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RFID News Roundup
Invengo Technology announces new channel partner program ••• Stanley Healthcare unveils new Emergency Call products for senior communities ••• Nano Dimension debuts silver nanoparticle inks for printed electronics, including RFID ••• RFID market tops $10 billion in 2015, IDTechEx Research estimates ••• ThingMagic readers add support for Gen2v2 security functions ••• Global RFID blood-monitoring systems market to top $500 billion by 2022.
RFID Market Tops $10 Billion in 2015, IDTechEx Research Estimates
The RFID market is estimated to hit total sales of $10.1 billion this year, according to a new report from IDTechEx Research. The research firm says growth will continue in established markets but is also expected in new markets. More than one third, or 38 percent, of the 2015 market value is for the tags themselves, for a total of 9.1 billion tags being sold—up from 7.8 billion tags in 2014, including all of the main RF frequencies, as well as both passive and active tags—according to IDTechEx Research.
A significant part of the growth is attributed to passive, ultrahigh-frequency (UHF) RFID tags (also now known as RAIN RFID). UHF RFID is being widely adopted for tagging apparel, the research firm notes, with 3.75 billion tags used for that application alone in 2015 versus three billion in 2014. For shorter-range high-frequency (HF) RFID, growth can be attributed to banks' use of secure RFID cards enabling contactless payments, with just under two billion being sold for that and other contactless card applications this year. Near Field Communication (NFC) is part of HF RFID as well, and NFC tag sales (excluding payment and personal ID applications) in 2015 will amount to 230 million units for such applications as tagging computer game figures and setting up Bluetooth pairing of consumer electronic devices.
IDTechEx Research's new detailed report, titled "RFID Forecasts, Players, Opportunities 2016-2026," assesses the entire industry. Historic sales of RFID are provided from 2005 to 2015. Tables break out the sales of RFID by tag numbers, average sales price and total market value for 39 application areas, in addition to reader and software sales. Research is based on interviews with players all over the world.
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