RFID Forecasts for 2006 and Beyond

Published: May 28, 2006, By pffc-online

PRESS RELEASE

CAMBRIDGE, UNITED KINGDOM—According to IDTechEx research and forecasts, cumulative sales of RFID tags for 60 years until the beginning of 2006 totaled 2.4 billion, with 600 million tags being sold in 2005 alone. In 2006, IDTechEx expects 1.3 billion tags to be sold. Of that, about 500 million RFID smart labels will be used for pallet and case level tagging, but the majority will be used for a range of markets, from baggage and passports to contactless payment cards and drugs. In 2016, IDTechEx see the value of the total market including systems and services to rocket to $26.23 billion from $2.71 billion in 2006 in value. The number of tags delivered in 2016 will be over 450 times the number delivered in 2006. The market for active RFID is expected to be more than $6 billion in 2016.

For more information, including IDTechEx's published report on the subject, visit idtechex.com.