Business Services Industry
Growing interest, but moderate sales ahead for RFID applications. (Technology).
Logistics Management (Highlands Ranch, Co.), March, 2003
Despite tough economic conditions, the market for radio frequency identification (RFID) equipment has grown by 8 percent annually since 2000. That's the assessment from market research firm Venture Development Corp. (VDC) of Natick, Mass. According to VDC's research, the global market for RFID systems totaled some $964.5 million in 2002. Transponders accounted for nearly half (48 percent) of those sales, followed by readers with about 25 percent of total sales. (See chart.)
Transportation, security-access control, and toll collection remained the key applications for the REID market. VDC forecasts that in the future, companies will use this technology for supply chain management and real-time location systems along with baggage handling and point-of-sale data...
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