Published By
IDTechEx
Follow us:
follow us on twitter
subscrive to our rss feed
follow us on facebook
Email
Password
IDTechEx
Printed Electronics USA 2014
Printed Electronics World

Global RFID market will reach $7.88 billion in 2013

ZoomGlobal RFID market will reach $7.88 billion in 2013
The market for RFID has grown steadily despite the economic meltdown due to the diverse nature of its applications from tagging retail apparel to transport ticketing to animals. Historically and today, Governments have driven most RFID orders as they improve efficiency (transit systems), safety (passport tagging) and protect industries (animal tagging). Since 2000 there has been a strong push to use passive RFID to improve supply chain visibility, with a wide range of investment in new RFID technologies, new standards and much publicity. Inevitably as with most new technologies, aspects were over hyped and demand not in sync with capacity, but as we entered 2010 the industry emerged from the hype cycle and over the following years until now, has entered a period of rapid growth and profitability for some. There are different rates of growth for different applications and many challenges - and opportunities still exist. In total, IDTechEx find that 5.9 billion tags will be sold in 2013 versus 4.8 billion in 2012.
 
Fig. 1 Total RFID Market Projections in US$ billions
 
ZoomGlobal RFID market will reach $7.88 billion in 2013
 
 
Source: IDTechEx report "RFID Forecasts, Players & Opportunities 2014-2024" www.IDTechEx.com/rfid External Link
Passive UHF experiences rapid growth and suppliers move to profitability
The last five years has seen consolidation throughout the value chain in passive UHF RFID with some companies emerging in true phoenix-from-ashes style. This is mainly driven by one application - retail apparel - which will globally demand 2.25 billion RFID labels in 2013. Some suppliers are now profitable and see rapid growth ahead. As in most emerging technology, there will be blips along the way - such as the current UHF RFID litigation - but we do not believe this is a show stopper - no-one makes money then. After apparel tagging, passive UHF is deployed in many different application areas for asset tracking and other applications. These are small volumes in their own right but add up to hundreds of millions of tags per year given the strong payback they give users. IDTechEx Research expects 3.1 billion passive UHF RFID tags to be sold in 2013.
Watch the money
However, despite passive UHF selling more tags than passive HF for the first time in 2012, IDTechEx Research finds that the money spent on passive UHF tags in 2013 will be $247 million, versus $2.15 billion on HF and $713 million on LF RFID tags. The higher value of HF and LF is due to a variety of RFID tags in high value applications including animal tagging, contactless smart cards and passports. Indeed, the size of the market of HF tags will continue to be larger than the UHF tag market over the next decade, by money but not volume. Those in HF and LF tend to be relatively large, profitable enterprises, some of whom are moving into the high growth but as yet lower value passive UHF market.
Opportunity for dominant companies
In a business approaching $8 billion this year, one could expect a one billion dollar leader but we could not find a player clocking half that figure. Of the 800 or so suppliers, IDTechEx only count eight with revenues more than $100 million, and less than twenty with sales between $20 million to $100 million. Most, but not all, in the top 8 provide complete solutions, which is still where most of the big money goes, with the others being dominant in their part of the supply value chain for a particular technology type.
Market analysis by a huge number of parameters
Using new, unique information researched globally by IDTechEx technical experts, the new report RFID Forecasts, Players & Opportunities 2014-2024 External Link analyzes 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. In addition to the report clients receive a spreadsheet in Excel format giving access to the key data contained in tables throughout the report. For more details see RFID Forecasts, Players & Opportunities 2014-2024 External Link.

Author

Raghu Das

Raghu Das

Raghu Das is the CEO of IDTechEx. He has authored many reports on the topic and conducts global consulting projects.
Telephone
+44 (0)1223 812300
Email
 
 
 
 
Webinars Generic Banner
Portal
 
Printed, Organic & Flexible Electronics
Barrier Films for Flexible Electronics 2013-2023

IDTechEx Reports

RFID Knowledgebase Case Studies
RFID Knowledgebase Case Studies
RFID Forecasts, Players and Opportunities  2014-2024
RFID Forecasts, Players and Opportunities 2014-2024
Near Field Communication (NFC) 2014-2024
Near Field Communication (NFC) 2014-2024
Wireless Sensor Networks (WSN) 2014-2024: Forecasts, Technologies, Players
Wireless Sensor Networks (WSN) 2014-2024: Forecasts, Technologies, Players
Mobile Phone Indoor Positioning Systems (IPS) and Real Time Locating Systems (RTLS) 2014-2024
Mobile Phone Indoor Positioning Systems (IPS) and Real Time Locating Systems (RTLS) 2014-2024
Apparel RFID 2013-2023
Apparel RFID 2013-2023
Printed and Chipless RFID Forecasts, Technologies & Players 2011-2021
Printed and Chipless RFID Forecasts, Technologies & Players 2011-2021
Batteries & Supercapacitors in Consumer Electronics 2013-2023: Forecasts, Opportunities, Innovation
Batteries & Supercapacitors in Consumer Electronics 2013-2023: Forecasts, Opportunities, Innovation
Internet of People: Technology 2015-2025
Internet of People: Technology 2015-2025
Internet of Things (IoT): Business Opportunities 2015-2025
Internet of Things (IoT): Business Opportunities 2015-2025
Wireless Power Transmission for Consumer Electronics and Electric Vehicles 2014-2024
Wireless Power Transmission for Consumer Electronics and Electric Vehicles 2014-2024
Conductive Ink Markets 2014-2024: Forecasts, Technologies, Players
Conductive Ink Markets 2014-2024: Forecasts, Technologies, Players
Printed and Thin Film Transistors (TFT) and Memory 2013-2023: Forecasts, Technologies, Players
Printed and Thin Film Transistors (TFT) and Memory 2013-2023: Forecasts, Technologies, Players
Metal Oxide TFT Backplanes for Displays 2013-2018: Analysis, Trends, Forecasts
Metal Oxide TFT Backplanes for Displays 2013-2018: Analysis, Trends, Forecasts
Inorganic and Composite Printed Electronics  2014-2024
Inorganic and Composite Printed Electronics 2014-2024
Printed, Organic & Flexible Electronics: Forecasts, Players & Opportunities 2013-2023
Printed, Organic & Flexible Electronics: Forecasts, Players & Opportunities 2013-2023
Introduction to Printed, Organic and Flexible Electronics
Introduction to Printed, Organic and Flexible Electronics
 
Energy Harvesting JournalElectric Vehicles Research