ABI Research is predicting that the total RFID market will generate roughly $9.7 billion by 2013, representing a 15% compound annual growth in the next five years. The research firm said the robust growth is due to various industry sectors employing the technology. These sectors currently include aerospace, retail, energy, utilities, transportation and national defense.
All of these demonstrate RFID’s strength and flexibility across a number of industries.
“RFID Forecasts” provides data on RFID revenues and unit shipments, segmented by technology, application and vertical market. It also includes data about RFID software and services revenues sorted by region, vertical market and primary application.