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.
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.
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
Logistics, conveyances, roll cages
Air baggage and cargo
Passive HF RFID market data segments - 10 year forecast
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
Shelf Edge Labels
People (excluding other sectors)
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
The research conducted by ultimately provides ten year forecasts by application area including tags, readers, software and services for the following markets:
Healthcare and medical
Land, sea logistics and post
Animals and farming
Airlines and airports
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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