RFID technology: global RFID market set for steady growth

Published:26-September-2005

RFID is a technology with huge potential in manufacturing. With multiple applications leading to recognizable business benefits, the global market for RFID in manufacturing is slowly picking up. Datamonitor predicts that the global market for RFID software, hardware and services will have a market size of $6.14 billion by 2010. Although uptake of the technology is expected to be gradual, this growth represents an increase of more than three times the market's value in 2004.

Source: Datamonitor, "RFID in Manufacturing: The race to radio-tag is heating up in manufacturing" (DMTC1092)