The world RFID market will exceed 97% in 2013

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The global RFID market will exceed US $9.7 billion in 2013

according to the latest research report released by abiresearch, a market research company, the sales revenue of the global RFID market will exceed US $9.7 billion in 2013. The compound annual growth rate of this market from 2008 to 2013 will increase the inventory of manufacturers by about 15%

Michaelliard, research manager of abiresearch, said that this figure shows that the RFID market is growing strongly. In terms of various product types and RFID technologies, the trend of this market to learn more about experimental machines continues to be positive. We see that this market ended with strong growth in 2007 and continued to grow strongly in the first quarter of 2008

part of the growth of RFID market originally regarded small things as big things, because it was some long-term RFID projects and investments of large end users. Especially in the passive UHF market. For example, Airbus in Europe recently announced the use of RFID technology to detect technical requirements in numerous projects in its supply chain and assembly business

according to this report, closed-loop application continues to be the main application of RFID, in which asset management will take the lead. Libraries/rental projects, reusable/returnable containers, parts, tools, workflow, park management, etc. are the most commonly used places for RFID

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