Albany - NY, Oct. 21, 2015 (GLOBE NEWSWIRE) -- The usage of radio frequency identification (RFID) is moving to East Asia. Will manufactures of RFID hardware and software as well as integrators also follow suit?
China already has 85% of the world's manufacturing capacity and is a major exporter of tags. In addition, the second generation National Identification Card project in China is the largest RFID order by value and China is delivering it by using Chinese-only resources almost exclusively. China is the heavyweight country in the RFID business.
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This report provides quantitative data and analysis of RFID technology, market and players in China. Our analysis is based on face-to-face and telephone interviews with RFID companies and solution providers in various RFID markets, giving detailed information and an unprecedented level of insight into China's RFID industry.
IDTechEx finds that the total RFID market in China was US$1.7 billion in 2014, covering chips, tags (including cards, fobs, labels and all other form factors), readers, software/services and system integration. Our forecasts exclude other Internet of Things technologies such as sensor networks or wireless telecommunications. It also excludes the non-RFID business of RFID companies. This figure is expected to rise to US$4.3 billion by 2025. The value of RFID tags is $430 million in 2014, taking about 25% of the total RFID market. IDTechEx expects that to reach $952 million in 2025.
Like many other countries, RFID industry in China is mainly led and supported by the government. Government policies play an important role in the RFID industrial development. This report gives a detailed analysis of the current market status, value chain and how both the government and market-oriented players will influence the business. The analysis is done based on application sectors, value chain position, frequency band (LF, HF, UHF and MWF) and different regions in China.
Browse full report at: http://www.researchmoz.us/rfid-in-china-2015-2025-report.html
Ten year forecasts are provided for RFID in the following sectors:
- Airlines and Airports Books, Libraries,
- Archiving Financial,
- Security and Safety Passport Food Safety,
- Animal & Agriculture and Anti-Counterfeiting Healthcare and Medical Land,
- Sea Logistics,
- Postal Leisure,
- Sports and Travel Manufacturing,
- Industry and Management Military Retail,
- Consumer Goods Transportation and Automotive Others
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