RFID Market to Exceed $6 billion Worldwide by 2010

Datamonitor: Germany, UK expected to be dominant European countries for RFID into the future


"We're only just leaving an early-adopter phase in RFID technology's lifecycle. It is Datamonitor's view that most manufacturing RFID projects in 2005 will be pilots where an implementation is limited to one location, production line or single product type. Once manufacturers are able to recognize a return on investment (ROI) generated by the data flowing from the plant floor, we'll start to see RFID adoption grow at a faster rate," commented Jura.

Datamonitor expects that by the second half of 2006 this trend will see more companies expanding on their initial pilots, resulting in total expenditure for the year reaching a touch over $3 billion worldwide.

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