BOSTON, February 9, 2017 /PRNewswire/ --
RFID is booming - it now accounts for the largest number of silicon integrated circuits (ICs) made of one particular type. But in addition to over 20% growth over the next few years, there is much more to come. RFID is moving beyond wireless identification alone to wireless sensing of parameters such as temperature, humidity and much more.
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The new IDTechEx Research report, RFID Sensors 2017-2027: Forecasts, Players, Opportunities, is the first to cover the entire sector. The report finds that the RFID sensor market will grow to $120 million in 2022, as companies spend the necessary years in pilots in a wide range of applications to identify the strongest paybacks and application pull, and thereafter the sector will grow to $980 million in 2027.
The report provides detailed 10-year forecast breakdowns of the entire sector, including:
- Unit numbers for each technology type
- Average sales price for each technology type
- Total RFID sensor tag market value for each technology type
- Systems cost (including readers, software, networking)
- Total RFID Sensor market value (tags and systems)
- Breakdown by HF versus UHF RFID Sensors
In addition to assessing the current capabilities of the existing solutions, the research also includes the progress with RFID sensor systems based on recent technology innovations including printed temperature sensors and antennas, flexible batteries and flexible transistor circuits. The timelines and capabilities of these technologies, in addition to the players, are all covered.
IDTechEx Research has covered the RFID market since 1999, providing the most granular and accurate data on the sector above all others. Our long standing relationships with those in the industry, together with our accurate prior forecasting and respected impartial views have been part of the basis on which this report has been conducted. Extensive interviews were conducted with the key players, with additional voice of the customer surveys to validate the needs of the technology.
If you seek to understand this sector, the players, your opportunities, and not repeat the mistakes of others, this is the ideal report for you.
IDTechEx provides companies with tools that can assist them in making essential strategic decisions in emerging technologies. IDTechEx offers research reports, subscriptions, consultancy, introductory services and events.