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Home » RFID Market to Grow to $9.2Bn This Year, Surpass $30Bn by 2024, Report Finds

RFID Market to Grow to $9.2Bn This Year, Surpass $30Bn by 2024, Report Finds

March 25, 2014
IDTechEx

Passive UHF tags see rapid growth, from a total of just over 3 billion tags in 2013 to 3.9 billion tags in 2014. IDTechEx finds that 2.48 billion passive HF tags will be sold in 2014, although at a much higher average sales price than passive UHF tags, so the money spent on HF tags will be almost 10 times more. The highest volume sector for passive UHF systems is retail apparel, which still has some way to go with RFID penetrating only about 7 percent of the total addressable market for apparel in 2014.

After extensive interviews with suppliers, IDTechEx find that there are now emerging or established leaders in most positions of the value chain across the different technologies – yet still very few companies have sales of more than $100m.

Source: IDTechEx

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Technology Apparel High-Tech/Electronics Retail
KEYWORDS Apparel apparel industry Bar Code and Voice High-Tech/Electronics IDTechEx readers & tags Retail RFID RFID & Barcode supply chain IT Supply Chain Management Supply Chain Management: RFID supply chain solutions Technology UHF Wireless
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