the global RFID market in the healthcare industry applications are the fastest growing

RFID (Radio Frequency Identification) the technology, also known as radio frequency identification, is a communications technology that can identify specific targets and read and write related data through radio signals without mechanical or optical contact between the identification system and the specific target. Radio frequency is usually microwave, 1-100GHz, suitable for short-distance recognition communication.

Electronic tag

It is understood that at the beginning of the 21st century, RFID it appeared in the supply chain and other segments of the industry and performed well. This also led to many organizations to invest in research and development to maximize the benefits of RFID technology some success, but many failures. RFID before, technology accumulation began to slow down, RFID technology proponents began to treat RFID to take a wait-and-see strategy to solve the problem.

Currently, retail, therapeutic and manufacturing industries are expanding rapidly, which helps to promote the future development of RFID technology. Despite the consensus among experts RFID, the adoption of practical applications RFID technology industry is saturated, but RFID is still in a slow and steady growth trend.

Research and Markets 2015-2020 global release RFID report says that the 2015 global market forecast report R

According to the report: the global RFID market is growing fastest in the healthcare industry applications

FID market is estimated at $10.04 billion. The report was analyzed and forecast RFID global and regional markets including North America, Europe, Asia Pacific, South America and the rest of the world.

The report states that automotive/transportation is the largest end-use segment in 2015, estimated at $3.05 billion. 2014-2020, the healthcare industry is the fastest growing application segment, expected to grow at a CAGR of 21% to reach $620 million by 2020.