Review of RFID in 2007

Technology Briefing 1/31/08 -- Supply Chain Management Review, 1/30/2008 6:16:00 AM

IDTechEx reviewed the status of RFID in 2007. The market for RFID grew to $5 billion in 2007, mainly powered by a peak in the use of RFID tags in the Chinese national ID card. China ordered $2 billion in cards and infrastructure, making China the biggest consumer of RFID in 2007. Other RFID growth showed up in sectors such as healthcare, financial, security and safety.

More than 500 new RFID projects in 101 countries were launched in 2007. These projects involve more than 4,000 organizations. The average project involves more than 300,000 tags. The United States retained its lead with the largest number of projects, while China left from number five to number three, overtaking Japan and Germany. The new projects range from tagging pets and livestock to 37.5 billion tag to go on cigarette packets.