Radio Frequency Identification (RFID) Market Opportunities, Market Forecasts, and Market Strategies, 2005-2010

RFID EPC tags represent a high growth market segment in RFID. Markets grow at a solid pace through 2009 when tag prices decline to a penny, then expand. EPC tags are used in retail and the supply chain.

If the market reached shipment in the trillions of tags, costs would be decreased even more significantly by the use of nanoparticles that would be applied to paper in the manner that ink is applied now.

RFID markets at $503 million in 2004 are anticipated to impact multiple market segments including tracking cases and asset management. These applications are anticipated to drive market growth for radio frequency identification technology at an average of 67 percent to more than $3.8 billion in 2011. Major initiatives relate to retailer ability to use electronic tags to track inventory from warehouses to stores.

Implementation plans by Wal-Mart, Tesco, Metro AG and Target, along with the U.S. Department of Defense, has set a pace for rapid growth.

UHF and HF tag forecasts are provided.

Improvements in asset management and return on invested capital are all derived from greater visibility to inventory and shipments while in transit. This benefit requires that trading partners, especially carriers and transportation providers, improve their infrastructures to capture this information and then make it available to the manufacturers and retailers.