Summary
The technology called Radio Frequency Identification (RFID) provides for a simple way to identify an object, living or otherwise, without contact with the object. A "tag" embedded in, or impressed upon, an object is scanned with a reader and information about the object is retrieved in milliseconds.
To understand why RFID is so important, it is useful to look back at the Universal Product Code (UPC). Bernard Silver and Norman Woodland devised the UPC coding system in the early 1950s and received a patent for it in 1952. In 1973, the Uniform Code Council (UCC) was formed to uniquely identify and control distribution of UPCs so that they could be used commercially, and in 1974 Juicy Fruit Gum became the first item to bear a UPC label.
This report contains a background of the RFID market and focuses on RFID use in the following markets: livestock, companion animals, food tags, humans, supply chain, pharmaceuticals, asset tracking, package delivery tags, automotive, access control, and payment devices. For each segment, a background, tag forecast, tag ASP, and tag revenue is included for the years 2005-2010
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