The next five years China UHFRFID 82.8% market growth rate

IDC recently released report, China RFID industry solution 2007-2011 forecast and analysis "shows that in 2006, the overall RFID applications across industry market size 24.2 billion (approximately $ 3.02 million), covered by applications including supply chain, personnel, property, vehicle management, access control, anti-counterfeiting, animal identification, UHF RFID market size and share of the overall application size RFID 10.4%.

2006 UHF market in the supply chain, vehicle management enables more effective pilot projects, and airport baggage tracing and other practical application is forming a mature solution. IDC expects 2011 UHF RFID market will reach $ 51.5 billion (approximately $ 6.42 million) over the next five-year compound average growth rate of 82.8%.

Supply chain applications will become the next five years the focus of the UHF RFID application.

National 863 plan have RFID technology in supply chain management and logistics aspects of the project as important for attention. Modern logistics and supply chain management as the core competitiveness of enterprises, RFID technology in a variety of supply chain services already shows the advantages and represents the future direction of supply chain management, international giants also have to bet in most potential of RFID supply chain applications. IDC predict 2011 RFID in supply chain management applications market share will reach 40.7%. 2006-2011 supply chain application of compound growth rate of 90.3%; in the field of asset management market share, reaching 26.7% 2006-2011 CAGR of 73.8%.

China RFID industry has been defined as "the eleventh five-year" plan major project, a significant investment to support and stimulate industrial development through the application.

IDC anticipates that in 2006 to 2008 domestic UHF RFID application will be to the Government as the main facilitator, also there are some enterprises in its users under the impetus of UHF RFID project implementation. From 2008 to 2011, the Government will continue to promote the development of this market, there are more companies join the UHF RFID applications.

"UHF RFID in China after the publication of the standard, UHF RFID technology development are the basis for the whole industry chain will rapidly.

This led directly to the implementation costs decline, want to apply RFID technology in the enterprise is no longer a wait-and-see attitude and is active in investment projects in construction, domestic UHF RFID applications are developing rapidly. The entire domestic market will therefore release the hands and feet, UHF RFID applications will emerge. Already have a closed-loop testing of enterprise applications will be more to this technology in the enterprise promotion, I believe there will be some enterprise pilot-loop applications, "IDC China cross-product and industry research Department senior analyst í¯» ª said.

IDC recommends solutions provider training more technical talented person, they should not only know how RFID technology, familiar with the user's application.

This will demand from users, guide and train users use RFID solutions. Vendors should also start with a small project, the accumulation of experience in the project. For RFID application of this new market, a successful application is the best promotional material.

Note: this is the IDC three years more than once in the revised upward on the Chinese RFID market trend forecasts! believe with RFID application acceleration of the universal speed, up-market forecast report of the company will increase the rapid development of .RFID market and broad market prospects, will increasingly affected by market recognition! we have reason to believe to UHF-based YuanWang Valley five-year compound annual growth rate is not lower than the industry average growth 82.8%