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. |