Executive Briefings

It Seems that a Poor Economy Can't Stop the March of RFID

In the face of the poor economy, there has been a surge in orders for RFID this year. Despite the world's largest RFID project, the $6bn China National ID card scheme, being completed a year early, the global RFID market is rising 5 percent this year to $5.56bn. The global financial meltdown, which has caused so much trouble for various industries, doesn't seem to have had that effect on RFID orders. In fact, in many applicational sectors, RFID orders are up 10 percent.

Most of the action has been in the U.S. -- where the largest orders continue to be placed -- in the UK, China and Japan.

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In the face of the poor economy, there has been a surge in orders for RFID this year. Despite the world's largest RFID project, the $6bn China National ID card scheme, being completed a year early, the global RFID market is rising 5 percent this year to $5.56bn. The global financial meltdown, which has caused so much trouble for various industries, doesn't seem to have had that effect on RFID orders. In fact, in many applicational sectors, RFID orders are up 10 percent.

Most of the action has been in the U.S. -- where the largest orders continue to be placed -- in the UK, China and Japan.

Read Full Article