Skip to main content

Global RFID market will reach US$7.88 billion in 2013

According to a new RFID sector survey by IDTechEx Research, RFID Forecasts, Players & Opportunities 2014-2024, the RFID market will increase from US$6.98 billion in 2012 to US$7.88 billion, and will reach US$23.4 billion in 2020. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors - for both passive and active RFID. Using new, unique information researched globally by IDTechEx technical experts, the new report RFID Forecasts, Players & Opportunities 2
October 22, 2013 Read time: 1 min
According to a new RFID sector survey by 6582 IDTechEX Research, RFID Forecasts, Players & Opportunities 2014-2024, the RFID market will increase from US$6.98 billion in 2012 to US$7.88 billion, and will reach US$23.4 billion in 2020. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors - for both passive and active RFID.

Using new, unique information researched globally by IDTechEx technical experts, the new report RFID Forecasts, Players & Opportunities 2014-2024 analyses the RFID market in many different ways. Full analysis by each market is given in great detail including in-depth historic data by application type from 2005 year by year to 2020 and with a 2024 outlook. Forecasts are given by tag numbers, asp and value for more than 20 applications for passive and active RFID. RFID reader forecasts are provided along with market size by application area and trends by territory

For more information on companies in this article

Related Content

  • EV charging will require increased investment in cyber security systems
    April 18, 2012
    The technology architecture associated with electric vehicle (EV) charging is continuing to evolve as utilities and other key players in the industry ecosystem identify business requirements and risks associated with adding significant new demands on the electrical grid. One of the most pressing challenges is related to securing financial transactions and end-to-end communications throughout the EV charging infrastructure, and a recent report from Pike Research indicates that these areas will be the focus o
  • Smart parking system market to reach US$368.7 million by 2024
    May 27, 2016
    The global smart parking system market size is expected to reach US$368.7 million by 2024 according to a new study by Grand View Research, Inc. Favourable government initiatives and increasing public sector funding will favour the growth and adoption of smart parking system for the forecast period. The industry is anticipated to witness an upsurge in demand for smart parking systems in transport transit and commercial applications segment, and it is subsequently expected to impel the growth in the industry.
  • Smart transport systems investment will continue to grow despite public sector cuts
    May 30, 2012
    The ITS sector is now going through an evolution driven by the maturation of communications technologies and their increasing adoption in major cities worldwide. The widespread availability of high-speed networks, both fixed and wireless, along with the ability to embed intelligence in physical objects throughout the urban environment and the diffusion of mobile devices that can send and receive real-time vehicle or infrastructure information, is driving the adoption of smart transportation systems in citie
  • NFC travel tickets set for rapid growth
    March 13, 2012
    A new report from Juniper Research has found that 13 per cent of North American and Western European mobile users will use their NFC-enabled mobile phone as a metro rail or bus ticket by 2016, compared with less than one per cent today.