In a new report , Frost & Sullivan predicts |
We ' ve reached a point where passive |
In India and China , as well as in North |
that yearly RFID revenue will reach $ 5.4 |
RFID has become a very attractive |
America and Europe , such growth is |
billion in 2020 , due to increased omni |
proposition for retailers and they are |
being fueled primarily by consumer |
channel sales fueled by better |
seeing value in the technology moving |
behavior . Specifically , shoppers are |
understanding of the technology by |
forward . |
using their phones and tablets to make |
retailers , more online purchases , and the |
While apparel is driving RFID adoption |
purchases , and expect to pick up or |
increased tagging of goods by product |
at this point in time , another promising |
receive products quickly following those |
manufacturers . |
area of growth in the retail sector is in |
purchases . Customer expectations have |
Sales of RFID readers , tags and software |
perishable foods . As with apparel , meat , |
put pressure on retailers to treat their |
to the retail sector will grow from $ 738 |
fresh produce and other perishable |
physical stores as distribution centers |
million in 2014 to $ 5.409 billion in 2020 , |
products will be tagged with EPC Gen 2 |
from which online purchases can be |
reflecting a compound annual growth |
ultrahigh-frequency ( UHF ) labels in |
fulfilled , and has also encouraged the |
rate ( CAGR ) of 38.9 percent . |
order to track food items from the time |
launching of online retailers that have no |
Both hardware and software companies indicated that the " tipping point " had been reached at which RFID technology use became commonplace for retailers . |
they are first packaged , through the supply chain , and into the store . In this way , companies will be able to reduce the percentage of spoilage that , in turn , |
physical store presence at all , but rather a keen interest in ensuring that goods are distributed to the areas in which purchases are being made very quickly . |
The RFID market for the retail sector is growing because retailers have begun to better understand the technology ' s benefits . The applications for which RFID is used include inventory management , monitoring customer behavior and loss |
leads to the high cost of wasted product .
There will be considerable growth during the next few years in India as well , thanks to the country ' s increased presence of smartphones , as well as disposable incomes . China is expected
|
One key factor driving RFID adoption globally is omnichannel retailing .
Increasing levels of e-commerce and m- commerce lays emphasis on inventory management to prevent loss of customers .
|
prevention . |
to be another large growth area . |
ELE Times , after its completion of six successful years , is in the next |
charge , defence establishments , manufacturing units , purchase |
phase of expanding its branches to Aerospace and Defence and on- |
and finance departments . Aerospace and Defence sector is one of |
line TV . ELE Times motto finds its value in disseminating electronics |
the largest buyers of electronics in its mission critical projects . India |
to its application areas . Aerodef . in is targeted towards research |
is about to spend $ 150 billion in the next five years . Here lies the |
labs , scientist , engineers working on the projects , project in- |
value for our electronics suppliers and electronics consumers . |