Global RFID Market 2008-2012

Document Sample
Global RFID Market 2008-2012 Powered By Docstoc
					Global RFID Market

   2008-2012
                                                                                        G Har l R F I D     arke
                                                                                  Ser v erl o ba d w ar e -M2 0 0 8 t
                                                                                                         2008-2012




                                    Table of Contents
1. Introdu cti on ............................................................................. 3
2. Gl obal RFID Market .................................................................... 4
3. Market Segmentati on by Geograph y ............................................... 6
4. Market drivers by In du stry ........................................................... 9
  4.1 Health care Industry ............................................................... 9
  4.2 Airlin e In du stry ..................................................................... 9
  4.3 Manu factu ring ..................................................................... 10
  4.4 Pharmaceutical ................................................................... 10
5. Growth Prospects of RFID .......................................................... 11
6. Market Trends ......................................................................... 12
7. Ch allenges ............................................................................. 13
8. Maj or Ven dor Profiles ............................................................... 14
Oth er Reports in this Seri es ........................................................... 20




                                      List of Exhibits

Exhibit 2.1: Gl obal RFID Market in $ million s (2008 - 2012) ..................... 4
Exhibit 2.2: Gl obal nu mber of RFID Tags sol d in million s (2008 -2012) ...... 5
Exhibit 3.1: Market Segmentati on of RFID by Geography (2008) .............. 6
Exhibit 3.2: RFID Market Segmentati on by Frequ en cy (2008) .................. 7
Exhibit 3.3: RFID Market Segmentati on by Techn ol ogy (2008) ................. 8




                                                                                                     2
                                                                                G l o ba l R F I D M a r k e t

                                                                                                2008-2012




1. Introduction
Radio Frequency Identification (RFID) is a technology used for identification and capture of
data, using radio waves. In the recent times, there have been many advances in the RFID
technology, which account for reduction in the cost of its components with increase in its
capabilities. RFID technologies are of two types: active tags and passive tags. The active
RFID tags are self-powered as compared to the passive ones that require external power.
Even though active tags are expensive, they have the advantage of more memory capacity,
and cover large communication distances.
The economic recession has affected many industries such as manufacturing, retail,
logistics, automotive, etc; however, the growth of RFID will continue in industries such
healthcare, pharmaceuticals, airline, manufacturing etc. This can be attributed to the fact
that the RFID suppliers will continue to invest in RFID technology for these sectors. Also,
they are likely to explore new markets and applications for their expansion; thus, creating
new opportunities for the RFID players. The RFID market has gone through a transition,
with focus on meeting compliances with regulations. Also, the focus is on revenue
generation and innovation. Innovation in the RFID applications comprises tracking inventory
on a real time basis and using it for production, storage, shipping, and distribution.
The RFID technology buyers are driven by greater functionality features and return on
investment. Another driving force for the RFID market is that the governments of different
countries are focusing on allocation of frequency and harmonization of RFID bands. This is
likely to ensure greater interoperability and credibility to the market. For example, the
Chinese government had invested in RFID for the national identification card scheme; the
US government for military; and the British government for passports. Moreover, the
government of different countries is looking for RFID to combat terrorism, crime, and
threatened epidemics of disease.
Among the RFID components, demand is expected to increase for Real Time Location
Systems (RTLS), disposable smart active RFID sensor systems, and other multi-functional
devices. Also, there has been an evolution for new technologies such as Ubiquitous Sensor
Networks (USN), which is a form of active RFID. These networks monitor safety features at
construction site and detect the risk of natural disasters.
With the reduction in size, cost, and low power requirement, RFID gives a sense of surety
that it will be able to increase its market share. Further, open standards such as ISO
18000, EPC Types 3 & 4 and IEEE 802.15.4 are also contributing towards the growth of
RFID. These standards define various parameters for the RFID applications.




                                                                                            3
                                                                                   G l o ba l R F I D M a r k e t

                                                                                                   2008-2012




2. Global RFID Market
The recession has not only affected the expansion plans of the RFID suppliers but also the
capture of new customers. The global RFID market (including software, hardware and
services) is expected to experience uneven growth in 2009, on account of limited
investment by companies. However, it is likely to recover by 2010. The market was $5,250
million in 2008, and is expected to reach $9,182 million by 2012.

Exhibit 2.1: Global RFID Market in $ millions (2008 -2012)

  10,000
                                                                    
				
DOCUMENT INFO
Description: The economic recession has affected many industries such as manufacturing, retail, logistics, automotive, etc; however, the growth of RFID will continue in industries such healthcare, pharmaceuticals, airline, manufacturing etc. This can be attributed to the fact that the RFID suppliers will continue to invest in RFID technology for these sectors. Also, they are likely to explore new markets and applications for their expansion; thus, creating new opportunities for the RFID players. The RFID market has gone through a transition, with focus on meeting compliances with regulations. Also, the focus is on revenue generation and innovation. Innovation in the RFID applications comprises tracking inventory on a real time basis and using it for production, storage, shipping, and distribution. The RFID technology buyers are driven by greater functionality features and return on investment. Another driving force for the RFID market is that the governments of different countries are focusing on allocation of frequency and harmonization of RFID bands. This is likely to ensure greater interoperability and credibility to the market. For example, the Chinese government had invested in RFID for the national identification card scheme; the US government for military; and the British government for passports. Moreover, the government of different countries is looking for RFID to combat terrorism, crime, and threatened epidemics of disease. The report by TechNavio Insights forecasts the size of the Global RFID Market over the period 2008-2012. It segments the market into various geographic regions. It also provides RFID market segmentation by frequency and by technology. Further, it discusses the key market drivers by industry, market trends, challenges and growth prospects of the Global RFID Market, and profiles some of the key vendors of this market.
BUY THIS DOCUMENT NOW PRICE: $1200 100% MONEY BACK GUARANTEED
PARTNER Infiniti Research
Infiniti Research provides actionable market intelligence, strategic intelligence, competitive intelligence and customer intelligence to leading companies worldwide. We have extensive access to market information and established contacts with decision makers in the corporate world that we bring to all our projects. Our clients range from rapidly growing start-up's to blue-chip Fortune 500 companies. Our research services cover 50+ countries and we deliver 200+ market research projects every year. TechNavio is the market intelligence platform of Infiniti Research and is built on a foundation of fact-based information and insights drawn from the leaders, doers and influencers of the corporate world.