RFID Growth Potential Remains Strong Despite Current Apparel Rollout Slowdown, Says ABI Research

  • Jul 12, 2011

Despite the 2008-2009 economic setbacks, the RFID market rebounded in 2010, growing slightly more than 14 percent to reach roughly $5.3  billion. When automobile immobilization hardware is extracted from the total, the market grew close to 18 percent, capturing nearly $4.4 billion. ABI Research’s ongoing research and data collection efforts reveal a projected total market size of nearly $6 billion in 2011, reflecting slightly more than 11 percent growth. The 2011 forecast without automobile immobilization is $5 billion, growing in excess of 14 percent, more than 2010.

ABI Research foresees variation in demand and the pace of adoption between applications, verticals, regions and technologies, with the retail apparel sector in particular displaying something of a slowdown in growth this year. However the bottom line is that across the market as a whole we continue to see strong potential for future growth.
 
Research director Michael Liard notes, “The fastest-growing application between now and 2016 will be item-level tracking in supply-chain management, which ABI Research estimates will exceed a 37 percent growth rate.”
 
This growth is being driven by high-volume demand for passive UHF systems to support…Retail apparel tagging in US, Europe and other select country markets
 
• Pharmaceutical tagging in Korea due to government compliance
• Wine, tobacco and other anti-counterfeiting tagging efforts, notably  in China
• Other items over long term, including cosmetics, consumer electronics  and more
 
“The fastest-growing verticals over our five-year forecast period (in  descending order) will be retail CPG, retail in-store, healthcare and  life sciences, diverse non-CPG manufacturing, and commercial services,”  says Liard.
 
More specifically, primary RFID applications can be broken down into “traditional” and “modernizing” types. In the former group are access control, animal ID, automotive immobilization, AVI and e-ID documents.  The modernizing category includes asset management, baggage handling, cargo tracking and security, point-of-sale contactless payment, real-time location, supply chain management, and ticketing. The 2011-2016 CAGR for aggregated modernizing applications is expected to be double that of the traditional applications cluster.

Featured

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

  • Survey: 48 Percent of Worshippers Feel Less Safe Attending In-Person Services

    Almost half (48%) of those who attend religious services say they feel less safe attending in-person due to rising acts of violence at places of worship. In fact, 39% report these safety concerns have led them to change how often they attend in-person services, according to new research from Verkada conducted online by The Harris Poll among 1,123 U.S. adults who attend a religious service or event at least once a month. Read Now

  • AI Used as Part of Sophisticated Espionage Campaign

    A cybersecurity inflection point has been reached in which AI models has become genuinely useful in cybersecurity operation. But to no surprise, they can used for both good works and ill will. Systemic evaluations show cyber capabilities double in six months, and they have been tracking real-world cyberattacks showing how malicious actors were using AI capabilities. These capabilities were predicted and are expected to evolve, but what stood out for researchers was how quickly they have done so, at scale. Read Now

  • Why the Future of Video Security Is Happening Outside the Cloud

    For years, the cloud has captivated the physical security industry. And for good reasons. Remote access, elastic scalability and simplified maintenance reshaped how we think about deploying and managing systems. Read Now

Most   Popular

New Products

  • EasyGate SPT and SPD

    EasyGate SPT SPD

    Security solutions do not have to be ordinary, let alone unattractive. Having renewed their best-selling speed gates, Cominfo has once again demonstrated their Art of Security philosophy in practice — and confirmed their position as an industry-leading manufacturers of premium speed gates and turnstiles.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge.