RFID Craze

Much of the discussion today focuses on the next level of implementation—item-level RFID tagging. IDTechEx, an industry analyst firm, has recently issued a report on the prospects of item-level RFID tagging. The scale for this level of implementation is staggering.

In the report, IDTechEx reports that item-level tags will be the largest RFID market starting as early as 2007, and skyrocketing from there. A $0.16 billion market in 2006 is projected to expand to $13 billion by 2016. In terms of number of tags, in 2006 0.2 billion items will be RFID tagged worldwide and in 2016, IDTechEx said this number could be 550 billion.