RFID In China—The Biggest RFID Market This Year

RFID Market Size in China
For the first time, China has become the world’s largest market for RFID by value. In 2007, the spend on RFID in East Asia will be $2.7 billion of $4.96 billion spent globally. The majority of this - $1.9 billion - is just in China. This is because of a peak in delivery of contactless national identification cards in China prior to the 2008 Olympics. About $1.65 billion is being spent on 300 million of these cards plus their associated systems being delivered in 2007 out of a project commitment of $6 billion, the largest of any RFID project in the world.