RFID - A Technology with Ceaseless Potential

Delhi, Delhi India (PressExposure) April 06, 2007 -- “RFID will make our lives faster, more reliable and safer”, told Mr Chatzimarkakis to CORDIS News on February 2, 2007. “The technology is already being used in a lot of circumstances and in a lot of applications, be it in public transport or for access to buildings.” RFID has various applications ranging from error prevention & data capture to providing safety from general hazards and ensuring security from terrorist attacks. However, RFID has yet so much of unused potential.

Latest trends and estimates give a clear indication of the market to grow at a rapid pace in the next decade. IATA’ RFID Manager, Andrew Price enthused, "In the next few years the air industry will be tagging an ever higher proportion of its 2 billion bags annually and it will use RFID in other new applications as well." Enterprise Networks & Servers published this statement in January this year.

"Government applications of RFID are now growing rapidly. We started five RFID projects in the government area this year and there are more to come next year", said Jimmy Li, who is the deputy director for Govt. RFID Applications’ Initiative Office at Economic Affairs’ Ministry of Taiwan and senior advisor for Taiwan’s Information Industry Institute.

RFID has a competitive advantage in various ways and in a number of locations that go much beyond baggage’s tagging. The biggest rollout is National ID card system in China, however UK has planned even a larger budget of US$ 15 Billion for its National ID card scheme.

As per the RNCOS report “RFID: Outlook China”, Low and high frequency RFID applications are relatively mature in Chinese market. It’s expected that year 2008 will see massive growth in ultra high frequency RFID applications, specifically in SCM (Supply Chain Management). Well-developed standards & technology will support this growth. Higher automation and minimized cost are the two main driving forces of RFID in SCM.

This research report on “RFID: Outlook China” addresses some interesting issues for today’s global business environment such as global RFID scenario and the position of China with respect to the global market, future prospects of RFID industry in China, applications and opportunities associated with RFID, Chinese government policies towards RFID such as Standard development, frequency allocation and their impact on RFID development in China.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

For more information visit: [http://www.rncos.com/Report/COM27] Current Industry News: [http://www.rncos.com/blog]

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Press Release Source: http://PressExposure.com/PR/RNCOS_E~Services_Pvt_Ltd..html

Press Release Submitted On: April 04, 2007 at 6:38 am
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