Industry News

Global RFID Market to Reach $5.3 Billion in 2008

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By: DAVID SAVASTANO

Editor, Ink World Magazine

The worldwide RFID market will exceed $5.3 billion in 2008, according to a new forecast from ABI Research. Annual revenue growth will increase over the next five years, accelerating over the mid-term as high-growth, high-volume applications such as supply chain management, ID documents, ticketing and contactless payment drive shipments. Excluding automobile immobilization, the market is expected to experience a 15 percent compound annual growth rate (CAGR) from 2008 through 2013. Forecasts peg ...

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