Home / Knowledge / News / Information Technology / 'RFID carries unconditional guarantee of success' - Study
'RFID carries unconditional guarantee of success' - Study
07
Feb '09
The RFID market is set for further robust growth, despite many a challenge. While turnover is likely to increase by an average of 19% p.a. in Germany between 2006 and 2016, the pace may reach as high as 25% p.a. worldwide. With the shift in the market shares of individual RFID components and the exodus of production of less sophisticated products from the high-wage countries, Asia is likely to contribute an ever increasing share and become the continent with the strongest turnover by 2016.

RFID links the physical good with the corresponding information. In fact, the RFID principle has been used in a broad spectrum of military and civilian applications for decades. However, it was not until the introduction of the electronic passport and the use of RFID tags on some consumer goods in the retail sector that public interest in the technology surged.

Political and technological challenges will shape RFID's commercial outlook. In the technology area, the issues seem to focus primarily on energy consumption, production costs, manufacturing speed and reading errors, while politically the focus will be on frequency harmonization, standardization, and environmental and data protection.

Not every RFID project driven by a technological vision will become a commercial success. Before they start using RFID, companies must take a critical look at the cost and income aspects. RFID promotes innovativeness in the economy as a whole. RFID-based process automation not only boosts the efficiency of innovative companies, it is also instrumental in expanding the overall supply of goods and services.

Information and communication technologies are playing an increasingly important role in the implementation of value-added processes that overarch several steps. Specialists in corporate foresight say that Radio Frequency Identification (RFID) technology in particular is a very symbol of the paradigm shift. In the new paradigm the separation between the physical good and the information corresponding to it is eliminated.

RFID is not a brand new technology, however. Back in the Second World War the Allies used the same principle to distinguish between friend and foe. In the 1970s RFID came to be used more and more often in civilian applications as advances were made in microelectronics. The broad spectrum of applications ranges from logistics and trade, industry and agriculture right through to health care and leisure events.

However, it was not until RFID became more relevant in everyday life – e.g. with the electronic passport, labels on certain retail goods and access cards in the workplace, that the public started to take substantially greater notice of the technology.

Systems have three technical components:
Every RFID system consists of an RFID tag (also: transponder, a small chip encoded with a product number and containing a radio antenna, see box), a reader and data-processing software. RFIDsystems work on the principle that the individual components can communicate with one another via electromagnetic fields without physical or visual contact. This form of information exchange differentiates RFID from other information systems that use a bar code or contact chip card, for instance, as well as from radio-based systems such as Bluetooth.


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X