Abstract
The global industry for RFID technology has been steadily growing for past few
years, and is expected to pick up pace before stabilizing and settling on a
steady growth path. Besides, the market is greatly benefitting from the
excitement related to mandates, entry of new players, re-positioning of some
companies as RFID-focused, new product and service launches, technology
advances, standards evolution, partnerships and alliances, mergers and
acquisitions and general market awareness.
According to our new research report, “Global RFID Market Analysis till
2010”, the RFID market is set to grow at a CAGR of around 28% in the
period 2010-2013. We have found that the current economic crisis across the
world will not stall the global RFID market, but the market growth is expected
to slowdown to around one third in 2009 as compared to the growth reported in
previous years. Our research has also found that Asia-Pacific will witness the
highest growth in RFID revenue owing to the rapid adoption of RFID
applications in several countries, including China, India, South Korea, Taiwan
and Thailand.
Within the RFID market, a major part of the growth has stemmed from the
applications of RFID in various vertical segments, including transportation,
government applications and consumer packaged goods. However, other
application segments such as security-based solutions, contactless payments,
pharmaceuticals and healthcare are in their emerging stage and are forecasted
to drive growth in new markets.
Our report “Global RFID Market Analysis till 2010” provides an
extensive research and prudent analysis of the RFID market worldwide. Various
established and emerging RFID applications in different verticals have been
covered in the report to understand the current and future market outlook of
RFID in these verticals. The report also discusses the global RFID market
rationally and helps clients to analyze the opportunities and factors critical
to the success of global RFID industry both in short and long-term. Besides,
the report includes the RFID market trends and developments in various key
countries across the world.
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