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 Our guide to RFID
- Radio Frequency Identification.
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What
Is RFID?
An introduction to Radio Frequency Identification.
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Item Level RFID 2008-2018 Item level RFID is the tagging of the smallest taggable unit of things - the piece of apparel, library book, jewellery, engineering parts and laundry are examples. It used to be thought that item level RFID meant little more than tagging very low cost retail items - something to do last of all. However, it has become big business and far more profitable than many other RFID sectors because it gives excellent paybacks to everyone, not just retailers.
We assess over 100 case studies such as Marks & Spencer in the UK using over 100 Million RFID tags to date to tag clothing and increase sales by reducing stockouts, in addition to others such as American Apparel doing similar work and reporting sales increases by 15% to 25% when all items are available on the floor.
IDTechEx forecasts that the item level RFID business will rise from $251.79 Million in 2008 for systems including tags to $8,263.7 Million in 2018. Detailed forecasts are given including number of tag units sold over the next ten years, average tag price, and tag value, in addition to systems value.
Forecasts are split by the application sectors shown below:
- Item Level RFID - passive RFID
- Drugs
- Other Healthcare
- Retail apparel
- Consumer goods
- Tires
- Postal
- Books
- Manufacturing parts, tools
- Archiving (documents/samples)
- Military
- Other tag applications
Item Level RFID - active RFID
- Pharma/Healthcare
- Manufacturing parts, tools
- Archiving (samples)
- Military
- Other tag applications
Published By: IDTechEx Ltd
Date Published: May 2008 * * * * * * RFID in China 2008-2018 China has become the world's largest market for RFID by value. In 2008 the spend on RFID in East Asia will be $2.8 billion of $5.29 billion spent globally. The majority of this - $1.96 billion - is just in China. This is because of a peak in delivery of national identification cards in China prior to the 2008 Olympics. About $1.65 billion is being spent on 220 million of these cards, plus their associated systems, being delivered in 2008 out of a project commitment of $6 billion, the largest of any RFID project in the world. In addition to this, $310 million will be spent on other RFID tags and their systems.
However, as the deliveries of the national ID card saturate, the Chinese RFID market will sink below the US, and probably Japan, in value - but it will still be growing very fast. Within ten years the RFID market in China will more than compensate for the drop in delivery of national ID cards, buoyant sectors including animal tagging, transport, cash replacement cards, secure access, manufacturing, military and supply chain applications.
Published By: IDTechEx Ltd
Date Published: May 2008 * * * * * *
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