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%.