With the Internet of Things (IoT) industry booming, the global radio frequency identification system (RFID) market is growing rapidly, the market size in 2015 more than 10 billion US dollars. According to RnR MarketResearch's latest market intelligence, this figure is expected to grow by 2020 more than 17 billion US dollars.
At present, the global RFID industry is mainly concentrated in Europe and the United States market, its RFID technology applications are more mature, accounting for about 2015 the global market as a whole nearly 70%.
In contrast, China is in the exploratory stage of RFID, has not yet developed a mature standard and technology, resulting in a gradual decline in market penetration. In the future, China's RFID market is expected to grow at an annual growth rate of 20% between 2016 and 2020 with the progress of RFID standards, technological breakthroughs, tag cost reduction and smart networking industry.
In terms of RFID tags, China has become the world's largest production base, accounting for more than 70% of the global total. In 2015, China's RFID market size of about 3 billion yuan, 90% from the passive RFID. However, active RFID has the advantages of long distance identification, huge data transmission, low transmission power and superior reliability and compatibility.
Therefore, since 2004, the active RFID market has been growing rapidly, including Shanghai Super Ele & Tec, ZTE Intelligent IOT Technology and Shenzhen Aerospace Innotech. Of the enterprises have begun to enter the market.
From the application point of view, China's RFID technology has been applied to a wide range of fields from railway vehicle identification, identification and ticket management, animal knowledge, library management to public transport and production process management. In the logistics, clothing, medical, food and other fields, RFID is still in its infancy, for four reasons: First, the higher cost; Second, the delay in the development of national standards; Third, the cost of infrastructure upgrades; In place.
In the future, with the transformation and upgrading of traditional industries, RFID technology is expected to be in the food safety tracking, intelligent transportation, smart manufacturing and apparel retail and other fields to achieve an unprecedented development.
Tags：
RFID