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China 09 RFID Market to Grow to CNY7.03bn
[June 04, 2009]

China 09 RFID Market to Grow to CNY7.03bn


BEIJING, Jun 04, 2009 (SinoCast Daily Business Beat via COMTEX) -- The size of China's radio-frequency identification (RFID) market is predicted to reach CNY 7.03 billion in 2009, with a 20.6% rise year on year, according to a joint report released on June 3 by three Chinese authorities.



In 2008, the market grew to CNY 6.58 billion, citing the report. The industry chain took shape, spanning chip design, chip production, chip packaging, antenna, software, middleware, system integration, product testing, frequency management, and information security.

The industry is estimated to likely face a slowdown this year due to the financial crisis, the report said. It will grow up gradually in the coming years, because of constant efforts from the Chinese government and the related authorities.


The above three authorities are the China RFID Alliance, the State Leading Group Office of Golden Card Project Coordination, and CCW Research, a Beijing-based IT market research and consulting firm.

Source: www.hexun.com (June 04, 2009)

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