Traditionally, radio frequency identification (RFID) packages have found applications in areas such as toll collection and security and access control. With the increasing customer awareness and reducing price levels, this technology is expected to find a wide acceptance in point of sale payment, baggage handling, document tracking and medical monitoring purposes. Further, the large scale undertaking of pilot projects pertaining to evidence management systems and authentication by the Malaysian government is likely to drive the usage of RFID systems in the future.
Wal-Mart’s Malaysian suppliers form a 10 percent chunk of the company’s 4000 suppliers in the Asia Pacific region. These suppliers are striving to be RFID compliant by 2008 and nullify the risk of losing business deals with the global giant. Some of the nation’s suppliers have already plunged into action and taken steps to initiate pilot operations by 2006.
The global RFID (Radio Frequency Identification) market was approximately $1.75 billion in 2004. In Asia, although Korea and Japan are spearheading the growth of RFID, the adoption rate in Southeast Asia has been relatively sluggish. In Malaysia, RFID adoption is already happening, albeit slowly.
Frost & Sullivan is pleased to bring you these exclusive insights at an analyst briefing on Thursday, December 15, 2005 at 11:00am (Singapore) (GMT +08:00). This analyst briefing will provide an overview of the RFID market in Malaysia. There will also be a discussion on forecasts and estimates of the unit shipments for the four applications, as well as future trends and growth rates.
Those interested in participating in the web/tele-conference should send an email to Donna Jeremiah at [email protected] with the following information: the analyst briefing title, your full name, media/company name, title, telephone number, e-mail address and country. Upon receipt of the above information, the registration, web link, dial-in number and pass code details for the live briefing will be emailed to you.