China’s RFID card market to nearly double to USD 807 million in 2017
March 13, 2013 // Julien Happich
Driven by the government's focus on the futuristic Internet of Things and a surge in private sector growth, China’s RFID card market will nearly double in value and more than double in units in 2017, says Lux Research.
The RFID card/tag market volume will grow to 2.11 billion units, from 894 million in 2012, reflecting a compound annual growth rate (CAGR) of 19%. In revenue terms, the market will grow to USD807 million in 2017, from USD454 million in 2012, at a CAGR of 12%.
“So far, government applications account for 22% of the volume and 34% of the revenue, but that is about to change quickly,” said Richard Jun Li, Lux Research Director and the lead author of the report titled, “Identifying Growth and Threat in China’s Emerging RFID Ecosystem.”
“With the rise of market-driven applications, there are opportunities for multinationals to leverage China’s RFID growth – speed and identification of the best local partnerships will be critical,” he added. Lux Research analysts studied the Chinese RFID market and government policy to evaluate growth prospects for the industry. Among their findings:
Consumer market is the strongest
Driven mainly by the adoption of RFID tags for anti-counterfeiting, consumer applications will grow the fastest in volume terms – at a CAGR of 38% until 2017. Industrial applications will grow at a 25% rate, while electronic toll collection will be a fast-growing subsector.
Local OEM players emerging
The rise of Chinese original equipment manufacturer (OEM) suppliers for RFID cards/tags is creating a new industry dynamic. Currently, the top 15 suppliers – led by China Card Group and Tatwah Smartech – account for 57% of the Chinese market and are poised for further gains.
Focus is on fast-growing UHF market
Chinese companies do not have as strong a position in superior ultra-high frequency (UHF) chips – which will grow dramatically to become a USD236 million market in 2017. However, the clock is ticking for multinational suppliers, as the Chinese government is putting significant resources into developing homemade UHF chips.
Visit Lux Research at www.luxresearchinc.comAll news
Freescale opens Discovery Lab in Toulouse to foster innovation
September 17, 2014
Shortly after the company celebrated the first year of existence of its Austin-based Freescale Discovery Lab, an incubator ...
Can a large-area flexible OLED have reliable contacts?
Lemoptix pico-projector excels
Building ARM-based Bluetooth-enabled wearables
Asia-Pacific IC usage domination growing
Water-based nuclear battery generates electrical energy
September 17, 2014
Researchers at the University of Missouri have created a long-lasting and more efficient nuclear battery for the first time ...
Webinar: Insight into the WiFi-offload technology and lab testing
Belgium spin-off takes photonic IC design to the mainstream
Tablets to provide growth over flat PC market
- Flexible and Low Power Driving of Solenoid Coils
- How to Protect & Monetize Android Apps
- Power Modules: The New Super Power
- Flexible Performance for Network Security Appliances
InterviewCEO interview: AMS' Laney on driving a sensor-driven business
Kirk Laney, CEO of Austrian mixed-signal chip and sensor company AMS, wants to leverage the opportunity that technology affords to create new markets for sensors and sensor interfaces.
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, Trinamic Motion Control is offering you to win one of four TMCM-1043 development kits for its highly integrated, NEMA 17-compatible TMCM-1043 stepDancer stepper motor module.
Offering designers an easy-to-use PC-based GUI that allows one-click modification of motor drive current, micro-stepping and other key parameters, the intuitive kits are custom designed and developed for...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.