Tags continue upward growth
Tuesday, 08 March, 2005
According to a number of reports coming out of the US, revenue from RFID tag manufacturing may reach US$2.8 billion in five years. Revenues were forecast to jump to US$2.8 billion in 2009 from US$300 million last year.
Widespread adoption of the technology in retail was expected to take a couple of years to ramp up, given that today's tags were still expensive according to industry analysts. Tags cost from 15 US cents to more than US$100 each. Privacy issues were also expected to slow adoption. Legal and ethical issues remained to be sorted out worldwide. Beyond supply chains, the second largest market for RFID during the five-year forecast was tracking consumer products on store shelves.
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