A Frost & Sullivan report finds that sales of RFID readers, tags and software to the retail sector will grow from $738m in 2014 to $5.409bn in 2020, reflecting a compound annual growth rate of 38.9 percent.

More than eight million building management systems (BMS) will be integrated with some form of Internet of Things (IoT) platform, application or service by 2020, according to an ABI Research report. However, like many suppliers in established markets today, commercial building management system vendors face both opportunities and threats when navigating the emerging IoT ecosystem.

Tsuneishi Holdings Corporation is exploring the commercial applications of drones at its Hiroshima shipbuilding facility in an effort to increase both safety and productivity in daily operations.

In one of the largest RFID projects undertaken in retail yet, Target will roll out radio frequency identification technology later this year for pricing and inventory control.

Ford is one of several carmakers that have adopted the Adept 850 - a passive UHF on-metal tag with an 8.5-meter read range and a 4-meter write range - to store and access data about each manufacturing step.

Two aerospace companies have been testing radio frequency identification solutions enabling the creation of a wireless mesh network of battery-powered tags that can identify the locations of moving, tagged items, and be reconfigured quickly if the layout of their facilities changes.