RFID Market Forecast to Grow 17% in 2014
grow from $7.88 billion in 2013 to $9.2 billion in 2014. Most growth is due to active RFID/RTLS systems, interrogators, and then tags, in terms of total money spent. Passive UHF tags see rapid growth, from a total of just over 3 billion tags in 2013 to 3.9 billion tags in 2014. IDTechEx find that 2.48 billion passive HF tags will be sold in 2014, although at a much higher average sales price than passive UHF tags, so the money spent on HF tags will be almost be ten times more. The highest volume sector for passive UHF systems is retail apparel, which still has some way to go with RFID penetrating only about 7% of the total addressable market for apparel in 2014.