Confused By RFID Forecasts?

Feb. 9, 2006
With a number of conflicting reports on the future size of the RFID market issued recently, IDTechEX, a Cupertino, Ca.-based RFID consulting firm, feels it has a better handle on predictions. "We think it will be $12.35 billion," says IDTechEx. "We ...

With a number of conflicting reports on the future size of the RFID market issued recently, IDTechEX, a Cupertino, Ca.-based RFID consulting firm, feels it has a better handle on predictions.

"We think it will be $12.35 billion," says IDTechEx. "We believe that much of this difference comes down to what one includes as being RFID. For example, we include everything that operates over radio frequencies and which provides identification as one of its primary functions -- whether they are cards, tickets, labels or fobs; or passive or active (with battery)."

IDTechEX includes contactless smart cards which include NFC cell phone readers and smart tickets such as those sold for transportation cards or secure access cards used for buildings. National ID cards are included in the count as well. The prediction on smart card sales for 2006 is about 2 billion according to IDTechEx.

Active RFID cards, of which 40 million will be supplied in key fobs for car clicker systems, are included in the RFID market total as they are now a large and mature market.

In 2005, 25 million trade fair tickets to a Tokyo show were sold brining in $1 billion. Similarly in London over $1.6 billion has been allowed for a contactless transport system.

To get a copy of the report visit: http://www.idtechex.com/products/en/view.asp?productcategoryid=93

Interested in information related to this topic? Subscribe to our weekly RFID eNewsletter.

Popular Sponsored Recommendations

Process Mining For Dummies

Nov. 19, 2023
Here it is. Everything you need to know about process mining in a single book, written in the easy-to-understand, hard-to-forget style that ‘For Dummies’ manages so effortlessly...

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Navigating Disruption: A Leader’s Guide to Strategy Under Uncertainty

Nov. 1, 2023
AI, sustainability, digital--industrials are facing disruptive forces that are redefining what it takes to win. What got your company where it is today won’t get you where you...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!