The RFID market – including tags, readers, software and services for passive and active RFID – will grow from $7,88-billion in 2013 to $9,2-billion in 2014.
Most of the growth is due to active RFID/RTLS systems, interrogators and tags, in terms of total money spent, according to new research by 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 find 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% of the total addressable market for apparel in 2014.
After extensive interviews with suppliers, IDTechEx finds that there are now emerging or established leaders in most positions of the value chain across the different technologies – although there are still very few companies with sales of more than $100-million.
IDTechEx expects that the RFID market will reach $30,2-billion in 2024.