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Smart Card and Retail Supply Chain Applications Expected to Drive RFID Growth
In terms of dollar value, the greatest spending on RFID tags was for RFID-enabled smart cards, used for contactless payments, secure access and mass transit, with $770 million spent last year. The military comes in second, with $200 million spent on 10 million tags, mostly passive EPC tags for tracking cases and pallets of supplies but also active tags for tracking shipping containers. In third place were electronic passports, representing another growth area—up to 25 million passive tags sold at a cost of $100 million.
Tag sales to pharmaceutical companies were modest, according to IDTechEx, in part because the Food and Drug Administration (FDA) has not mandated RFID use in drug packaging. Moreover, the pharmaceutical industry has not yet agreed on a single RFID frequency.
On the other hand, the number of RFID tags sold for tracking airline baggage was up to 25 million last year, a growth that would have been larger had it not suffered from reliability problems with many missed reads in 2006.
In 2007, IDTechEx forecasts that 1.71 billion tags will be sold worldwide, and that the total global RFID spending—including all hardware, systems and integration—will be $4.96 billion. By far, the biggest segment of this is for RFID smart cards in China, though the United States has the majority of RFID sales in all sectors other than contactless cards.
Das forecasts that the global market for RFID hardware, systems and integration will rise to $27.88 billion in 2017. "The main thing to take from this is that RFID is booming in some sectors," he says, adding that "RFID is incredibly diverse, the market is quite fragmented."
A more complete picture can be found in a report Das co-wrote with Peter Harrop. The entire report, entitled "RFID Forecasts, Players and Opportunities 2007-2017," is available at IDTechEx's Web site.
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Tag sales to pharmaceutical companies were modest, according to IDTechEx, in part because the Food and Drug Administration (FDA) has not mandated RFID use in drug packaging. Moreover, the pharmaceutical industry has not yet agreed on a single RFID frequency.
On the other hand, the number of RFID tags sold for tracking airline baggage was up to 25 million last year, a growth that would have been larger had it not suffered from reliability problems with many missed reads in 2006.
In 2007, IDTechEx forecasts that 1.71 billion tags will be sold worldwide, and that the total global RFID spending—including all hardware, systems and integration—will be $4.96 billion. By far, the biggest segment of this is for RFID smart cards in China, though the United States has the majority of RFID sales in all sectors other than contactless cards.
Das forecasts that the global market for RFID hardware, systems and integration will rise to $27.88 billion in 2017. "The main thing to take from this is that RFID is booming in some sectors," he says, adding that "RFID is incredibly diverse, the market is quite fragmented."
A more complete picture can be found in a report Das co-wrote with Peter Harrop. The entire report, entitled "RFID Forecasts, Players and Opportunities 2007-2017," is available at IDTechEx's Web site.
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| Source: IDTechEx RFID Forecasts, Players and Opportunities 2007-2017 |
