Citation
(2004), "… And tags", International Journal of Productivity and Performance Management, Vol. 53 No. 6. https://doi.org/10.1108/ijppm.2004.07953fab.008
Publisher
:Emerald Group Publishing Limited
Copyright © 2004, Emerald Group Publishing Limited
… And tags
In the same Key Market Driver report 2004, Future Horizons suggests that RFID technology will be a significant growth driver for the electronics sector over the next six years. Future Horizons predicts that RFID semiconductors will grow by 255 per cent from $900 million in 2003 to $2.3 billion in 2010.
The market for RFID tags is split into two categories: passive tags which get all their energy from the transmission field for short distance applications such as barcode replacement for library books and supermarket goods; and active tags which contain a small battery that enables the tag to transmit over long distances for tracking higher value items such as livestock and pharmaceuticals.
The market for tags as a “bar code replacement” offers the highest volume opportunity with manufactures are still striving to reduce costs and optimise this “label” tagging technology. Future Horizons predicts that the advent of polymer electronics will be the catalyst for this market segment.
The market for non-label tags was 300 million units in 2003, rising to a forecasted 1 billion units in 2004, whilst the market for label tags was 300 million units in 2003, rising to a forecast 65 billion units in 2010.