|Home||Internet of Things||Aerospace||Apparel||Energy||Defense||Health Care||Logistics||Manufacturing||Retail|
RFID Chip Market to Grow 63% Annually Through 2011
IC Insights has published a report that makes predictions for the worldwide market for RFID chips, which the research firm projects will grow at an impressive annual rate of 63 percent through 2011, when revenues reach $2.3 billion and units 26.1 billion.
Feb 07, 2008—This article was originally published by RFID Update.
February 7, 2008—Research firm IC Insights has published a report that makes predictions for the market for RFID chips, also called integrated circuits or ICs. Recall that ICs are the "brains" of an RFID tag, the little silicon component that responds to reader commands and stores data. Focusing on ICs alone is a little unusual for RFID market reports, which typically look at components like readers and tags, or market categories like supply chain and retail.
Note that ICs are present in every sort of RFID tag form factor, from smart labels to key fobs to gambling chips to electronic passports to automated car toll payment devices. So the market numbers listed below encompass all those many applications, not just the familiar type of tag used in supply chain. Among IC Insights' key predictions:
So who are the chip companies (or semiconductor manufacturers, as they're more commonly referred to) that will benefit from all this projected growth? RFID names closely associated with Gen2 like Impinj and Alien will certainly benefit from growth in whatever applications demand Gen2 technology. There are many more semiconductor manufacturers for whom RFID is but one offering in a vast portfolio of chip products. Some of the most well-known include Texas Instruments, NXP, and STMicroelectronics. Many more exist in Asia.
Expect the silicon manufacturers to be selective about the market opportunities they pursue. Impinj and Alien, for example, are focused on the Gen2 market. Texas Instruments has years of experience producing millions of RFID key fobs. Others compete only in the smart card market, and still others in the electronic passport and identification market. This multitude of product categories should be kept in mind when considering IC Insights' predictions for the RFID IC market, which, while large in the aggregate, is quite segmented across applications, technologies, and even geographies.
Read the release from IC Insights
Login and post your comment!
Not a member?
Signup for an account now to access all of the features of RFIDJournal.com!
SEND IT YOUR WAY
RFID JOURNAL EVENTS
ASK THE EXPERTS
Simply enter a question for our experts.