In 2005, more than 1.3 billion RFID tags were produced. By 2010, 33 billion tags will be manufactured according to a report by In-Stat.
"By far the biggest RFID segment in coming years will be supply chain management," says Allen Nogee, In-Stat analyst. "This segment will account for the largest number of tags/labels from 2005 through 2010. Wal-Mart, the world's largest retailer, has spurred this projected growth by mandating that its top 100 (and, later its top 300) suppliers begin to use RFID."
The report "RFID Tags And Chips: Opportunities in the Second Generation" produced by In-Stat, a San Jose, Calif.-based research firm, states that while cost will determine the spread of RFID to various industries, prices for both tags and labels are decreasing quickly.
Privacy will continue to be an important issue to contend with as global governments and courts are currently evaluating RFID-related legislation.
For a copy of the report visit http://www.instat.com/catalog/wcatalogue.asp?id=3#IN0502115WT
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