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North Asia RFID Tags MarketsPublished by: Frost & Sullivan Published: Sep. 22, 2006 Table of Contents1. Executive Summary AbstractResearch OverviewThis Frost & Sullivan research service titled North Asia RFID Tags Markets provides an in-depth analysis of the North Asian tags market trends, technology and forecasts by application and country. In this study, Frost & Sullivan's expert analysts thoroughly examine the following segments: Security/access control, manufacturing and logistics, transportation, animal tracking, and other applications. Market Sectors Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
The following technology is covered in this research:
Government Initiatives to Create Demand for RFID Tags in North Asia The development and deployment of radio frequency identification (RFID) technology in China, South Korea, and Japan is growing rapidly. The applications of the RFID tags in different verticals are progressing differently, and the market share contributions vary across the countries, although they all are in the growth stage of the market cycle. "With increasing government support for the technology, the usage of RFID is expected to see phenomenal growth in the coming years, with greater initiatives by the industry participants as well," according to the analyst of this study. "The Auto-ID Labs in China, South Korea, and Japan are initiating joint research on RFID topics ranging from RFID chips to middleware." In addition to the technological advancement, government support is also likely to boost sales of RFID tags. Governments in China, South Korea, and Japan are aggressively promoting the RFID tags in the society by forming RFID information centers, hosting conferences, and summits in order for the companies to better understand the latest development in RFID technology and its applications. This includes the RFID China Alliance, the South Korean Ubiquitous Sensor Networks (USN), and 'Hibiki' to make cheaper RFID tags in Japan. Growing Demand for Commodities Hikes Growth of RFID Tags in North Asia China is considered to be the largest manufacturing center in the North Asian region, followed by Japan and South Korea. The increasing demand of commodities, especially in China, may lead to high consumption of RFID tags in the next few years. RFID tags play a crucial role in international commerce and will become an important technology trend in China, South Korea, and Japan. These countries understand the power of RFID tags for improving the efficiency of manufacturing, supply chain operations, and data collection. Given the enormous variety of possible applications and the potential to drastically reduce supply chain costs, the market is expected to grow exponentially in the next few years. China has also started to move ahead with the development of RFID standards, and is poised to become the largest RFID tags application market in the world. This is due to the fact that there is huge manufacturing capital in the country. "China is not only one of the world’s important manufacturing and assembling bases, but, as the third largest trading country, is a key consumer market as well," explains the analyst. "With some companies in these countries being the direct suppliers to Wal-Mart, they need to tag all the products that they ship to this enterprise." Get Full Details About This Report >> |
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