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RFID Market in China continues Growth at 8.55% during Q4 2005
By James Marriot
Intel has signed a deal with the Sample group located in Nanjing, to establish its only RFID center for research and development in China.
The RFID research and development center will primarily do research and promotion of RFID industry applications. These applications include intelligent communications management system, aviation luggage management system, warehouse management system, and container positioning management systems.
Intel RFID Centers throughout the world are supposed to interact closely with the Center at China, so that Intel can leverage the Sample Group's expertise in custom logistics segment to its advantage. Intel is eager to use RFID solutions for quality business decisions and production management.
In its latest published report "RFID: Outlook China", the market research firm RNCOS stated that the RFID market in China sustained its modest growth ratio of 8.55% in Q4 of 2005. It further indicated that the manufacturing segment should be prospective entry field for the RFID industry.
The report reveals that the size of the RFID market in China grew from RMB 568 million in the third quarter to RMB 617 million in the fourth quarter in 2005, exhibiting 8.55% rate of growth.
The experts at RNCOS are of the opinion that the exhibited rate of growth is moderate and the market still holds the potential. The report also tells that in the Q4 the RFID market was busy with the launch of 2G ID cards, and implementations in fields where it is already applied on a large scale, such as public transportation, campus management, property/residential area management, etc.
The report further elaborates that China has a great future in the manufacturing sector. There is a large application of logistics and availability of a substantial working capital in manufacturing procedures. Manufacturing companies can bring down their expenditures and boost efficiency through the effective use of RFID implementations to acquire precise logistics data and realize specialized production.
After assessing the challenges and prospects before the RFID industry, experts at RNCOS believe that there are certain limitations to the implementation of RFID in the manufacturing sector. The conformation to international standards and the prohibitive costs are the impediments to the growth of the RFID industry in China.
The RFID technology has been drawing a lot of attention from the industry as well as the government after having established its vast potential in China. Commercial application of RFID will be implemented this year.
As is evident from the latest events, the main factors behind the phenomenal success of the Chinese RFID industry are the support and promotion of the Chinese government and the private sector. This fact is further established, when the Haidian District City Planning Administration confirms, that it is only through the effective implementation of RFID technology, that the municipal facilities and public institutions can be properly managed. They intend to make further use of RFID in the city in the future.
To purchase your copy: http://www.rncos.com/Report/COM27.htm
For more information please visit www.rncos.com
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