Analysts foresee RFID market growth to reach $ 616mn
11 Jul '05
3 min read
Radio Frequency Identification (RFID) market growth in China is likely to reach $ 616 million by the year 2009, up comparing to last year, generated figures of $ 146 million.
Analysis International in Beijing, a technology-research firm, said in a report, “Consumer Electronics — Focus Report on Chinese RFID Market Development 2005,” that growth of the segment in China should hit 30 percent per year, despite the fact that low and high-frequency applications of the technology are relatively mature.
The RFID market — including the tag, reader and software-service segments — made news recently when Wal-Mart, the world's largest retailer, announced it was requiring its top 100 suppliers to use RFID technology in their deliveries.
Wal-Mart had backed down temporarily from its initial timetable for implementation of the requirement, but the action still signified a large potential market for RFID applications in supply-chain management in China, the report said.
In fact, RFID development has become the focal point in the field of supply-chain management.
“From the industrial RFID application point of view, the government, transportation and parts of the manufacturing industry are all recent key purchasers,” said Charles Jiang, IT research manager at Analysys International.
One company that has already used RFID in China is Volkswagen's Audi production line in Shanghai.
“Logistics and end-to-end supply chain in themanufacturing industry will become key fields (for RFID) in two to three years,” Jiang said. “While a sizable breakthrough for RFID applications for retail will not be realized within the next five years.”
marketing@alchempro.com
