RFID sales around the world hit $5 bln in 2007, a figure pushed by a $2 bln investment in China’s chipped national ID card, according to IDTechEx.
The market for Radio Frequency Identification (RFID) of animals, food, and farming will reach $9.4 bln by 2017, making it the largest market for RFID technology, VSurance claims.
In 2007, the total RFID market size is $4.96 bln. By 2017, the total RFID market size is estimated to grow to $26.88 bln, RFID Limited says.
Wi-Fi RFID tag shipments will grow at over 100% annually through 2010, reports In-Stat. AeroScout shipments accounted for the majority of all Wi-Fi RFID tags in 2006. 2006 worldwide Wi-Fi RFID tag shipments reached 135,000.
RFID vertical application market was estimated at RMB 1.477 billion in China in 2005, in which ultrahigh frequency (UHF) RFID application accounted for only 10.6% at RMB 156 million. IDC predicts that by 2010, the total market revenue will reach RMB 29.837 billion, with a forecast compound annual growth rate (CAGR) for 2005-2010 of 82.4%.
By 2011, the A&D RFID market is expected to realize revenue in excess of $2 bln, ABI Research says.
The overall systems revenue for RFID airline baggage handling will be $11.8 mln in 2006, growing to almost $27.5 mln in 2011, a CAGR of 18.49%, ABI Research said.
More than 565 mln high-frequency RFID tag ICs were shipped in 2005, according to ABI Research. In the year from Q1 2005 to Q1 2006, shipments of HF ISO14443 tag ICs increased 104%.
Radio frequency identification (RFID) technology in the retail consumer products goods sector reached $161 mln in 2005, with hardware accounting for 41%, according to Venture Development Corp. RFID will grow at a compounded annual growth rate (CAGR) of nearly 57% during the next four years, with revenue exceeding $1.5 bln in 2010.
According to IDC, 12.4% of companies in the Western European manufacturing, retail/wholesale, and logistics sectors were piloting or planning to pilot radio frequency identification (RFID) in 2005, with 5.1% implementing it or planning to implement it.