15 March, 2012
The global RFID market is expected to reach $19.3 billion during 2011 – 2014, according to a new market research report from ReportLinker. Emerging RFID applications under different verticals will also outpace other automatic identification technologies, such as bar code.
The “Global Market Forecast to 2014” examines the progress in the application of RFID technology under different verticals – government, transportation, and retail, health care and automotive – to understand the current and future market outlook for the technology in these sectors.
This latest study reveals that in 2011, the maximum demand for RFID came from the transportation sector, while retail emerged as the fastest growing vertical. The report provides analysis and forecast for the world’s major regions: America, Europe and Asia-Pacific.
The research also includes statistical tables and charts providing country-level data for the RFID market. The study also gives a brief analysis and outlook for the market of chip-less RFID, which is expected to find an increased adoption in applications in the coming years.