RFID transponder use surges

Global market for RFID (radio frequency identification) transponders reached an estimated $750 million in 2005, according to Venture Development Corp.'s RFID Business Planning Service. The company anticipates the market to show a compound annual growth rate (CAGR) of nearly 26% through 2010, with revenue shipments projected to exceed $2.

By Staff October 1, 2006

Global market for RFID (radio frequency identification) transponders reached an estimated $750 million in 2005, according to Venture Development Corp.’s RFID Business Planning Service.

The company anticipates the market to show a compound annual growth rate (CAGR) of nearly 26% through 2010, with revenue shipments projected to exceed $2.3 billion within five years.

VDC lists current and future global shipments of RFID transponders segmented by distribution channel at:

  • 2005 Direct: $371.4 million, Indirect: $375.7 million; and

  • 2010 Direct: $1,091.1 million, Indirect: $1,254.9 million.

A primary issue facing the RFID industry is lack of qualified RFID resellers and integrators that can effectively market, sell, and implement EPC (electronic product code) supply chain solutions, VDC noted.

www.vdc-corp.com