NanoMarkets research analysts are predicting RFID capabilities will achieve an unparalelled awesomeness over the next two years. And projects that the market for printed RFID devices will reach $3.6 billion by 2015.
The trend-tracking firm even goes so far, in its most recent report, to say that hot markets for RFID include food security, pharmaceutical packaging and courier service tracking.
Sure, we’ve heard this before from the likes of Frost & Sullivan and ABI Research. But hearing it from a new source is nice confirmation (for all geeks/stakeholders involved) that the work will yield some terrific results.
According to a new NanoMarkets report, radio frequency identification (RFID) can achieve a functionality that would make it possible to be used for simple inventory management and logistics management by 2010.
According to NanoMarkets analysts, the capabilities of RFID, an identification method that relies on storing and remotely retrieving data using devices called RFID tags, are likely to increase steadily in the next two years. Utilizing printing technology to manufacture RFIDs could make the devices more competitive with traditional bar code technology currently used for inventory management and pricing at retailers. The recent NanoMarkets report also points out additional markets for RFID, including food security, pharmaceutical packaging and courier service tracking. It projects that the market for printed RFID devices will reach $3.6 billion by 2015.
About the Report
Radio frequency identification (RFID) promises a major new revolution in information technology. It can bring enhanced productivity to supply chain management, inventory control, package tracking and a host of other business functions. However, to be widely deployed, RFID tags must be manufactured at exceptionally low cost. Printed electronics offers a way to achieve this goal. Printable Electronics Outlook: Printed RFID reviews the market for printed RFID; both complete tags and antennas. It examines the potential of the latest developments in RFID, including the performance of the first commercial 13 MHz tags to hit the market; research on printed UHF tags; and the impact of printed silicon electronics on the manufacture of RFID tags. It also profiles the activities of 11 organizations involved with the development and manufacture of printed RFID products and provides both an update on the exciting new developments in this field and an eight-year forecast of revenues from the printed RFID sector in volume and value terms.
NanoMarkets tracks and analyzes emerging market opportunities in electronics created by developments in advanced materials. The firm has published numerous reports related to organic, thin film and printable electronics materials and applications and maintains a blog at http://www.nanotopblog.com/ that comments on industry trends and events. NanoMarkets research database is the industry’s most extensive source of information on thin film, organic and printable (TOP) electronics.
Visit http://www.nanomarkets.net/ for a full listing of NanoMarkets’ reports and other services.