RFID presence in retail industry generated $161 mln in 2005

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.