Business Services Industry
RFID sales expected to soar. (Materials Handling).
Logistics Management & Distribution Report, February, 2002 by Bradley, Peter; Cooke, James Aaron; Gooley, Toby; Maloney, David; Trebilcock, Bob; Whalen, Jim
The overall market for radio-frequency identification (RFID) equipment will grow at a 24-percent annual rate over the next five years, predict analysts at Venture Development Corp. (VDC), a market research firm based in Natick, Mass. VDC says it expects the RFID market to grow from $890 million in 2000 to about $2.65 billion by the year 2005. The RFID market includes transponders, readers, software and related services.
VDC says the deployment of so-called smart labels, which encode data on a label rather than in a unit like a transponder tag, will drive growth in the REID market. "Future revenue growth will be primarily driven by the development of the smart label market, particularly to support growing applications such as baggage handling and high-speed...
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