RNCOS Releases Report on Global RFID Market Analysis till 2010
Released on: February 26, 2008, 4:19 am
Press Release Author: Shushmul Maheshwari
Press Release Summary: \"Global RFID Market Analysis till 2010” report by RNCOS discusses the global RFID industry rationally and helps clients to analyze the opportunities and factors critical to the success of global RFID industry both in short and long-term.
Press Release Body: \"Global RFID Market Analysis till 2010” report by RNCOS discusses the global RFID industry rationally and helps clients to analyze the opportunities and factors critical to the success of global RFID industry both in short and long-term. The report underlines the key issues related to the success of the industry and provides a prudent analysis on its various aspects. The countries that have been analyzed in the report include the US, Canada, UK, Germany, The Netherlands, Italy, Japan, China, Taiwan, Korea, Malaysia, Singapore, Thailand and India.
The global industry for RFID technology has been growing steadily since past few years and is expected to grow rapidly before stabilizing and settling on a steady growth path. It is estimated to grow at over 115% in 2007 over the last year. In future, major growth will be seen in countries like the US, UK, Japan, China, and Thailand and the market is forecasted to grow at a moderate CAGR of around 20.7% during 2008 to 2016.
Within the RFID industry, a major part of the growth has come from established applications such as security/access control, automobile immobilization, animal tracking, and toll collection. However, emerging application segments such as security-based solutions, contactless payments, and supply chain management are in their last test stage, driving growth in new markets and presenting new market opportunities.
For the purpose of this report, the following currency conversion has been used:
1 EUR = US$ 1.48187
1 CNY = US$ 0.135367
1 TWD = US$ 0.0309243
1 WON = US$ 0.001047
Key Issues & Facts
The research report addresses the issues and facts critical for the success of global RFID Industry, like:
- How is the current scenario of global RFID industry? - What are the current RFID industry trends in various countries like the US, the UK, Japan, China, etc? - What are the various challenges and opportunities before the industry? - How is the item-level tagging and increasing government support driving the global RFID industry? - What are the future prospects of the global RFID industry? - Which country will see the major growth in the RFID industry? - Which are the segments and applications where the demand for RFID will boom? - Who are the major players in the global RFID industry?
This section covers the business overview and key financials overview of key players currently operating in the global RFID industry. The companies have been divided into three segments: IC Manufacturers that include Atmel, STMicroelectronics N.V., Texas Instruments Inc., and Impinj Inc.; Solution & Service Providers, include AirGATE Technologies, IBM, Intermec, and Symbol Technologies, Inc.; and Label Converter/Tag Manufacturers, including Savi Technology, Inc., Alien Technology Corporation, Datamax Corp., CCL Label, and White Electronic Designs Corporation.
Research Methodology Used
Information has been sourced from various credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
The analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today\'s globally competitive environment.
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