RFID markets are proving resilient to the downturn, says analyst ABI Research. Forecasts suggest that even with the ailing automotive sector included, the RFID market should see 11 percent growth between 2009 and 2010. (With automotive excluded, the growth rate jumps to almost 16 percent.
“The most robust applications include contactless ticketing, contactless payments, item-level tracking in fashion apparel and footwear, asset management, baggage handling, real-time location systems and electronic identification documents,” says practice director Michael Liard.
According to the company, e-ID documents are expected to grow in 2010 due to increased numbers of passports being issued by dozens of national governments. Other high-profile government e-ID initiatives include border crossing cards, RFID-enabled driver’s licenses and electronic vehicle registration (EVR).
Meanwhile asset tagging will show strong uptake particularly in corporate finance and banking, healthcare and manufacturing, as well as in new areas such as energy, utilities and gaming, and with continuing expansion in traditional rental asset management such as library books.
“2009 will likely not be as bad as many thought,” says Liard. “Key economic and industry indicators point to stronger growth in 2010, especially the second half.”
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