For a number of years, ARC conducts research in the area of RFID. First studies were published in the early 2000s. The technology itself is significantly older, it has been around for decades. At the turn of the millennium, the technology gained greater interest in the industry for use in product tracking.
For a number of years, ARC conducts research in the area of RFID. First studies were published in the early 2000s. The technology itself is significantly older, it has been around for decades. At the turn of the millennium, the technology gained greater interest in the industry for use in product tracking.
Specifically, it was Walmart that was pursuing the technology as an evolutionary step to manage inventory throughout the entire supply chain. However, the interest subsided until the 2010’s, when RFID technology was reignited by the fervor of Industrie 4.0 and the IIoT in manufacturing. As a result, we forecast a double-digit growth in terms of units for RFID in manufacturing. RFID was identified as enabling technology towards achieving the goals set out by Industrie 4.0/IIoT. Over the years, companies developed further applications for RFID in manufacturing and identified the technology as a key driver and enabler for their business.
In 2017 the market grew at almost double digit and we expect the growth in 2018 to be even higher. While Western Europe and Japan already have a good installed based of RFID readers and the markets are mature, North America and China are now catching up. While North America has a good RFID penetration in the supply chain and logistics area, the usage in manufacturing is still behind Western Europe.
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Source: RFID Enables Industrie 4.0