Market Research Report - 243391
RFID Forecasts, Players and Opportunities 2014-2024
|Published by||IDTechEx Ltd.|
|Published||Content info||174 Pages|
“The total RFID market will be worth $27.31 billion by 2024.”
This report provides the key data and analysis of extensive research including interviews with RFID adopters and solution providers in the various applicational RFID markets, giving an unprecedented level of insight into the total RFID industry and what is really happening.
IDTechEx find that in 2014, the total RFID market is worth $8.89 billion, up from $7.77 billion in 2013 and $6.96 billion in 2012. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors. IDTechEx forecast that to rise to $27.31 billion in 2024.
In retail, RFID is seeing rapid growth for apparel tagging - that application alone demands 3 billion RFID labels in 2014 - which still has some way to go with RFID penetrating about 7% of the total addressable market for apparel in 2014. RFID in the form of tickets used for transit will demand 700 million tags in 2014. The tagging of animals (such as pigs, sheep and pets) is now substantial as it becomes a legal requirement in many more territories, with 425 million tags being used for this sector in 2014. This is happening in regions such as China and Australasia. In total, 6.9 billion tags will be sold in 2014 versus 5.8 billion in 2013. Most of that growth is from passive UHF RFID labels, with UHF tag sales overtaking HF and LF tag sales by volume in 2012. However, in 2013 UHF tag sales by value will only be 11% of the value of HF tag sales.
Fig 1: Total RFID Market Projections in US$ billions*
*For the full forecast data please purchase this report.
This comprehensive report from IDTechEx gives the complete picture covering passive RFID, battery assisted passive, active RFID, Real Time Locating Systems (RTLS) and chipless RFID. It provides detailed forecasts and depth unmatched by any other.
Using new, unique information researched globally by IDTechEx technical experts, we analyze 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. For passive RFID, forecasts are provided separately for the following application areas. For each we provide the number of tags, average sales price and total value of tags.
|Passive UHF market data segments -|
10 year forecast
|Passive HF RFID market data segments -|
10 year forecast
|Passive LF market data segments -|
10 year forecast
In addition, ten year forecasts are provided for battery assisted passive and active RFID and RTLS in the following applications:
Additionally, the report provides units, asp and total value for RFID readers as follows:
The research conducted by IDTechEx ultimately provides ten year forecasts by application area including tags, readers, software and services for the following markets:
Data is also provided for other sectors including market by territory, value chain positioning, NFC, chip vs chipless and more. Cumulative sales of RFID are analyzed. Progress of key companies is provided in addition to a matrix of hundreds of suppliers.