Predict 2016 RFID industry development

RFID industry development forecast in 2016

 

The following forecasts are based on past years of RFID industry development.

With the development of the RFID industry, competition of RFID manufacturer is growing. More outstanding RFID companies have began market research RFID technology uses, particularly do an in-depth study on RFID history development environment and RFID devices, such as RFID reader manufacturer –SYNCOTEK.

RFID tags are the physical carrier of electronic product code (EPC) of. It is attached to the traceability of goods, and can be identified and read in the global circulation. RFID (Radio Frequency Identification) technology, as one of building;things; of the key technologies in recent years, is getting more attention. RFID market is about to open. The key to success lies when we focus and capture it.

1. RFID in retail industry will welcome steady growth this year, particularly those apparel and retail enterprises.

If the global economy remains stable, more and more retailers transmit from the pilot phase to the formal deployment phase. Those RFID suppliers who have deployed RFID project will expand the project. RFID in manufacturing industry is not expected to reach the critical point, but the utilization of RFID technology in this field will welcome healthy growth. RFID technology applications in other areas will also grow, but the rate will not be so big.

2: Aviation, construction and energy sectors three strong growth in usage of RFID technology, the utilization of RFID rate will be only second to the retail industry.

Now, these three sectors of business are increasingly concerned about RFID technology. Aviation industry, Boeing and Airbus are two companies using RFID technology, who will become the main driving force for latest RFID technology. Construction companies are also trying to use companies using RFID technology to improve efficiency, energy industry also need application of RFID technology to reduce costs and cope with the reality of low oil prices.

3: RFID suppliers will continue to merger integration.

Large RFID retailers (including RFID reader manufacturers, RFID chip manufacturers and RFID tag provider) will continue to perform well, while those small firms will be difficult to have a big harvest. Some of the cash flow is not good, the good big RFID companies will merge more small companies. And no good RFID technology or small businesses will go bankrupt.

4: Microsoft's some authorities will realize tremendous opportunities in RFID industry

There are indications that Microsoft and other large technology companies began to pay attention to RFID technology, it is because they found that the RFID technology applications will help drive the growth of cloud computing.

5: More and more low-cost passive RFID sensors will be deployed.

There are many RFID sensor applications in automotive and construction industries. Other industries are also beginning to discover the value of these RFID sensors will monitor the environment.

6: A growing number of innovative technologies will make RFID more reliable, easier to deploy.

Over the past few years, passive UHF RFID tags and sensors have greatly improved. The current focus is to simplify deployment and make the RFID system more scalability. It is critical for multi-store retailers to use RFID technology for their technology innovation is critical. However, all businesses will benefit from these RFID technology and applications advances.

7: RFID Investors will return to the RFID industry.

Last year I predicted the venture will reinvested RFID company, but that did not happen. But I still think that venture capital, private equity firms and other investors are still interested in RFID technology use. With the market recovery, I think investors will invest in the RFID vendors which occupy a dominant market position.

8: UAVs and robots will integrate RFID technology for automatic data collection.

RFID technology has been used to collect data automatically, freeing the hands of employees, so that people could do more valuable things. These items probably is not much, but a lot of RFID industry enterprises are exploring the potential of drones and robots.

9: A RFID solution providers will combine RFID technology and video analysis with a new method.

I'm not sure about this, because I have not seen any RFID vendor with interesting prototype. But certainly some RFID manufacturers have realized that these two highly complementary technology value.

About Syncotek:
Syncotek is a global RFID reader manufactuer &card reader provider over 10 years in China.
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