sector reached $161 mln in 2005, with hardware accounting for 41%, according to Venture Development Corp. RFID will grow at a compounded annual growth rate (CAGR) of nearly 57% during the next four years, with revenue exceeding $1.5 bln in 2010.
12.4% of Western European companies piloting RFID projects in 2005
According to IDC, 12.4% of companies in the Western European manufacturing, retail/wholesale, and logistics sectors were piloting or planning to pilot radio frequency identification (RFID) in 2005, with 5.1% implementing it or planning to implement it.
Worldwide RFID spending to reach $504 mln in 2005
Worldwide RFID spending is expected to total $504 mln in 2005, up 39% from 2004. RFID will begin to experience broader industry adoption with business value-focused implementations toward the end of 2006 when new license revenue totals $751 mln. By 2010, Gartner forecasts worldwide RFID spending to surpass $3 bln.
Retail RFID revenues reached $400 mln in 2004
Revenue in the RFID market for retail totaled $400 mln in 2004, and estimates put the technology at about $4.2 bln by 2011, according to Frost & Sullivan. The North American retail RFID market is close to 40% of the global RFID market. More than 70% of retailers in Europe, Middle East and Africa with […]
RFID to be a $6.1 bln industry in 2010
Datamonitor predicts that RFID technology will be a $6.1 bln industry by 2010, triple what it is today.
52% of men and 31% of women are aware of RFID.
According to BIGresearch and Artafact LLC, RFID awareness is much higher among men (52%) than women (31%). RFID aware men and women understand the technology and can accurately describe it to others. 25.6% of respondents say that TV and radio rews are the most common way people learn about RFID. 23% feel the Internet is […]
90% of manufacturing RFID projects will focus on data integration
60% of manufacturers surveyed by Datamonitor are already working on RFID projects. 90% of manufacturers surveyed said their next RFID project will be based on systems and data integration. 90% of IT executives surveyed said grid computing was of no relevance anywhere in their product life cycles, and 80% say that utility computing is of […]
41% of adults know what RFID is
41% of adults say they know about RFID, up from 28% in September 2004, according to BIGresearch and Artafact. 23% of consumers said they learned about RFID from the Web. 26% found out about it from TV and radio news. 68% of respondents are concerned that the technology will be used for purposes other than […]
Only 16% of the companies implemented RFID projects
The Computing Technology Industry Association says 80% of IT manufacturers and service companies see a shortage of RFID talent to implement, service, and support radio-frequency identification technology. RFID adoption remains “relatively modest,” with about 71% saying their customers haven’t implemented RFID. 80% say they haven’t gone past investigating the technology, and just 16% have implemented […]
Government RFID spending to grow 120% by 2009
US government spending on RFID should grow 120% by fiscal year 2009, according to INPUT. RFID spending should start to take off in fiscal 2007, as businesses start demonstrating success in areas other than just the supply chain process.
RFID tagging in Europe to reach 10 bln euros by 2010
Radio tagging offers the possibility of creating a data profile for goods in order to improve flows of information along the value chain. The application possibilities for radio tagging are far more than simply a replacement for bar codes in wholesale and retail. With the resolution of pressing requirements in the areas of technology, regulation […]
RFID to solve $30 bln drug counterfeiting problem
Drug counterfeiting may cost the worldwide pharmaceutical industry more than $30 billion annually. RFID is seen as one way to lower that cost. Issues of drug counterfeiting and patient safety differentiate it from RFID in retail markets. With the industry losing $2 billion due to overstock and expiry and $30 billion due to counterfeiting, there […]
RFID tags generated $300 mln in 2004
RFID tags are poised to become the most far-reaching wireless technology since the cell phone, according to In-Stat. Worldwide revenues from RFID tags will jump from $300 mln in 2004 to $2.8 bln in 2009. During this period, the technology will appear in many industries with significant impact on the efficiency of business processes. The […]
10 bln RFID tags by the end of 2005
Deloitte & Touche expects collecting, collating and presenting RFID data will become a very sizeable industry, with technology companies grabbing the lion’s share of revenue. By the end of 2005, more than 10 bln RFID tags will have been sold and used.
RFID budgets to increase 3-5 times in 2005
Most of the 137 companies that undertook to meet RFID mandates during 2004 did get involved with the technology to a greater or lesser degree. But many started small, allocating much lower budgets to the effort than the $2-3 million some analysts had predicted. In 2005 these companies are increasing their investment, to scale up […]
GPS and cellular are most popular technologies for wireless tracking
ABI Research surveyed supply chain optimization providers, government and counter-terrorism agencies and loss prevention firms on plans to use wireless tracking technologies. GPS and cellular telephony happen to be the most widely adopted technologies, with Wi-Fi and Bluetooth gaining on current leaders.
RFID consulting market grew 47% in 2004
Encompassing a wide range of applications ? from helping to protect the U.S. drug distribution network from counterfeiters to ensuring child safety ? perhaps no other autoidentification concept has gained as much attention in 2004 as the topic of radio frequency identification (RFID). And with major companies planning to increase the deployment and integration of […]
$16.4 mln of RFID middleware sold in 2004
The global market for RFID middleware is expected to reach an estimated $16.4 mln in 2004, and an estimated $43 mln in 2005. This represents an annual growth rate of 162%. RFID middleware will account for roughly 3% of RFID systems revenues by 2007, or $135 mln. The global market for RFID systems reached $1.1 […]
Gartner says in 5 years RFID tag will cost a minimum of $0.20
Gartner analysts tried to put an end to a retail industry myth that radio frequency identification (RFID) tags will cost as little as five cents in the near future. The analysts said passive RFID tags cost from 40 cents to $10 and active tags usually run from $4 or $5 to hundreds of dollars. Gartner […]
79% of manufacturing, retail and transportation companies plan an RFID pilot
IT decision makers from a variety of industries including manufacturing, retail, transportation, and the government sector were surveyed by Wavelink Corporation in conjunction with Frontline Solutions Magazine and Frontline Solutions Conference and Expo. 79% of survey respondents plan to pilot or implement an RFID solution. Of this number, 22% have already implemented a pilot RFID […]
Each large retailer will spend $7 mln on RFID in 2004
Consumer goods manufacturers, which will spend an average of $6.9 million each on RFID in 2004, need to put their ROI into perspective looking beyond generic benefits, according to the Yankee Group.
Gartner compiles top 10 technologies for 2005
Gartner listed top 10 technologies that will become strategic in 2005: Instant messaging WLAN Taxonomies Voice over IP Software as a service Real-time enterprise infrastructure Utility computing Grid computing Network security convergence RFID
63% of NY residents want RFID wallets
A whopping 63% of city drivers would like to use E-ZPass to pay for meals, gas and parking, a new survey says.
77% of Americans heard of RFID, 42% like it
In conjunction with research firm SmartRevenue, Ertnst & Young reports that 77% of US consumers have heard of radio frequency identification (RFID) and 42% have a favorable perception of the technology. Consumers do have their concerns about RFID, however, especially in regard to its impact on prices, as 41% believe the incorporation of RFID technology […]
Spending on RFID To Surpass $1 Billion
IDC forecasts that RFID expenditures will reach nearly US$1.3 billion in 2008 from the current level of $91.5 million, as manufacturers, suppliers and distributors scramble to meet the Wal-Mart and DOD mandates.
IDC: RFID growth not as good as expected
Radio frequency identification (RFID) will also see slower growth than previously expected, IDC says. The firm says while there will be a lot of vendor investment in RFID technologies, that effort will be mismatched with customer spending. IDC says the technology could potentially in the long term revolutionize retail technology, but concerns over tag reliability, […]