REVENUE from smart cards your American RFID information mill supposed to climb steadily to nearly 1 / 2-billion Cash within the next six years, according to an alternative study released by research and consulting firm Frost & Sullivan.
Priyanka Gouthaman, author in the study,Passive RFID Tags Market: Will Future Growth Rates Match Hyped Expectations? predicts sales in the US, Canada and Mexico to undertake a "highly positive growth rate".
Gouthaman expects revenue to cultivate in a compound annual growth rate of 21.5% between now and 2013, to $US486.6m, with RFID shipments growing at 29% between 2007 and 2013.
Presently, rfid inlay the usa has for the lion's share in the Us RFID market, about 88.3%, with sales totaling $US124.6m.
However next 5 years, america will account for approximately 65% with the market, as RFID adoption rises in Canada, as outlined by Gouthaman.
The true secret industries spurring RFID's growth in The United States are medical care, retail, industrial, automotive, aerospace and government. What's changing is really a growing fascination with RFID's ability to provide businesses using a ROI.
RFID's growth still largely is apparently driven by mandates from the kind of Wal-Mart along with the US Dod, Gouthaman said, adding that this RFID information mill still in an early growth stage.
She says contactless cards the most powerful market driver, particularly from the passive RFID market, has become standardisation, such as the acceptance of EPC Gen 2, with one of the primary markets for RFID the provision chain.
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