The RFID Market: Potential Opportunities Within an $11 Billion

IDTechEx Research finds that the RFID industry will be a business worth $11 Billion in 2018. Of that, passive RFID tags make up $5.01 Billion and RFID readers $2.85 Billion. The numbers of units sold and their average sales price (ASP) vary across the range of choices. In 2018, IDTechEx expect that 11.5 billion RAIN RFID labels (RFID operating at ~900MHz) will be sold, versus 4.0 billion HF devices (RFID operating at 13.56MHz). The sales of ICs are higher in the year since it takes time to convert ICs to tags and we account for stockpiling. The near-term forecast from IDTechEx Research is shown below, with consistent growth in tag numbers, offset slightly by reducing tag ASP.