Breaking News

RFID market to grow 17% in 2014

March 20, 2014

IDTechEx says growth is due to active RFID/RTLS systems, interrogators, and then tags.

New research conducted by IDTechEx, and published in the report RFID Forecasts, Players and Opportunities 2014-2024, finds that the RFID market - including tags, readers, software and services, for passive and active RFID – will grow from $7.88 billion in 2013 to $9.2 billion in 2014. Most growth is due to active RFID/RTLS systems, interrogators, and then tags, in terms of total money spent.

Passive UHF tags see rapid growth, from a total of just over 3 billion tags in 2013 to 3.9 billion tags in 2014. IDTechEx find that 2.48 billion passive HF tags will be sold in 2014, although at a much higher average sales price than passive UHF tags, so the money spent on HF tags will be almost ten times more. The highest volume sector for passive UHF systems is retail apparel, which still has some way to go with RFID penetrating only about 7% of the total addressable market for apparel in 2014.

After extensive interviews with suppliers, IDTechEx find that there are now emerging or established leaders in most positions of the value chain across the different technologies – yet still very few companies have sales of more than $100 million.

IDTechEx expects that the RFID market will reach $30.2 billion in 2024. This research was conducted for the report RFID Forecasts, Players and Opportunities 2014-2024 which provides the key data and analysis in all the main applications, giving insight into the total RFID industry and what is really happening. With over 90 tables, the report provides granular insight into the sector.

RFID and the Internet of Things will also be addressed at the IDTechEx event, Internet of Things & WSN Europe 2014, taking place on April 1-2 in Berlin, Germany. The problems, opportunities and technical developments are covered in presentations from companies such as Arup, Volvo, ABB, Bosch, Disney, IBM, Intel, ARM, Cisco and many others. Attendees will also learn how wearable technology and printed electronics are part of the big picture enabling the Internet of Things – but of course always from the angle of what is needed by end users.

Related Labels & Packaging:

blog comments powered by Disqus
  • Records broken in Brussels

    Records broken in Brussels

    Steve Katz, Editor||November 20, 2015
    Increases in both visitor and exhibitor attendance made the 2015 edition the largest Labelexpo to date.

  • Companies To WATCH

    Companies To WATCH

    October 13, 2015
    Companies to Watch is a special feature of Label & Narrow Web that focuses on a select group of converters who are making noteworthy contributions to the health of the industry.

  • Narrow Web Profile:  Argent Tape & Label

    Narrow Web Profile: Argent Tape & Label

    Steve Katz, Editor||March 9, 2015
    Open-book management has turned around this fast-growing Michigan converter.