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Explore RFID2014 market: forecasts, players and opportunities that will rise to $27.31 billion in 2024

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.

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RFID Forecasts, Players and Opportunities 2014-2024 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz

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In 2014, the total RFID market is worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors.

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IDTechEx forecast that to rise to $27.31 billion in 2024.

In retail, RFID is seeing rapid growth for apparel tagging - that application alone demands 3 billion RFID labels in 2014 - which still has some way to go with RFID penetrating about 7% of the total addressable market for apparel in 2014. RFID in the form of tickets used for transit will demand 700 million tags in 2014.

The tagging of animals (such as pigs, sheep and pets) is now substantial as it becomes a legal requirement in many more territories, with 425 million tags being used for this sector in 2014. This is happening in regions such as China and Australasia.

In total, 6.9 billion tags will be sold in 2014 versus 5.8 billion in 2013. 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.

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Passive UHF market data segments - 10 year forecast

Retail apparel and footwear
Retail-other
Logistics, conveyances, roll cages
Asset management/inventory
Medical/health care
Air baggage and cargo
Access control/ticketing
Embedded
People
Other

Passive HF RFID market data segments - 10 year forecast

Contactless cards/fobs
Smart tickets
Books
Medical
Assets/tools
Passports
People
NFC applications
Other

Passive LF market data segments - 10 year forecast

Livestock and pets
Access control
Vehicle immobilizers
Medical
People
Other

In addition, ten year forecasts are provided for battery assisted passive and active RFID and RTLS in the following applications:

Pharma/Healthcare
Cold retail supply chain
Consumer goods
Postal
Manufacturing parts, tools
Archiving (samples)
Military
Retail CPG Pallet/case
Shelf Edge Labels
Conveyances/Rollcages/ULD/Totes
Vehicles
People (excluding other sectors)
Car clickers
Other tag applications

Additionally, the report provides units, asp and total value for RFID readers as follows:

UHF Fixed portal
UHF Embedded and handheld
HF and LF Hand held, fixed, embedded
LF Vehicle
NFC Cellphone

The research conducted by ultimately provides ten year forecasts by application area including tags, readers, software and services for the following markets:

Retail
Healthcare and medical
Passenger transport/automotive
Land, sea logistics and post
Animals and farming
Airlines and airports
Financial, Security
Manufacturing
Leisure/sports
Consumer products
Other

Data is also provided for other sectors including market by territory, value chain positioning, NFC, chip vs chipless and more. Cumulative sales of RFID are analyzed.

Progress of key companies is provided in addition to a matrix of hundreds of suppliers.

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