Thailand’s RFID growth cited in Frost & Sullivan briefing
22 June, 2006
category: RFID
Manufacturers, distributors and others with eyes on what’s Thai, head’s up:
Frost & Sullivan’s Automation & Electronics practice in Asia and Middle East will host an analyst briefing teleconference on Thailand’s RFID Market, on June 30, 2006, at 11:00 hrs (GMT+08:00hrs) Singapore time.
The briefing will give a detailed analysis of the RFID market in Thailand and assesses the current trends and discusses potential market openings. Additionally, it will include deatails on market drivers and restraints with strategic recommendations to counter industry challenges.
As the RFID market is growing in most Asian and South East Asian countries, Thailand is no way behind in adopting the technology in key applications, according to Frost & Sullivan. Those interested in registering for the interactive webinar send an e-mail to Donna Jeremiah – Corporate Communications at [email protected] and include name, title, phone number, e-mail address, city, state and country.
Thailand RFID Markets – Racing Towards Growth
SINGAPORE, June 21 /PRNewswire/ – Frost & Sullivan’s Automation & Electronics practice in Asia and Middle East (http://www.frost.com ) will host an analyst briefing teleconference on Thailand’s RFID Market, on June 30, 2006, at 11:00 hrs (GMT+08:00hrs) Singapore time.
The briefing provides a detailed analysis of the RFID Market in Thailand and assesses the current trends and discusses potential market openings. Additionally, it includes detailed market drivers and restraints with strategic recommendations to counter industry challenges. Highlights include a look at Thailand’s position in APAC, Drivers/Restraints, RFID Regulations, Revenue Forecast, Percent Revenue by Application, Key Applications, Competitive Structure, Future of RFID in Thailand, Implications for Players and some other excerpts of related and upcoming research.
This briefing will benefit component manufacturers, distributors and companies willing to enter these markets, by discussing emerging trends and providing forward projections for the Thailand RFID Markets, with an overview for Malaysia, Singapore, Australia and New Zealand markets.
As the RFID market is growing in most Asian and South East Asian countries, Thailand is no way behind in adopting the technology in key applications. However, RFID standards are not very well developed in Thailand. Local companies cannot fully develop their RFID products because the government has not yet allocated a frequency band for RFID. This will lead to a loss of national competitiveness in manufacturing RFID products for export.
Thailand is still in the early adoption stage, but is very close to moving along high growth. Although Thailand has started some RFID pilots (such as tagging of shrimps, seaport containers and library books), RFID is still a small market, looking at the high potential Thailand has.
“Thailand’s RFID market has huge potential, with focus on the manufacturing and logistics application. The market is expected to grow at a CAGR of approximately 15 percent,” says Frost & Sullivan Senior Research Analyst, Smart Cards and Auto ID, Parul Oswal. “Besides meeting the global mandates, there will be substantial domestic demand for other RFID applications in Thailand including: tracking birds and vaccine supplies to reduce the impact of outbreaks of bird flu; tracking of food and drug items, for counterfeit/pedigree purposes and to limit the brand damage from recall incidents; enforcing maritime port security; addressing security threats; improving government and commercial logistics; securing epayments via contactless smartcards.”
She adds, “It is a small, emerging industry, but its aim is very high. With the growing use of RFID worldwide, Thailand is not only set to encourage the growth of the RFID industry locally, but also aims to be at the forefront of the global market in the next five years. The goal set by the National Electronics and Computer Technology Centre (Nectec), is to take at least 5 percent of the worldwide RFID market in that time. The ICT Ministry will promote the use of RFID technology to track and trace products as part of a wider government plan to establish Thailand as a logistics hub in Indochina.”
“RFID technology would be increasingly used in the near future and this offers local entrepreneurs an early opportunity to capture this market. To make all this possible, awareness raising activities and education and training for private users and government organizations is important. Other countries such as Malaysia, Singapore, Australia and New Zealand are also expected to show growth in the next 4-5 years. Malaysia and Singapore with Security/Access Control Applications, while Australia and New Zealand big in niche applications. This analyst briefing will also provide an overview of these countries in Asia Pacific, with regulations and application trends,” says Parul.
Those interested in registering for the interactive webinar send an email to Donna Jeremiah – Corporate Communications at [email protected] with the following information: full name, company name, title, telephone number, email address, city, state and country. The registration details will be emailed to you upon receipt of the above information.
About Frost & Sullivan: Frost & Sullivan, a global growth consulting company has been partnering with clients to support the development of innovative strategies for more than 40 years The company’s industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies.
