By 2014, RFID labels, which accounted for 10% of total smart label demand in 2004, will account for more than 85% of the market, according to "Smart Labels", a study from The Freedonia Group Inc., a Cleveland-based industrial market research firm.
While the fastest increases are expected for RFID labels, interactive packaging labels (including thermochromatic and time-temperature indicator products) will also show strong growth. However, the dominant electronic article surveillance (EAS) segment will remain almost stagnant, with demand increases of only 2.2% per year according to the survey.
As the RFID market develops over the next several years, U.S. demand for smart labels is projected to increase more than 11% annually to 8 billion units in 2009.
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