RFID Market Reaches $7.67bn in 2012 - up 17 percent from 2011
18 July 2012
The latest RFID market research from IDTechEx finds that in 2012 the value of the entire RFID market will be $7.46bn, up from $6.37bn in 2011. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors, including both passive and active RFID. Detailed forecasts are now available in the recently updated RFID Forecasts, Players and Opportunities 2012-2022.
Source: IDTechEx, RFID Forecasts, Players and Opportunities 2012-2022
In many applicational sectors, RFID orders are up 10% - some much more. Primarily this is due to growth of passive UHF systems for tagging apparel and many closed loop applications. It is also driven by governments doing two things. Increasingly, they make it a legal requirement to fit RFID, recent examples being on animals in New Zealand and Europe.
Secondly they come up with huge sums of money to buy RFID. This varies from local governments committing to non-stop road tolling and library tagging to national governments increasingly buying national ID cards, passports and other forms of RFID. However, we find that military spending on RFID is down from previous highs.
In retail, RFID is seeing rapid growth for apparel tagging - this application alone demands 1 billion RFID labels in 2012, with 1.35 billion tags forecast for 2013. RFID in the form of tickets used for transit will demand 500 million tags in 2012.
In total, 3.98 billion tags will be sold in 2012 versus 2.93 billion in 2011. Most of that growth is from passive UHF RFID labels, however, at that frequency suppliers are still barely profitable so far.
For more information and sample pages of RFID Forecasts, Players and Opportunities 2012-2022 click here.