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Instrumentation And Sensors

RFID: Technology, Applications, and Global Markets

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REPORT HIGHLIGHTS

  • BCC estimates the total global market for RFID technologies at about $5.9 billion in 2009 and $6.4 billion in 2010. By 2015, BCC expects the market to grow to $11.3 billion, with a compound annual growth rate (CAGR) of 12.1% over the next 5 years.
  • Tags, readers, and other hardware are worth $4.9 billion in 2010. Hardware expenditures are growing more slowly than software and integration services and are expected to represent a smaller share (75%) of the RFID market by 2015. This sector will still experience an 11.5% compound annual growth rate (CAGR) through the forecast period, reaching a value of nearly $8.5 billion. 
  • Software and other integration services are worth nearly $1.5 billion in 2010. This sector is expected to reach $2.8 billion in 2015, a 14% compound annual growth rate (CAGR).