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The Global RFID Market Is Forecasted To Grow At A Moderate CAGR Of Around 20.7% During 2008 To 2016

The Global RFID Market Is Forecasted To Grow At A Moderate CAGR Of Around 20.7% During 2008 To 2016

DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c77745) has announced the addition of “Global RFID Market Analysis till 2010” to their offering.

"Global RFID Market Analysis till 2010” - discusses the global RFID industry rationally and helps clients to analyze the opportunities and factors critical to the success of global RFID industry both in short and long-term. The report underlines the key issues related to the success of the industry and provides a prudent analysis on its various aspects. The countries that have been analyzed in the report include the US, Canada, UK, Germany, The Netherlands, Italy, Japan, China, Taiwan, Korea, Malaysia, Singapore, Thailand and India.

Market Analysis

The global industry for RFID technology has been growing steadily since past few years and is expected to grow rapidly before stabilizing and settling on a steady growth path. It is estimated to grow at over 115% in 2007 over the last year. In future, major growth will be seen in countries like the US, UK, Japan, China, and Thailand and the market is forecasted to grow at a moderate CAGR of around 20.7% during 2008 to 2016.

Within the RFID industry, a major part of the growth has come from established applications such as security/access control, automobile immobilization, animal tracking, and toll collection. However, emerging application segments such as security-based solutions, contactless payments, and supply chain management are in their last test stage, driving growth in new markets and presenting new market opportunities.

For the purpose of this report, the following currency conversion has been used:

1 EUR = USD 1.48187

1 CNY = USD 0.135367

1 TWD = USD 0.0309243

1 WON = USD 0.001047

Key Findings

Although the US remains the RFID leader in North American region, the percentage market share will decline in near future as the RFID market booms in Canada.
Corporate funding and government support are among the major factors that are driving the global RFID industry.
In near future, the large part of growth in the RFID industry is likely to be seen in East Asian countries like China and Japan.
Supply chain will be the main application field of UHF RFID in China in near future as China has the world’s largest low cost manufacturing industry.
The item-level tagging market is forecasted to grow at a CAGR of over 55% during 2006 to 2016.
Use of RFID, along with contactless payment cards and Wi-Fi, has emerged as an opportunity for the RFID and related vendors.

Key Issues & Facts

The research report addresses the issues and facts critical for the success of global RFID industry, like:

How is the current scenario of global RFID industry?
What are the current RFID industry trends in various countries like the US, the UK, Japan, China, etc?
What are the various challenges and opportunities before the industry?
How is the item-level tagging and increasing government support driving the global RFID industry?
What are the future prospects of the global RFID industry?
Which country will see the major growth in the RFID industry?
Which are the segments and applications where the demand for RFID will boom?
Who are the major players in the global RFID industry?

Key Players

This section covers the business overview and key financials overview of key players currently operating in the global RFID industry. The companies have been divided into three segments: IC Manufacturers that include Atmel, STMicroelectronics N.V., Texas Instruments Inc., and Impinj Inc.; Solution & Service Providers, include AirGATE Technologies, IBM, Intermec, and Symbol Technologies, Inc.; and Label Converter/Tag Manufacturers, including Savi Technology, Inc., Alien Technology Corporation, Datamax Corp., CCL Label, and White Electronic Designs Corporation.

Research Methodology Used

Information Sources

Information has been sourced from various credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.

Analysis Method

The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis."

Companies Mentioned: