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  • Editing Team 11:37 on January 14, 2014 Permalink | Reply
    Tags: , RFID market   

    TechNavio: Tags to Contribute Half of Global RFID Market in 2014 

    Statistics from latest research findings of TechNavio show that RFID tags are expected to account for a bit more than 50% of the revenue in the global RFID market, which also includes readers and services.

    According to the firm, the global RFID market this year is expected to be in the range of $9 billion to $11 billion, and this figure is expected to double by 2018.

    Numerous factors are expected to drive this growth in the RFID market, including the possible lowering cost of RFID systems and tags, as well as various initiative by retail establishments to have RFID tagging as part of their logistical support.

    Of the total market size, RFID tags are expected to contribute to a little more than half the value of the RFID market in 2014, and a significantly reduced amount by 2018.

    The report covers the forecast period of 2014 to 2018, and analysis of that period indicates that the RFID tags market will grow at a compounded annual growth rate (CAGR) of 22.7% during the forecast period, with the software and services segment following closely and growing at a CAGR of 22.9%, followed by the readers segment, growing at a CAGR of 20.9%.

    As of 2013, TechNavio indicates, the Americas was still the leading contributor to the global RFID market accounting for close to half the global revenue, followed by Europe, the Middle East and Africa (EMEA) and the Asia-Pacific region. The Americas (particularly the U.S.) was one of the early and highest adopters of RFID. In terms of growth, however, the Asia-Pacific region exhibits the highest potential throughout the next 10 years, during which period numerous projects will be implemented in this region by private and government enterprises.

    The study also found that RFID started primarily as tool for tracking within a confined area, but that this has changed over the years, with the technology becoming an important tool for business-planning purposes, wherein data obtained from RFID tags is being used to determine what measures need to be taken within an organization. For example, the firm reports, employing RFID to track the quantity of containers being loaded onto a truck can help a company decide how many vehicles it requires, and to identify a trend, thereby enabling it to plan ahead.

    “In the coming years,” says Arijit Rakshit, a TechNavio spokesman, “we expect RFID to be more visible in terms of the number of deployments, and in the number of applications for which they can be used. We also expect lower costs of active tags that will help in the above scenario to take place in the coming years.”

     
  • Editing Team 17:45 on December 16, 2013 Permalink | Reply
    Tags: , RFID market   

    TechNavio: Global RFID Market to Increase at a 22.4% CAGR Through 2018 

    The global RFID market is forecast to increase at a 22.4% compound annual growth rate (CAGR) through 2018, according to TechNavio.

    RFID tags are used in many industries to track assets, processes and personnel. The tag is attached to an asset to be tracked, and an RFID reader reads the wireless signal emitted by the tag. For example, the automotive industry uses RFID tags to track automobiles throughout the assembly process, and the oil and gas industry uses them to keep track of personnel on off-shore oil rigs.

    In addition, RFID technology is being incorporated into mobile payment systems using smartphones equipped with NFC technology.

    Key factors contributing to market growth are the efficiency of RFID tags in tracking assets and the increasing use of RFID technology in retail, TechNavio notes.

    Major vendors in the RFID market are Alien Technology, Honeywell’s Intermec, Impinj and NXP Semiconductor. Other vendors in the space include Motorola Solutions, RF Code, RFID4U, UPM raflatac and Zebra Technologies.

    “In recent years, the vendors in the global RFID market have been increasing their expenditure on the R&D [research and development] of RFID semiconductors…This focus on R&D has helped vendors introduce RFIDs that are increasingly cost-effective as well as effective. Thus, the improved accuracy and reduced prices of RFID devices are leading to increased adoption among several major end-users in the market,” comments TechNavio.

     
  • Editing Team 17:41 on October 23, 2013 Permalink | Reply
    Tags: , , RFID market   

    Forecast: Global RFID Market in the Apparel Industry to Grow 19.8% Annually During 2012-2016 

    It is forecasted that the global RFID semiconductor market in the apparel industry will grow at a CAGR of 19.8% over the period of 2012-2016.

    An analyst said, in recent years, the vendors in the global RFID semiconductor market in the apparel industry are increasing their R&D spending on RFID semiconductor. Leading vendors such as NXP Semiconductor, Impinj, Alien Technology, and EM Microelectronics have increased their investment in the R&D of RFID semiconductors. In addition, they are partnering with software and hardware suppliers and value-added resellers for making significant investments in R&D. What’s more, the focus on R&D is helping vendors to introduce RFID devices that are inexpensive and more effective. Thus, higher accuracy, lower price, and better integration ability is leading to the faster adoption of RFID solutions among major end-users in the market.

    One of the key factors contributing to this marketing growth is mandates made by major retail giants that require suppliers to use RFID devices. Most of retail giants such as Wal-Mart have instructed their suppliers to use RFID tags on every pallet that they supply.

    However, the high initial investment required to deploy RFID devices could pose a challenge to the growth of this market. The high cost is a major barrier that prevents the adoption of RFIDs by small and medium sized apparel retailers globally.

     
  • Editing Team 07:46 on April 1, 2013 Permalink | Reply
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    ABI: 2.1 Billion Contactless Credentials Including RFID Solutions to Ship in 2018 

    ABI-Research-2018-contactless-credential-rfid-blogABI research predicts that in 2018, a total of 2.1 billion contactless credentials including a combination of smart cards and RFID solutions, will ship into the transportation and ticketing market. This amounts to just over double compared to 2012.

    Of all contactless ticketing credentials deployed in 2012, MiFare solutions accounted for over 80% of sales. Although MiFare continues to be the top solution provider, by 2018, it is expected that CiPurse and other categories will contribute in reducing MiFare’s share.

    With the increase of national government standards worldwide, such as ITSO in the UK and VDV in Germany, further fragmentation is expected. This will enable cross-authority travel with single credentials.

    ABI Research’s, Transportation Ticketing Technologies include coverage of secure IC’s, smart cards and RFID.

     
  • Editing Team 09:55 on March 15, 2013 Permalink | Reply
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    China’s RFID Card Market to Double to $807 Million in 2017 

    China-card-market-double-2017-Internet-of-Things-RFID-blog

    China’s RFID card market will nearly double in value and more than double in units in 2017, as government focuses on the futuristic Internet of Things — embedding connectivity and intelligence in everyday objects — and private sector grows, according to Lux Research.

    The RFID card/tag market will grow from 894 million units in 2012 to 2.11 billion, with a compound annual growth rate (CAGR) of 19%. In revenue terms, the market will grow to $807 million in 2017, from $454 million in 2012, at a CAGR of 12%.

    “So far, government applications account for 22% of the volume and 34% of the revenue, but that is about to change quickly,” said Richard Jun Li, Director of Lux Research.

    “With the rise of market-driven applications, there are opportunities for multinationals to leverage China’s RFID growth — speed and identification of the best local partnerships will be critical,” he added.

    Here are some of the findings by Lux Research analysts:

    ■Consumer market is the strongest. Driven mainly by the adoption of RFID tags for anti-counterfeiting, consumer applications will grow the fastest in volume terms — at a CAGR of 38% until 2017. Industrial applications will grow at a 25% rate, while electronic toll collection will be a fast-growing subsector.

    ■Local OEM players emerging. The rise of Chinese original equipment manufacturer (OEM) suppliers for RFID cards/tags is creating a new industry dynamic. Currently, the top 15 suppliers account for 57% of the Chinese market and are poised for further gains.

    ■Focus is on fast-growing UHF market. Chinese companies do not have as strong a position in superior UHF chips — which will grow dramatically to become a $236 million market in 2017. However, the clock is ticking for multinational suppliers, as the Chinese government is putting significant resources into developing homemade UHF chips.

     
  • Editing Team 23:56 on October 8, 2012 Permalink | Reply
    Tags: , , RFID market   

    Incentives — Key to NFC’s Further Development 

    Nowadays we can see NFC making its way into various mobile devices, transit systems and so on. However, skepticism, general lack of knowledge and incentive are there to hinder it from going any further.

    Today’s smartphones are “smart” enough to almost replace our keys and wallet. For some tech fans, a day without a phone is like a day without sunshine. The intimate relationship between user and smartphone has laid the foundation for NFC adoption, yet the key to dig out the technology’s hidden potential may be providing proper incentives.

    According to a Forrester Research report, retailers see NFC as a means to bolster brand loyalty and accelerate checkout process. However, current payment options are sufficient, thus making consumers adopt NFC increasingly depends on companies and devices which offer a broader experience that surpass those traditional payments.

    Worldwide NFC-enabled mobile shipments will more than double this year to nearly 100 million, while mainstream use of this technology is still 3-5 years out for many countries, presumed Forrester Research.

    As we know, NFC can offer a lot more to its users than just a means of payment. For instance, users can use mobile devices to check product availability, compare prices or pay mobile service bills directly from their phones. If so, there may be a place for NFC in the mainstream.

    Although for the time being NFC deployments are somewhat sparse, small businesses are reveling in the technology’s benefits. NFC offers smaller vendors the opportunity to accept card payments for a smaller cost as well as at greater convenience.

     
  • Editing Team 21:55 on September 18, 2012 Permalink | Reply
    Tags: , , RFID market, ROI, ,   

    ABI Predicts Modernizing RFID Applications to Hit $4.5 Billion by 2017 

    Traditional uses of RFID for the identification of animals, people, and within the automotive sector will increase by $2.8 billion from 2012 to 2017, ABI estimated. However, ABI Research’s new RFID Market Tracker found that modernizing RFID applications will grow twice as fast with annual revenues derived from these jumping by $4.5 billion in the same timeframe.

    “Despite the general economic malaise affecting much of the world, solutions and technologies that can deliver savings and provide wider benefit will attract investment. The business model and use case for RFID is now being better understood and real-world ROI can be demonstrated in a growing number of instances.” said John Devlin, practice director.

    The ability to add and implement greater security is another factor driving the growing adoption of RFID in both traditional and new applications.

    Devlin added, “There will be an increasing need for companies and, in particular government organizations, to be able to track and authenticate their in-house assets and equipment as well as items and products provided and sold. Think of the supply of food and pharmaceutical products, as well as consumer electronics and automotive, from the farm or point of manufacture and onto consumption and use. Similarly the installation and maintenance of large projects, e.g. transportation and utilities, are of critical importance. We expect to see increasing use of RFID ahead of alternative solutions to provide this audit trail.”

     
  • Editing Team 10:19 on August 17, 2012 Permalink | Reply
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    NXP Leads the Growing Contactless Ticketing Market 

    NXP-Semiconductor-MiFare-contactless-ticketing-rfid-blogAccording to a report from ABI Research, NXP Semiconductors still dominates the contactless ticketing market despite strong competition from key market players like Austriamicrosystems, Infineon and Samsung. NXP claims that its line of MiFare solutions has played an important role in maintaining its position in the market. The company had 70 percent market share in 2011 due to its mart card and RFID ticketing IC shipments.

    ”Contactless smart ticketing used to be adopted only by those large flagship cities across the world. We are now starting to see contactless ticketing solutions adopted by smaller towns and cities, who realize the benefits and potential ROI contactless technology can achieve. For example, the transport authorities within Newcastle, Bradford, and Manchester in the UK are all looking into contactless ticketing adoption, inspired by the London Oyster card,” says John Devlin, Practice director at ABI Research.

    The overall contactless ticketing market continues to grow at a double digit rate (YoY) and is bringing in new market players, whilst allowing those already active and dominant to maintain a strong position in the years to come.

     
  • Editing Team 11:55 on August 7, 2012 Permalink | Reply
    Tags: , RFID market   

    RFID Market Grows Fastest in Asia Pacific Region 

    Asia-Pacific-fastest-growing-region-for-RFID-blogFor the past few years, the RFID (radio frequency identification) market has been growing steadily, but the rate of increase differs in regions across the world.

    According to a research study done by Susan Sahayan from Frost & Sullivan, the majority of RFID revenues in the world currently come from the Americas although it is not the faster growing region for RFID. The RFID market in the Americas has matured over the years thus it tends to grow steadily rather than rapidly.

    On the other hand, with the need for operational improvements, Europe, Africa and the Middle East are quickly catching up to the Americas in terms of revenue generated. The main cause for the increasing demand for RFID technology in these regions is growth in technology.

    Although the Asia Pacific area absorbs the least RFID technology, it is the fastest growing region of all and thus adopts the most RFID systems.

    Greater need for the technology in government and medical institutions to keep more organized records of stored tools, medications and data files are part of many reasons for RFID adoption. In turn, this requires an improvement of operational efficiency, which is another driving force for RFID technology adoption. As the costs of adoption decline, the rate of growth has also increased. Finally, advancement in UHF technology has made creating RFID systems more efficient and simpler. All these driving forces have brought RFID closer to the retail, government, and agricultural sectors across the world.

    Although there are many driving forces for the RFID market, there is room for much needed improvements. Key restraints holding RFID technology from soaring in adoption are the lack of consistent standards for use, relatively high costs for transition, and an overall lack of awareness of RFID and its potential benefits. Although conferences, research studies and pilot projects are some of many steps that have been taken in order to raise awareness of RFID technology and its advantages, there remains a reservation toward adoption because of privacy concerns that may arise.

    Although RFID technology can drive tracking and archiving of products and information to a whole new level, there are obvious concerns about the high level of information that adopters will have records and records of. This creates serious concerns related to general civil liberties of the public.

    The Asia-Pacific region is forecasted to be the greatest user of RFID technology in the near future due to its emergence as the fastest growing market for RFID in the world. For this reason, it will likely contribute most to the growth, awareness, and acceptance of RFID technology.

     
  • Editing Team 17:50 on August 2, 2012 Permalink | Reply
    Tags: , RFID market,   

    Research from Cybra Shows the Rapid Increase of RFID Users 

    Research from Cybra, a barcode and RFID software supplier, shows that in the past four years, the number of RFID users has increased rapidly. Compared to that of 2008, the number of respondents has increased 157%. It has investigated 153 enterprises, half of which are Cybra’s customers and most of which are retailers of garment, etc. The increase of respondents means that item-level applications have increased, but most of applications are used in closed-loop supply chain, which means production and marketing are owned by the same company.

    According to the research, 70% of the surveyed have already adopted or intend to adopt RFID technology; 54% are deploying the tech; 19% have no intention for it. Among these users, 81% of them expect to get the ROI within 3 years; 56% anticipate getting the ROI within 2 years. A quarter of them are manufacturers; 11% are retailers; another 11% are garment retailers; 10% are wholesalers.

    Researches of 2008, 2011 and 2012 indicate that 21%, 32% and 54% respectively of the enterprises surveyed were using RFID technology. In 2008, 51% of the surveyed were intended to adopt RFID technology while 29% were not. However, this year, 70% of the surveyed are intended to adopt this technology in the near future while the number of those who are not interested in it reduced to 19%. Most of the companies of these 19% have concerns of high cost, tight budget, that the company is too small to adopt RFID systems, or that they have little confidence in the ROI. In addition, 62% intend to deploy RFID tech in inventory management, 32% in monitoring manufacture and assembling, 26% in tracking containers and trays.

    Most users deploy RFID tech in closed-loop application and get certain ROI. A jewelry retailer has adopted UHF RFID systems including Smartrac’s Belt tags as well as R420 and R440 readers. It adopted Impinj Monza 5 chips in the tags, Impinj Brickyard and Mini-Guardrail short-range antennas in the readers, Laird Technologies far field antennas, and Times-7 smart rack antennas. The RFID systems keep track of each item to make sure their security. Cybra plans to work with GS1 to make a new investigation in the coming spring.

     
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