Forecasts of European RFID, tag and reader use; growth in the value of global RFID in the apparel market; and a comparison of total worldwide RFID turnover predictions all help set the scene for likely changes in RFID uptake over the next decade.
| Forecast of European RFID use 2007 - 2022 | 2007 | 2012 | 2017 | 2022 |
|---|---|---|---|---|
| Total number of tagspurchased annually (in Millions) | ||||
| 144 | 3.22 | 22.4 | 86.7 | |
| Total number of locationswith RFID readers | ||||
| 2.75 | 30.71 | 144 | 453 | |
| Total number of RFIDreaders deployed | ||||
| 7.63 | 176.28 | 1.161.800 | 6.268.500 |
(Credit: BRIDGE, LogicaCMG)
RFID company user survey: projected European tag use (Credit: BRIDGE, LogicaCMG)
RFID company user survey: projected European reader use (Credit: BRIDGE, LogicaCMG)
RFID company user survey: projection of objects tagged (Credit: BRIDGE, LogicaCMG)
Growth in value of global RFID apparel market 2010-2021:
"The value of the tags alone for Apparel RFID was $36 million in 2010
and this will rise to $240 million in 2015. In 2021 we forecast the tag
value for the Apparel RFID market to be $1 billion."
(Credit: IDTechEx)
(Credit: RACE Network RFID)
Comparison of total global RFID turnover predictions (Credit: RACE Network RFID)
(Credit: Race Network RFID)
American Apparel RFID case study: the results
- RFID-enabled stores enjoyed a 14.3% sales upsurge versus comparable non-RFID stores
- Labor reductions of 20–30% in RFID-enabled stores
- 99% visibility of store inventory has facilitated inventory reductions of up to 15%
- 99% stock availability has reduced the need for sales staff to spend time searching for misplaced items
- If sales floor inventory counts are in question, an RFID-enabled store can reset the count in less than three hours
(Credit: American Apparel/Avery Dennison)
Sectors: Apparel, Footwear, Manufacturing, Retail, Sourcing, Technology
Companies: Avery Dennison
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