VDC is pleased to present the most comprehensive market research report available examining the radio frequency identification (RFID) industry. VDC has executed research in the areas of RFID hardware (transponder, readers, printer/encoders); RFID contactless smartcards; and RFID transponder and reader ICs. This report is packed with hundreds of exhibits and tables, deep market segmentations, extensive application analysis, and broad coverage of the most important issues impacting the RFID industry.
Report Highlights
Global shipments of RFID systems (hardware, software, and services) reached nearly $1.8 Billion in 2004. VDC expects the market to reach $5.9 Billion by 2008. VDC research reveals which factors are driving and restraining the RFID market and how end users, channel organizations, and suppliers are approaching RFID technology and its application subsets.
While the market has grown over the last few years, much of the growth has come from traditional, established closed-loop applications such as security/access control, automobile immobilization, animal tracking, and toll collection. However, emerging application segments such as supply chain management are in their last test stage, driving growth new markets and presenting new market opportunities.
While the market may not be prepared for explosive growth, it has established itself within enough vertical markets and applications to sustain a 30% annual hardware revenue growth rate (a rate higher than any other AIDC hardware product category). More rapid market expansion has been limited by the following short-list of challenges: - the lack of harmonized global EPC/ISO standards for UHF RFID in the supply chain; - slower growth expected within highly mature traditional RFID applications such as railcar tagging and toll collection; - limited vendor experience and weak indirect channel support for supply chain management applications; - poor UHF technology performance in supply chain environments (i.e., harsh environmental conditions, low read accuracy rates); and - the existence of a convoluted value chain with vendors competing in a highly fragmented market.
Major Sections For Each Report
Market Analysis - addresses quantitative and qualitative issues shaping the current and anticipated demand for RFID technology, including revenue and unit market estimates, forecasts, and analysis of the trends and issues impacting market growth opportunities;
End-User Analysis - provides current market demographics and vertical/application market trend analyses; and, addressing the quantitative and qualitative issues shaping current and future end-user RFID solutions requirements, expenditures, and usage;
Distribution Analysis - evaluates the distribution of RFID solutions, including survey results, market insights, and market sizing data;
Competitive Analysis - addresses current RFID equipment supplier market positions, including segmentation by technology; and
Conclusions and Recommendations - summarizes VDC's observations, the pertinent issues facing the RFID industry, and overall market development.
VDC is pleased to present the most comprehensive market research report available examining the radio frequency identification (RFID) industry.