2024 RFID market is expected to reach USD 30.2 billion in sales
Time of issue:
2014-03-06 19:51
Source:
According to IDTechEx latest research, RFID market, including passive and active RFID tags, RFID readers, Software and service, will grow from USD 7.88 billion in 2013 to USD 9.2 billion this year. This indicates that the market will increase 17% within one year. The growth amount on the market most attributes to active RFID and RTLS solutions, interrogators and tags. Passive UHF label market grows rapidly. The research firm said that in 2014 the number of tags will improve to 3.9 billion pieces from 3 billion pieces last year.
IDTechEx estimates that this year there will sell 2.48 billion passive HF tags. Due to the average selling price is much higher than passive UHF tags, the HF tags amount is 10 times than UHF tags.
According to the research, the firm said that passive UHF system selling amount is the highest in the retail clothing industry, but there still have room for improvement. In 2014 the RFID applications in clothing industry only have 7% of the market.
IDTechEx said during the RFID suppliers interviewed, it found out that the majority of the value chain has new and old leadership strength in different fields, but few companies have more than USD100 billion sales.
IDTechEx estimates that 2024 RFID market is expected to reach USD 30.2 billion in sales
Previous page
Next page
Related News
Barrier Radar Detector with Anti-smash and trigger function to replace loop detector
Barrier Radar Detector with Anti-smash and trigger function to replace loop detector
Face Recognition with Temperature Detection
Face Recognition with Temperature Detection--can detect face, mask and also can add extra LED light
Add LED light to Face Recognition with Temperature Measurement
Add LED light to Face Recognition with Temperature Measurement.
Anti-hit Barrier Radar for parking system to replace loop detector
Anti-hit Barrier Radar for parking system to replace loop detector
Temperature Measurement and Face Recognition Integrated Device
Temperature Measurement and Face Recognition Integrated Device
How to test Long range RFID transponder's frequency and reading distance?
How to test Long range RFID transponder's frequency and reading distance?