A report released this week predicted that the market for RFID technology in China will reach just under $1.1 billion this year, a 20% increase over its size in 2008. The report was a collaboration between three RFID-oriented organizations in China, China RFID Alliance, the State Leading Group Office of Golden Card Project Coordination, and CCW Research, a Beijing-based IT market research and consulting firm.
The $1.1 billion total covers all facets of the Chinese RFID industry, including the design, production, and packaging of hardware (including tags and antennas), software, middleware, system integration, product testing, frequency management and information security. This market was worth roughly $960 million in 2008, a year that saw considerable growth in China’s RFID market.
The report foresees a slowdown in the industry this year due to the global economic downturn, but predicts that the Chinese RFID market will continue to see consistent, gradual growth in the coming years due to the efforts of the government to encourage its expansion.