Thursday, January 19, 2006

RFID production to increase 25 fold by 2010

SAN FRANCISCO — The number of RFID tags produced worldwide is expected to increase more than 25 fold between 2005 and 2010, reaching 33 billion, according to market research company In-Stat.

Total production of RFID tags in 2005 reached more than 1.3 billion, according to a recent report.

"By far the biggest RFID segment in coming years will be supply chain management," said Allen Nogee, In-Stat analyst, in a statement. "This segment will account for the largest number of tags/labels from 2005 through 2010."

Nogee added that Wal-Mart, the world's largest retailer, spurred this projected growth by mandating that its top 100 — then later its top 300 — suppliers begin employing RFID.


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