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RFID in 2006: Strides Made but Revenues Still Lag |
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[01/22/07]
2006 was a challenging year for the RFID industry - sales expectations fell short, a high-profile IPO did not materialize, and the market continued to be "commoditized before it is commercialized." Nevertheless, investment in RFID remained strong and the industry made significant strides toward resolving standards-related issues.
According to Venture Development Corporation's recently released 2005-2006 RFID Year-End Overview, the worldwide market for RFID systems exceeded $2.3 billion in 2006, with hardware accounting for nearly 59% of the total market. VDC anticipates nearly 35% growth (CAGR) through 2008, with total global revenues projected to exceed $3 billion by the end of this year.
The industry is ripe for consolidation. Current market conditions - coupled with a highly fragmented and increasingly competitive market - may encourage several vendors to implement exit strategies. The recent downsizing, 'rightsizing' and M&A activities are a harbinger of things to come for the next 12-18 months.
Global Shipments of RFID Solutions (Millions of Dollars)
North America continued to represent the majority of RFID-related activity. However, the Asia-Pacific region maintained its position as a 'lead adopter' as seen in its continued integration of the technology for public infrastructure applications (i.e. ticketing, access control, etc). As the "manufacturing capital of the world" and one of the largest markets for technology, China will be a major driver for the growth of RFID in this region - as long as it is able to develop a set of interoperable national RFID standards.
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RFID Component Encoder
A library for Visual Studio and other .NET development environments that enables printing of barcodes and encoding of RFID smart labels and tags at the same time.
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RFID/Barcode Printers
Offers high speed, dedicated thermal bar code label and card printers. Serial and parallel ports are provided on some of the printers listed, and some have USB and Ethernet interfaces.
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