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Independent Market Analysts Predict that the Market for RFID-Applications is Likely to Exceed US $6billion Worldwide by 2010
DUBLIN, Ireland --(Business Wire)-- Sept. 2, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c23616) has announced the addition of RFID in the Manufacturing Sector (2005) to their offering.
Independent market analysts predict that the market for RFID-applications is likely to exceed US $6billion worldwide by 2010, fuelling investors involved in manufacturing sector to aim for high growth returns. As potential opportunities for RFID technology are more visible, RFID rationales are being used as logistic solutions towards manufacturing houses for material maintenance, supply chain models, and asset tracking. This market research report "RFID in Manufacturing Sector (2005)" looks at RFID technology, its application in manufacturing, challenges in its wider adoption, and implementation options available to manufacturers.
As expected, the year 2006 will breathe new life to RFID in manufacturing sector. The trends witness more companies expanding their initial pilots for a mammoth growth reaching US $3billion, largely dominated by United States and Europe in usage of RFID applications within the manufacturing sector. However, the real challenge lies in the availability of low-cost specialized sensors and frequency tags for that competitive edge.
The three manufacturing industries that will drive RFID expenditure over the next three years are pharmaceutical, consumer packaged goods (CPG), and automotive. However, much of the activities surrounding the growing RFID market, at present, are largely being generated by a series of mandates issued by retail chains. Leading retail marketers like Wal-mart, Tesco, and Target have instructed their suppliers to adopt RFID systems in the way benefiting packaging of consumer goods and their logistics.
The report gives an analysis of the use of RFID technology in the manufacturing sector, their alliances, new product developments, and current growth prospects. Therefore, this market research report is intended for both business professionals and investors who are on the lookout for new market opportunities as well as open to the application of RFID technology to improve their sales. It also focuses on the various building blocks in the application of RFID-enabled technologies in the manufacturing sectors, the recent issues, trends, and the revenue breakdown by geographical distribution and sales.
Companies/brands mentioned in the report include:
- IBM
- HP
- Manhattan Associates
- Checkpoint Systems
- Deloitte
- Bearingpoint
- Clarkston
- ADT
- EDS
- SAP
- Redprairie
- Trenstar
- Logility
- Sun Microsystems
- Business Objects
- Microsoft
- Oracle
- 12
- Amatech
- Ask
- Axcess Incorporation
- Escort Memory Systems
- ID Systems
- Matrics RFID
- SAMSys Incorporation
- Skyetek
- TIRIS (TI)
For more information visit http://www.researchandmarkets.com/reports/c23616
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