RFID Market Reaches $7.67 Billion in 2012, Up 17 Percent from 2011

2012 Revenue by Component Type ($ billion)

Source: IDTechEx, “RFID Forecasts, Players and Opportunities 2012-2022”

Cumulative Progress to 2012
At the start of 2012, the cumulative number of RFID tags sold over the last 65 years was 15.1 billion. Some 20 percent of that number were sold in 2011. In many sectors, particularly airline baggage and post, UHF RFID demand has failed to live up to expectations—by a long way.