Albany, NY -- (ReleaseWire) -- 04/04/2014 -- This report provides the key data and analysis of extensive research including interviews with RFID adopters and solution providers in the various applicational RFID markets, giving an unprecedented level of insight into the total RFID industry and what is really happening.
Research Report find that in 2013, the total RFID market is worth $7.88 billion, up from $6.98 billion in 2012, and growing to $9.2 billion in 2014. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors. IDTechEx forecast that to rise to $30.24 billion in 2024.
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In retail, RFID is seeing rapid growth for apparel tagging - that application alone demands 2.25 billion RFID labels in 2013. RFID in the form of tickets used for transit will demand 600 million tags in 2013. The tagging of animals (such as pigs, sheep and pets) is now substantial as it becomes a legal requirement in many more territories, with 375 million tags being used for this sector in 2013. This is happening in regions such as China and Australasia. In total, 5.9 billion tags will be sold in 2013 versus 4.8 billion in 2012. Most of that growth is from passive UHF RFID labels, with UHF tag sales overtaking HF and LF tag sales by volume in 2012. However, in 2013 UHF tag sales by value will only be 11% of the value of HF tag sales.
Using new, unique information researched globally by IDTechEx technical experts, we analyze the RFID market in many different ways. Full analysis by each market is given in great detail including in-depth historic data by application type from 2005 year by year to 2020 and with a 2024 outlook. For passive RFID, forecasts are provided separately for the following application areas. For each we provide the number of tags, average sales price and total value of tags.
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Passive UHF market data segments - 10 year forecast
Retail apparel and footwear
Logistics, conveyances, roll cages
Air baggage and cargo
Passive HF RFID market data segments - 10 year forecast
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Passive LF market data segments - 10 year forecast
Livestock and pets
In addition, ten year forecasts are provided for battery assisted passive and active RFID and RTLS in the following applications:
Cold retail supply chain
Manufacturing parts, tools
Retail CPG Pallet/case
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