The market for passive RFID tags will grow to $ 486 million in 2013
According to the recent report of the consulting firm Frost & Sullivan , the North American market of passive RFID tags should grow to almost $ 500 million by 2013 (as of 2006 this amount was $ 124.6 million).
However, the report also says that the demand for RFID tags is not as high as their manufacturers expected. A study published last week shows that the standardization of RFID technology contributes to the market. In particular, the introduction of the EPCglobal protocol for the second generation of RFID tags (ISO 18000-6C) inspires the confidence of ordinary users, which is why customers are more willing to invest in this technology.
Another factor contributing to market growth is compliance. Major retailers like Wal-Mart Stores and government organizations like the US Department of Defense asked their suppliers to add RFID tags to their items. This was done to more easily track things in the supply chain. In turn, the likely sale of passive RFID tags prompted the vendors to expand their research, development and production. ')
via InfoWorld .