RFID Sales Fell Short in ‘06, VDC Says

EPC UHF tag volumes were well below expectations in 2006; however, VDC predicts that this market will grow by nearly 88 percent through 2009.

Although most of the RFID revenues generated throughout 2006 were derived from the transportation, automotive, and government verticals, significant growth is expected from the pharmaceutical, CPG, and health care markets, especially when item-level tracking (ILT) applications become more pervasive in 2008/2009. VDC predicts that the pharmaceutical industry will pave the way for high-volume, item-level tracking applications in regulated industries.