RFID Market to reach $11.2 Billion in 2017

Based on the new report "RFID Forecasts, Players and Opportunities 2017-2027" , IDTechEx Research finds that in 2017, the total RFID market will be worth $11.2 billion, up from $10.52 billion in 2016 and $9.95 billion in 2015. This includes tags, readers and software/services for RFID labels, cards, fobs and other form factors, for passive and active RFID. In retail, RFID continues to be rolled-out for apparel tagging predominately - that application alone will demand 8.7 Billion RFID labels in 2017 - which still has plenty of room for growth since this is less than 20% penetration of the total addressable market for apparel in 2017.