RFID tag shipments to grow by 100% every year

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.

Chinese RFID market to grow at 82.4% a year

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%.

Retail RFID revenues reached $400 mln in 2004

Revenue in the RFID market for retail totaled $400 mln in 2004, and estimates put the technology at about $4.2 bln by 2011, according to Frost & Sullivan. The North American retail RFID market is close to 40% of the global RFID market. More than 70% of retailers in Europe, Middle East and Africa with revenues of $5 bln or more are involved in or are exploring RFID investments.

Only 16% of the companies implemented RFID projects

The Computing Technology Industry Association says 80% of IT manufacturers and service companies see a shortage of RFID talent to implement, service, and support radio-frequency identification technology. RFID adoption remains “relatively modest,” with about 71% saying their customers haven’t implemented RFID. 80% say they haven’t gone past investigating the technology, and just 16% have implemented one or more pilot projects for themselves or their customers. 37% of respondents say their companies will definitely offer RFID products and services within the next three years, and 39% say they’d consider doing so if there’s interest from their customers. 82% expect to offer RFID hardware installation and maintenance services, 62% to offer software implementations, and 51% other services.

RFID tagging in Europe to reach 10 bln euros by 2010

Radio tagging offers the possibility of creating a data profile for goods in order to improve flows of information along the value chain. The application possibilities for radio tagging are far more than simply a replacement for bar codes in wholesale and retail. With the resolution of pressing requirements in the areas of technology, regulation and marketing, the overall market for radio tagging in Europe could grow 10-fold over the next six years to reach 4 bln euros, according to research from Deutsche Bank.

RFID to solve $30 bln drug counterfeiting problem

Drug counterfeiting may cost the worldwide pharmaceutical industry more than $30 billion annually. RFID is seen as one way to lower that cost. Issues of drug counterfeiting and patient safety differentiate it from RFID in retail markets. With the industry losing $2 billion due to overstock and expiry and $30 billion due to counterfeiting, there is an opportunity for RFID, according to ABI Research.

RFID tags generated $300 mln in 2004

RFID tags are poised to become the most far-reaching wireless technology since the cell phone, according to In-Stat. Worldwide revenues from RFID tags will jump from $300 mln in 2004 to $2.8 bln in 2009. During this period, the technology will appear in many industries with significant impact on the efficiency of business processes. The widespread adoption of the technology will take a couple of years to really ramp up, as tags are still relatively expensive, ranging from a low of around $0.15 to a high of over $100. Privacy issues remain a concern for many applications of RFID, and currently courts and governments around the world are in the process of determining related legal issues. The second-largest market for RFID, at least in the latter years of the forecast, is consumer products, even though this market is one of the most privacy-sensitive areas.

RFID budgets to increase 3-5 times in 2005

Most of the 137 companies that undertook to meet RFID mandates during 2004 did get involved with the technology to a greater or lesser degree. But many started small, allocating much lower budgets to the effort than the $2-3 million some analysts had predicted. In 2005 these companies are increasing their investment, to scale up and integrate RFID into their normal operations. ABI Research sees companies increase their RFID budgets three to five times in 2005 compared to 2004.

RFID consulting market grew 47% in 2004

Encompassing a wide range of applications ? from helping to protect the U.S. drug distribution network from counterfeiters to ensuring child safety ? perhaps no other autoidentification concept has gained as much attention in 2004 as the topic of radio frequency identification (RFID). And with major companies planning to increase the deployment and integration of RFID systems in retail stores and warehouses in the years ahead, the market for related consulting, implementation, and managed services is expected to grow by 47% in 2004 and reach $2 bln worldwide by 2008, according to IDC.

RFID and wireless autosensing solutions have evolved into a legitimate consulting, implementation, and managed services opportunity for many of the world?s most well-respected services organizations. Approximately 66% of enterprise organizations considering an RFID solution in 2004 reported they would prefer to use external resources when implementing such projects. Services firms are increasing levels of investment in personnel, marketing and partnerships for RFID in anticipation of increasing demand for services through 2008. While each of the 15 RFID services vendors profiled in this report have special qualities and unique capabilities, IDC has identified two leaders having the greatest potential for future marketshare gains