RNCOS Releases Report on Global RFID Market Analysis Till 2010
Summary
In future, major growth will be seen in countries like the US, UK, Japan, China, and Thailand and the market is forecasted to grow at a moderate CAGR of around 20.7% during 2008 to 2016.Within the RFID industry, a major part of the growth has come from established applications such as security/access control, automobile immobilization, animal tracking, and toll collection.They provide industry insights and analysis that helps corporations to take timely and accurate business decisions in todays globally competitive environment.The countries that have been analyzed in the report include the US, Canada, UK, Germany, The Netherlands, Italy, Japan, China, Taiwan, Korea, Malaysia, Singapore, Thailand and India.Market AnalysisThe global industry for RFID technology has been growing steadily since past few years and is expected to grow rapidly before stabilizing and settling on a steady growth path.The companies have been divided into three segments: IC Manufacturers that include Atmel, STMicroelectronics N.V., Texas Instruments Inc., and Impinj Inc.; Solution & Service Providers, include AirGATE Technologies, IBM, Intermec, and Symbol Technologies, Inc.; and Label Converter/Tag Manufacturers, including Savi Technology, Inc., Alien Technology Corporation, Datamax Corp., CCL Label, and White Electronic Designs Corporation.Research Methodology UsedInformation SourcesInformation has been sourced from various credible sources like books, newspapers, trade journals, and white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.Analysis MethodThe analysis methods include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.About RNCOS:RNCOS, incorporated in the year 2002, is an industry research firm.