RFID to become a $9,7 billion industry within five years
9 July 2008
News
New forecasts released by ABI Research indicate that the total RFID market will turn over approximately $9,7 billion by 2013, representing roughly a 15% compound annual growth rate for the period from 2008.
“These figures highlight an RFID market that is growing robustly,” says research director Michael Liard. “Across all product categories and flavours of RFID technology, market trends continue to be positive. We saw a strong finish to 2007, which continued into a healthy 1Q 2008.”
Part of this gratifying performance comes from several long-term RFID commitments and investments by large end-users. This is particularly true in the passive UHF segment. European aerospace manufacturer Airbus recently announced a significant commitment to RFID technology for numerous projects throughout its supply chain and assembly operations. In January, Sam’s Club announced its RFID customer compliance program for retail CPG manufacturers in the US, while in Europe and Asia, Metro AG is interested in RFID supply chain applications. And, most recently, the US Department of Defense announced a new RFP for passive UHF solution components.
These examples represent different vertical markets, and to them, says Liard, can be added the enthusiasm for RFID shown by energy and utilities, healthcare, and transportation (for asset management) as well as the fashion apparel and footwear sector (for item-level tagging), particularly among specialty retailers. All these demonstrate RFID’s strength across a number of industries.
Closed-loop applications continue to lead the charge, with asset management in the forefront: library/rental items, re-usable/returnable containers, spare parts, tools, work-in-process, yard management and more are all popular arenas for RFID deployment.
Liard concludes, “Future RFID market growth will come from many sources and applications. ABI Research sees growing strength across many industries, including those applications that are unique to particular verticals, as well as those – such as asset tracking, security/access control, and supply chain management – that are common to a range of verticals.”
For more information visit www.abiresearch.com
Further reading:
RE+ South Africa 2026: From strategy to execution
News
Taking place at Gallagher Convention Centre in Johannesburg from 02 to 04 June 2026, this new addition to South Africa’s energy landscape introduces a focused commercial and industrial energy event within a proven exhibition platform.
Read more...
Africa Energy Indaba announces 2027 dates
News
Following the continued success and growing global impact of the Africa Energy Indaba, organisers have announced the dates for the 19th edition of the Africa Energy Indaba 2027.
Read more...
RS South Africa named master distributor for the Arduino UNO Q
RS South Africa
News
RS South Africa announced that it has been named Master Distributor for the Arduino UNO Q SBC platform across South Africa and the broader African region.
Read more...
Engineering in a world that cannot assume connectivity
Technews Publishing
Editor's Choice News
Across industrial automation, networking, and defence systems, engineers are rediscovering the importance of resilience and autonomy in an increasingly connected world.
Read more...
IOT secures major industry partnership
IOT Electronics
News
IOT Electronics has announced a new strategic partnership with Powell Electronics, becoming an Official Authorised Reseller in South Africa.
Read more...
Successful Proteus training conference
Dizzy Enterprises
News
Dizzy Enterprises recently hosted two hands-on Proteus Training Conferences, bringing together electronics professionals, designers, and enthusiasts to explore the latest capabilities of the Proteus Design Suite from Labcenter Electronics.
Read more...
Hitachi reinvents asset management solution
News
Hitachi Energy, in collaboration with Microsoft, is accelerating the digital transformation of essential infrastructure - from electricity networks and transportation corridors to heavy industrial operations - by reinventing how critical assets are managed and maintained.
Read more...
Mycronic releases mixed Q4 results
News
Mycronic reported mixed Q4 results for the year ended January to December 2025, while delivering record full year order intake and net sales.
Read more...
AGOA: Businesses should diversify or face significant exposure
News
Cross-border payments platform Verto has called on South African and African businesses to accelerate their transition toward a “post-AGOA” trade strategy following President Donald Trump’s signing of a one-year extension to the African Growth and Opportunity Act (AGOA).
Read more...
European components distribution growing
News
European electronic components distribution returned to growth in the fourth quarter of 2025, according to newly released figures from DMASS Europe.
Read more...
printer friendly version