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

  • Improve Incident Response With Intelligent Cloud Video Surveillance

    Video surveillance is a vital part of business security, helping institutions protect against everyday threats for increased employee, customer, and student safety. However, many outdated surveillance solutions lack the ability to offer immediate insights into critical incidents. This slows down investigations and limits how effectively teams can respond to situations, creating greater risks for the organization. Read Now

  • Security Today Announces 2025 CyberSecured Award Winners

    Security Today is pleased to announce the 2025 CyberSecured Awards winners. Sixteen companies are being recognized this year for their network products and other cybersecurity initiatives that secure our world today. Read Now

  • Empowering and Securing a Mobile Workforce

    What happens when technology lets you work anywhere – but exposes you to security threats everywhere? This is the reality of modern work. No longer tethered to desks, work happens everywhere – in the office, from home, on the road, and in countless locations in between. Read Now

  • TSA Introduces New $45 Fee Option for Travelers Without REAL ID Starting February 1

    The Transportation Security Administration (TSA) announced today that it will refer all passengers who do not present an acceptable form of ID and still want to fly an option to pay a $45 fee to use a modernized alternative identity verification system, TSA Confirm.ID, to establish identity at security checkpoints beginning on February 1, 2026. Read Now

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

Most   Popular

New Products

  • Compact IP Video Intercom

    Viking’s X-205 Series of intercoms provide HD IP video and two-way voice communication - all wrapped up in an attractive compact chassis.

  • ResponderLink

    ResponderLink

    Shooter Detection Systems (SDS), an Alarm.com company and a global leader in gunshot detection solutions, has introduced ResponderLink, a groundbreaking new 911 notification service for gunshot events. ResponderLink completes the circle from detection to 911 notification to first responder awareness, giving law enforcement enhanced situational intelligence they urgently need to save lives. Integrating SDS’s proven gunshot detection system with Noonlight’s SendPolice platform, ResponderLink is the first solution to automatically deliver real-time gunshot detection data to 911 call centers and first responders. When shots are detected, the 911 dispatching center, also known as the Public Safety Answering Point or PSAP, is contacted based on the gunfire location, enabling faster initiation of life-saving emergency protocols.

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.