rfid market News

Research conducted by Technavio reveals that the global RFID market is expected to grow at a CAGR of 26 percent.

On the back of various segments adopting RFID technology, RFID market revenues are projected to grow at a CAGR of around 18% during 2010-2014.

With countries deploying RFID into their transportation sector, the global RFID market is projected to grow at a CAGR of around 28% during 2010-2013.

Global RFID market is expected to grow at a CAGR of over 28% during 2010-2013 says a new research report from RNCOS.

The global RFID market is projected to grow at a CAGR of over 28% during 2010-2013 on account of rapid adoption of technology by different industries, says RNCOS.

The ability of RFID tags to offer automatic identification mechanism is driving the application of RFID tags across the world, says RNCOS in its latest research report.

The global RFID market revenue is forecasted to grow at a CAGR of around 28% till 2013, with much of this growth will be seen in the Asia-Pacific region.

According to TechNavio, “the global RFID market was $5,250 million in 2008, and is expected to reach $9,182 million by 2012.”

RNCOS has recently added a new Market Research Report titled, “Global RFID Market Analysis till 2010” to its report gallery. This report provides an extensive research and prudent analysis of the RFID market worldwide.

The global RFID market is projected to grow at a CAGR of around 28% till 2013 despite the economic crisis, says RNCOS in its new research.

Number three smart card manufacturer Oberthur Technologies (up 1.4% YOY in 2008) closed the gap on Giesecke & Devrient in second place last year to less than one percent market share difference following its acquisition of XPonCard.

"Global RFID Market Analysis till 2010” report by RNCOS discusses the global RFID industry rationally and helps clients to analyze the opportunities and factors critical to the success of global RFID industry both in short and long-term.

ShenZhen Stock Exchange listed the common stock of Invengo Information Technology Co., Ltd, a leading company in Chinese RFID market, under the ticker symbol "Invengo"

China's eleventh Five-Year Plan (2006-2010) has enumerated specific goals for implementation of RFID technology by Chinese companies.

Enormous opportunities exist for RFID technology, which is fast emerging as the best solution to protect the valuable products throughout the supply chain.

In the backdrop of rising security problems in airline baggage handling, RFID appears to have significant potential for streamlining and improving highly volatile security situation.