RFID Market Forecast & Future Industry Trends to 2025– The Insight Pa RFID Market Forecast & Future Industry Trends to 2 | Page 2
RFID Market to 2025
Introduction
The technology for transferring data from an electronic tag using radio waves is known as RFID. The term RFID
stands for Radio Frequency Identification. It is basically an electronic label or tag attached with the products, this
electronic tag is capable of being read through a reader for the purpose of tracking or identifying the product. Since
past few years this industry has improved its standards by removing majority of the technological glitches which has
led to make this industry capable of catering the interoperable requirements. Also this industry has reinforced the
promotional and educational efforts by introduction of EPC Gen2 (Electronic Product Code Version 2) and UHF RFID
(Ultra High Frequency RFID) types. The RFID technology is steadily transforming into a reliable and authentic choice
for documentation. Though it took long for the RFID market to reach where it is today, with the improvising
technologies this market is expected to witness a sharp growth in next few years.
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