RFID Mar­ket to reach $11.2 Bil­lion in 2017

Shoes & Accessories - - The Month That Was Updates | International -

Based on the new re­port “RFID Fore­casts, Play­ers and Op­por­tu­ni­ties 2017-2027, Idtechex Re­search finds that in 2017, the to­tal RFID mar­ket will be worth $11.2bn, up from $10.52bn in 2016 and $9.95bn in 2015. This in­cludes tags, read­ers and soft­ware/ser­vices for RFID la­bels, cards, fobs and other form fac­tors, for pas­sive and ac­tive RFID. In re­tail, RFID con­tin­ues to be rolled-out for ap­parel tag­ging pre­dom­i­nately - that ap­pli­ca­tion alone will de­mand 8.7 Bil­lion RFID la­bels in 2017 - which still has plenty of room for growth since this is less than 20% pen­e­tra­tion of the to­tal ad­dress­able mar­ket for ap­parel in 2017. In other ar­eas, RFID in the form of tick­ets used for tran­sit will de­mand 825 mil­lion tags in 2017 and the tag­ging of an­i­mals is sub­stan­tial as it con­tin­ues to be a le­gal re­quire­ment in many more ter­ri­to­ries, with 480 mil­lion tags be­ing used for this sec­tor in 2017. In to­tal, Idtechex ex­pects that 18.2 bil­lion tags will be sold in 2017 ver­sus 15.2 bil­lion in 2016. Most of that growth is from pas­sive UHF (RAIN) RFID la­bels. How­ever, in 2017 UHF RFID tag sales by value will be 25% of the value of HF tag sales, mainly be­cause HF tags where used for se­cu­rity have a higher price point ver­sus the cheaper, usu­ally dis­pos­able la­bels used for tag­ging things. Idtechex Re­search has an­a­lyzed the RFID mar­ket for over 18 years. This re­port pro­vides de­tailed data and anal­y­sis of the en­tire sec­tor based on our ex­ten­sive re­search in­clud­ing in­ter­views with RFID adopters and so­lu­tion providers in the var­i­ous ap­pli­ca­tion­al­r­fid mar­kets, giv­ing an un­prece­dented level of in­sight into the to­tal RFID in­dus­try and what is re­ally hap­pen­ing. Pre­dom­i­nately, Idtechex con­ducts re­search through in­ter­views with com­pa­nies across the value chain, site vis­its and con­fer­ence vis­its fol­lowed by se­condary re­search.for UHF, HF and LF data pro­vided in­cludes num­bers of tags, av­er­age sales price and to­tal tag value for 24 ap­pli­ca­tion cat­e­gories. In­ter­roga­tor fore­casts are bro­ken down by fre­quency. The to­tal RFID value is given for the eleven largest RFID mar­kets.

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