China peaks as largest RFID market
RFID vendors had a banner year in China in 2007 due to huge government spending on China’s national ID card program.
RFID vendors had a banner year in China in 2007, according to two different reports out in the fall.
Despite an estimated volume of $1.9B in 2007—38 percent of the $4.96B IDTechEx —much of that was due to huge government spending on China’s national ID card program and investments for the Beijing 2008 Olympics, which will result in investment volumes dropping going forward.
Spending in support of transportation management systems, Analysys International , a leading advisory firm on technology, media ,and telecom industries in China. “Applications in marking and tracing management of trays and containers and other supply chain applications will be the leader in this area,” says Grace Li, IT analyst. In manufacturing, “Automobile, household appliances, and digital products will be the biggest sectors” for growth, she adds.
Li also anticipates China will embrace global RFID standards to avoid “higher transfer costs and other transnational problems for users.”