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RFID is the fasted growing Auto-id technology, with an estimated 24% annual growth rate. Despite having been around for some years, it is still considered to be an emerging technology, and new innovations, developments and standards are evolving all the time.
Since it's introduction, vendors and users have been searching for a "killer" application to emerge, which would establish RFID as a mature Auto-Id solution but this has not yet happened. The possible exceptions being niche market applications such as vehicle immobilisers and transportation solutions representing areas where RFID has no serious competitor, and animal ID where RFID enjoys increasing success.
Overall, security/access control and transportation are the most common applications for RFID. It is anticipated that by 2005 supply chain management applications will join hence in representing the major market revenue opportunities.
Currently the main application areas where RFID is enjoying the greatest success are
- Animal Identification (livestock and pets)
- Asset Tracking
- Planned Maintenance
- Time and Attendance
- Access Control
- Laundry Management
- High Value Garment Identification
- High Value Product Authentication
- Library Management
- Manufacturing Control
- Waste Management
- Transportation
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