Item Level RFID – Prosperous Market 2006-2016

Item level RFID is set for substantial growth over the next decade. A new study from IDTechEx forecasts and explores key markets that will apply item-level tagging, advances in technology and the mass adoption that will follow. Dr. Peter Harrop from IDTechEx summarises this study below.

Item level RFID is the tagging of the smallest taggable unit of things – the library book, apparel, jewellery, engineering parts and laundry are examples. Already profitable for most suppliers, item level tags and systems will be the world’s largest RFID market by value from 2007 onwards. Item level RFID tagging will rocket from $0.16 billion in 2006 to $13 billion in 2016 for systems including tags. In 2006, 0.2 billion items will be RFID tagged in the world. In 2016, 550 billion items may be RFID tagged. Those adopting item level tagging today do so willingly and are prepared to pay for good performance as they enjoy rapid multiple paybacks.