RFID market growth runs double time
RFID market size
$6.98 billion in 2012
$7.9 billion in 2013
$9.2 billion in 2014
The number is expected to be doubled in the next half decade, and includes tags, readers, software and services, for passive and active RFID.
In supply chain and logistics, RFID is used for tracking assets such as roll cages, Unit Load Devices, totes and tools as RFID is for relatively short ranges, from between sub-meter to a few meters, it is complimentary to technology for both asset and product tracking.
Ultra-high frequency tags have also seen a rapid growth. From a total of just more than three billion tags in 2013 to 3.9 billion tags in 2014.
Market research states that 2.48 billion passive HF tags will be sold in 2014, although at an average price of almost 10 times that of passive UHF tags. The largest sector for UHF systems is retail, yet, user groups still prefers barcode tag workflow due to cost matter, as bulk RFID tag cost far surpasses cost range of barcode label.