IDTechEx author Raghu Das claims the value of the entire RFID market will be $5.63 billion this year, up from $5.03 billion in 2009. This includes tags, readers and software/services for RFID cards, labels, fobs and all other form factors.
Das says that just over 2.3 billion tags will be sold this year, up from 1.98 billion in 2009. The new IDTechEx report says most of the growth in the industry is do to the use of passive UHF tags, the biggest category for which is asset tracking in many closed loop systems. Apparel tagging also continues its impressive growth. Das claims that UK retailer Marks & Spencer will consume almost 200 million UHF tags alone this year for its item-level tagging program.
In total, IDTechEx says that 550 million passive UHF tags were sold in 2009, a number that will rise to at least 800 million in 2010. IDTechEx also states that this year, two passive UHF tag suppliers have increased their prices for the first time in many years and they are installing extra capacity.